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Northern Trust Peter Cherecwich

Northern Trust helps clients evaluate costs

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Northern Trust is collaborating with CEM Benchmarking to offer a peer group, cost-benchmarking solution, comparing cost of services with the value provided by the service.

The solution is aimed at providing better insight into the true value of individual services, helping asset owners prudently assess fees that plan participants pay.
 
CEM is an independent provider of objective and actionable benchmarking information for large pools of capital including pension funds, endowments/foundations and sovereign wealth funds. It specialises in benchmarking cost and performance of investments and administration, making ‘apples-to-apples' comparisons and providing insights into best practices.
 
Through this collaboration, Northern Trust will provide advanced peer group analytics, and is building interactive reporting dashboards, making it easier for clients to benchmark investment and administrative costs. Other benefits include outsourced data scrubbing and communication; enhanced dashboard reporting against peer group; and more competitive peer group analysis.
 
“As our clients continue to face cost pressures in a low interest rate environment, Northern Trust is focused on ways to make their data more transparent and accessible,” says Pete Cherecwich (pictured), Americas head of corporate and institutional services at Northern Trust. “With this solution, we are making it easier for clients to find cost efficiencies that can improve their overall performance.”
 
”We are particularly excited about this collaboration because it will make it easier for our clients to provide the data necessary to benchmark their costs and performance. Our clients have asked for this solution,” says Tom Scheibelhut, managing partner, CEM.

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