True Potential, a UK-headquartered wealth management firm, has expanded its relationship with Northern Trust to include outsourced trading via its Integrated Trading Solutions solution. Northern Trust will assume the trading function across True Potential’s internally managed funds with approximately GBP6.1bn (USD7.8bn) AuM. Northern Trust currently provides fund accounting, transfer agency, custody and depositary services to True Potential’s UK-domiciled OEIC fund range.
True Potential is a platform operator, investment manager, pension operator and administrator providing investment products and technology to more than 1.4 million private clients. It reports GBP31.7bn (USD40.2bn) AuM.