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Northern Trust Index Investing Review


ConsumersAdvocate.org Rating: 4.6 / 5 (Excellent)
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Founded in 1889, The Northern Trust Corporation is a financial holding and services company based in Chicago, Illinois. One of the largest and oldest operating banks in the United States, Northern Trust has offices in twenty other countries. The company's services include asset, wealth, and investment management, commercial and retail banking solutions, financial consulting, and brokerage services.
 
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Northern Trust Fund Characteristics

Fund Characteristics - 4.5 / 5

Northern Trust features a total of seven equity index funds that consumers can opt to invest in. Four of them focus on foreign, global, or international stocks, using company indexes that imitate the MSCI Emerging Markets, ACWI IMI Core Real Estate, World ESG Leaders, and EAFE indexes. Of the other three, two are cap index funds: one small-cap, and the other mid-cap. These track indexes that imitate the Russell 2000 and S&P MidCap 400, respectively. Lastly, the company's standard fund, the Stock Index Fund, imitates the S&P 500 and offer the most predictable investment outlook for the long term. Each index fund offered by Northern Trust includes a brief overview, as well as its portfolio of stocks, overall performance, managerial staff, and a number of documents with a wealth of detailed information. All of Northern Trust's index funds can be opened with a minimum investment of $2,500.
Types of Index Funds Offered
Russell 2000
S&P 500
MSCI
Sector Indexes
Other
Minimum Investment
Regular Accounts: $2500; Automatic Investment Plans: $250; Subsequent Investments: $50
Funding Options
Regular investment accounts with Northern Trust require a minimum investment of $2500, which must be paid in full before the account can be opened. Any additional investments for the account must be of at least $50.

Northern Trust Fees

Fees - 4.5 / 5

The gross expense ratio for Northern Trust's index funds ranges from as little as 0.12% to as high as 0.53%. All of the company's index funds also display a net expense ratio, which is lower but only applies to those that qualify for contractual expense reimbursements.
Management Fees
Gross: 0.12%–0.53%; Net (with reimbursements): 0.10%–0.50%
Other Fees
Northern trust equity index funds include voluntary expense reimbursements that may change or end at any time.

Northern Trust Financial Strength

Financial Strength - 4.5 / 5

Rated A+ by Standard & Poor and A2 by Moody's, Northern Trust enjoys a very good financial outlook. The company also holds a $1.2 trillion USD in assets under management—a remarkable number—as of September 30, 2018.
Standard & Poor's Financial Rating
A+
Moody's Financial Rating
A2
Total Assets Under Management
$1.2 trillion USD

Northern Trust Reputation, Service, and Communication

Reputation, Service, and Communication - 4.8 / 5

The CFPB reports 76 complaints about Northern Trust, a low number when compared to many other financial entities of a similar size. The company does have 7 regulatory events as disclosed by Finra, however. Consumers may contact company representatives by phone call or email. Those interested can also visit one of Northern Trust's 85 offices located in a total eighteen states. In addition, the company's mobile apps, the Private Password and Wealth Password, make it easy to stay on top of investment performance while also providing handy access to those with Northern Trust deposit accounts.
# of FINRA Regulatory Events
7
Consumer Financial Protection Board (CFPB) Complaints
76
Customer Support Hours
7 a.m. – 5 p.m. CT, Monday through Friday
Modes of Communication
App
Phone
Email
Branch

Company Profile

Full Name
Northern Trust Index Investing
Company Website
https://www.northerntrust.com
Headquarters
50 S La Salle St, Chicago, IL, 60603

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Top Rated
  • Seven index fund alternatives
  • Indexes mirroring the S&P 500, Russells, MSCIs, and many more
  • Detailed performance statistics and portfolio overviews
  • Low $2500 starting investment on all regular index fund accounts
  • Strong financial strength and outlook
  • Rated A+ by the BBB
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