Northern Trust Bank Fsb (Chicago)

Name: Northern Trust Bank Fsb
Address: 50 South Lasalle Street, Chicago, IL, 60603
Telephone: 312-444-3732

Northern Trust Bank Fsb is a large advisory firm based in Chicago. It manages $9.4 billion of regulatory assets for 4,421 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut, Delaware, Georgia, and 9 other states.

Northern Trust Bank Fsb provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and pension consulting services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Northern Trust Bank Fsb: assets under management

The assets under management (AUM) of Northern Trust Bank Fsb is $9.4 billion. The firm's AUM has grown by 334% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $7.94 billion in discretionary accounts and $1.46 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.89 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $6.7 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Northern Trust Bank Fsb for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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.

Careers at Northern Trust Bank Fsb

Timothy Matthew Crow has been acting as President since 1 Dec 1998. James Meigs Rauh joined the executive team most recently as the Director, President Midwest.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Daniel H Chapman	Chairman, director	1 Jul 1998	Other	4370930
James I Kaplan	Secretary, director	1 Jul 1998	Other	4371005
Northern Trust Corporation	Parent	1 Jul 1998	75% - 100%	36-2723087
Timothy Matthew Crow	Director	1 Dec 1998	Other	1812120
Kenneth J Lamotte	Director	1 Mar 1999	Other	4371017
Quentin C Johnson	President, director	1 Aug 1999	Other	4370955
Gary A Delain	Chief operating officer, svp	1 Sep 1999	Other	4371024
Donna R Spivey	Chief fiduciary officer, svp, director	1 Apr 2000	Other	4371011
John Terrence Murray	Vice chairman, director	1 Feb 2001	Other	1928883
Alison A Winter	Vice chairman, director	1 Feb 2001	Other	4370965
Brian J Hofmann	Chief financial officer, vp	1 Feb 2001	Other	4371022
Catherine Rose Anderson	Investment compliance officer, vp	1 Feb 2001	Other	4373955
Sherry Mae Barrat	Director, vice chairman	1 Feb 2001	Other	1472185
Dennis B Mitchell	Director	1 Feb 2001	Other	4375358
Quentin C Johnson	Chairman and chief executive officer	1 Jul 2002	Other	4370955
Joseph Anthony Cannizzaro	Chief fiduciary officer	1 Jul 2002	Other	39692
Joseph Salvatore Cannizzaro	Svp, chief fiduciary officer	1 Jul 2002	Other	4650478
Gregg D Behrens	Director, executive vp	1 Apr 2004	Other	4871749
Catherine Rose Anderson	Svp, investment compliance officer	1 Jun 2004	Other	4373955
Catherine Rose Anderson	Svp, chief compliance officer	1 Jul 2004	Other	4373955
John Jeffery Kauffman	Director, senior vp	1 Oct 2004	Other	2269602
James E Roselle	Secretary, director	1 Oct 2004	Other	4876926
David Mchugh	Svp, chief compliance officer	1 Jul 2005	Other	2704990
Louise F Dill	Director, svp	1 Oct 2005	Other	5113654
Jean Esther Sheridan	Director, executive vp	1 Jan 2006	Other	4586873
James Meigs Rauh	Director, president - midwest	1 Feb 2006	Other	371488
John Arthur Schukar	Director, managing director & svp & assistant secretary	1 Feb 2006	Other	2893915

Based in Chicago

The principal office where Northern Trust Bank Fsb performs its advisory services is located at 50 South Lasalle Street, Chicago, IL 60603, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-444-3732 or by fax 312-630-0626. The normal business hours are 8:30 - 5:00 pm on Monday - Friday. You can find more information about the New York firm at www.northerntrust.com.