Provider Profiles
Northern Trust Corporation
| Profile | |
| Business Model/Type§ | OCIO + other |
| Year Entered Into OCIO Business | 1979 |
| No. of Relationship Managers/Salespeople | 43 |
| No. of OCIO Portfolio Managers | 49 |
| OCIO % of Total Firm Revenue | Not available |
| No. of Clients, Full Discretion | 461 |
| Full Discretionary Assets | |
| Total Full Discretionary OCIO Assets | $99.6B |
| Discretionary Assets by Fund Type | |
| Defined Benefit | $43.8B |
| 401(k), 403(b), Other DC | $6.8B |
| Endowments/Foundation | $10.8B |
| Health Care | $1.3B |
| Other | $37B |
| Portfolio Construction |
Asset Allocation is the single most important factor in driving total program returns and managing volatility (risk). They view their client’s asset allocation as the long-term foundation of the investment program and believe it must be specific to and aligned with each of their client’s unique investment objectives. Their forward looking capital market assumptions drive the inputs into their asset allocation analysis and they work deliberately with clients to customize an allocation that has their goals, needs, and objectives at the center of this analysis. |
| § | OCIO only: Open-architecture (no proprietary products used): Investment outsourcing is only business line. |
| OCIO + other: An open-architecture/manager-of-manager investment outsourcing platform as one of multiple business lines. | |
| Implemented consulting: i.e. consulting firm that also has discretion over assigned assets. | |
| Proprietary/non-proprietary: An investment outsourcing platform that offers proprietary products alongside non-proprietary products. |