Northern Trust Family Office Technology vs IQEQ

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Northern Trust Family Office Technology

Category
Consolidated Reporting

Northern Trust is a global financial institution that provides asset servicing, investment management and wealth management services for institutions, high-net-worth individuals and families or their family offices.

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iqeq, family office software, portfolio management software, consolidated reporting software

IQ-EQ

Category
Consolidated Reporting

IQ-EQ combines one of the best in class accounting systems for closed-end funds or private assets (FIS Investran) and open-ended funds or public securities (Paxus) with best in class online visualisation technology. No need for in-house developers, as we have our own development team.

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Company
Employees

100-500 (in GFO’s division)

Revenue

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

Founded

  • 1889

Ownership

-

Incorporated

  • United States of America

Locations

  • Chicago
  • London
  • Guernsey
  • Luxembourg
  • Abu Dhabi

Top 5 Markets

-

Total AUM

  • $114 billion (Northern Trust’s GFO)

Avg. AUM per client

$900 million  (median $350 million)


  • 500+


–


  • 1896


  • Owned by management


  • Luxembourg


  • United Kingdom
  • Belgium
  • France
  • Hong Kong
  • Japan


  • Hong Kong
  • France
  • Singapore
  • United Kingdom
  • United States of America


–


–

Client
Focus

  • Single-family offices

Serves also

  • Individual wealth owners

Number of clients:

  • Approx. 500 GFO clients


  • Single-family offices


  • Individual wealth owners
  • Multi-family offices
  • Financial advisors
  • Fund managers
  • Banks


–

Product
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)

Compliance

  • MiFID II
  • GDPR
  • AIFMD
  • UCITS

Whitelabel

  • Yes


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


  • Enhance transparency
  • Reduce operational risk
  • One-stop-shop for investors
  • Leverage state of the art technology, along with full systems support
  • A fully customized solution around your specific requirements
  • Provides real time data online from a single point of truth


  • Bankable assets
  • Private equity
  • Real estate
  • Rare collectibles


  • MiFID II
  • GDPR
  • FinSA/FinIA
  • AIFMD
  • UCITS


  • Yes

Technology
Type Of Software

  • Serviced software

Security

  • 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

Ecosystem

  • Linux
  • Java

Integrations

  • 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


  • SaaS


-


-


-


  • Yes