Northern Trust Family Office Technology

Northern Trust is a preeminent global financial institution that provides asset servicing, investment management and wealth management services for institutions, high-net-worth individuals and families. For more than 130 years, our success has been anchored in one purpose: to serve as our clients’ most trusted financial partner, guarding and growing their assets as though they are our own.

We like to break down our Global Family Office (GFO) technology strategy into 5 core capabilities: Tax and accounting, performance, data visualizations, partnership accounting, and integrated general ledger. We offer these as a complete “Whole Office” solution or on an a-la-carte basis. It all starts with Wealth Passport, our portal and single entry point to the full suite of solutions. Here you will find comprehensive financial reporting and money movement capabilities across all of your products at Northern Trust, as well a full suite of data aggregation services.

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What sets Northern Trust apart?

"We are deliberate about our commitment to technology. Through working with family office clients for over 40 years, we have been leaders in the continuous evolution of technology in this space. We recognise not only where our clients’ needs are today, but also where they are going. This is why we have created our current suite of solutions to meet the modern demands for data immediacy, customised interaction, and unlimited flexibility."
Mary E. Timmons


Get an overview of what this software does.

Main tasks

  • Consolidated reporting
  • Portfolio management
  • Accounting
  • Governance
  • Compliance
  • Trading
  • Data aggregation
  • Risk management
  • Impact/ESG reporting

Top features

  • Holistic, aggregated single source of data
  • Automated cash & trade transaction tools
  • Comprehensive user report library
  • Ad-hoc custom reporting
  • Easily-accessible mobile platform
  • Dedicated client service team
  • Integrated partnership accounting & general ledger
  • Security & integrity of your data

Assets supported

  • All marketable and non-marketable assets
  • Bankable assets
  • Private equity
  • Real estate
  • Rare collectibles (e.g. luxury cars, boats, high-value jewellery)


  • MiFID II
  • GDPR


  • Yes

Type Of Software

  • Serviced software


  • Multi-factor authentication
  • Anti-fraud programs & IT security team
  • Three-tiered network architecture with redundant firewalls and DMZ layer
  • Network intrusion detections systems.
  • Regular network- and application-level penetration tests
  • Anti-virus practices at network, app and database levels
  • Several limits to employees’ ability to see and manage client data
  • Dedicated fraud prevention and investigations unit


  • Linux
  • Java


  • We interact with a variety of external vended software and send data (once authorized by the client) daily. Existing connectivity can be confirmed on request.

Mobile App

  • Yes

Type of data

  • Transaction level data


  • Fully integrated custody and accounting systems using the same ‘databank’ eliminates the risk of data inconsistencies.
  • Data is stored centrally and flows directly from the custody book of record to our processing engines without the need for multiple systems or internal reconciliations.
  • The system automatically reconciles with external sources such as depositories, brokers, pricing services and investment managers. In addition, our internal valuation reporting staff reviews transactions on a daily basis. Our reconciliation procedures enable us to produce high quality portfolio accounting data.


  • While we can work with other major 3rd party custodians, Northern Trust offers both proprietary, self-custody services in addition to a robust network of global sub-custodians.

Time to new custodian

  • In addition to serving as a custodian, we aggregate data in a variety of ways, and in many cases the connectivity may already exist.


  • Users can set multiple base currencies
  • Users can separate holding level gain/loss from currency gain/loss
  • Based on holding/position data
  • Based on transaction data

Cost structure

  • AUM based
  • Transaction use based
  • Feature based
  • Flat fee

Average cost p.a.

  • Our Wealth Passport application is included when a client decides to partner with Northern Trust’s Global Family Office team.
  • Additional services, such as investment risk and analytics, anchor analytics, partnership accounting, and general ledger are priced on an as-needed basis.

Key Company Info

Have a look at the company, clients and references to learn whether this is a match for you.


100-500 (in GFO’s division)


$6.1 billion ($286.3 million – GFO’s trust fees)


  • 1889


  • United States of America


  • Chicago
  • London
  • Guernsey
  • Luxembourg
  • Abu Dhabi

Total AUM

  • $114 billion (Northern Trust’s GFO)

Avg. AUM per client

$900 million  (median $350 million)


  • Single-family offices

Serves also

  • Individual wealth owners

Number of clients:

  • Approx. 500 GFO clients

Request References

What Northern Trust's clients say?

"We began a comprehensive review of our office’s operating environment with an eye towards optimizing our business processes, operations durability, system integration and overall risk management. We ultimately chose to work with Northern Trust as our long-term partner given their investment in and commitment to providing leading edge technology, proven asset servicing and integrated middle office solutions.”
Michael M., , President & CEO of Confidential Family Office

Support & Services

Learn what support and services you can expect

Support options

Dedicated contact
In person on-site support
Phone or email

Pricing of support

Pricing is based on scope and scale of the engagement.


Varies depending on the transition conversion schedule outlines.


Northern Trust has over 3,000 custom reports and templates developed available for our clients to use based on their reporting needs. They can include additional detail as required.

Bespoke development

Reporting requirements can go beyond the scope of the reports available.

Added services

Investment and tax advice, business process reviews, family office consulting, family education and governance.

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