Data management, performance monitoring, aggregation and reporting are each challenges for most family offices. We have designed a suite of award-winning technology solutions for family offices in order to address these challenges. These technology solutions can help you manage workflows more seamlessly and reduce friction in day-to-day office operations. Our systems, apps and tools all benefit from the Northern Trust firewall, coupled with constant monitoring against cybersecurity threats.

Tailor your technology solution to your specific needs
Our on-demand, decision-ready tools and services for family offices include:

Wealth Passport®
Serving the needs of family members and their advisors, Wealth Passport®, is an industry-leading technology platform developed by Northern Trust. Wealth Passport^® takes advantage of our single operating platform, allowing our clients access to a vast range of information, reports, and market news. Backed by the experience, innovation and advisory capabilities of Northern Trust, Wealth Passport^®’s integrated technology provides comprehensive information gathering and aggregation, resulting in a complete picture of a family’s net worth.

The Wealth Passport^® platform also includes reporting features created for the most sophisticated financial and family structures, enabling family offices to save time and run more efficiently. In leveraging our global asset servicing infrastructure, our primary goal is to provide you with accurate asset aggregation and pricing, in-depth reports and a host of services to make the ‘family enterprise’ more effective.

Anchor Analytics
Anchor Analytics allows you to navigate and report on your data in a simple and intuitive format using cutting edge technology. It possesses powerful reporting and data visualization tools that provide you with the ability to create countless data queries, to easily visualize data through automatic dashboard or chart/graph recommendations, to create and share reports across platforms, and to receive automated alerts on essential portfolio changes. 

Partnership Accounting and General Ledger
Investment partnerships impose accounting requirements on those responsible for tracking and reporting partner-level allocations. Northern Trust has Partnership Accounting solutions designed to address these complexities, streamline accounting processes and to optimize reporting.

Client Specified G/L Feeds
For clients running their own general ledgers in-house, we have many automated custom interfaces in place for electronically feeding trust accounting data to client systems. These interfaces can run on a periodic schedule, on client demand, or both.

We have management reporting templates that provide standard financial statements as well as on-line reports to meet ad hoc reporting needs. Northern Trust has existing interfaces with a variety of vended general ledger systems.