01—Abstract
Summary
Summary of the 8-K filed February 10, 2026. Cited figures are marked; the original filing is the authoritative source.
Northern Trust Corporation furnished a Form 8-K under Item 7.01 (Regulation FD Disclosure) to announce that Chief Financial Officer David W.
Fox, Jr. and Michael Hunstad, Ph.D., President of Northern Trust Asset Management, would speak at the Bank of America Securities 2026 Financial Services Conference in Miami Beach on February 10, 2026, at approximately 12:10 p.m. ET. An audio webcast will be available live and for replay for 30 days.
The information is furnished, not filed, under Section 18 of the Exchange Act. Exhibit 99.1 contains the slides for Northern Trust Asset Management (NTAM) that Dr. Hunstad presented. The slides state that NTAM had $1.4 trilliona in assets under management as of December 31, 2025, with 960 partners across 16 global locations.
The asset mix was 59% equity, 12% fixed income, 23% cash, 1% alternatives and 6% other/multi-asset. The slides also describe NTAM as the 19th largest investment manager worldwide, a top three provider of direct indexing and custom equity SMAs with about $150 billionb in AUM, and a top five U.S. bond and equity index manager.
The slides highlight 2025 operating activity, including 11 new ETFs launched, a 2.5x year-over-year increase in fundraising, more than $35 billionc in net flows for the year, and 12 consecutive quarters of positive new flows. The slides also present projected market growth from 2024 to 2029 for U.S. ETFs, global privates and retail custom SMAs, and identify private markets, tax-advantaged equity and ETFs as growth priorities.
02—Key points
Key Highlights
- NTAM reported $1.4 trillion in assets under management as of December 31, 2025, across 960 partners and 16 global locations.
- The slides state that NTAM's AUM is 75% institutional and 25% wealth and retail, with 63% index and 37% active.
- NTAM is described as the 19th largest investment manager worldwide and a top three provider of direct indexing and custom equity SMAs, with about $150 billion in AUM in that business.
- The slides cite more than $35 billion in net flows in 2025 and 12 consecutive quarters of positive new flows.
- NTAM launched 11 new ETFs in 2025 and reported a 2.5x year-over-year increase in fundraising.
- The presentation projects U.S. ETF assets growing from $10.3 trillion in 2024 to $24.0 trillion in 2029, with an 18% growth rate.
- The company launched a tokenized share class and cites more than $5 billion in net flows in its tax-advantaged equity suite.
03—Questions
Frequently Asked Questions
When and where is the Northern Trust presentation taking place?
David W. Fox, Jr., Executive Vice President and Chief Financial Officer, and Michael Hunstad, Ph.D., Executive Vice President and President of Asset Management, will speak at the Bank of America Securities 2026 Financial Services Conference in Miami Beach on February 10, 2026, at approximately 12:10 p.m. ET (11:10 a.m. CT).
How can investors access the presentation?
The audio webcast will be available live and for replay for 30 days from the presentation date through the Investor Relations section of the Corporation's website.
How large is Northern Trust Asset Management and how is its AUM divided?
The slides state that NTAM had $1.4 trillion in AUM as of December 31, 2025. The mix is 59% equity, 12% fixed income, 23% cash, 1% alternatives and 6% other/multi-asset, and the AUM is 75% institutional and 25% wealth and retail.
What growth areas does NTAM identify?
The slides list growth priorities in ETFs, alternatives and custom SMAs. They cite a nearly 25-year track record in private markets, a top three position in direct indexing and tax-advantaged equity, and an expanding suite of ETF and fixed income products.
Is the information in this Form 8-K considered filed under the Exchange Act?
No. The filing states that the information, including Exhibit 99.1, is furnished and shall not be deemed filed for purposes of Section 18 of the Exchange Act, nor incorporated by reference into other filings except as stated in such filings.
04—Continue