# Northern Trust Securities, Inc

> Northern Trust Securities, Inc is an SEC-registered investment advisory firm in Chicago, IL, registered since 2015, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated July 17, 2026.

- CRD: 7927
- Filed as: NORTHERN TRUST SECURITIES, INC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: July 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/7927
- AdvisorCensus page: https://advisorcensus.com/firm/northern-trust-securities-inc-chicago-il-7927

## Quick answers

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

**Where is Northern Trust Securities, Inc located?**
Northern Trust Securities, Inc's principal office is in Chicago, IL, according to its Form ADV; the August 2026 filing also lists 27 other offices (Schedule D, Section 1.F).

**Is Northern Trust Securities, Inc registered with the SEC or a state?**
Northern Trust Securities, Inc is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 7927.

**How much does Northern Trust Securities, Inc manage?**
Northern Trust Securities, Inc reports $1,662,427,504 in regulatory assets under management in its Form ADV filing dated July 17, 2026 (100% discretionary).

**How have Northern Trust Securities, Inc's assets and staff changed since 2021?**
In the Form ADV data for Northern Trust Securities, Inc: Regulatory assets under management: $619,717,281 in the October 2021 data and $1,662,427,504 in the October 2026 data, up 168%. Total employees: 68 in October 2021 and 385 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Northern Trust Securities, Inc serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (1,406); individuals (other than high net worth individuals) (618); corporations or other businesses not listed above (14).

**Which custodians does Northern Trust Securities, Inc use?**
Northern Trust Securities, Inc's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Northern Trust Securities, Inc report any disciplinary disclosures?**
Reports 3 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), 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/7927

**What changed in Northern Trust Securities, Inc's recent Form ADV filings?**
In the August 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)

### Custodians (Schedule D, Section 5.K(3))
- National Financial Services LLC

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: $1,662,427,504
- Discretionary: $1,662,427,504
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 618 | $175,138,599 |
| High net worth individuals | 1,406 | $1,456,862,084 |
| Charitable organizations | 11 | $10,039,408 |
| Corporations or other businesses not listed above | 14 | $15,882,700 |
| Other | 4 | $4,504,713 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2015 (11 years)
- Employees: 385 total, 41 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, RI, SC, SD, TN, TX, UT, VA, VI, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports 3 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.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/7927

### Other offices (Schedule D, Section 1.F), as of the August 2026 filing
- Austin, TX
- Barrington, IL
- Boca Raton, FL
- Bonita Springs, FL
- Boston, MA
- Chicago, IL
- Dallas, TX
- Denver, CO
- Fort Lauderdale, FL
- Houston, TX
- Lake Forest, IL
- Los Angeles, CA
- Menlo Park, CA
- Miami, FL
- Naples, FL
- Newport Beach, CA
- North Palm Beach, FL
- Oakbrook Terrace, IL
- Phoenix, AZ
- San Diego, CA
- San Francisco, CA
- Sarasota, FL
- Scottsdale, AZ
- Tampa, FL
- Tucson, AZ
- Vero Beach, FL
- Winnetka, IL

### Websites listed on Form ADV (Item 1.I)
- northerntrust.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $619,717,281 | 68 | September 2, 2021 |
| October 2022 | $860,963,856 | 72 | September 6, 2022 |
| October 2023 | $829,504,839 | 72 | September 26, 2023 |
| October 2024 | $1,026,259,255 | 75 | June 10, 2024 |
| October 2025 | $1,276,929,981 | 76 | July 8, 2025 |
| October 2026 | $1,662,427,504 | 385 | July 17, 2026 |

Regulatory assets under management: $619,717,281 in the October 2021 data and $1,662,427,504 in the October 2026 data, up 168%.
Total employees: 68 in October 2021 and 385 in October 2026.

## Changes in the filing (last 12 months)

### August 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 62 to 41.
- Regulatory assets under management went from $1,276,929,981 to $1,662,427,504 (+30%).
- Changed its office addresses in Tucson, AZ.
- Added an office in Chicago, IL.
- Added an office in Dallas, TX.
- Added an office in Fort Lauderdale, FL.
- Added an office in Naples, FL.
- Added an office in San Diego, CA.
- 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 Securities, Inc (CRD 7927): Form ADV filing data as of October 2026.