Northern Trust Corp. reported $960.1 billion in total assets under management as of March 31, up 2.8% from three months earlier and 4.9% from a year earlier, said its first-quarter earnings release Tuesday.
Corporate and institutional assets under management totaled $727 billion, up 2% from the previous quarter and 4% from March 31, 2014.
Investment management fees of $76.4 million were down 1.5% from the previous quarter and up 2% from the year-over-year quarter.
Total fees including custody and fund administration, investment management and securities lending were $407.3 million in the first quarter, down 1% from the previous quarter and up 7% from the first quarter of 2014.
The bank's corporate and institutional assets under custody, meanwhile, were $6.09 trillion as of March 31, up 2% from three months earlier and up 6% from a year earlier.
