Northern Trust to Provide Trading Services to UK Wealth Management Firm

Northern Trust has been selected by UK-based wealth management firm True Potential to provide outsourced trading services according to a story in The Trade news. Offered through its Integrated Trading Solutions (ITS) platform, Northern Trust will provide services across equities, fixed income and exchange traded derivatives, with coverage from multiple trading locations. The custodian will assume the trading function across True Potential’s internally managed funds with approximately £6.1 billion in assets under management. The agreement expands the existing relationship between the two firms, formed earlier this year after True Potential appointed Northern Trust as custodian. “True Potential selected Northern Trust as their outsourced trading partner to leverage our extensive access to brokers, trading expertise and transparent commission model,” said Amy Thorne, head of ITS, EMEA, Northern Trust. “In addition, our ability to access all 18 available Gilt-edged Market Makers (GEMMS) and broad range of ETF liquidity options via our efficient price discovery mechanism was a key decision point. The addition of trading and trade-related processing means True Potential is taking full advantage of Northern Trust’s capabilities at every point in the lifecycle of an investment decision, from execution to custody and beyond.”