Northern Trust Corp

NTRS: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$91.00	Ynf	Vxxyxlsssw

Northern Trust Has a Strong Wealth Management Franchise and Will Benefit From Higher Interest Rates

Rajiv Bhatia

Jun 3, 2022

Business Strategy and Outlook

Northern Trust consists of two moaty segments: wealth management and a custody business known as corporate and institutional services. Both segments are supported by the firm’s asset-management capabilities.

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How we make money

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

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