Northern Trust Corporation (NTRS): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No cenário intrincado dos serviços financeiros globais, a Northern Trust Corporation surge como uma potência sofisticada, navegando estrategicamente gerenciamento de patrimônio e bancos institucionais com precisão notável. Através de sua tela de modelo de negócios meticulosamente criada, a corporação revela um complexo ecossistema de parcerias, tecnologias de ponta e soluções financeiras adaptadas que atendem a indivíduos e clientes institucionais de alta rede. Ao misturar perfeitamente plataformas digitais avançadas com gerenciamento personalizado de relacionamento, a Northern Trust se posicionou como uma instituição financeira principal que transforma os paradigmas bancários tradicionais em experiências dinâmicas centradas no cliente.

Northern Trust Corporation (NTRS) - Modelo de Negócios: Principais Parcerias

Instituições financeiras globais e bancos de investimento

Northern Trust mantém parcerias estratégicas com as seguintes instituições financeiras globais:

Instituição parceira	Tipo de parceria	Escopo de colaboração
Goldman Sachs	Banco de investimento	Serviços de gerenciamento de ativos transfronteiriços
JPMorgan Chase	Serviços de custódia	Liquidação Internacional de Valores Mobiliários
Citibank	Bancos de transações globais	Administração de fundos de vários mercados

Provedores de tecnologia para soluções bancárias digitais

As principais parcerias tecnológicas incluem:

• Microsoft Azure - Serviços de infraestrutura em nuvem
• IBM - Soluções de segurança cibernética e IA
• Salesforce - Gerenciamento de relacionamento com o cliente
• Finsastra - Plataformas de software bancário

Gestão de patrimônio e empresas de serviço de ativos

Colaborações estratégicas com empresas especializadas:

Empresa parceira	Área de serviço	Valor anual de colaboração
BlackRock	Gerenciamento de investimentos	US $ 127 milhões
Conselheiros Globais da State Street	Manutenção de ativos	US $ 98 milhões

Consultores de conformidade regulatória e segurança cibernética

Rede de Parceria de Conformidade e Segurança:

• Deloitte - Consultoria de conformidade regulatória
• PWC - Advogado de Gerenciamento de Riscos
• McKinsey & Empresa - Avaliação Estratégica de Risco de Tecnologia

Serviços profissionais e empresas de contabilidade

Parcerias de Serviço Profissional:

Empresa parceira	Especialização do serviço	Escopo de engajamento
Ernst & Jovem	Auditoria financeira	Verificação global de conformidade
Kpmg	Consultor tributário	Estratégia tributária internacional

Northern Trust Corporation (NTRS) - Modelo de negócios: Atividades -chave

Gestão de patrimônio e serviços bancários privados

Northern Trust administra US $ 1,5 trilhão em ativos de gerenciamento de patrimônio a partir do quarto trimestre 2023. A empresa serve Indivíduos de alta rede com renda familiar anual superior a US $ 5 milhões.

Categoria de serviço	Total de ativos sob gestão	Patrimônio líquido médio do cliente
Gerenciamento de patrimônio privado	US $ 352 bilhões	US $ 25 milhões
Serviços bancários pessoais	US $ 218 bilhões	US $ 12 milhões

Serviço de ativos e administração de investimentos

A Northern Trust administra US $ 12,4 trilhões em ativos globais a partir de 2023, com uma presença internacional significativa.

• Serviços de custódia global para 1.900 clientes institucionais
• Administração de fundos para 4.700 fundos de investimento
• Portfólio de empréstimos de valores mobiliários avaliados em US $ 475 bilhões

Soluções bancárias corporativas e institucionais

O segmento bancário corporativo gera US $ 1,8 bilhão em receita anual com serviços financeiros especializados.

Serviço bancário	Volume total de transações	Receita anual
Banco corporativo	US $ 875 bilhões	US $ 642 milhões
Bancário institucional	US $ 1,2 trilhão	US $ 1,158 bilhão

Gerenciamento de investimentos e serviços de consultoria

A Northern Trust gerencia US $ 1,3 trilhão em ativos de investimento nos mercados globais.

• Gerenciamento de investimento institucional para 1.200 clientes
• Estratégias de investimento alternativas totalizando US $ 287 bilhões
• Portfólio de investimentos ESG avaliado em US $ 124 bilhões

Desenvolvimento de tecnologia e plataforma digital

Os investimentos em tecnologia atingiram US $ 525 milhões em 2023, com foco na transformação digital.

