Northern Trust Asset Management is joining the growing list of asset managers that offer a digital advice platform.
The global investment manager with more than $900 billion in assets under management announced Tuesday that it has entered into an agreement to acquire Belvedere Advisors, the owner of Emotomy, an open-architecture, comprehensive, custom-branded digital investment advice platform that helps financial advisors build, manage and market their own investment strategies.
“This strategic acquisition reaffirms our commitment to partnering with the financial advisor community to deeply understand their needs and provide best-in-class investment solutions and technology to help them serve their clients more efficiently and effectively,” Northern Trust Asset Management President Shundrawn Thomas said in a statement. Terms of the deal were not disclosed.