Northern Trust Asset Management has entered into an agreement to acquire Belvedere Advisors LLC, which owns Emotomy®, an open-architecture digital investment advice platform designed for financial professionals. The acquisition, subject to all applicable regulatory filings and customary closing conditions, is anticipated to close by the end of the year.
“This strategic acquisition reaffirms our commitment to partnering with the financial adviser community to deeply understand their needs and provide best-in-class investment solutions and technology to help them serve their clients more efficiently and effectively,” said Shundrawn Thomas, Northern Trust Asset Management president.
Upon completion of the acquisition, Belvedere Advisors will operate as an independent, wholly owned subsidiary of Northern Trust Investments, Northern Trust Asset Management’s primary SEC registered investment adviser.