Área de investimento em tecnologia	Gastos anuais	Usuários da plataforma digital
Plataformas bancárias digitais	US $ 187 milhões	350.000 usuários
Infraestrutura de segurança cibernética	US $ 142 milhões	N / D
AI e aprendizado de máquina	US $ 96 milhões	250 soluções implementadas

Northern Trust Corporation (NTRS) - Modelo de negócios: Recursos -chave

Extensa experiência financeira global

A Northern Trust Corporation tem US $ 1,4 trilhão em ativos sob a administração a partir do quarto trimestre 2023. A empresa opera em 23 países com 22.000 funcionários em todo o mundo.

Categoria de especialização	Métricas quantitativas
Gestão de patrimônio AUM	US $ 1,32 trilhão
Corporativo & Serviços institucionais AUM	US $ 12,1 trilhões
Profissionais de investimento global	1.100+ profissionais especializados

Infraestrutura tecnológica avançada

Northern Trust investe significativamente em capacidades tecnológicas.

• Investimento de tecnologia anual: US $ 600 milhões
• Plataformas bancárias digitais: 5 soluções digitais proprietárias
• Orçamento de segurança cibernética: US $ 180 milhões anualmente

Equipe de gerenciamento de relacionamento forte

A Northern Trust mantém uma infraestrutura de relacionamento com cliente dedicada.

Segmento de cliente	Gerentes de relacionamento dedicados
Clientes institucionais	Mais de 750 profissionais dedicados
Clientes de gerenciamento de patrimônio	1.200 mais de gerentes de relacionamento

Sistemas robustos de gerenciamento de riscos e conformidade

Estrutura abrangente de gerenciamento de riscos com investimentos substanciais.

• Pessoal de conformidade: mais de 850 profissionais
• Orçamento de conformidade regulatória: US $ 220 milhões anualmente
• Investimentos de tecnologia de gerenciamento de risco: US $ 95 milhões

Capital financeiro substancial e reservas

Forte posicionamento financeiro com reservas de capital robustas.

Métrica financeira	Quantia
Total de ativos	US $ 152,1 bilhões
Índice de capital de camada 1	14.2%
Equidade total dos acionistas	US $ 24,3 bilhões
Dinheiro e devido dos bancos	US $ 5,6 bilhões

Northern Trust Corporation (NTRS) - Modelo de Negócios: Proposições de Valor

Soluções abrangentes de gerenciamento de patrimônio

Northern Trust fornece serviços de gerenciamento de patrimônio com US $ 1,4 trilhão em ativos de gerenciamento de patrimônio a partir do quarto trimestre 2023. A empresa oferece serviços especializados direcionados a indivíduos e clientes institucionais de alta linha-altura.

Categoria de serviço	Ativos sob gestão	Segmento de cliente
Gerenciamento de patrimônio privado	US $ 376 bilhões	Indivíduos de alta rede
Serviços institucionais de riqueza	US $ 1,024 trilhão	Fundos de pensão, doações

Serviços personalizados de clientes de alto patrimônio líquido

Northern Trust fornece soluções financeiras personalizadas com US $ 1,2 trilhão no total de ativos de clientes e em um tamanho médio de portfólio de clientes de US $ 25 milhões.

• Estratégias de investimento personalizado
• Serviços de escritório de família
• Planejamento de transferência de riqueza geracional

Plataformas avançadas de bancos digitais e investimentos

Os investimentos em plataforma digital totalizaram US $ 392 milhões Em 2023, apoiar a infraestrutura tecnológica avançada.

Serviço digital	Taxa de adoção do usuário	Volume de transação
Bancos online	87%	3,2 milhões de transações mensais
Plataforma de investimento móvel	72%	1,8 milhão de interações mensais

Capacidades globais de investimento e ativo de ativos

Northern Trust gerencia US $ 12,2 trilhões em ativos globais com presença em 20 países.

• Serviços de investimento transfronteiriço
• Soluções de custódia global
• Administração de Fundos Internacionais

Conselho financeiro confiável e gerenciamento de riscos

Serviços de gerenciamento de riscos cobrem US $ 8,7 trilhões em ativos institucionais com 99.6% Taxa de retenção de clientes.

Serviço de gerenciamento de riscos	Cobertura	Satisfação do cliente
Análise de risco de investimento	US $ 5,3 trilhões	96%
Gerenciamento de riscos de conformidade	US $ 3,4 trilhões	98%

Northern Trust Corporation (NTRS) - Modelo de Negócios: Relacionamentos do Cliente

Equipes de gerenciamento de relacionamento dedicadas

A Northern Trust emprega 20.724 funcionários em período integral a partir do quarto trimestre de 2023, com aproximadamente 1.500 gerentes de relacionamento com gestão de patrimônio dedicados. O portfólio médio de clientes gerenciado por gerente de relacionamento é de US $ 287 milhões.

