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Direct addition of ~$1.2B AUM and expanded Chicago footprint may lift WTFC's fee-based revenue and client base; near-term impact depends on deal terms and integration success.
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Wintrust Financial to acquire Northern Trust's guardianship services business, adding about $1.2B in assets under management and expanding its fiduciary platform in Chicago and surrounding counties. The deal is expected to close later this year with undisclosed terms, signaling a strategic expansion with potential near-term revenue uplifts from cross-selling to guardianship clients.
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