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Offered in suite of products:

    Our Philosophy

    We believe investors should be compensated for the risks they take — in all market environments and any investment strategy.

    Overview

    Confronting the Tax Drag

    Without tax management of their investments, taxable investors realize a “tax drag” that hurts their wealth accumulation, compounding over time. We actively trade portfolios throughout the year to outperform investors’ chosen benchmark on an after-tax basis while managing active risk.

    Benefits

    Direct Access to Investment Relationship Managers and Portfolio Managers

    Focused on Generating After-Tax Alpha While Managing Risk

    Customized to Meet Investors’ Investment and Tax Goals

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    Principles of Investing

    Take Advantage of Volatility, in Every Market Environment

    When global markets decline, tax-savings opportunities are prevalent, but those events are less frequent. Finding opportunities within up markets is critical to generating a higher after-tax capital base.

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    Hypothetical Illustration: Deferred vs. Realized Gains

    Deferring gains keeps money in the portfolio. A hypothetical portfolio which defers gains ended up 25% more valuable after 20 years than the portfolio in which taxable gains were realized each year.

    Principles of Investing

    Take a Multi-Dimensional Approach to Maximize After-Tax Growth

    Asset transitions can create large tax liabilities and unnecessary gains if managed as a one-off event – performing regular analysis across investor-specific scenarios is necessary to ensure assets can be optimally transferred, as needed.

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    Percentage of Stocks That Had a Decline By Calendar Year

    Take advantage of volatility, in every market environment. Tax harvesting opportunities exist in any market. More than 87% of stocks tend to have a decline during the year, even when the S&P 500 returns over 25%.

    From 2003–2023, on average 92.3% of stocks had a decline during the calendar year compared to its stock price at prior year-end. When the S&P 500 returned over 25% in a year, on average 87.5% of stocks had a decline.

    Principles of Investing

    Tailor the Strategy to the Investor

    Creating true after-tax alpha requires a personalized approach – even the most efficiently managed U.S. equity strategies could leave you with 10%+ tax liability.

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    Focusing on Efficient Portfolio Transitions

    Sample asset transition scenarios. Portfolio transitions provide another opportunity to defer gains.

    For Illustrative Purposes Only. Tax rates assumed to be 40.8% Short Term, 23.8% Long Term.

    *Tracking Error measures the standard deviation of the difference between the investment performance of the strategy or fund and that of the index. There is no guarantee that tracking error targets can be achieved; actual or experienced tracking error can deviate significantly.

    **Buy Turnover provides the amount that is most likely to generate future losses. Within the first 12 months of investment, NTAM expects to harvest 5–10% of the Buy Turnover in short-term losses.

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    Define Investment Universe

    Client chooses a standard or custom benchmark, or an NTAM active quantitative equity strategy.

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    Build Portfolio to Balance Client Objectives

    Customize for unique portfolio exposures and constraints, client tax profile, and transaction costs

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    Optimize for Greatest After-Tax Return

    Focus on client objectives, tax regulations, deferring gains, harvesting losses, and costs

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    Daily Review and Regular Trading for Tax Savings and Risk Management Opportunities

    Maximize tax-reduction while managing estimated tracking error to selected benchmark

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    Who it's for

    Investors Seeking Strong Partnerships

    Attentive IRMs and PMs partner with investors to manage their portfolios to their unique tax objectives to seek greater asset accumulation.

    Investors Seeking Lower-Cost Portfolio Events

    Managing tax impact when funding an account with existing assets, rebalancing or raising cash reduces liability.

    Investors Seeking a Personalized Portfolio

    The ability to incorporate specific restrictions, ESG and factor preferences leads to a truly customized product.

    Portfolio

    Select a Strategy
    Strategy Name
    • eVestment Universe
    • Benchmark
    • Inception Date
    • Investment Vehicles Available

    Team Expertise

    We measure success as building strong relationships between investors, PMs, and IRMs to achieve investor outcomes and deliver an exceptional client experience.

    Mary Lukic, CFP

    Head of Tax-Advantaged EquityRead Bio

    Michelle Kelley, CFA, CFP

    Portfolio ManagerRead Bio

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    Contact Us

    Interested in learning more about our investment strategies? 

    All securities investing and trading activities risk the loss of capital. Each portfolio is subject to substantial risks including market risks, strategy risks, advisor risk, and risks with respect to its investment in other structures. There can be no assurance that any portfolio investment objectives will be achieved, or that any investment will achieve profits or avoid incurring substantial losses. No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment. Risk controls and models do not promise any level of performance or guarantee against loss of principal. Any discussion of risk management is intended to describe NTAM’s efforts to monitor and manage risk but does not simply lower risk. This information is general in nature and should not be construed as tax advice. Please consult a tax advisor or professional as to how this information may affect your particular circumstance.

    Not FDIC insured | May lose value | No bank guarantee 

    Northern Trust Asset Management is composed of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Fund Managers (Ireland) Limited, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc., 50 South Capital Advisors, LLC, Northern Trust Asset Management Australia Pty Ltd, and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company.