Key Takeaways
- • Northern Trust won three top honors at the 2026 Global Private Banking Awards, presented by Professional Wealth Management and The Banker, Financial Times Group publications: Best Private Bank – United States, Best Private Bank for Family Offices – United States, and Best Private Bank for Ultra-High-Net-Worth Clients – United States.
- • The win marks Northern Trust's 15th time being named Best Private Bank in the United States.
- • Professional Wealth Management Editor-in-Chief Yuri Bender cited the firm's consistency and its cross-disciplinary offering spanning technology, alternatives and family office services.
- • Northern Trust Wealth Management had US$536 billion in assets under management as of September 30, 2026.
- • The awards were accepted at an event in London on November 5.
Summary
Northern Trust Corporation (Nasdaq: NTRS) received three top honors at the 2026 Global Private Banking Awards, presented by Professional Wealth Management and The Banker, publications of the Financial Times Group. The recognitions were Best Private Bank – United States, Best Private Bank for Family Offices – United States, and Best Private Bank for Ultra-High-Net-Worth Clients – United States. The firm is now a 15-time winner of the Best Private Bank in the United States designation. Northern Trust accepted the awards at an event in London on November 5.
Professional Wealth Management Editor-in-Chief Yuri Bender attributed the results to Northern Trust's expertise in managing the assets, expectations and business affairs of its wealthy client base. Bender said the firm's combination of technology, alternatives and family office work created a cross-disciplinary offering that provides consistent service across the diverse regional demands of the US market. He noted that this expertise was key to the judges' deliberations in a highly competitive US private banking market.
The family office and ultra-high-net-worth recognitions reflect the firm's work with families facing varying levels of wealth complexity. According to the company, its Global Family Office group has advised wealthy families for more than 40 years on investments, business interests and financial affairs that often span multiple generations and jurisdictions, including private markets, succession planning and family governance. For families that require coordination without a dedicated family office, Northern Trust offers Family Office Solutions, under which a dedicated team works alongside existing advisors to integrate investments, estate planning and reporting.
Northern Trust Wealth Management President Jason Tyler said, "The financial lives of wealthy families rarely get simpler. Our job is to understand how changes affect the entire family, not just the portfolio." Northern Trust Wealth Management reported US$536 billion in assets under management as of September 30, 2026. The parent company had assets under custody/administration of US$19.9 trillion and assets under management of US$2.0 trillion as of the same date, according to the company's description of itself.
Professional Wealth Management Editor-in-Chief Yuri Bender attributed the results to Northern Trust's expertise in managing the assets, expectations and business affairs of its wealthy client base. Bender said the firm's combination of technology, alternatives and family office work created a cross-disciplinary offering that provides consistent service across the diverse regional demands of the US market. He noted that this expertise was key to the judges' deliberations in a highly competitive US private banking market.
The family office and ultra-high-net-worth recognitions reflect the firm's work with families facing varying levels of wealth complexity. According to the company, its Global Family Office group has advised wealthy families for more than 40 years on investments, business interests and financial affairs that often span multiple generations and jurisdictions, including private markets, succession planning and family governance. For families that require coordination without a dedicated family office, Northern Trust offers Family Office Solutions, under which a dedicated team works alongside existing advisors to integrate investments, estate planning and reporting.
Northern Trust Wealth Management President Jason Tyler said, "The financial lives of wealthy families rarely get simpler. Our job is to understand how changes affect the entire family, not just the portfolio." Northern Trust Wealth Management reported US$536 billion in assets under management as of September 30, 2026. The parent company had assets under custody/administration of US$19.9 trillion and assets under management of US$2.0 trillion as of the same date, according to the company's description of itself.
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