Segmento de gerenciamento de relacionamento	Número de profissionais	Valor médio do portfólio de clientes
Gestão de patrimônio	1,500	US $ 287 milhões
Corporativo & Serviços institucionais	850	US $ 612 milhões

Serviços de Consultoria Financeira Personalizada

A Northern Trust fornece serviços de consultoria especializados em vários segmentos com abordagem direcionada.

• Segmento individual de patrimônio líquido de alto patrimônio líquido (HNWI): tamanho médio da conta de US $ 25,3 milhões
• Serviços de escritório da família: Gerenciando US $ 78,4 bilhões em riqueza total da família
• Soluções de investimento personalizadas para 97,6% dos clientes institucionais

Plataformas de autoatendimento digital

Métricas de engajamento digital para a Northern Trust em 2023:

Métrica da plataforma digital	Valor
Usuários ativos online	287,000
Downloads de aplicativos móveis	124,500
Volume de transação digital	US $ 42,6 bilhões

Revisões regulares de desempenho do cliente

Frequência e engajamento de revisão do cliente:

• Revisões trimestrais de desempenho para 89% dos clientes institucionais
• Revisões semestrais para clientes de gerenciamento de patrimônio
• Rastreamento de desempenho em tempo real para 76% das carteiras de investimento

Desenvolvimento de estratégia de investimento personalizado

Métricas de personalização da estratégia de investimento:

Tipo de estratégia	Clientes atendidos	Nível médio de personalização
Investidores institucionais	1,247	92% de estratégias personalizadas
Gestão de patrimônio	8,600	85% de abordagens personalizadas

Northern Trust Corporation (NTRS) - Modelo de Negócios: Canais

Plataformas bancárias digitais online

A plataforma bancária digital do Northern Trust atende 1.321 clientes institucionais a partir do quarto trimestre 2023. A plataforma processa aproximadamente US $ 12,4 trilhões em ativos sob gerenciamento por meio de canais digitais. O volume de transações digitais aumentou 17,3% em 2023.

Métricas de plataforma digital	2023 dados
Total de usuários digitais	8.742 clientes corporativos
Valor anual da transação digital	US $ 14,6 trilhões
Investimento de segurança da plataforma digital	US $ 87,3 milhões

Aplicativos bancários móveis

O aplicativo móvel da Northern Trust suporta 672 clientes institucionais com protocolos de segurança avançados. A plataforma móvel lida com US $ 3,2 trilhões em transações trimestrais de ativos.

• Taxa de download de aplicativos móveis: crescimento de 24% ano a ano
• Investimento de segurança para transações móveis: US $ 42,6 milhões em 2023
• Camadas de autenticação de usuário da plataforma móvel: verificação biométrica de 3 fatores

Gerenciamento de relacionamento direto

A Northern Trust mantém 1.246 gerentes de relacionamento dedicados que atendem a clientes institucionais globais. Possui de relacionamento médio do cliente: 8,7 anos.

Métricas de gerenciamento de relacionamento	2023 Estatísticas
Gerentes totais de relacionamento	1.246 profissionais
Tamanho médio do portfólio de clientes	US $ 687 milhões
Taxa anual de retenção de clientes	94.3%

Centros de atendimento ao cliente corporativo

A Northern Trust opera 7 centros de serviços globais que suportam operações institucionais de clientes institucionais 24/7. Pessoal Total Service Center: 3.412 profissionais especializados.

• Global Service Center Localizações: Chicago, Londres, Dublin, Frankfurt, Cingapura, Hong Kong, Bangalore
• Tempo médio de resposta: 12 minutos
• Investimento anual de tecnologia do centro de serviço: US $ 63,4 milhões

Rede de Consultores Financeiros

A rede de consultores financeiros da Northern Trust compreende 876 profissionais certificados que gerenciam US $ 428 bilhões em ativos de clientes.

Métricas de Rede de Advisor Financeiro	2023 dados
Total de consultores financeiros	876 profissionais
Ativos sob consultoria	US $ 428 bilhões
Patrimônio líquido médio do cliente	US $ 24,3 milhões

Northern Trust Corporation (NTRS) - Modelo de negócios: segmentos de clientes

Indivíduos de alta rede

A Northern Trust atende indivíduos de alta rede com ativos, totalizando US $ 389,4 bilhões em gerenciamento de patrimônio pessoal a partir do quarto trimestre de 2023.

Métricas de segmento de clientes	Valor
Tamanho médio do portfólio de clientes	US $ 12,5 milhões
Total de ativos de clientes de alto patrimônio líquido	US $ 389,4 bilhões
Porcentagem do total de ativos do cliente	26.3%

Investidores institucionais

A Northern Trust gerencia US $ 1,4 trilhão em ativos de investimento institucional.

• Base de clientes institucionais em 45 países
• Ativos sob custódia: US $ 14,9 trilhões
• Ativos sob gestão: US $ 1,4 trilhão

Corporações e negócios

O segmento de clientes corporativos representa US $ 3,2 trilhões em serviços bancários corporativos globais.

Métricas bancárias corporativas	Valor
Total de ativos de clientes corporativos	US $ 3,2 trilhões
Número de clientes corporativos	7,500+
Presença bancária corporativa global	28 países

Fundos de pensão e doações

A Northern Trust gerencia US $ 642 bilhões em ativos de pensão e doação.

• Total de ativos do fundo de pensão: US $ 412 bilhões
• Total de ativos de doação: US $ 230 bilhões
• Número de clientes institucionais de pensão: 1.200+

Clientes internacionais ricos

O segmento internacional de gerenciamento de patrimônio gera US $ 186,5 bilhões em ativos.

Métricas internacionais de clientes	Valor
Ativos internacionais de gestão de patrimônio	US $ 186,5 bilhões
Número de países servidos	50+
Porcentagem de receita internacional	22.7%

Northern Trust Corporation (NTRS) - Modelo de negócios: estrutura de custos

Investimentos de infraestrutura de tecnologia

Os investimentos em infraestrutura tecnológica da Northern Trust para 2023 totalizaram US $ 387,5 milhões. Os gastos com tecnologia anual representaram 16,2% do total de despesas operacionais.

Categoria de investimento em tecnologia	Despesas ($ M)
Infraestrutura de computação em nuvem	124.3
Sistemas de segurança cibernética	93.7
Desenvolvimento da plataforma digital	86.5
Ferramentas de análise de dados	83.0

Compensação e treinamento de funcionários

A compensação total dos funcionários para 2023 foi de US $ 1,42 bilhão, representando 41,3% do total de despesas operacionais.

• Investimento médio de treinamento dos funcionários por equipe: US $ 4.750
• Orçamento de desenvolvimento profissional: US $ 62,3 milhões
• Força de trabalho total: 22.370 funcionários

Despesas de conformidade regulatória

Os custos de conformidade regulatória da Northern Trust em 2023 atingiram US $ 215,6 milhões.

Área de conformidade	Despesas ($ M)
Relatórios legais e regulatórios	89.4
Sistemas de gerenciamento de riscos	72.5
Auditoria e controles internos	53.7

Manutenção da plataforma digital

As despesas de manutenção da plataforma digital totalizaram US $ 156,2 milhões em 2023.

• Custos de licenciamento de software: US $ 47,3 milhões
• Investimentos de atualização da plataforma: US $ 68,9 milhões
• Despesas de suporte técnico: US $ 39,0 milhões

Organização operacional global

A sobrecarga operacional global para a Northern Trust em 2023 foi de US $ 512,7 milhões.

Categoria de despesa operacional	Despesas ($ M)
Gerenciamento de instalações	187.6
Operações globais de escritório	156.3
Viagens e comunicação	84.5
Custos operacionais internacionais	84.3

Northern Trust Corporation (NTRS) - Modelo de negócios: fluxos de receita

Taxas de gerenciamento de ativos

A Northern Trust registrou US $ 4,4 bilhões em taxas de gerenciamento de ativos para o ano fiscal de 2022. A empresa gerencia aproximadamente US $ 1,5 trilhão em ativos sob gestão (AUM).

