DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Northern Trust Investments, Incorporated

Asset manager (funds and pooled vehicles)Chicago, IllinoisCRD 105780SEC 801-33358websiteIAPD
Latest filing Jun 15, 2026
First filing on the tape Feb 28, 2012 · 58 filings
SEC status approved since Nov 25, 1988
RAUM
$1245B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
8.3%
$103B individuals and HNW
Advisors
32
registered through the firm on IAPD
RAUM per advisor
$39B
derived; firm RAUM over IAPD count
Employees
662
219 advisory (5.B.1)
Offices
8
beyond the principal office
Private funds
9
reported on Schedule D
History
58 filings and snapshots on the tape
RAUM$1245B as of Jun 15, 2026
Feb 28, 2012$480B then
HNW client RAUM$95B as of Jun 15, 2026
Mar 28, 2018$60B then
State-registered IARs (5.B.3)35 as of Jun 15, 2026
Mar 26, 20130 then
Employees (5.A)662 as of Jun 15, 2026
Mar 26, 2013466 then
Private funds9 as of Jun 15, 2026
Feb 28, 20121 then
RAUM +12% over the last fiscal year+11% a year over threeIARs 32 to 35offices 7 to 8
Practice profile
derived from the filing of Jun 15, 2026; every figure names its basis
Archetypes, each a printed rule
  • Bank affiliated · Item 7.A.6 or 7.A.7 (bank or trust company affiliate) and a bank, bancorp or trust company as a 50 percent or greater owner on Schedule A
  • Broker-dealer affiliated · Item 7.A.1 (broker-dealer affiliate) and at least 50 registered representatives (Item 5.B.2), or the adviser is itself a broker-dealer (6.A.1)
RAUM per advisor
$39BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
1,102derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$6.3MderivedHNW RAUM over HNW clients
Average account
$30.4MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
18%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
20.7derivedItem 5.A over advisors
Advisors per office
3.6derived9 offices incl. principal (1.F.5)
RAUM growth, one year
+12%derivedbetween the last two annual amendments
Advisor growth, one year
+9.4%derivedItem 5.B.3 between annual amendments
Client growth, one year
+0.6%derived
Compensation
percentage of assets, fixed fees, performance-based, otherreportedItem 5.E
Advisory activities
portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companies, selection of other advisers, publications, otherreportedItem 5.G
Wrap fee program
participatesreportedItem 5.I
Custody
$1068B, 40,588 clientsreportedItem 9.A
Ownership
a bank, bancorp or trust company is a 50 percent or greater ownerderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is a trust company (6.A.8)
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
  • the adviser acts as qualified custodian (9.D.1)
  • a related person acts as qualified custodian (9.D.2)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$509B41%
  • Investment companies$295B24%
  • Corporations and businesses$112B9.0%
  • Pension and profit-sharing plans$111B8.9%
  • High-net-worth individuals$95B7.6%
  • Insurance companies$46B3.7%
  • Charitable organizations$39B3.1%
  • Sovereign wealth funds$30B2.4%
  • Individuals$8.8B0.7%
Individual clients
20,223reported
HNW clients
15,055reported
Pension plan clients
330reported
Charitable clients
1,347reported
Accounts
41,027reported
Financial planning clients
reported
Wrap fee programs
$0 sponsored, $0 managedreported
Custody of client assets
$1068B for 40,588 clientsreported
Compensation
% of AUM, fixed, performancereported
Class basis
private_client_share=0.08 fund_share=0.65 institutional_share=0.18 related_bd=true related_bank=true bd_reps=124.0derived
Advisors registered through the firm
32 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Michael Brandon BurdeenChicago, IlNov 4, 201512 y0
Emily Barnwell MeyerEast Greenwich, Ri Apr 26, 201622 y2
