Wilmington Trust Investment Management LLC is a large advisory firm based in Wilmington. It manages $1.98 billion of regulatory assets for 12,647 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Wilmington Trust Investment Management provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Wilmington Trust Investment Management LLC is $1.98 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -54% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Wilmington Trust Investment Management LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals and pooled investment vehicles. The largest group of clients of Neil Edward Wolfson is individuals with 12,643 clients and $1.69 billion of assets under management. Among the 11 most similar advisory firms, Wilmington Trust Investment Management has the 2nd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $1.98 billion for 12,647 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Wilmington Trust Investment Management also advises several private funds. Namely, one real estate fund, two other private funds, and one private equity fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.
The company employs 52 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Neil Edward Wolfson has been acting as President since 1 Nov 2006. Mary Ellen Reilly joined the executive team most recently as the Elected Manager.
The principal office where Wilmington Trust Investment Management LLC performs its advisory services is located at Wilmington Trust Center, Wilmington, DE 19890 0001, which is also the mailing address of the firm. An additional office of the firm is in Buffalo, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (302) 651-8118 or by fax (302) 427-4772. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday.