Northern Trust to provide Mom service for Lifetime

Multi-manager

Northern Trust is to provide multi-manager portfolios for wrap provider Lifetime Portfolio, partiall...

Northern Trust is to provide multi-manager portfolios for wrap provider Lifetime Portfolio, partially owned by Norwich Union. The wrap service launches later this year and Northern Trust will provide access to its manager of managers (Mom) funds via the platform. The funds will be Lifetime Portfolio branded, with mandates ranging from conservative and balanced growth through to global equities and money markets. They will access the group's Dublin-domiciled Mom funds. Michael Short, director at Lifetime, said launching a product linked to funds with established assets gives Lifetime a hu...