India, July 7 -- Wintrust Financial Corp. (WTFC) announced late Monday that its unit Wintrust Private Trust Company, N.A., has agreed to acquire the guardianship services business of Northern Trust Corp. (NTRS), a provider of wealth management, for an undisclosed amount.
The deal is set to close later in 2026, subject to customary conditions.
The guardianship services business provides court-appointed fiduciary and financial oversight services for individuals unable to manage their own affairs due to age, disability or incapacity. Northern Trust's guardianship services manages about $1.2 billion in assets.
Wintrust said the deal will expand its guardianship services in Chicago and surrounding counties.
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