Northern Trust Wealth Management has added private market strategies to the firm’s recently launched ArcLine Alternatives platform.
The private market strategies, developed in partnership with fintech provider Artivest, allows Northern Trust's clients to access private fund managers through a cloud-based subscription and reporting platform.
Northern Trust launched the ArcLine Alternatives managed account platform in early November along with Lyxor Asset Management (Lyxor Americas), which specializes in hedge fund research, due diligence, risk, portfolio management and structuring.
The private market strategies boost the list of curated alternative funds on the platform, which offered hedge fund strategies at launch.
'Northern Trust is committed to delivering quality alternative investment opportunities for our clients in the most efficient and secure manner available. We are pleased to announce this addition to our alternatives platform, which offers exposure to some of the world’s top private market fund managers,’ said Steven L. Fradkin, president of Northern Trust Wealth Management.
Northern Trust Wealth Management had $295.5 billion in assets under management as of September 30.
Founded in 2011, Artivest is a platform that gives investors and advisors access to alternative investments including hedge fund, private equity, managed futures, and real asset strategies. The firm merged with Altegris, another alternative investments-focus fintech platform, in February this year.
In May, New York-based Artivest also helped RBC Wealth Management launch its own alternative investments platform for financial advisors and high-net-worth clients, allowing them access to private equity and hedge fund strategies.