Northern Trust Expands Newly Launched Alts Platform to Include Private MarketsDecember 3, 2018
Creating the Marketplace for Alternative Investing
Northern Trust (NASDAQ: NTRS) announced today it has added private market capabilities to supplement the recently launched ArcLine Alternatives platform for the firm’s wealth management clients.
The private market investment offering, developed with alternative investment technology firm Artivest, better enables Northern Trust’s qualified wealth management clients to take advantage of a carefully curated list of leading alternative funds to meet their changing, and increasingly sophisticated, asset allocation and portfolio diversification needs through an integrated cloud-based subscription and reporting platform.
“Northern Trust is committed to delivering quality alternative investment opportunities for our clients in the most efficient and secure manner available. We are pleased to announce this addition to our alternatives platform, which offers exposure to some of the world’s top private market fund managers though a frictionless investment process,” said Steven L. Fradkin, President of Northern Trust Wealth Management. “This capability is yet another mechanism to help our clients meet their long-term goals, leveraging sophisticated technology to deliver seamless alternatives exposure and reporting.”
“Artivest is proud to support Northern Trust’s private market offerings through the digital ArcLine Alternatives platform,” said James Waldinger, Artivest’s CEO and Founder. “We look forward to a long-term collaboration with Northern Trust.”
Northern Trust Wealth Management specializes in Goals Driven Wealth Management backed by innovative technology and a strong fiduciary heritage. Northern Trust Wealth Management is ranked among the top 10 U.S. wealth managers, with $295.5 billion in assets under management as of September 30, 2018, and a wide network of wealth management offices across the United States.
The Northern Trust Company is an Equal Housing Lender. Member FDIC.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 23 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2018, Northern Trust had assets under custody/administration of US$10.8 trillion, and assets under management of US$1.1 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/disclosures.
Artivest is the premier alternative investment platform, offering investors and advisors digital access to institutional-quality alternative strategies, including private equity, hedge funds, managed futures, and real assets. Our enterprise solutions for asset and wealth managers include investment access and transaction processing, investment research and product structuring, and nationwide fund distribution. Artivest remains privately held by its employees and outside investors, led by KKR, Thiel Capital, Genstar Capital, and Aquiline Capital Partners. For more information, please visit artivest.co.