Northern Trust develops investment approach
Reflecting desires of wealthy individuals to focus more explicitly on meeting specific life goals, Northern Trust has introduced a purposeful, proprietary approach to goals-based investing. This method, which represents an evolution in the way assets are managed to achieve clients' goals, aims to align specific assets to stated objectives. Traditionally, investment advisors evaluate a client's risk tolerance and time horizon and map them to an asset allocation model. While Northern Trust continues to provide these services, our approach focuses first on a thorough review of client goals, such as buying a second home or setting up a charitable foundation. Then we develop a distinct mix of investments appropriate for reaching each goal. We are focused on helping our clients achieve their goals in life, said Jana Schreuder, Northern Trust's President of Wealth Management.