Northern Trust Family Office Technology vs SS&C Family Office Services
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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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SS&C Family Office Services
Category
Consolidated Reporting
SS&C’s Family Office Services provides a comprehensive, customizable solution for back office operations including accounting, analytics, and reporting for single and multi-family offices. By leveraging SS&C’s solution, family offices can reduce cost and operational risk in every-day operations while enabling their staff to focus on higher-value activities. We deliver solutions to family offices for handling complex securities, sophisticated investment strategies, multi-tiered ownership structures, global investments, and increasing regulatory demands that characterize the market.
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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+
- $4.6 million
- 1986
-
- United States of America
- Windsor
- Hong Kong
- Dubai
- Singapore
- States of America
- United Kingdom
- Canada
- Ireland
- Hong Kong
- $2.6 trillion
- $1.2 billion
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
- 18,000
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
- Governance
- Portfolio management
- Data aggregation
- Fully integrated, multi-currency portfolio management
- Integrated reporting for multi-tiered ownership structures
- Bankable assets
- Private equity
- Real estate
- Rare collectibles (e.g. luxury cars, boats, high-value jewelry)
-
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
- Serviced software
-
- Microsoft
- SAP
- Java
- Adobe
-
No