Alison Walpole StewartChicago, IlDec 15, 201632 y0
Elizabeth Ann LongoGrand Rapids, MiDec 7, 201712 y1
Joseph TiralosiChicago, Il Jun 4, 201817 y1
Lauren Elizabeth MetajAnn Arbor, Mi Aug 27, 201816 y2
Anthony Michael PiatekChicago, IlApr 4, 201910 y1
Hunter Bowne KnappMarietta, Ga May 11, 202030 y4
Justin Charles GutwaldChicago, Il Jul 22, 202117 y3
William B HurtChicago, Il Nov 9, 202124 y1
Brendan Thomas McmahonChicago, Il Nov 9, 202119 y0
Michael David OsterthunChartered Financial AnalystArvada, Co Jun 2, 202211 y3
Andrew William ShermanChicago, Il Jun 10, 202210 y0
William Michael KincaidChicago, Il Aug 22, 202220 y0
Michael James TerzichSeven Fields, Pa Aug 22, 202217 y0
Stephen RussellCicero, Ny Jan 3, 202312 y2
Cathy Siqi CaoChartered Financial AnalystChicago, IlJan 31, 202313 y0
Hugh S AnstyChicago, Il Jun 25, 202431 y3
Wesley A UrickChicago, Il Oct 28, 202418 y2
Robert Stephen EatonChicago, Il Nov 5, 202420 y2
Kenneth H LassnerChartered Financial AnalystNew York, Ny Nov 5, 202415 y2
Samantha Elizabeth SwayzeChicago, Il Dec 3, 202413 y1
Peter ZabiegalaNew York, Ny Dec 6, 202413 y1
Lance Douglas VegnaNew York, Ny Jan 13, 202531 y0
Aaron GoetzChicago, Il Jan 29, 202511 y0
Mark KiernaChicago, Il Mar 5, 202518 y5
Isabel MachlinChartered Financial AnalystChicago, Il Apr 11, 202511 y0
Brian Michael FinneganNew York, Ny Jun 6, 202518 y3
Dennis William MarkeyChicago, Il Aug 22, 202521 y3
Michael Edward CroninChartered Financial AnalystChicago, Il Sep 2, 202511 y1
Nicole Rene VanceFlourtown, Pa Nov 14, 202511 y1
Aron Patrick HealyKirkland, Wa Jul 14, 202618 y1
Advisor movement
3 left, 3 joined in 12 months
net 0 in 12 months2 left in 90 days1 joined in 90 daysdeparture rate 9.4% of current headcount11 left over 36 months
Left, latest
Joined, latest
Every departureEvery arrival
Private funds
15 reported on Schedule D 7.B.(1)
FundTypeGross assetsOwnersFirst reported
Multi-Advisor Funds Global Equity Fund-Generation Investment Management US LlpHedge Fund$500M251Mar 27, 2013
Multi-Advisor Funds Global Emerging Markets Equity Fund - Axiom InvestorsOther Private Fund$205M229Mar 27, 2013
Multi-Advisor Funds Covered Call Equity Income FundOther Private Fund$200M214Mar 30, 2021
Multi-Advisor Funds Concentrated High Yield And Leveraged Loan Fund MafOther Private Fund$189M174Mar 30, 2020
Multi-Advisor Funds-Global Emerging Markets FundOther Private Fund$126M85Mar 31, 2015
Multi-Advisor Funds Emerging Markets Growth FundOther Private Fund$66.7M115Mar 31, 2022
Multi-Advisor Funds International Equity Value FundOther Private Fund$56.2M29Mar 27, 2013
Multi-Advisor Funds Global Sustainable Infrastructure FundOther Private Fund$55.7M14Mar 31, 2022
Multi-Advisor Funds Small Value Fund-Vaughan Nelson Investment Management, LPno longer reportedOther Private Fund$50.5M91Mar 27, 2013
Multi-Advisor Funds Energy Infrastructure Fund - Eagle Global Advisors, LLCOther Private Fund$49.4M36Mar 30, 2016
Multi-Advisor Funds International Fund - Robert W. Baird & Co. Incorporated (Chautauqua Capital Management Group)no longer reportedOther Private Fund$30.6M16Mar 27, 2013
Multi-Advisor Funds Emerging Markets Debt Fundno longer reportedOther Private Fund$00Mar 27, 2013
Cayman Cash Reserves Fund, Q.P.no longer reportedLiquidity Fund$00Feb 28, 2012
Multi-Advisor Funds U.S. Equities Fund - Vulcan Value Partners, LLCno longer reportedOther Private Fund$00Mar 30, 2016
Rspgnno longer reportedOther Private Fund$00Mar 28, 2013
Owners and control persons
Schedule A and B, latest filing
  • Elliott Stephen Carroll · Senior Vice President/Chief Financial Officer/Treasurercontrol
    since 12/2022 · owns less than 5%
  • Ernesto Daniel Gamba · Chairman/President/Chief Executive Officer/Directorcontrol
    since 04/2023 · owns less than 5%
  • Barker Sheri Hawkins · Executive Vice President/Directorcontrol
