FROM A PRESS RELEASE
Northern Trust announced the formalization of an LGBT and non-traditional family practice Jan. 4.
According to a press release, "the new practice will provide fiduciary and wealth management services to help meet the unique needs of LGBT individuals and non-traditional families."
John McGowan is the national practice leader responsible for implementing the program in markets throughout the country. Mark Braun will be the national practice liaison focused on building relationships with LGBT individuals, families, community organizations and others.
"Northern Trust recognizes the definition of family has evolved," McGowan said. "We have been helping LGBT clients develop wealth management strategies for decades and have the experience to deal with unique legal, tax and wealth transfer challenges. The creation of this group will help ensure our strategic focus will be executed more broadly across our network."
Northern Trust Corporation, which is based in Chicago, provides services such as investment management, banking solutions and fiduciary services for companies, institutions and individuals on a global scale.