Northern Trust reported a 10.3 per cent rise to $123 billion in assets under fee-based management for its personal financial services divisi...

Northern Trust reported a 10.3 per cent rise to $123 billion in assets under fee-based management for its personal financial services division at the end to the second quarter compared with the end of 2005. No income figures were given for the PFS division at the Chicago-based money manager, but Northern Trust said trust, investment and other servicing fees rose 10 per cent year-on-year in the second quarter to $192.9 million. Northern Trust said in a statement that revenue growth continued to be broad-based, with the wealth management group reporting year-on-year rises, although no figures were given on the results statement.