Northern Trust Corp. reported $1.16 trillion in assets under management as of March 31, up 9% from Dec. 31 but flat from March 31, 2018, the company said in its earnings statement released Tuesday.
Northern Trust reported $867.9 billion in corporate and institutional assets under management as of March 31, up 10% from three months earlier but down 1% from 12 months earlier. Wealth management AUM totaled $294.2 billion, a 6% increase from Dec. 31 and 2% rise from March 31, 2018.
Northern Trust does not report net flows.
"Northern Trust's performance during the first quarter of 2019 was resilient despite the impact of a challenging macroeconomic environment," said Michael O'Grady, chairman, president and CEO, in the statement. "Our balanced business model continued to drive organic fee growth while we maintained our focus on differentiated client service and solutions."