Northwestern Mutual Wealth Management

Headquarters

611 E Wisconsin Avenue, Ste. 100
Milwaukee, WI 53202
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.00% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.00% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Northwestern Mutual Wealth Management is an FDIC insured institution located in Milwaukee, WI. It was founded in 2001 and has approximately $0.29 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57093
Date Established 2001
Assets $ 291.96 million
Loans N.A.
Deposits $ 50.50 million
Capital $ 186.25 million
 

For a more detailed analysis of Northwestern Mutual Wealth Management's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 20, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 20, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Northwestern Mutual Wealth Management

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.574% 2.500% 1.00 $2,445 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to Northwestern Mutual Wealth Management
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Branches

Northwestern Mutual Wealth Management branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Northwestern Mutual Wealth Management Locations


Financial Details

Northwestern Mutual Wealth Management Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Northwestern Mutual Wealth Management. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Northwestern Mutual Wealth Management U.S. Bank Average
0% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Northwestern Mutual Wealth Management had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $186,253,000 in equity and $0 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Northwestern Mutual Wealth Management U.S. Bank Average
49.7% 7.80%

Northwestern Mutual Wealth Management has a Return on Equity of 49.7% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Northwestern Mutual Wealth Management U.S. Bank Average
63.79% 12.68%

Northwestern Mutual Wealth Management has a Capitalization of 63.79% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Northwestern Mutual Wealth Management Balance Sheet Analysis

As of March 31, 2020, Northwestern Mutual Wealth Management had assets of $291,960,000, loans of $0, and deposits of $50,500,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 0.69 million
Interest-bearing balances N.A.
Total securities $ 286.59 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases N.A.
Loan loss allowance N.A.
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 4.68 million
     Total Assets $ 105.71 million
LIABILITIES
Total deposits $ 50.50 million
      Interest-bearing deposits $ 50.50 million
      Deposits held in domestic offices $ 50.50 million
      % insured (estimated) 0.99%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 55.21 million
      Total Liabilities $ 105.71 million
      Shareholders’ Equity $ 186.25 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.73 million
Total Interest Expense $ 0.24 million
Net interest income $ 1.49 million
Provision for loan and lease losses N.A.
Total non interest income $ 258.98 million
Total non interest expense $ 225.30 million
Pre-tax Net Operating Income $ 35.17 million

Bank Loan Profile?

The top three loan types in Northwestern Mutual Wealth Management’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Northwestern Mutual Wealth Management’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans nan
Multifamily
Mortgages
nan
Credit Card Loans nan
Consumer Auto Loans nan
Small Business Loans nan
Construction and Development Loans nan
Commercial Real Estate nan
Commercial and Industrial Loans nan
Farm Loans nan

Frequently Asked Questions About Northwestern Mutual Wealth Management

Branches and Savings

Is Northwestern Mutual Wealth Management FDIC insured?

Yes. It is covered under FDIC Certificate #57093.

Why does Northwestern Mutual Wealth Management pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Northwestern Mutual Wealth Management CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Northwestern Mutual Wealth Management a commercial bank?

Yes

Where are Northwestern Mutual Wealth Management locations?

See branch locations nearby.

Is Northwestern Mutual Wealth Management open on Saturdays?

Is Northwestern Mutual Wealth Management open on Sundays?

What time does Northwestern Mutual Wealth Management open?

What time does Northwestern Mutual Wealth Management close?

Are Northwestern Mutual Wealth Management ATMs Open 24/7?

Do Northwestern Mutual Wealth Management ATMs accept cash deposits?

Can Northwestern Mutual Wealth Management customers use other ATMs?

Do Northwestern Mutual Wealth Management branches have notaries?

Will Northwestern Mutual Wealth Management notarize my document?

What address for Northwestern Mutual Wealth Management should I put for incoming ACH transfers?

Will the Northwestern Mutual Wealth Management branch print checks?

Do Northwestern Mutual Wealth Management checks expire?

Does Northwestern Mutual Wealth Management require US citizenship to open account?

Can Northwestern Mutual Wealth Management close my account?

Does Northwestern Mutual Wealth Management Report to credit bureaus?

Does Northwestern Mutual Wealth Management Use Equifax?

What is Northwestern Mutual Wealth Management's ACH Routing Number?

What is Northwestern Mutual Wealth Management's SWIFT code?

Products

Does Northwestern Mutual Wealth Management offer mortgages?

Compare mortgage rates here.

Does Northwestern Mutual Wealth Management offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Northwestern Mutual Wealth Management offer personal loans?

Compare personal loan rates here.

Does Northwestern Mutual Wealth Management offer student loans?

Will Northwestern Mutual Wealth Management cash a check?

Will Northwestern Mutual Wealth Management redeem a savings bond?

Does Northwestern Mutual Wealth Management cash savings bonds?

Will Northwestern Mutual Wealth Management cash money orders?

Can Northwestern Mutual Wealth Management issue a money order?

Does Northwestern Mutual Wealth Management do currency exchange?

Background on The Bank

Who owns Northwestern Mutual Wealth Management?

How long has Northwestern Mutual Wealth Management been around?

Can Northwestern Mutual Wealth Management transfer to other banks?

Does Northwestern Mutual Wealth Management have quick pay?

Does Northwestern Mutual Wealth Management accept rolled coins?

Will Northwestern Mutual Wealth Management accept loose change?

Where is Northwestern Mutual Wealth Management headquarters?

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