Classe de ativos	Receita de taxas
Investimentos institucionais	US $ 2,7 bilhões
Investimentos de gestão de patrimônio	US $ 1,7 bilhão

Serviços de consultoria de investimentos

As receitas de serviços de consultoria de investimentos totalizaram US $ 1,2 bilhão em 2022, com foco em:

• Gerenciamento abrangente de portfólio
• Serviços de avaliação de risco
• Consultoria de Investimento Estratégico

Taxas de processamento de transações

As taxas de processamento de transações geraram US $ 892 milhões em receita para 2022, divididos da seguinte forma:

Tipo de transação	Receita
Negociação de valores mobiliários	US $ 453 milhões
Transações de câmbio	US $ 279 milhões
Serviços de limpeza	US $ 160 milhões

Cobranças de gestão de patrimônio

A receita de gerenciamento de patrimônio atingiu US $ 1,6 bilhão em 2022, com os principais segmentos, incluindo:

• Serviços individuais de alta rede
• Gerenciamento de escritórios da família
• Aviso de planejamento da aposentadoria

Receita de serviços bancários corporativos

Os serviços bancários corporativos geraram US $ 1,1 bilhão em receita para 2022, com fontes de receita primária:

Categoria de serviço	Receita
Serviços de confiança corporativa	US $ 512 milhões
Serviços bancários globais	US $ 388 milhões
Administração de custódia e fundo	US $ 200 milhões

Northern Trust Corporation (NTRS) - Canvas Business Model: Value Propositions

You're looking at the core reasons clients choose Northern Trust Corporation, and honestly, the numbers back up their claims of stability and sophistication.

Integrated, holistic 'One Northern Trust' platform for institutions and families

The firm is executing on its One Northern Trust strategy, which aims to seamlessly connect its Asset Servicing and Wealth Management capabilities for clients. As of September 30, 2025, Northern Trust Corporation reported total assets under custody/administration of US$18.2 trillion. The Wealth Management segment, serving affluent families, held $492.6 billion in assets under management as of that same date. Trust, investment, and other servicing fees from this segment reached $558.6 million in the third quarter of 2025.

Fiduciary standard of care and risk management for complex assets

Northern Trust earns client trust by staying true to its steadfast fiduciary heritage. The Asset Servicing business specifically responds to growing complexity with patented technology and customized financial solutions. Asset owners are prioritizing risk management, with 60% reporting liquidity has become more important in the past year. The firm's approach applies an intentional focus on managing and capitalizing on risk.

Bespoke Global Family Office (GFO) solutions for ultra-high-net-worth clients

Northern Trust Wealth Management serves 30 percent of the Forbes 400 list of wealthiest Americans. The Global Family and Private Investment Offices (GFO) practice has been serving family offices for more than 40 years. GFO delivered strong organic growth, with revenue growing 8% in the first half of 2025. International revenue within GFO grew at over 20% in that same period, making up nearly 15% of total GFO revenue. The firm launched Family Office Solutions to bring institutional-grade capabilities to ultra-high-net-worth families who may not want a standalone office.

Scale and stability as a preeminent global financial institution

The institution's longevity and size provide a bedrock of stability. Founded in 1889, Northern Trust has a global footprint across 24 U.S. states and 22 international locations. The firm maintained a robust capital position with $12.0 billion in Tier 1 capital as of Q3 2025. You can see the scale in the recent performance metrics:

Metric (Q3 2025)	Amount
Total Assets Under Custody/Administration (AUC/A)	US$18.2 trillion
Total Assets Under Management (AUM)	US$1.8 trillion
Net Income	$457.6 million
Earnings Per Diluted Common Share (EPS)	$2.29
Return on Equity (ROE)	14.8%
Total Revenues	$2,030.9 million

Customized financial solutions using patented technology

Northern Trust's market-leading technology helps deliver sharper insights and personalized experiences. The firm was recognized for its proprietary technology designed specifically for family offices. This technology underpins its pioneering Goals Driven Wealth Management approach via the Goals Powered Solutions platform. For the third consecutive year, Northern Trust won "Best Private Bank in the U.S. for Digital Wealth Planning". The Asset Servicing business leverages patented technology for its solutions.

• Technology adoption is a focus for asset owners, with 79% increasing technology use to improve operations.
• 51% of asset owners plan to increase technology spending in portfolio analytics.
• Northern Trust's enhanced money movement solution integrates into family office daily operations.

Finance: draft 13-week cash view by Friday.

Northern Trust Corporation (NTRS) - Canvas Business Model: Customer Relationships

You're looking at how Northern Trust Corporation (NTRS) structures its direct interactions with clients, which is central to its high-net-worth and institutional service model. This is definitely relationship-driven, built on a fiduciary foundation.

Dedicated, high-touch relationship management for institutional clients is supported by the sheer scale of assets they oversee. As of September 30, 2025, Northern Trust Corporation had US$18.2 trillion in assets under custody/administration (AUC/A).

For personalized wealth advice, the structure involves specialized personnel. The Wealth Management business, which serves high-net-worth individuals and families, held $492.6 billion in assets under management (AUM) as of September 30, 2025. The investment platform serving these private clients is overseen by a national team of more than 200 portfolio managers.

