CHICAGO--(BUSINESS WIRE)--Northern Trust Wealth Management announced today that David C. Faircloth, CFA, CIMA and John Ferguson, CFA have joined the firm’s Foundation & Institutional Advisors (FIA) practice in its Chicago headquarters. FIA is a dedicated, national practice that serves the investment and advisory needs of foundations, endowments and other nonprofit institutional investors.
“David and John bring many years of experience working with institutional clients,” said Darius A Gill, National Practice Executive for FIA. “As we continue to accelerate the growth of our institutional nonprofit business, we are confident David and John will play pivotal roles.”
David C. Faircloth, CFA, CIMA is a Senior Investment Officer, overseeing the design, implementation and ongoing supervision of client portfolios. Prior to his current role, Faircloth managed a team that worked with high net worth families. Faircloth began his professional career at Northern Trust almost 30 years ago as a portfolio manager. Prior to his return in 2006, he was a senior investment specialist at JPMorgan. He earned his master’s degree in finance, marketing and international business from the Kellogg School of Management at Northwestern University and his bachelor’s degree in finance from DePaul University. Faircloth is a member of the CFA Institute, the CFA Society of Chicago, and the Investment Management Consultants Association.
John Ferguson, CFA is a Senior Portfolio Manager, assisting nonprofit clients with investment policy decisions, asset allocation and investment vehicle selection. Prior to this role, Ferguson was a principal and lead portfolio manager of global strategies for Opus Capital Management. Before that, he developed factor and tax based strategies as a member of Northern Trust’s Asset Management division. Ferguson has over 20 years of investment management experience as an institutional trader, sector specialist and fund manager. He earned his bachelor’s degree in accounting from Miami University in Oxford, Ohio. He is a member of the CFA Institute and the CFA Society of Chicago. Ferguson serves his community as a foster and adoptive parent and as a founding member of Block Alzheimer’s, which raises money and awareness for dementia.
Northern Trust’s Foundation & Institutional Advisors (FIA) group serves the investment and advisory needs of foundations, endowments and other nonprofit institutional investors. FIA can serve as either a dedicated investment advisor or as a fully outsourced chief investment officer. The practice is consultative and advice-driven, providing holistic solutions that combine sophisticated advisory expertise with a spectrum of value-added services. More information about Northern Trust Foundation and Institutional Advisors can be found at www.northerntrust.com/FIA.
Northern Trust Wealth Management specializes in Goals Driven Wealth Management backed by innovative technology and a strong fiduciary heritage. Northern Trust Wealth Management is ranked among the top 10 U.S. wealth managers, with $287 billion in assets under management as of June 30, 2018, and a wide network of wealth management offices across the United States.
The Northern Trust Company is an Equal Housing Lender. Member FDIC.
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 23 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2018, Northern Trust had assets under custody/administration of US$10.7 trillion, and assets under management of US$1.1 trillion. For more than 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 https://www.northerntrust.com/disclosures.