# Northern Trust Investments, Incorporated

> Northern Trust Investments, Incorporated is an SEC-registered investment advisory firm in Chicago, IL, registered since 1988, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 15, 2026.

- CRD: 105780
- Filed as: NORTHERN TRUST INVESTMENTS, INCORPORATED
- Also doing business as: NTI, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: June 15, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/105780
- AdvisorCensus page: https://advisorcensus.com/firm/northern-trust-investments-incorporated-chicago-il-105780

## Quick answers

**How is Northern Trust Investments, Incorporated compensated?**
On its Form ADV (Item 5.E, October 2026), Northern Trust Investments, Incorporated reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Northern Trust Investments, Incorporated located?**
Northern Trust Investments, Incorporated's principal office is in Chicago, IL, according to its Form ADV; the July 2026 filing also lists 8 other offices (Schedule D, Section 1.F).

**Is Northern Trust Investments, Incorporated registered with the SEC or a state?**
Northern Trust Investments, Incorporated is an SEC-registered investment advisory firm, registered since 1988. Status as filed: Approved. CRD 105780.

**How much does Northern Trust Investments, Incorporated manage?**
Northern Trust Investments, Incorporated reports $1,245,248,223,540 in regulatory assets under management in its Form ADV filing dated June 15, 2026 (100% discretionary).

**How have Northern Trust Investments, Incorporated's assets and staff changed since 2021?**
In the Form ADV data for Northern Trust Investments, Incorporated: Regulatory assets under management: $1,026,522,462,807 in the October 2021 data and $1,245,248,223,540 in the October 2026 data, up 21%. Total employees: 615 in October 2021 and 662 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Northern Trust Investments, Incorporated serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (20,223); high net worth individuals (15,055); corporations or other businesses not listed above (3,627).

**Which custodians does Northern Trust Investments, Incorporated use?**
Northern Trust Investments, Incorporated's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists The Northern Trust Company (affiliated with the firm) as a custodian holding 10% or more of its separately managed account assets.

**Does Northern Trust Investments, Incorporated report any disciplinary disclosures?**
Reports 5 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order), 11.D(2) (another regulator's finding of a violation), 11.D(4) (another regulator's order in the past ten years), and 11.E(2) (self-regulatory organization's finding of a rule violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/105780

**What changed in Northern Trust Investments, Incorporated's recent Form ADV filings?**
In the July 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees
- Other

### Custodians (Schedule D, Section 5.K(3))
- The Northern Trust Company (affiliated with the firm)

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $1,245,248,223,540
- Discretionary: $1,245,248,223,540
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 20,223 | $8,810,144,191 |
| High net worth individuals | 15,055 | $94,545,125,671 |
| Investment companies | 104 | $294,532,798,980 |
| Pooled investment vehicles (other than investment companies and business development companies) | 237 | $509,360,651,988 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 330 | $110,575,136,788 |
| Charitable organizations | 1,347 | $38,862,786,894 |
| Insurance companies | 75 | $46,341,438,822 |
| Sovereign wealth funds and foreign official institutions | 29 | $30,319,498,722 |
| Corporations or other businesses not listed above | 3,627 | $111,900,641,484 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters
- Other

### Firm details
- Registered since: 1988 (37 years)
- Employees: 662 total, 219 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports 5 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/105780

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- Admiralty
- Amsterdam
- Dallas, TX
- Melbourne
- New York, NY
- Stamford, CT
- Tempe, AZ
- Washington, DC

### Websites listed on Form ADV (Item 1.I)
- flexshares.com
- northerntrust.com
- ntam.northerntrust.com
- ntaminvestmentinstitute.com
- treasury-management.com/companies/northern-trust-asset-management
- LinkedIn @NORTHERN-TRUST-ASSET-MANAGEMENT
- LinkedIn @flexshares
- X @NTINVEST
- YouTube @flexsharesexchangetradedfu4
- YouTube @northerntrustassetmanagement

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $1,026,522,462,807 | 615 | September 27, 2021 |
| October 2022 | $1,183,120,392,585 | 550 | June 6, 2022 |
| October 2023 | $902,656,985,580 | 726 | September 29, 2023 |
| October 2024 | $1,016,556,943,580 | 674 | July 2, 2024 |
| October 2025 | $1,114,770,223,733 | 674 | June 18, 2025 |
| October 2026 | $1,245,248,223,540 | 662 | June 15, 2026 |

Regulatory assets under management: $1,026,522,462,807 in the October 2021 data and $1,245,248,223,540 in the October 2026 data, up 21%.
Total employees: 615 in October 2021 and 662 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Updated its list of owners and control persons (Schedule A).

### June 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 200 to 219.
- Regulatory assets under management went from $1,114,770,223,733 to $1,245,248,223,540 (+12%).
- Changed its office addresses in Dallas, TX.
- Changed its office addresses in New York, NY.
- Added an office in Amsterdam.

### February 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Northern Trust Investments, Incorporated (CRD 105780): Form ADV filing data as of October 2026.