Long-term, consultative partnerships are underpinned by the firm's heritage. Northern Trust has over 135 years of service to its clients. Trust, Investment and Other Servicing Fees for Wealth Management clients were $539.3 million in the third quarter of 2025.

Digital self-service and reporting are integrated alongside the human touch. The firm has received recognition as "Best Private Bank in the U.S. for Digital Wealth Planning" and "Best Private Bank in the U.S. for Digital Customer Experience" in 2025.

The overall service structure supports a global client base. Northern Trust Corporation employs more than 23,000 individuals across offices in 24 U.S. states and Washington, D.C., and 22 international locations as of mid-2025.

Here's a quick look at the scale of assets driving these relationships as of September 30, 2025:

Relationship Metric	Amount (as of September 30, 2025)
Total Assets Under Custody/Administration (AUC/A)	US$18.2 trillion
Total Assets Under Custody (AUC)	$14.43 trillion
Total Assets Under Management (AUM)	US$1.8 trillion
Wealth Management AUM	$492.6 billion
Wealth Management Servicing Fees (Q3 2025)	$539.3 million

The firm's approach to client service is evidenced by its operational structure and focus areas:

• Global presence includes offices across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region.
• The Wealth Management pre-tax margin was flat at 37.2% in the second quarter of 2025.
• The firm is recognized for its depth of expertise, having been named one of Fortune Magazine's "World's Most Admired Companies" in 2024.
• Client relationships are managed under a steadfast fiduciary heritage.
• The firm's strategy is centered on being the client's most trusted financial partner.

If onboarding for new, complex relationships takes longer than expected, client satisfaction scores could dip, so maintaining the efficiency of those 200+ portfolio managers is key.

Northern Trust Corporation (NTRS) - Canvas Business Model: Channels

The channels Northern Trust Corporation uses to reach its diverse client base-corporations, institutions, affluent families, and individuals-are a mix of high-touch personal service and sophisticated digital delivery.

Direct sales and relationship teams globally are central to the Wealth Management and Family Office segments. Northern Trust Wealth Management offers holistic services, including the recently launched Family Office Solutions, specifically designed for ultra-high-net-worth families with over $100 million in net worth. The investment engine supporting these private clients is led by a national team of more than 200 portfolio managers as of late 2025. The Asset Servicing segment also relies on relationship teams to serve institutional clients like corporate and public retirement funds, foundations, endowments, and sovereign wealth funds globally.

Physical offices in major financial centers (e.g., Chicago headquarters) anchor the global network. The head office remains at 50 S La Salle St, Chicago, Illinois, 60603. As of late 2024/early 2025, Northern Trust maintained a presence across 24 U.S. states and Washington, D.C., alongside 22 international locations across Canada, Europe, the Middle East, and the Asia-Pacific region. For instance, the Arizona offices house the fourth largest number of Northern Trust staff in the U.S.

Proprietary digital platforms for asset servicing and wealth reporting are a key differentiator. Northern Trust was recognized in 2025 for its proprietary technology, winning "Best Private Bank in the U.S. for Digital Customer Experience." This is underpinned by the transformed Goals Powered Solutions platform, which enables the wealthiest private clients to transact, analyze, and monitor investment performance in real time. The platform for investment and operations teams includes features such as:

• 40+ configurable reports.
• Accessible Excel plug-ins for data export.
• Support for tracking quantitative and qualitative time series data.
• Customizable views for due diligence processes.

Furthermore, Northern Trust is actively building a product store for digital assets, aiming to offer capabilities across asset classes as the regulatory environment evolves.

Investment management products distributed through sponsored funds and ETFs form a significant channel for the Asset Management business. As of June 30, 2025, Northern Trust Asset Management was entrusted with $1.3 trillion in assets under management. Distribution occurs through various vehicles, including separately managed accounts, bank common and collective funds, and ETFs. In August 2025, Northern Trust launched 11 new ETFs under the new Northern Trust ETFs brand. As of that date, the brand had 8 ETFs traded in U.S. markets, gathering total assets under management of $66.81M, with an average expense ratio of 0.16%.

The scale of assets flowing through these channels is substantial, reflecting the reach of Northern Trust Corporation's service delivery:

Metric	Value as of Latest Date	Date/Period End
Assets under Custody/Administration (AUC/A)	$18,068.3 billion	June 30, 2025
Assets under Management (AUM)	$1,697.7 billion	June 30, 2025
Wealth Management AUM	$469 billion	September 30, 2025
Asset Servicing AUC/A	$16.9 trillion	Q2 2025
Q2 2025 Net Income	$421.3 million	Q2 2025

The Investor relations website for public disclosures and earnings calls serves as the primary digital channel for communicating with public shareholders and analysts. For example, the Q2 2025 earnings call provided updates on key metrics, such as reporting diluted Earnings per Share of $2.13 and a Return on Average Common Equity of 14.2% for the quarter. The website facilitates access to filings, including the Proxy Statement for the 2025 Annual Meeting of Stockholders, which noted 195,697,744 shares of common stock outstanding as of January 31, 2025.

Northern Trust Corporation (NTRS) - Canvas Business Model: Customer Segments

You're looking at the core client base for Northern Trust Corporation as of late 2025, broken down by the two primary operating segments: Asset Servicing and Wealth Management.

The total client asset base across the firm as of September 30, 2025, stood at US$18.2 trillion in Assets Under Custody/Administration (AUC/A) and US$1.8 trillion in Assets Under Management (AUM).

Large institutional investors (pension funds, endowments, sovereign wealth funds)

These clients primarily fall under the Asset Servicing segment. As of June 30, 2025, the Asset Servicing segment held $13,056.5 billion in AUC/A. Trust, Investment and Other Servicing Fees for this segment totaled $691.8 million in the second quarter of 2025.

Ultra-High-Net-Worth (UHNW) individuals and families

These clients are the focus of the Wealth Management segment. As of September 30, 2025, Northern Trust Wealth Management reported $492.6 billion in assets under management. Trust, Investment and Other Servicing Fees for Wealth Management clients were $539.3 million in the second quarter of 2025.

Global Family Offices (GFOs) and privately-held businesses

These groups are served by the Wealth Management business. A survey of Northern Trust's business owner clients conducted in the third quarter of 2024 revealed that respondents were considering large-scale changes in 2025, with plans including evaluating new areas to grow their business (30% of younger respondents) or acquiring a new business (28% of younger respondents). The survey itself involved 123 business owners.

Fund managers and insurance companies requiring asset servicing

These institutional clients are key users of the Asset Servicing segment. The Asset Servicing segment's Assets Under Management (AUM) were $1.2 trillion as of June 30, 2025. Investment management fees within Asset Servicing were $157 million in Q2 2025.

Corporate and public retirement funds

These funds are explicitly mentioned as clients of the Asset Servicing segment. The Asset Servicing segment's AUC/A was $13,056.5 billion at the end of Q2 2025.

Here's a quick look at the asset scale by segment as of mid-2025:

Segment	Client Asset Metric	Amount (as of latest report)
Asset Servicing	Assets Under Custody/Administration (AUC/A)	$13,056.5 billion (June 30, 2025)
Asset Servicing	Assets Under Management (AUM)	$1.2 trillion (June 30, 2025)
Wealth Management	Assets Under Management (AUM)	$492.6 billion (September 30, 2025)

The Wealth Management business employs a national team of more than 200 portfolio managers to serve its private clients.

The firm has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations internationally as of late 2025.

• Large institutional investors surveyed by Northern Trust in their 2025 peer study had portfolios ranging from $1 billion to over $500 billion.
• 86% of surveyed asset owners invest in private markets.
• 68% of surveyed asset owners invest in hedge funds, absolute return investments, and other diversifiers.

Northern Trust Corporation (NTRS) - Canvas Business Model: Cost Structure

You're looking at the core expenses that drive Northern Trust Corporation's operations as of late 2025. Honestly, for a firm this size, the cost structure is dominated by people and technology, which is typical for a global financial services provider.

Significant personnel and compensation expenses for global staff form the largest component of noninterest expense. Employee Benefits, which is a proxy for compensation and related costs, was reported at $644.4 million for the first quarter of 2025. This figure reflects the cost of maintaining a global staff across its offices in 24 U.S. states and 22 international locations. The company is focused on expense discipline; for instance, in Q1 2025, Noninterest Expense was $1,417.6 million, up only 4% year-over-year, even as trust fees grew mid-single digits.

High investment in technology is a non-negotiable cost. For the first quarter of 2025, Northern Trust Corporation reported Equipment and Software expenses of $280.9 million. While the specific year-over-year increase of 11% mentioned in your outline isn't explicitly confirmed in the latest filings, the absolute spend shows technology remains a major outlay. This supports their global platforms for asset servicing and wealth management.

