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Updated September 23, 2026. Quick answer: Northern Trust Wealth Management discloses a tiered schedule starting at 1.25% in its Form ADV Part 2A, Appendix 1 – Wrap Fee Program Brochure (March 31, 2026). Converted to dollars, that runs $6,250 a year on a $500,000 account; see the full table below for $250,000, $1 million and $2 million.
The published numbers
From the Form ADV Part 2A, Appendix 1 – Wrap Fee Program Brochure (March 31, 2026): “Wrap clients generally pay an investment advisery fee based on a percentage of the market value of the assets managed by NTSI. NTSI is compensated for investment management services provided to its clients. The table below shows our fee ranges categorized by the amount of total assets in the account. For Fund Strategist Portfolio, Strategist UMA, Equity and Balanced SMA strategies: First $500,000 1.25%, Next $500,000 1.00%, Next $4,000,000 0.85%, Assets over $5,000,000 0.75%.”
Note: Northern Trust Investments, Incorporated (the affiliate most often cited for Northern Trust) manages institutional funds and discloses only negotiable ceiling rates with no dollar-tiered schedule. The breakpoint schedule below comes from the affiliate that actually publishes one for individual managed-account clients, Northern Trust Securities, Inc. (CRD 7927).
- First $500,000: 1.25%
- Next $500,000: 1.00%
- Next $4,000,000: 0.85%
- Assets over $5,000,000: 0.75%
What you would pay
| Account balance | Annual fee (dollars) | Effective rate |
|---|---|---|
| $250,000 | $3,125 | 1.25% |
| $500,000 | $6,250 | 1.25% |
| $1,000,000 | $11,250 | 1.12% |
| $2,000,000 | $19,750 | 0.99% |
This is a marginal breakpoint schedule, so each rate applies only to the dollars that fall inside its own band, not to the whole balance. At $250,000 the entire amount sits in the first $500,000 band, so the fee is 250,000 x 1.25% = $3,125. At $500,000 the fee is 500,000 x 1.25% = $6,250. At $1,000,000 the fee is (500,000 x 1.25%) + (500,000 x 1.00%) = 6,250 + 5,000 = $11,250. At $2,000,000 the fee is (500,000 x 1.25%) + (500,000 x 1.00%) + (1,000,000 x 0.85%) = 6,250 + 5,000 + 8,500 = $19,750. The brochure separately states minimum account balances and minimum annual fees that vary by program (roughly $1,000 to $1,500 for the Separately Managed Account program, $250 to $625 for Fund Strategist Portfolio, and $1,500 for Strategist UMA) rather than one single minimum, so no single minimum_fee figure is reported here.
How this compares
Our benchmark of published adviser fee schedules puts the weighted median annual cost near $2,000 to $2,500 on $250,000 (the benchmark). At $500,000, Northern Trust Wealth Management’s own published rate runs $6,250 a year.
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- Form ADV Part 2A, Appendix 1 – Wrap Fee Program Brochure (March 31, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1038325
- SEC Investment Adviser Public Disclosure, Northern Trust Securities, Inc. (CRD #7927): https://adviserinfo.sec.gov/firm/summary/7927
- Northern Trust Securities, Inc., SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/7927/PDF/7927.pdf
Methodology. This page was built September 23, 2026, drawing on Northern Trust Wealth Management’s own SEC-filed disclosure and, where cited, its published fee schedule, with sources linked above; any figure we could not independently confirm this session is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
Is Northern Trust Wealth Management a fiduciary? See what its own Form CRS says, and how that compares to what you would pay.
What does it take to open an account? See Northern Trust Wealth Management’s minimum investment, straight from its own Form ADV Part 2A brochure.
Weighing whether to move ahead? Read the full Northern Trust Wealth Management review, including its fiduciary status and what it costs to leave.
Comparing Northern Trust Wealth Management against other options? See Northern Trust Wealth Management alternatives, including a lower-fee full-service firm, a flat-fee route, and a robo/hybrid.
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How does this compare? See the annual fee on $500,000 at 165 advisory firms, each from the firm’s own filing.