Steven L. Fradkin
The Guardian
What holds, and what fails, under pressure, standards and accountability.
Steven L. Fradkin reads as The Guardian because his leadership is organised around custodianship measured in generations, not quarters. As President of Northern Trust Wealth Management, he inverts the typical institutional reflex, backing into asset deployment only after understanding family goals and subordinating commercial instinct to client purpose.
“Yeah, I think, Barry, I'd offer a couple of themes on this. And I don't know that I'd narrow these themes to an interest in investments or finance, although I think they do overlap.”
“Yeah, I think our response is really you have to remember what you're trying to do with that Munibhond portfolio. No one is saying it's a great high returning asset class, but that's not its role.”
“I think in keeping with that theme of mentors or periods of time that interest me I've really enjoyed the splendid and the vial by Eric Larson, which is about Churchill and the Blitz of World War II. And again, it... It helps you to see just how dire the circumstances were and what he and others had to navigate through.”
“Generations and so forth. And so the process is the same, but as you accumulate more money in general, you have more flexibility. The ultra i net worth also have more investment optionality.”
Masters in Business: “Steven L. Fradkin on the Creation of Wealth (Podcast)”
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