Northern Trust has renewed a three-year collaboration between its global family and private investment offices group and the Wharton Global Family Alliance (Wharton GFA), a research forum created by the Wharton School and the CCC Alliance.
The Wharton GFA helps global multigenerational families and their businesses address their complex needs through thought leadership, knowledge transfer, and sharing of ideas and best practices.
Under the renewed partnership, both Wharton and Northern Trust remain focused on sharing family office best practices and engaging in further study on key family office themes, issues, and trends.
David W. Fox Jr., president of Northern Trust’s global family and private investment office services, explained: “Family firms have the means and potential to make a crucial impact on the worldwide economy.”
“Northern Trust’s insight into the wealth management, wealth transfer, banking, philanthropy, and governance needs of ultra-high net worth families and the family offices serving them will continue to supplement valuable research and interactive initiatives provided by the Wharton GFA,” Fox said.
Earlier this month, Northern Trust was selected as asset servicing provider by Sands Capital Management, a long-term investor in leading innovative businesses globally.
