Northern Trust (Nasdaq: NTRS) announced today that its Goals Powered Solutions application received the 2014 CIO 100 Award by IDG's
. The 27th annual award program recognizes organizations around the world that exemplify the highest level of operational and strategic excellence in information technology.
“We are delighted to have the Goals Powered Solutions application recognized as a CIO 100 honoree, which serves as further validation of the innovative ways Northern Trust is leveraging new technologies to transform wealth management,” Northern Trust Wealth Management President Jana Schreuder said. “Northern Trust has made a significant investment in becoming the industry leader in delivering true Goals Driven Investing, and this technology ensures that the unique needs and goals of our clients drive portfolio construction.”
Designed to support Northern Trust’s Goals-Driven Investing approach, the Goals Powered Solutions technology enables advisors to create a specific asset allocation for each individual’s personal and financial goals. The tool offers clients an interactive and collaborative investment experience grounded in the pursuit of their life goals and informed by their overall financial plan.
"For 27 years now, the CIO 100 awards have honored the innovative use of technology to deliver genuine business value," said Maryfran Johnson, Editor in Chief of CIO magazine & Events. "Our 2014 winners are an outstanding example of the transformative power of IT to drive everything from revenue growth to competitive advantage."
Executives from the winning companies will be recognized at the
CIO 100 Symposium & Awards Ceremony
, to be held Tuesday evening, Aug. 19 at the Terranea Resort in Rancho Palos Verdes, California. Coverage of the 2014 CIO 100 Awards will be available in the August 1st issue of CIO magazine.
Northern Trust Wealth Management specializes in goals-based financial advice, offering clients insightful perspectives and creative thinking, backed by innovative technology and a strong fiduciary heritage. Northern Trust Wealth Management is ranked among the top 10 U.S. wealth managers with $217 billion in assets under management as of March 31, 2014, and a wide network of wealth management offices across the United States and abroad. The Financial Times Group has named Northern Trust Best Private Bank in the USA for five consecutive years.