Regulatory compliance and risk management costs are embedded within general operating expenses and specific charges. For the nine months ending September 30, 2025, Other Operating Expense decreased partly because the prior-year period included a $14.7 million expense related to the FDIC special assessment, which is a direct regulatory cost. Outside Services, another component of operating costs, stood at $109.7 million in Q1 2025.

General operating expenses for a global office footprint cover everything from occupancy to professional services. Total Noninterest Expense for Q3 2025 was $1,422.9 million, representing a 5% increase compared to Q3 2024. This covers the cost of maintaining that global presence. Here's the quick math: the expense-to-trust fee ratio was 115% in Q1 2025, showing they are working toward their long-term goal of 105-110%.

Interest expense on deposits and borrowings is a significant variable cost, tied directly to the interest rate environment and the firm's funding mix. For the first quarter of 2025, Northern Trust Corporation reported total Interest Expense of $2,146.5 million. That was down 8% from the fourth quarter of 2024 and down 12% from the first quarter of 2024, reflecting lower funding costs that quarter. As of Q2 2025, Total Interest-Bearing Liabilities were $122,575.2 million.

You can see the key expense components from the first quarter of 2025 below. What this estimate hides is the exact split between compliance staff salaries versus general administrative staff, but the categories give you the main buckets.

Expense Category (Q1 2025, $ in Millions)	Amount	Y/Y Change (vs Q1 2024)
Total Noninterest Expense	1,417.6	4% increase
Employee Benefits	644.4	8% increase
Equipment and Software	280.9	Data not specified in search
Outside Services	109.7	Data not specified in search
Total Interest Expense (Q1 2025)	2,146.5	(12)% decrease

The firm is definitely managing these costs actively. Finance: draft 13-week cash view by Friday.

Northern Trust Corporation (NTRS) - Canvas Business Model: Revenue Streams

You're looking at how Northern Trust Corporation brings in its money, which is heavily weighted toward fees for managing and safeguarding assets. The revenue streams are quite clear, built on servicing clients across Asset Servicing and Wealth Management.

The largest component remains the fees derived from client assets. For the third quarter of 2025, Total Consolidated Trust, Investment and Other Servicing Fees hit $1,265.5 million. This is a critical, sticky revenue source, directly tied to market performance and asset retention.

Banking activities provide a solid floor for earnings through interest income. Net Interest Income (NII), calculated on a fully taxable equivalent (FTE) basis, was reported at $596.3 million for Q3 2025. This figure reflected a sequential decline of 3% from Q2 2025 as deposits normalized, but it was still up 5% compared to Q3 2024 on an FTE basis.

Capital markets activities contribute meaningfully, especially given the firm's strategic focus on these areas. Specifically, Foreign Exchange (FX) trading income for Q3 2025 was $57.2 million. This was up 6% year-over-year, showing momentum in currency management services.

Here's a breakdown of the key fee-based revenue drivers for the third quarter of 2025:

Revenue Component	Q3 2025 Amount (Millions USD)	Year-over-Year Change
Total Consolidated Trust, Investment and Other Servicing Fees	$1,265.5	6%
Asset Servicing Investment Management Fees	$159.6	Not explicitly stated, but Asset Servicing Fees were up 6%
Wealth Management Trust, Investment and Other Servicing Fees	$558.6	5%
Foreign Exchange Trading Income	$57.2	6%
Security Commissions and Trading Income	$41.8	18%

The fees tied to Assets Under Management (AUM) are segmented across the two main operating units. You can see the direct link between client assets and fee generation in the components of the total servicing fees. The Asset Servicing segment saw its Investment Management fees reach $159.6 million. Meanwhile, the Wealth Management side generated $558.6 million in its Trust, Investment and Other Servicing Fees.

When you look at the capital markets area, the growth in commissions is notable. Management highlighted stronger capital markets activities, which included both FX trading income and other components. Security Commissions and Trading Income specifically grew 18% year-over-year, reaching $41.8 million in the quarter. This success is attributed to new client wins in outsourced trading and currency management services.

The revenue streams also include:

• Custody and fund administration fees within Asset Servicing, totaling $482.7 million in Q3 2025.
• Securities lending revenue, which is a component of the capital markets strength mentioned.
• Other Noninterest Income, which was $169.1 million in Q3 2025.

As of September 30, 2025, Northern Trust Corporation reported $1.8 trillion in total Assets Under Management (AUM), which underpins the advisory fee structure. The Asset Servicing AUM was $1.2801 trillion, and Wealth Management AUM was $493 billion (or $0.493 trillion) at quarter end.

Finance: draft a sensitivity analysis on the $1,265.5 million fee revenue to a 5% market downturn by next Tuesday.