    since 12/2017 · owns less than 5%
  • Paulami Kar · Senior Vice President/Directorcontrol
    since 09/2023 · owns less than 5%
  • Archana Kumar · Executive Vice President/Chief Operating Officer/Directorcontrol
    since 04/2020 · owns less than 5%
  • George Angelo Manioudakis · Executive Vice President/Chief Investment Officer/Directorcontrol
    since 09/2021 · owns less than 5%
  • Richard Craig Carberry · Chief Legal Officer/Secretary
    since 09/2000 · owns less than 5%
  • Harshad Kaushal Joshi · Senior Vice President/Chief Information Officer
    since 03/2023 · owns less than 5%
  • Wallace Joseph Mcinerney · Senior Vice President/Chief Risk Officer
    since 10/2020 · owns less than 5%
  • Georgieva Maya Teufel · Senior Vice President/Chief Compliance Officer
    since 07/2019 · owns less than 5%
Entity owners
  • The Northern Trust Company · Shareholder
    direct · owns 75% or more
  • Northern Trust Corporation · Shareholder
    indirect · owns 75% or more of The Northern Trust Company · public reporting company
Related persons
Schedule D 7.A
  • 50 South Capital Advisors, LLC
    investment adviserbankpooled vehicle sponsornRAUM $16B
  • Northern Trust Asset Management Australia Pty Ltd
    investment advisern
  • Northern Trust Fund Managers (Ireland) Limited
    investment adviserpooled vehicle sponsorn
  • Northern Trust Global Investments Japan, K.K.
    investment adviserpooled vehicle sponsory
  • Northern Trust Global Investments Ltd
    investment advisernRAUM $208B
  • Northern Trust Securities Llp
    broker-dealern
  • Northern Trust Securities, Inc
    broker-dealerinvestment adviserbanknRAUM $1.7B
  • Nt Global Advisors, Inc
    investment advisern
  • The Northern Trust Company
    custodiany
  • The Northern Trust Company Of Hong Kong Limited
    investment advisern
Advisers that list Northern Trust Investments, Incorporated as a related person
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
Chicago, Il · principal3122
New York, Ny700
Leawood, Ks000
Lenexa, Ks001
Tempe, Az000
Palm Harbor, Fl000
Offices
Schedule D 1.F, the 25 largest
  • Stamford, CT21 employees
  • Admiralty, Hong Kong6 employees
  • Tempe, AZ5 employees
  • Melbourne, Australia4 employees
  • New York, NY2 employees
  • Dallas, TX2 employees
  • Washington, DC1 employees
What changed
consecutive filings, newest first
  • Accounts · 41,475 to 41,027
    Jan 7, 2026 to Mar 30, 2026
  • Advisory employees · 200 to 219
    Jan 7, 2026 to Mar 30, 2026
  • Advisory activities · 8 to 7
    Jan 7, 2026 to Mar 30, 2026
  • BD registered reps · 116 to 124
    Jan 7, 2026 to Mar 30, 2026
  • Charity clients · 1,462 to 1,347
    Jan 7, 2026 to Mar 30, 2026
  • Corporate clients · 4,021 to 3,627
    Jan 7, 2026 to Mar 30, 2026
  • HNW clients · 13,484 to 15,055
    Jan 7, 2026 to Mar 30, 2026
  • Individual clients · 21,601 to 20,223
    Jan 7, 2026 to Mar 30, 2026
  • Pension plan clients · 409 to 330
    Jan 7, 2026 to Mar 30, 2026
  • Pooled vehicle clients · 300 to 237
    Jan 7, 2026 to Mar 30, 2026
  • Assets in custody · $958B to $1068B
    Jan 7, 2026 to Mar 30, 2026
  • Employees · 674 to 662
    Jan 7, 2026 to Mar 30, 2026
  • State-registered IARs · 32 to 35
    Jan 7, 2026 to Mar 30, 2026
  • Other offices · 7 to 8
    Jan 7, 2026 to Mar 30, 2026
  • Discretionary RAUM · $1115B to $1245B
    Jan 7, 2026 to Mar 30, 2026
  • HNW RAUM · $71B to $95B
    Jan 7, 2026 to Mar 30, 2026
  • Individual RAUM · $8.1B to $8.8B
    Jan 7, 2026 to Mar 30, 2026
  • Pension RAUM · $96B to $111B
    Jan 7, 2026 to Mar 30, 2026
  • Pooled vehicle RAUM · $480B to $509B
    Jan 7, 2026 to Mar 30, 2026
  • RAUM · $1115B to $1245B
    Jan 7, 2026 to Mar 30, 2026
  • Financial planning clients · unset to
    Mar 28, 2025 to Jun 18, 2025
