SEC-registered wealth management firm Broker-dealer affiliated
Northern Trust Securities, Inc
As of its Form ADV filed July 17, 2026, Northern Trust Securities, Inc, an SEC-registered, broker-dealer affiliated wealth management firm in Chicago, Illinois, reported $1.7 billion in regulatory assets under management across 2,605 accounts, ranking #44 among all wealth firms in Illinois by assets.
Registration
- Registration
- SEC-registered, Approved
- CRD number
- 7927
- SEC file number
- 801-80781
- Registered since
- January 2, 2015
- Latest Form ADV filing
- July 17, 2026
- Organized as
- Corporation
- Fiscal year ends
- December
- Other offices
- 29
Key figures
- Regulatory assets under management
- $1.7 billion
- Discretionary
- $1.7 billion (100.0%)
- Non-discretionary
- $0
- Accounts
- 2,605 (2,605 discretionary)
- Clients
- 2,053, approximate as reported
- Employees
- 385
- Advisory staff
- 41 performing investment advisory functions
- Average account
- $638,168
- Asset growth, 1 year
- 30.2% (from $1.3 billion a year earlier)
- Asset growth, 3-year annual rate
- 26.1% (from $829.5 million three years earlier)
- Asset growth, 5-year annual rate
- 21.8% (from $619.7 million five years earlier)
- Client growth, 1 year
- -55.0% (from 4,566)
Broker-dealer affiliated. The firm is itself a broker-dealer as well as an investment adviser (Form ADV Item 6.A(1)). It is ranked among all wealth firms, the directory's view that includes wirehouses and broker-dealer firms, not in the main lists of independent RIAs. How firms are classed.
Growth rates come from the SEC's yearly snapshots and are left blank when the years are not comparable.
Rankings
Among all wealth firms, including wirehouses and broker-dealer firms.
Assets over time
Data table
| As of | RAUM |
|---|---|
| October 1, 2015 | $21.5 million |
| October 3, 2016 | $100.1 million |
| October 2, 2017 | $201.8 million |
| October 1, 2018 | $286.7 million |
| October 1, 2019 | $381.5 million |
| October 1, 2020 | $514.4 million |
| October 4, 2021 | $619.7 million |
| October 3, 2022 | $861.0 million |
| October 5, 2023 | $829.5 million |
| October 1, 2024 | $1.0 billion |
| September 2, 2025 | $1.3 billion |
| October 2, 2026 | $1.7 billion |
Clients and services
Client mix
| Measure | Bar | RAUM |
|---|---|---|
| High net worth individuals 1,406 clients | $1.5 billion | |
| Individuals (other than high net worth) 618 clients | $175.1 million | |
| Corporations or other businesses 14 clients | $15.9 million | |
| Charitable organizations 11 clients | $10.0 million | |
| Other 4 clients | $4.5 million |
How the firm is paid
- A percentage of assets under management
- Fixed fees
Advisory services
- Financial planning
- Portfolio management for individuals or small businesses
- Portfolio management for businesses or institutional clients
- Selection of other advisers
Financial planning clients (Item 5.H): 251-500.
Wrap fee program sponsor or portfolio manager: yes.
Other business, affiliations and custody
Other business activities (Item 6.A)
- Broker-dealer
Financial industry affiliations (Item 7.A)
- Broker-dealer
- Other investment adviser
- Commodity pool operator or commodity trading advisor
- Banking or thrift institution
- Trust company
- Sponsor, general partner or managing member of pooled investment vehicles
Custody (Item 9)
The firm reported custody of client cash or securities, $2.4 billion in total.
Investment adviser representatives
- IARs registered with the firm
- 100
- Also registered through a broker-dealer
- 99
- Employees who are IARs (Form ADV 5.B(3))
- 91
Designations held by the firm's IARs: CFP 15, CFA 1, ChFC 1.
Between 57 and 100 of the firm's 100 IARs are registered in jurisdictions that require IAR CE. The source counts registrations by jurisdiction, and many IARs are registered in more than one, so the exact number is not knowable from it. IAR CE requirements by state.
Counts only. AdvisorIQ does not list individual people.
Disclosures
On Form ADV Item 11 the firm answered yes to 3 disclosure questions. See the detail on IAPD.
Succession and acquired firms
On Form ADV Item 4 the firm did not report succeeding to another adviser's business.
Similar-sized firms in Illinois
| Firm | City | RAUM |
|---|---|---|
| Rothschild Wealth LLC | Oakbrook | $1.7 billion |
| Clearwater Capital Partners | Hoffman Estates | $1.7 billion |
| Pekin Hardy Strauss, Inc. | Chicago | $1.6 billion |
| Romano Wealth Management | Evanston | $1.5 billion |
| Urban Financial Advisory Corporation | Chicago | $1.5 billion |
The five wealth firms, broker-dealer affiliated firms included, nearest in regulatory assets with a main office in the same state.
Elsewhere
- Northern Trust Securities, Inc on IAPD: Form ADV, brochures and disclosure detail.
- Firm website: www.northerntrust.com
- Wealth management firms in Illinois
Firm data as of October 2, 2026, from ia100226.zip. Figures are as the firm reported them; corrections are made on Form ADV and appear after the next monthly reload.
Data as of October 2, 2026, from Form ADV. Sources: SEC registered adviser data (ia100226.zip) and IAPD compilation reports. How the directory is built.