Northern Trust Asset Management Delivers Direct Indexing Solution on Envestnet Platform
MWN-AI** Summary
Northern Trust Asset Management has announced the launch of its institutional-grade tax-managed direct indexing solution on the Envestnet platform, a move aimed at enhancing the portfolio customization capabilities for financial advisors serving ultra-high-net-worth clients. With over $1.4 trillion in assets under management, Northern Trust Asset Management brings more than 35 years of expertise in tax-aware portfolio management, empowering advisors to blend various equity investment strategies, apply quantitative factor tilts, and select exclusions that align with client values.
The direct indexing solution emphasizes tax management, which is crucial for effective portfolio returns, enabling advisors to focus on delivering after-tax performance for their clients. Suzanne Casey and Sunitha Thomas, Co-Heads of the Wealth Client Group at Northern Trust Asset Management, underscored that this partnership will allow for large-scale personalization of portfolios while factoring in tax implications, thus enhancing the service provided to clients.
Dana D’Auria, Co-CIO and Group President of Envestnet Solutions, highlighted the alignment between Northern Trust Asset Management’s offerings and Envestnet’s dedication to meeting the evolving needs of advisors and their clients. The direct indexing solution can significantly enhance the value proposition for financial advisors, allowing for more tailored and tax-effective investment strategies.
As a leading provider of tax-managed investments, Northern Trust Asset Management manages approximately $149 billion in direct indexing assets as of September 30, 2025. This initiative not only reflects Northern Trust's commitment to sophisticated investment strategies but also their integral role in optimizing client portfolios in a rapidly changing market landscape. This partnership with Envestnet represents a significant step in leveraging technology and expertise to meet the complex financial goals of ultra-high-net-worth investors.
MWN-AI** Analysis
The recent partnership between Northern Trust Asset Management and Envestnet introduces an innovative solution for financial advisors managing ultra-high-net-worth portfolios. Northern Trust's tax-managed direct indexing solution, now accessible via the Envestnet platform, enhances the landscape for wealth management, offering tools that can significantly improve after-tax returns.
As financial markets grow increasingly dynamic, the capacity for customization remains paramount. Northern Trust's offering allows advisors to create personalized portfolios that reflect client-specific values and preferences. This is a strategic move at a time when personalization is critical to client satisfaction and retention.
Investors with significant taxable events must recognize the importance of tax-efficient investing strategies. Northern Trust's institutional-quality solution, backed by over 35 years of expertise, positions financial advisors to effectively blend indices and implement factor tilts, thus optimizing portfolio performance while adhering to the complexities of tax management. As noted by Dana D’Auria of Envestnet, this empowers advisors to infuse client portfolios with tax-smart approaches that resonate long-term value.
Furthermore, with Northern Trust managing a significant $149 billion in direct indexing assets as of September 30, 2025, it demonstrates robust credibility in the tax-managed investment space. This partnership signals a market trend focusing on technology-driven, customizable investment strategies, catering to the nuanced needs of ultra-high-net-worth individuals.
For financial advisors, leveraging this solution could yield a substantial competitive edge in the market. However, it’s essential to remain aware of the varying tax implications based on clients' individual circumstances. Engaging a tax advisor is highly advisable to navigate these complexities. As this space evolves, staying informed and proactive will be key to successfully advising clients and meeting their wealth management goals.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Financial Advisors Relying on Envestnet can now Access Northern Trust Asset Management’s Institutional-Level Solution for Customizing Ultra-High-Net-Worth Portfolios with Tax Management
Northern Trust Asset Management , a leading global investment management firm with $1.4 trillion in assets under management as of September 30, 2025, announced today it will make its institutional-quality, tax-managed direct indexing solution available via Envestnet , a leader in Adaptive WealthTech for financial advisors.
Financial advisors utilizing the Envestnet platform will now have access to Northern Trust Asset Management’s more than 35 years of expertise in customizing tax-aware portfolios for the ultra-high-net-worth market. Northern Trust Asset Management’s direct indexing solution offers a diverse lineup of equity investment strategies, giving advisors the ability to seamlessly blend indices, incorporate quantitative factor tilts, and select exclusions to reflect client values and preferences.
