Northern Trust tightens San Diego focus with new market leader

Northern Trust tightens San Diego focus with new market leader
The latest promotion in the firm’s wealth division will oversee strategic growth and services in the high-net-worth hotspot.
JUL 17, 2024

Northern Trust is signaling its emphasis on a key California market with a new promotion in its wealth management unit.

The firm announced that it has appointed Ali Nafii as the new market leader for its wealth management division in San Diego. In this role, Nafii will oversee strategic growth and direct services for high-net-worth individuals and families in the area.

Nafii, who joined Northern Trust in 2015, previously served as client development market lead and senior portfolio advisor in Orange County. His new responsibilities will include leading a team that offers investment management, trust, banking, and advisory solutions to some of San Diego’s most prominent families, businesses, and nonprofits.

Northern Trust Wealth Management is known for providing comprehensive wealth management services to affluent individuals and families, family offices, foundations, endowments, and privately held businesses.

Northern Trust’s technology and degree of service has made its wealth arm a force to be reckoned with, boasting $420.6 billion in AUM as of March 31.

In a statement, Michele Havens, west region president of Northern Trust Wealth Management, endorsed his approach to working with clients.

“Ali combines a balanced, cross-functional perspective with exceptional service,” said Havens, to whom Nafii will be reporting. “He appreciates the individuality of each of our clients and guides collaborative teams to develop custom plans that help them achieve their goals.”

She underscored the “remarkable growth” in the San Diego market last year, with “impressive new business results” in the region.

“We are confident that Ali’s commitment will reinforce keeping service excellence and client priorities at the center of everything we do,” she said.

Before joining Northern Trust, Nafii worked at Jarislowsky Fraser, the global investment firm.

Latest News

Powell heads for hot-seat hearings with ongoing pressure from Trump policies
Powell heads for hot-seat hearings with ongoing pressure from Trump policies

The Fed chair is in for some "hyper-charged" meetings, with legislators likely to raise questions on tariff threats and apparent steps to comply with anti-DEI orders.

Revealed: The InvestmentNews Top Advisors for 2025
Revealed: The InvestmentNews Top Advisors for 2025

Driven by long-term vision and a steadfast commitment to client service, the top-ranking advisors are reaching new heights of success.

Trepidation at SEC as Trump workforce overhaul casts shadow on agency
Trepidation at SEC as Trump workforce overhaul casts shadow on agency

While the regulator's lawyers may be exempt, a federal effort to purge workers is causing uncertainty across its broader employee base.

Prime Capital Financial, Carnegie expand Eastern footprints
Prime Capital Financial, Carnegie expand Eastern footprints

The two national RIA firms are bolstering their presence separately in Georgia and Connecticut with new billion-dollar acquisitions.

Embattled TD Bank eyes $14B raise in Schwab stake exit
Embattled TD Bank eyes $14B raise in Schwab stake exit

The banking giant is looking to sell its interest in the online brokerage giant amid the continuing fallout of its historic money-laundering settlement with federal regulators.

SPONSORED Taylor Matthews on what's behind Farther's rapid growth

From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.

SPONSORED Why wealth advisors should care about the future of federal tax policy

Blue Vault features expert strategies to harness for maximum client advantage.