Northern Trust expands with new office in Jacksonville

JACKSONVILLE, Fla.–(BUSINESS WIRE)–Northern Trust has opened a new office at 1 Independent Drive in downtown Jacksonville, serving the comprehensive investment and sophisticated planning needs of families, family offices and foundations in Northeast Florida.

After more than 50 years in business in Florida, Northern Trust today has 20 offices, more than 600 employees and $53 billion in assets under management in this fast-growing state. Northern Trust offers comprehensive wealth management services, including investment management, trustee, wealth planning, banking and lending services, in addition to other capabilities. It is Florida’s largest trust company.

Although the office is new, Northern Trust has served clients in the Jacksonville area for many years.

“The opening of this office confirms our long-term commitment to families and foundations in Northeast Florida, while positioning us to better serve other clients in the future,” said Henry Johnson, President. of the Eastern Region of Northern Trust Wealth Management. “We look forward to participating as an engaged member of the Jacksonville community.”

Florida’s continued population growth and its status as a popular destination for Americans departing from other states has led to increased demand for the tailored financial services and advice offered by Northern Trust, said John Donahoo, senior market general manager of the northeast Florida for Northern Trust and head of the Jacksonville office.

“Northeast Florida is fully participating in the population growth that is happening across the state,” Donahoo said. “Our parks and beaches, downtown revitalization, a vibrant arts and culture offering and a favorable business climate are all factors that support and explain the pace of growth.

“With this growth, we are seeing increased interest in having conversations about investment strategy, philanthropy and family legacy, and we look forward to playing a part in those conversations,” Donahoo said.

Northern Trust Wealth Management offers holistic wealth management services for affluent individuals and families, family offices, foundations and endowments, and private businesses. It is recognized for its innovative technology, service excellence and depth of expertise and ranks among the top 10 US wealth managers, with $396.2 billion in assets under management as of March 31, 2022. Northern Trust Company is an Equal Housing Lender. FDIC member.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking services to businesses, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 US states and Washington, DC, and 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2022, Northern Trust had assets under custody/administration of US$15.5 trillion and assets under management of US$1.5 trillion. For more than 130 years, Northern Trust has distinguished itself as an industry leader for its exceptional service, financial expertise, integrity and innovation. Please visit our website or follow us on Twitter.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 USA, incorporated with limited liability in the USA Please read our global and regulatory information.