How to Open an Account with Northern Trust: A Step-by-Step Guide

Northern Trust is a global financial services company that provides investment management, asset servicing, and wealth management solutions. Known for its focus on serving individuals, families, and institutions, Northern Trust is a great option if you are looking for comprehensive financial services. This guide will walk you through the steps to open an account with Northern Trust, including official phone numbers and website links for your convenience.

Step 1: Determine Your Financial Needs

Before opening an account, identify your specific financial needs and goals. Northern Trust offers several types of services, including:

1. Wealth Management: Tailored investment strategies and financial planning services for individuals and families.
2. Investment Management: Asset management services for institutional clients and high-net-worth individuals.
3. Asset Servicing: Custody and fund administration services for institutional investors.

To explore the services offered, visit the Northern Trust website: Northern Trust Services.

Step 2: Gather Required Documentation

To open an account, you will typically need to provide various documents. Be prepared with the following:

• Identification: A valid government-issued ID (e.g., driver’s license or passport).
• Social Security Number: Required for tax identification purposes.
• Proof of Address: Recent utility bill, bank statement, or lease agreement showing your name and address.
• Financial Information: Details about your income and investment experience may also be required.

Step 3: Contact Northern Trust

Since Northern Trust primarily serves high-net-worth individuals and institutions, reaching out directly to their representatives is important:

1. Visit the Northern Trust Contact Page: Go to Contact Northern Trust for various contact methods.
2. Schedule a Consultation: You can schedule a meeting with a financial advisor or representative to discuss your needs.
3. Call for Immediate Assistance: For inquiries, you can reach out to their customer service at 1-800-327-1156.

Step 4: Meet with a Financial Advisor

After contacting Northern Trust, you’ll likely have a meeting or phone call with a financial advisor:

1. Discuss Your Financial Goals: Clearly articulate your investment objectives and financial situation.
2. Review Account Options: The advisor will help you determine which services or accounts best fit your needs.
3. Complete Application Forms: Fill out the necessary forms provided by your advisor to open the account.

Step 5: Submit Documentation and Initial Deposit

After discussing your needs and selecting the appropriate account type, you will need to:

1. Provide Required Documentation: Submit your identification, proof of address, and any other requested documents.
2. Make an Initial Deposit: Depending on the type of account or service, you may need to fund your account with an initial deposit.

Step 6: Set Up Online Access

Once your account is opened, setting up online access is essential for managing your investments effectively:

1. Register for Online Banking: Go to the Northern Trust Online Access page to set up your online profile.
2. Follow the Registration Process: Provide the necessary information to create your online account.
3. Download the Mobile App: Northern Trust offers a mobile app for convenient account management.

Step 7: Monitor Your Account and Schedule Regular Reviews

After your account is set up, it’s important to stay engaged:

1. Monitor Account Performance: Regularly check your account performance through the online portal or mobile app.
2. Schedule Regular Reviews: Periodic reviews with your financial advisor can help you adjust your investment strategy as needed.

Conclusion

Opening an account with Northern Trust is a straightforward process when you follow these steps. By determining your financial needs, gathering the necessary documentation, and engaging with a financial advisor, you can establish an account that aligns with your investment goals. For more information and resources, visit the Northern Trust website or contact their customer service for assistance. Whether you’re planning for retirement, managing wealth, or seeking investment management, Northern Trust provides the expertise and services to help you achieve your financial objectives.