Northern Trust Co. announced Thursday that it has established a wealth advisory group to focus on the financial needs specific to individuals and families with investable assets of more than $25 million, and it named Alan W. Robertson to lead the group.
Mr. Robertson, a senior vice president, was appointed managing director of the group, a newly created post that reports to William L. Morrison, the president of personal financial services at the Chicago banking company. Mr. Robertson, who led the product management and marketing groups in Northern Trust Global Investments, is responsible for positioning the new group.
It is to serve wealthy investors who desire investment programs using multiple money managers and investment guidance from a professional adviser. Clients also are to get consolidated reporting of all assets and custody of those assets, as well as access to financial planning, private banking, and trust and estate services provided by a dedicated wealth adviser who will coordinate the work of the client's entire financial services team.
Clients of the wealth advisory group work with a single point of contact - the wealth adviser, who is knowledgeable of investment consulting, trust and estate planning, and charitable giving, the company said.
