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.
A new analysis finds long-running fiscal woes coupled with impacts from the One Big Beautiful Bill Act stand to erode the major pillar for retirement income planning.
Caz Craffy, whom the Department of Justice hit with a 12-year prison term last year for defrauding grieving military families, has been officially exiled from the securities agency.
After years or decades spent building deep relationships with clients, experienced advisors' attention and intention must turn toward their spouses, children, and future generations.
The customer’s UBS financial advisor allegedly mishandled an options strategy called a collar, according to the client’s attorney.
An expansion to a 2017 TCJA provision, a permanent increase to the standard deduction, and additional incentives for non-itemizers add new twists to the donate-or-wait decision.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
