Asset manager · Chicago, IL
Northern Trust Investments, Incorporated
SEC-registered investment adviser · CRD 105780 · SEC 801-33358
At a glance
Northern Trust Investments, Incorporated is an SEC-registered investment adviser based in Chicago, Illinois, with $1.2 trillion in regulatory assets under management as of its Form ADV filed June 15, 2026. Its largest client group by assets is pooled investment vehicles, and it reports 35,278 individual clients. By Form ADV it is a asset manager, ranked 17th of 3,218 asset managers and 19th of 17,210 SEC-registered advisers by assets.
Main office 312-630-6000northerntrust.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.25T
- Rank among asset managers
- #17 of 3,218
- Rank among all SEC RIAs
- #19 of 17,210
- Rank in Illinois
- #1 of 684
- Individual clients
- 35,278
- High-net-worth clients
- 15,055
- Accounts
- 41,027
- Discretionary
- 100% of AUM
- Employees
- 662
- Advisory staff
- 219
- Offices
- 9
Owners and executives on its Form ADV
- Craig Richard CarberryChief Legal Officer/secretary
- Sheri B. HawkinsExecutive Vice President/director
- Maya G. TeufelSenior Vice President/chief Compliance Officer
- Archana KumarExecutive Vice President/chief Operating Officer/director
- Joseph W. McInerneySenior Vice President/chief Risk Officer
- Paulami KarExecutive Vice President/director
- Christian G. RothExecutive Vice President/co-Chief Investment Officer
- Michael R. HunstadChairmen/president/chief Executive Officer/director
- Sunitha Cherian ThomasSenior Vice President/head of Wealth & Intermediary Client Group/director
- Anwiti BahugunaExecutive Vice President/co-Chief Investment Officer
- David S. RuddChief Financial Officer
- Daniel T. RocheBU Chief Information Security Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Northern Trust Investments, Incorporated is a hybrid RIA: 124 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Northern Trust Securities LLP and Northern Trust Securities, Inc..
- Northern Trust Securities LLP
- Northern Trust Securities, Inc. ↗CRD 7927
Its Form ADV brochure (filed March 2026) names Northern Trust Securities LLP as the broker-dealer its advisers are registered with.
Certain NTI employees are registered representatives of its affiliated broker - dealer, NTSI. 37 FORM ADV PART 2A Material Relationships NTI is registered with the U.S.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 237 | $509B | 41% |
| Investment companies | 104 | $295B | 24% |
| Corporations or other businesses | 3,627 | $112B | 9% |
| Pension and profit sharing plans | 330 | $111B | 9% |
| High-net-worth individuals | 15,055 | $95B | 8% |
| Insurance companies | 75 | $46B | 4% |
| Charitable organizations | 1,347 | $39B | 3% |
| Sovereign wealth funds and foreign official institutions | 29 | $30B | 2% |
| Individuals | 20,223 | $8.8B | <1% |
Private funds
Northern Trust Investments, Incorporated reports 9 private funds with $1.7B in gross assets: hedge funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Northern Trust Investments, Incorporated answers yes to 11 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Selecting other advisers
- Periodicals or newsletters
- Other services
How it’s paid
- A percentage of assets under management
- Fixed fees
- Performance-based fees
- Other
Form ADV and brochures on the SEC’s adviser search ↗northerntrust.com ↗
AtlasMembers
The full record on Northern Trust Investments, Incorporated
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 33 peers of its type and size
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- Owners and executives, with titles and stakes
- 12 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 3Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Northern Trust Investments, Incorporated manage?
Northern Trust Investments, Incorporated reports $1.2 trillion in regulatory assets under management across 41,027 accounts, 100% of it on a discretionary basis, on its Form ADV filed June 15, 2026.
What kind of firm is Northern Trust Investments, Incorporated?
Northern Trust Investments, Incorporated is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals. It reports a bank or thrift among its related persons. A public reporting company controls it.
Who are Northern Trust Investments, Incorporated’s clients?
By assets, its largest client types are pooled investment vehicles ($509.4 billion, 237 clients); investment companies ($294.5 billion, 104 clients); corporations or other businesses ($111.9 billion, 3,627 clients).
Does Northern Trust Investments, Incorporated manage private funds?
Yes. It reports 9 private funds with $1.7 billion in gross assets, including hedge funds, other private funds.
Does Northern Trust Investments, Incorporated have any disciplinary history?
Northern Trust Investments, Incorporated answers yes to 11 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Northern Trust Investments, Incorporated’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-06-15), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →