There are very few firms that have a reputation anywhere close to the Northern Trust when it comes to the management of trust funds and family wealth over generations. You pay a premium price for their services, but if you want to create a sophisticated trust, a trust fund that will be put in use for a long time, or just want assistance with your investment selection, this is where you go. They trace their origins back to the 19th century, have served over 20 sitting U.S. presidents, and currently run the trust funds that President Obama has set up for his daughters.
One of Northern Trust’s big investments is Illinois Tool Works (ITW). They own 38 million out of the corporation’s 345 million shares of stock, or about 11.2%. Since 1987, Illinois Tool Works has returned a little over 14%.
It is an industrial firm with a market niche … Read the rest of this article!