  • Accounts · 41,105 to 41,475
    Jan 2, 2025 to Mar 28, 2025
  • Advisory employees · 208 to 200
    Jan 2, 2025 to Mar 28, 2025
  • BD registered reps · 121 to 116
    Jan 2, 2025 to Mar 28, 2025
  • Charity clients · 1,574 to 1,462
    Jan 2, 2025 to Mar 28, 2025
  • Corporate clients · 3,993 to 4,021
    Jan 2, 2025 to Mar 28, 2025
  • HNW clients · 12,197 to 13,484
    Jan 2, 2025 to Mar 28, 2025
  • Individual clients · 22,383 to 21,601
    Jan 2, 2025 to Mar 28, 2025
  • Pension plan clients · 426 to 409
    Jan 2, 2025 to Mar 28, 2025
  • Pooled vehicle clients · 310 to 300
    Jan 2, 2025 to Mar 28, 2025
  • Assets in custody · $875B to $958B
    Jan 2, 2025 to Mar 28, 2025
  • State-registered IARs · 31 to 32
    Jan 2, 2025 to Mar 28, 2025
  • Discretionary RAUM · $1017B to $1115B
    Jan 2, 2025 to Mar 28, 2025
  • HNW RAUM · $69B to $71B
    Jan 2, 2025 to Mar 28, 2025
  • Individual RAUM · $8.4B to $8.1B
    Jan 2, 2025 to Mar 28, 2025
  • Pension RAUM · $86B to $96B
    Jan 2, 2025 to Mar 28, 2025
  • Pooled vehicle RAUM · $441B to $480B
    Jan 2, 2025 to Mar 28, 2025
  • RAUM · $1017B to $1115B
    Jan 2, 2025 to Mar 28, 2025
  • Accounts · 41,219 to 41,105
    Dec 22, 2023 to Mar 28, 2024
  • Advisory employees · 194 to 208
    Dec 22, 2023 to Mar 28, 2024
Signals
38 dated events
  • Alexander Arturo Mchenry left Northern Trust Investments, Incorporated for Bfinance Us Ltd. (registered 2026-06-08)
    Jul 30, 2026 · Advisor changed firm · fact
  • Brian Steven Werkmeister left Northern Trust Investments, Incorporated for Nuveen Asset Management, Llc (registered 2026-08-06)
    Jul 30, 2026 · Advisor changed firm · fact
  • Gabriel Allyn Jewell left Northern Trust Investments, Incorporated for Creativeone Wealth, Llc (registered 2026-04-27)
    Feb 13, 2026 · Advisor changed firm · fact
  • Taylor Renee Cowdrey left Northern Trust Investments, Incorporated for Calamos Advisors Llc (registered 2026-03-26)
    May 1, 2025 · Advisor changed firm · fact
  • Amanda Tawney Williams left Northern Trust Investments, Incorporated for Northern Trust Securities, Inc (registered 2022-05-25)
    Feb 20, 2025 · Advisor changed firm · fact
  • Dariusz Wojnar (Executive Vice President/Director) no longer on Schedule A of Northern Trust Investments, Incorporated (listed 2024-07-02, absent 2024-10-01)
    Oct 1, 2024 · Control person left · inference
  • Sean Murphy left Northern Trust Investments, Incorporated for Blackrock Investment Management, Llc (registered 2026-04-02)
    Jul 10, 2024 · Advisor changed firm · fact
  • Megan Maureen Bromwell (Executive Vice President/Chief Marketing Officer/Director) no longer on Schedule A of Northern Trust Investments, Incorporated (listed 2024-03-28, absent 2024-07-02)
    Jul 2, 2024 · Control person left · inference
  • Gabriel John Abunassar (Executive Vice President/Director) no longer on Schedule A of Northern Trust Investments, Incorporated (listed 2024-03-28, absent 2024-07-02)
    Jul 2, 2024 · Control person left · inference
  • George Taylor left Northern Trust Investments, Incorporated for Calamos Advisors Llc (registered 2024-10-18)
    May 24, 2024 · Advisor changed firm · fact
  • Robert David Jones left Northern Trust Investments, Incorporated for Independent Financial Group, Llc (registered 2024-08-12)
    Apr 2, 2024 · Advisor changed firm · fact
  • Morgan Elizabeth Tedesco left Northern Trust Investments, Incorporated for Advisors Asset Management, Inc. (registered 2023-11-30)
    Oct 12, 2023 · Advisor changed firm · fact
  • Kelly G Hammond left Northern Trust Investments, Incorporated for T. Rowe Price Associates, Inc. (registered 2024-01-10)
    Oct 12, 2023 · Advisor changed firm · fact
