Northern Trust vs Lombard Odier Comparison

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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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Lombard Odier - Global Assets+

Category
Consolidated Reporting

Swiss based Lombard Odier - Global Assets+ solution, catered to professional investors, private clients or family offices, is underpinned by a unique combination of operational capabilities, investment expertise, flexibility and cutting-edge multi-currency banking technology, designed and developed by Lombard Odier.

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Company
Employees

100-500 (in GFO’s division)

Revenue

$6.1B ( $286.3M – GFO’s trust fees)

Founded

1889

Ownership

-

Incorporated

United States of America

Locations

  • Chicago
  • London
  • Guernsey
  • Luxembourg
  • Abu Dhabi
Top 5 Markets

-

Total AUM

$114B (Northern Trust’s Global Family Office)

Avg. AUM per client

$900M  (Median $350M)


500+


USD 235M for 2020


Our Bank was founded in 1796.


Owned by management.


Switzerland


  • Geneva
  • Zurich
  • Brussels
  • London
  • Luxembourg
  • Paris
  • Madrid
  • Dubai
  • Abu-Dhabi
  • Hong-Kong
  • Singapore
  • Tokyo
  • Bermuda
  • Nassau

  • Switzerland
  • United Kingdom
  • Singapore
  • France
  • Denmark

G2 Pro – our wealth and investment platform fully developed internally in close collaboration with our business lines –allows managing more than 350Bn USD.


This information is not publicly communicated. However, we can address the question in the context of bespoke discussions.

Client
Focus

  • Single-Family Offices
Serves also

  • Individual Wealth Owners (UHNWIs)
  • Single-Family Offices
Number of clients:

  • approx. 500 GFO clients

Single-Family Offices (SFOs)


  • Individual Wealth Owners (UHNWIs)
  • Single-Family Offices (SFOs)
  • Multi-Family Offices (MFOs)

More than 200 clients rely on our Global Assets+ solution

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
  • Portfolio management
  • Trading (execution on platform)
  • Data aggregation
  • Risk management
  • Impact/ESG reporting

  • Dynamic analysis, easy access to financial data.
  • Execution monitoring.
  • Instant consolidation of a large number of portfolios/investments.
  • Historical performance, allocation, and portfolio exposure trends.
  • Detailed performance contribution/attribution across asset classes, countries and currencies breakdowns.
  • Fund look through.
  • Bespoke costs monitoring.
  • Ex-post and ex-ante risk metrics.
  • Dedicated investment guidelines monitoring.
  • Powerful reporting solutions to create personalized reports.

  • Bankable assets
  • Private equity
  • Real estate
  • Rare collectibles (e.g. luxury cars, boats, high-value jewelry)

  • 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


 

We are regulated by the Swiss Financial Market Supervisory Authority (FINMA) and are subject to thorough internal and external audit programs.

Client data is key and we have implemented thorough security measures to protect them, leveraging the best experts both inside our organisation and through networks of subject matter experts. Lombard Odier mandated an external auditor to perform an ISAE 3000 Report on Client Data Security Controls (Type II) on a yearly basis.


  • Microsoft
  • IBM
  • Java


Yes

Simple solutions for complex times.