Northern Trust Asset Management, a leading global investment management firm with $1.4 trillion in assets under management as of September 30, 2025, announced it will make its institutional-quality, tax-managed direct indexing solution available via Envestnet, a leader in Adaptive WealthTech for financial advisors.

Financial advisors utilizing the Envestnet platform will now have access to Northern Trust Asset Management’s more than 35 years of expertise in customizing tax-aware portfolios for the ultra-high-net-worth market. Northern Trust Asset Management’s direct indexing solution offers a diverse lineup of equity investment strategies, giving advisors the ability to seamlessly blend indices, incorporate quantitative factor tilts, and select exclusions to reflect client values and preferences.

“By offering our direct indexing capabilities on the Envestnet platform, we will empower more financial advisors to personalize portfolios at scale while taking their clients’ taxes into consideration,” said Suzanne Casey and Sunitha Thomas, Co-Heads of the Wealth Client Group, Northern Trust Asset Management. “Tax management is key to effective portfolio management, which is why our innovative direct indexing technology is built to help financial advisors deliver after-tax returns to their clients. The partnership with Envestnet reflects our commitment to helping investors achieve their goals, by using sophisticated strategies and tools to adapt to evolving market conditions.”

“Northern Trust Asset Management shares our dedication to providing financial advisors with the insights and resources they need to meet the evolving, complex needs of ultra-high-net-worth clients,” said Dana D’Auria, Co-CIO and Group President of Envestnet Solutions at Envestnet. “Its institutional-level direct indexing solution gives advisors the power to seamlessly infuse client portfolios with tax-smart approaches which can demonstrate significant value over the long term.”

Northern Trust Asset Management is a top three¹ provider of custom tax-managed investments, with $149 billion assets under management in direct indexing as of September 30, 2025.

This information is general in nature and should not be construed as tax advice. Please consult a tax advisor or professional as to how this information may affect your particular circumstance.

Source: Northern Trust Asset Management