Northern Trust Securities provides investment management services through a wrap fee program, which bundles investment advice, portfolio management, and trading execution into a single fee calculated as a percentage of your portfolio. The firm offers three main managed account options: Separately Managed Accounts, Fund Strategist Portfolios, and Strategist Unified Managed Accounts. These models utilize professional managers, mutual funds, exchange-traded products, and individual stocks and bonds tailored to your financial goals. Northern Trust Securities operates as a wholly owned subsidiary of Northern Trust Corporation and serves individuals, high-net-worth investors, trusts, and institutional clients. The firm has the authority to make trades in your account without asking first, following your agreed-upon investment objectives. Accounts are subject to minimum investment amounts and annual minimum fees depending on the selected program.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.25% |
| $500K - $1.0M | 1.00% |
| $1.0M - $5.0M | 0.85% |
| $5M+ | 0.75% |
Rates apply to Fund Strategist Portfolio, Strategist UMA, and Equity and Balanced SMA strategies. Fixed Income SMA strategies have a separate schedule starting at 0.55%. Manager fees and product-level fees are in addition to these advisory fees.