  • Matthew Gawlowski left Northern Trust Investments, Incorporated for T. Rowe Price Associates, Inc. (registered 2024-05-03)
    Oct 12, 2023 · Advisor changed firm · fact
  • Megan Maureen Bromwell (Executive Vice President/Chief Marketing Officer/Director) appeared on Schedule A of Northern Trust Investments, Incorporated
    Sep 29, 2023 · Control person joined · fact
  • Paulami Kar (Senior Vice President/Director) appeared on Schedule A of Northern Trust Investments, Incorporated
    Sep 29, 2023 · Control person joined · fact
  • Kent Peter Ewing (Senior Vice President/Director) no longer on Schedule A of Northern Trust Investments, Incorporated (listed 2023-04-05, absent 2023-09-29)
    Sep 29, 2023 · Control person left · inference
  • John Christopher Cullen left Northern Trust Investments, Incorporated for Nuveen Asset Management, Llc (registered 2023-08-17)
    Apr 21, 2023 · Advisor changed firm · fact
  • Ernesto Daniel Gamba (Chairman/President/Chief Executive Officer/Director) appeared on Schedule A of Northern Trust Investments, Incorporated
    Apr 5, 2023 · Control person joined · fact
  • Gerard Michael O'Grady (Chairman/President/Chief Executive Officer/Director) no longer on Schedule A of Northern Trust Investments, Incorporated (listed 2023-03-31, absent 2023-04-05)
    Apr 5, 2023 · Control person left · inference
  • Harshad Kaushal Joshi (Senior Vice President/Chief Information Officer) appeared on Schedule A of Northern Trust Investments, Incorporated
    Mar 31, 2023 · Control person joined · fact
  • John Babnik left Northern Trust Investments, Incorporated for American Beacon Advisors, Inc. (registered 2023-01-20)
    Jan 4, 2023 · Advisor changed firm · fact
  • Matthew Ryan Wickert (Senior Vice President/Chief Financial Officer/Treasurer) no longer on Schedule A of Northern Trust Investments, Incorporated (listed 2022-06-06, absent 2022-12-08)
    Dec 8, 2022 · Control person left · inference
  • Elliott Stephen Carroll (Senior Vice President/Chief Financial Officer/Treasurer) appeared on Schedule A of Northern Trust Investments, Incorporated
    Dec 8, 2022 · Control person joined · fact
  • Paul E Kubasiak left Northern Trust Investments, Incorporated for Advice And Planning Services (registered 2022-12-05)
    Nov 10, 2022 · Advisor changed firm · fact
  • Benjamin Anthony Menconi left Northern Trust Investments, Incorporated for Strive Asset Management (registered 2023-01-05)
    Aug 23, 2022 · Advisor changed firm · fact
  • Douglas Christopher Brown left Northern Trust Investments, Incorporated for Money Concepts Advisory Service (registered 2022-07-25)
    Jul 21, 2022 · Advisor changed firm · fact
  • Amy L Marker left Northern Trust Investments, Incorporated for Edward Jones (registered 2022-10-17)
    Jul 19, 2022 · Advisor changed firm · fact
  • Gerard Michael O'Grady (Chairman/President/Chief Executive Officer/Director) appeared on Schedule A of Northern Trust Investments, Incorporated
    Jun 6, 2022 · Control person joined · fact
  • Antwarn Shundrawn Thomas (Chairman/President/Chief Executive Officer/Director) no longer on Schedule A of Northern Trust Investments, Incorporated (listed 2022-03-31, absent 2022-06-06)
    Jun 6, 2022 · Control person left · inference
Across DFX
shared identifiers only, never a name match
How to reach
public business contact points only, each with its source
Firm profile
LINKEDIN.COM/COMPANY/NORTHERN-TRUST-ASSET-MANAGEMENTreportedpublic record, Form ADV, Sep 17, 2026
Firm profile
linkedin.com/company/flexsharesreportedpublic record, Form ADV, Sep 17, 2026
Website
flexshares.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
312-630-6000reportedpublic record, Form ADV, Jun 15, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
RAUM per advisor
$39Bderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026