Northern Trust Corporation is a leading provider of wealth management, asset servicing, asset management and banking solutions to corporations, institutions, families and individuals.

The company generates revenue primarily through fees for asset servicing, wealth management, asset management and related banking services, serving a diverse client base that includes institutional investors and high net worth individuals.

The company operates through the following segments: Asset Servicing and Wealth Management.

• Asset Servicing: This segment provides custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking and cash management to corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, sovereign wealth funds and other institutional investors worldwide, with assets under custody/administration of $17.4 trillion, assets under custody of $13.6 trillion and assets under management of $1.3 trillion as of December 31, 2025.

• Wealth Management: This segment focuses on high net worth individuals and families, business owners, executives, professionals, retirees and established privately held businesses, offering trust, investment management, custody, philanthropic services, financial consulting, guardianship and estate administration, family business consulting, family financial education, brokerage services, private and business banking and Global Family Office services such as investment management, global custody, fiduciary, private banking, family office consulting and technology solutions, with assets under custody/administration of $1.3 trillion, assets under custody of $1.3 trillion and assets under management of $507.2 billion as of December 31, 2025.

Northern Trust holds a strong position in the asset servicing and wealth management industries, competing with custodial banks such as State Street and BNY Mellon, investment managers and fintech firms, while differentiating itself through a trusted brand, deep expertise, tailored technology, proven client relationships and a robust balance sheet.

The company serves institutional investors including pension funds, endowments, foundations, insurance companies and sovereign wealth funds, as well as high net worth individuals, families, business owners, executives, professionals, retirees and privately held enterprises.