BasisRoute my position

Northern Trust Asset Management

Direct Indexing (Tax-Advantaged Equity)

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Assets
$149B
Fee a year
Not disclosed
Minimum
Not disclosed
Tracking error
Not disclosed
Investors
Not disclosed
Open to
Anyone
Lock-up
None
Holdings
Not disclosed
Benchmark
Not disclosed
Custodians
Not disclosed
Access
Through an advisor, on advisor platforms
Launched
Not disclosed
Assets, in detail
As of 2025-09. $149B AUM in direct indexing (2025-09-30), NTAM press release (2026-01-06). NTAM calls itself a top-three provider of custom tax-managed investments, by Cerulli data at 2025-06-30. NTAM's 2026-02-10 investor deck gives about $150B and $5B+ of 2025 net flows into its Tax-Advantaged Equity suite.
Fee schedule
Not published for the product. NTI's Form ADV Part 2A gives SMA fee ranges of up to 0.30% for passive equity and up to 0.65% for quantitative equity. Fees are negotiable.
Tracking error, method
Not disclosed.
Capacity and queue
Minimum not published. NTAM says it has 35+ years of experience with custom tax-aware portfolios for ultra-high-net-worth clients. Advisors on Envestnet can use it from 2026-01.

Sources

Checked 2026-10. Confidence: medium.

Where to get it

The same product costs a different amount through each door. The all-in fee adds the access provider's own fee to the product fee. Placement fees, financing, and fund expenses are extra.

No access provider in our data names this product yet.

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