The deal signals a strategic shift for Northern Trust, which has historically functioned as a court-appointed fiduciary in these matters. While the financial terms of the agreement remain undisclosed, the acquisition is expected to finalize later this year. Wintrust has confirmed that the existing employees associated with the unit will transition to their firm upon the completion of the deal. This move consolidates a niche service line under Wintrust's local umbrella, ensuring continuity for clients who rely on corporate entities to navigate complex financial decisions under judicial oversight.