“By offering our direct indexing capabilities on the Envestnet platform, we will empower more financial advisors to personalize portfolios at scale while taking their clients’ taxes into consideration,” said Suzanne Casey and Sunitha Thomas , Co-Heads of the Wealth Client Group, Northern Trust Asset Management . “Tax management is key to effective portfolio management, which is why our innovative direct indexing technology is built to help financial advisors deliver after-tax returns to their clients. The partnership with Envestnet reflects our commitment to helping investors achieve their goals, by using sophisticated strategies and tools to adapt to evolving market conditions.”
“Northern Trust Asset Management shares our dedication to providing financial advisors with the insights and resources they need to meet the evolving, complex needs of ultra-high-net-worth clients,” said Dana D’Auria, Co-CIO and Group President of Envestnet Solutions at Envestnet . “Its institutional-level direct indexing solution gives advisors the power to seamlessly infuse client portfolios with tax-smart approaches which can demonstrate significant value over the long term.”
Northern Trust Asset Management is a top three 1 provider of custom tax-managed investments, with $149 billion assets under management in direct indexing as of September 30, 2025.
This information is general in nature and should not be construed as tax advice. Please consult a tax advisor or professional as to how this information may affect your particular circumstance.
About Northern Trust Asset Management
Northern Trust Asset Management is a global investment manager that helps investors navigate changing market environments in efforts to realize their long-term objectives. Entrusted with $1.4 trillion in assets under management as of September 30, 2025, we understand that investing ultimately serves a greater purpose and believe investors should be compensated for the risks they take — in all market environments and any investment strategy. That’s why we combine robust capital markets research, expert portfolio construction and comprehensive risk management in an effort to craft innovative and efficient solutions that seek to deliver targeted investment outcomes. As engaged contributors to our communities, we consider it a great privilege to serve our investors and our communities with integrity, respect and transparency.
Northern Trust Asset Management is composed of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Fund Managers (Ireland) Limited, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc., 50 South Capital Advisors, LLC, Northern Trust Asset Management Australia Pty Ltd, and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of September 30, 2025, Northern Trust had assets under custody/administration of US$18.2 trillion, and assets under management of US$1.8 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com . Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn .
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions .
The publisher’s sale of this reprint does not constitute or imply any endorsement or sponsorship of any product, service or organization.
Northern Trust and Envestnet are separate and unaffiliated firms. This material should not be construed as a recommendation or endorsement of any particular product, service, individual or firm.
___________________________________ 1 Direct Indexing ranking based on AUM as of June 30, 2025 from The Cerulli Edge: U.S. Managed Accounts Edition, 3Q2025 published September 2025. |
View source version on businesswire.com: https://www.businesswire.com/news/home/20260106986006/en/
Media Contact:
Joanne Zalatoris
+1 (312) 900-3462
Joanne.zalatoris@ntrs.com
FAQ**
How does Northern Trust Corporation NTRS plan to leverage its $149 billion in direct indexing assets to enhance tax management for ultra-high-net-worth portfolios through its partnership with Envestnet?
What competitive advantages does Northern Trust Corporation NTRS offer in the direct indexing market compared to other firms, considering its longstanding expertise and recent collaboration with Envestnet?
In what ways will Northern Trust Corporation NTRS utilize its robust capital markets research to optimize after-tax returns for clients using their institutional-level direct indexing solutions on the Envestnet platform?
What specific strategies does Northern Trust Corporation NTRS employ to ensure that their direct indexing solution meets the evolving needs of ultra-high-net-worth clients, as highlighted in their partnership with Envestnet?
**MWN-AI FAQ is based on asking OpenAI questions about Northern Trust Corporation (NASDAQ: NTRS).
NASDAQ: NTRS
NTRS Trading
1.87% G/L:
$137.93 Last:
281,929 Volume:
$139.21 Open:
