Northern Trust Securities, Inc. (Chicago)

Name: Northern Trust Securities, Inc.
Address: 50 S. Lasalle, Chicago, IL, 60603 0001
Telephone: 312-557-2000

Northern Trust Securities, Inc. is a large advisory firm based in Chicago. It manages $381.49 million of regulatory assets for 1,146 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 22 other states.

Northern Trust Securities provides portfolio management for individuals and small businesses and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Northern Trust Securities: assets under management

The assets under management (AUM) of Northern Trust Securities, Inc. is $381.49 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 4758% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $381.49 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $332.89 thousand each.

Northern Trust Securities has custody of $381.49 million in cash and securities for 1,146 clients in total and acts as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Northern Trust Securities, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Shundrawn Antwarn Thomas serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Shundrawn Antwarn Thomas is high net worth individuals with 667 clients and $272.97 million of assets under management. Among the 10 most similar advisory firms, Northern Trust Securities has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $381.49 million for 1,146 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Northern Trust Securities doesn't advise any private funds.

Careers at Northern Trust Securities, Inc.

The company employs 88 people that are either part- or full-time employees. 73 percent of the employees work as investment advisers or researchers. 88 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Shundrawn Antwarn Thomas has been acting as President since 1 Jan 2009. Anna Maria Ranaldi joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Northern Trust Corporation	Shareholder	1 Apr 1984	75% - 100%	26-2723087
Raymond Joseph Marrello	Chief compliance officer	1 Jul 1988	Other	1870475
Perry R Pero	Director	1 May 1991	Other	2161180
Stephen W Lind	Director	1 Oct 1991	Other	2194375
John Terrence Murray	Director	1 Nov 1992	Other	1928883
David Eugene Nickel	Director	1 Jan 1995	Other	1798801
John Vannorden Mcclure	Director	1 Jan 1997	Other	1475375
Andrea Oleary Hasten	Director	1 Jan 1997	Other	xxx-xx-xxxx
Mark Stevens	Director	1 Jan 1997	Other	1928885
Lloyd Arno Wennlund	Ceo & director	1 Mar 1997	Other	1512907
Timothy John Salata	Cfo	1 Jun 1997	Other	1971707
Wesley Lee Ringo	Chief compliance officer	1 May 2001	Other	1480802
Terence John Toth	Director	1 Feb 2002	Other	4501033
Stephen Bryan Timbers	Director	1 Feb 2002	Other	732283
Lyle Logan	Director	1 Feb 2002	Other	4513309
Samuel Scott Taccetta	Cfo	1 Apr 2005	Other	4930371
Michael Angelo Jr. Vardas	President and director	1 Sep 2005	Other	4546999
Douglas Patrick Regan	Director	1 Sep 2005	Other	xxx-xx-xxxx
Patricia Bartler	Director	1 Sep 2005	Other	xxx-xx-xxxx
Timothy John Salata	Cfo	1 Jan 2006	Other	1971707
Debra Ann Griewahn	Chief compliance officer	1 Nov 2006	Other	1555796
Debra Ann Mairs	Chief compliance officer	1 Nov 2006	Other	1555796
Brian Edward Monahan	Cfo	1 Nov 2006	Other	2995049
Donna Lynn Gingras	Cfo	1 Jan 2007	Other	4471010
Saverio Mirarchi	Director	1 Mar 2008	Other	4846698
Carol Joan Berberich	Cfo	1 Oct 2008	Other	1969385
Shundrawn Antwarn Thomas	Director	1 Jan 2009	Other	2502250
James Meigs Rauh	Director	1 Jan 2009	Other	371488
Lyle Logan	Director	1 Jan 2010	Other	4513309
Carl Galen Lingenfelter	Director	1 Jul 2010	Other	1974208
John Stephen Maclellan	Director	1 Apr 2011	Other	1050214
Katherine Therese Ellis	Director	1 Nov 2013	Other	2519959
David Patrick Williams	Director	1 Nov 2013	Other	5370414
Michael Robert Schwaeber	Chief financial officer	1 Dec 2013	Other	2357289
Mitchell Blair Thornton	Director	1 Jul 2014	Other	2515299
Marie Ellen Dzanis	Director	1 Oct 2017	Other	2032883
David Charles Blowers	Director	1 Jan 2018	Other	4377133
Robin Lisa Tardy	Director	1 Jan 2018	Other	4159996
Anna Maria Ranaldi	President	1 Mar 2018	Other	5088161

Based in Chicago

The principal office where Northern Trust Securities, Inc. performs its advisory services is located at 50 S. Lasalle, Chicago, IL 60603 0001, which is also the mailing address of the firm. An additional office of the firm is in Boca Raton, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-557-2000 or by fax 312-444-4352. The normal business hours are 8:30 a.m.- 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at northerntrust.com.