Northern Trust Wins Best Private Bank in U.S. for Digital Wealth Planning, Named U.S. Digital Innovator of the Year

Northern Trust, a prominent provider of wealth management services, has been awarded two prestigious titles by the Financial Times and PWM’s Wealth Tech Awards: Best Private Bank in the US for Digital Wealth Planning and Best Digital Innovator of the Year in the US.

The Wealth Tech Awards spotlight technological innovation in the wealth management sector, recognizing companies and products that enhance client experience, streamline operations, and improve investment outcomes. Judged by experts in wealth management, technology, and finance, these awards celebrate excellence in leveraging technology for industry advancement.

Steven L. Fradkin, President of Northern Trust Wealth Management, expressed pride in the recognition, stating, “This accolade from the Financial Times and PWM underscores Northern Trust’s success in revolutionizing the Goals-Driven experience for clients.”

Fradkin highlighted Northern Trust’s Goals Driven Wealth Management team, emphasizing their collective focus on providing solutions that address client and advisor needs. He added, “Every decision, from technology implementation to feature prioritization, is guided by our commitment to meeting client and advisor requirements.”

Northern Trust’s innovative efforts over the past year have led to several enhancements, including:

Introduction of new technology, patented by Northern Trust, enhancing the client meeting experience with frictionless, engaging, and collaborative features. Significant improvement in speed-to-market, quality, and reliability through advanced architecture and engineering disciplines, enabling Northern Trust to respond swiftly to client feedback. Henry Johnson, Chief Operating Officer of Northern Trust Wealth Management, credited the transformation of the platform to the deployment of high-performing teams adhering to lean product management and engineering disciplines.

Northern Trust received these accolades at an event in London on May 2.

Northern Trust Wealth Management delivers comprehensive wealth management services for affluent individuals and families, family offices, foundations and endowments, and privately held businesses. Renowned for its innovative technology, service excellence, and expertise, Northern Trust manages $420.6 billion in assets as of March 31, 2024. The Northern Trust Company is an Equal Housing Lender and Member FDIC.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) offers wealth management, asset servicing, asset management, and banking services to corporations, institutions, affluent families, and individuals globally. With a history dating back to 1889, Northern Trust operates in 24 U.S. states, Washington, D.C., and across 22 locations worldwide. As of March 31, 2024, Northern Trust had assets under custody/administration of US$16.5 trillion and assets under management of US$1.5 trillion. Renowned for its exceptional service, financial expertise, integrity, and innovation, Northern Trust has established itself as an industry leader over its 130-year history. Visit for more information or follow @NorthernTrust on X (formerly Twitter) and Northern Trust Corporation on LinkedIn.

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