Briar Hall
Smith family's Single Family Office · Chicago, Illinois
$100M estimated AUM
AUM figures are estimates compiled from public sources. How we source our data.
About Briar Hall
Briar Hall Management is the single family office of Chicago's Smith family, whose wealth traces to Illinois Tool Works (ITW) and Northern Trust, both founded by the family. The office serves the family's third, fourth and fifth generations, providing integrated wealth management, alternative investments, and trust and fiduciary services. It remains a significant long-term ITW shareholder, holding a stake of roughly 8.9% of the company. Harold Byron Smith Jr., a former ITW vice chairman, led the family until his death in 2022; Dulcie L. Truitt serves as president and chief executive. A third-party estimate places assets under management near $100 million, though the family's disclosed ITW position has been reported at a substantially larger, multibillion-dollar value.
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Frequently Asked Questions
What is Briar Hall?
Briar Hall is a single family office associated with Smith family, based in Chicago, Illinois.
Where is Briar Hall located?
Briar Hall is based in Chicago, Illinois.
How much does Briar Hall manage?
Briar Hall is estimated to oversee approximately $100M in assets. As a private family office it files no public AUM disclosures, so figures are third-party estimates compiled from public sources.