CHICAGO--(BUSINESS WIRE)--Northern Trust announced today that the Advisers Investment Trust, a customizable series trust solution provided in conjunction with Beacon Hill Fund Services, passed $6 billion in assets in 2015, marking a significant milestone for the trust vehicle.
The Advisers Investment Trust, launched in late 2011, gives advisers and investment managers an efficient mechanism to expand their product distribution and deliver their investment strategies via 1940 Act Registered Mutual Funds.
Northern Trust provides back office operations services to the funds such as custody, transfer agency, fund accounting and fund administration. Beacon Hill serves as distributor and provides business management and governance services.
A “Series Trust” or “Umbrella Trust,” as it is commonly known as in the United States, is a registered investment company (RIC) filed with the SEC. This structure enables multiple unaffiliated registered investment advisers to manage separate portfolios or “series” within the same trust. The Advisers Investment Trust is a comprehensive solution that supplies an experienced independent team of professionals and fund officers to ensure best practice governance and operational infrastructure, allowing the adviser to focus on money management, distribution and sales success.
“Our clients value our superior client service and flexibility as their products expand and new distribution channels are explored,” said Dan Houlihan, head of Global Fund Services in North America for Northern Trust. “This milestone is a testament to our expertise in servicing 1940 Act mutual funds and our ability to help clients find solutions that help them get to market faster.”
Northern Trust's Global Fund Services business provides custody, fund administration and investment operations outsourcing solutions to investment managers across the globe and across the spectrum of asset classes.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2015, Northern Trust had assets under custody of US$6.2 trillion, and assets under management of US$946 billion. For 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures