Wilmington Trust Investment Management LLC (Wilmington)

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.

Wilmington Trust Investment Management: assets under management

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 firm manages $1.98 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $156.37 thousand each.

Wilmington Trust Investment Management has custody of $284.57 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 87% of the total AUM. The second-largest asset type is exchange traded securities, which make up 10% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

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.

What kind of clients Neil Edward Wolfson serves?

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.

Careers at Wilmington Trust Investment Management LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Edward Wolf	Vice president, chief financial officer	1 Jan 2000	Other	3167518
Llc Balentine Delaware Holding Company	Holding company	1 Jan 2002	75% - 100%	01-0564457
Jeffrey P Adams	Vice president, secretary, chief compliance officer	1 Oct 2004	Other	2598384
Jeffrey Prather Adams	Vice president, secretary, chief compliance officer	1 Oct 2004	Other	2598384
Rodney Paul Wood	Member of board of managers	1 Mar 2005	Other	xxx-xx-xxxx
Matthew James Jr Lynch	Member of board of managers	1 Mar 2005	Other	xxx-xx-xxxx
Robert Mcgee Jr Balentine	President, chief executive officer, member of board of managers	1 Apr 2005	Other	871621
Robert E Jr Reiser	Vice president, chief investment strategist	1 Apr 2005	Other	3188119
Robert James Christian	Vice president, chief economist	1 Apr 2005	Other	xxx-xx-xxxx
S. Allen Snook	Vice president, chief operating officer	1 Apr 2005	Other	xxx-xx-xxxx
Neil Edward Wolfson	Vice president, chief investment officer	1 Apr 2005	Other	xxx-xx-xxxx
Robert Edward Jr Reiser	Vice president, chief investment strategist	1 Apr 2005	Other	3188119
Samuel Allen Snook	Vice president, chief operating officer	1 Apr 2005	Other	xxx-xx-xxxx
Wilmington Trust Corporation	Owner	1 May 2005	75% - 100%	51-0328154
Richard Donovan Young	Vice president, chief compliance officer	1 Jan 2006	Other	1752543
Marilyn Talman	Vice president & secretary	1 Feb 2006	Other	5123010
Dorsey David Farr	Vice president, chief economist	1 Feb 2006	Other	4773383
Robert Mcgee Balentine	Chief executive officer, member of board of managers	1 Nov 2006	Other	871621
Robert Edward Reiser	Vice president, chief investment officer	1 Nov 2006	Other	3188119
Neil Edward Wolfson	President	1 Nov 2006	Other	xxx-xx-xxxx
John James Kelley	Vice president, treasurer, chief operating officer	1 Nov 2006	Other	4868529
Anna M. Bencrowsky	Vice president, chief compliance officer	1 Feb 2007	Other	4808662
Rex Phillip Macey	Senior vice president, chief investment officer	1 Nov 2008	Other	1781700
Robert Samuel Fraundorf	Senior vice president, chief operating officer, member of board of managers	1 Nov 2008	Other	4563263
Adrian John Cronje	Senior vice president, chief investment strategist	1 Nov 2008	Other	5654719
Robert Samuel Fraundorf	President, member of board of managers	1 Aug 2009	Other	4563263
Michael A Digregorio	Member of board of managers	1 Aug 2009	Other	5714087
Christoper Robert Madel	Member of board of managers	1 Oct 2009	Other	1094979
Kenneth Gerard Thompson	Elected manager	1 May 2011	Other	1510315
Gregory Burns Mcshea	Elected manager	1 May 2011	Other	2870963
Elizabeth Anne Hale	Elected manager	1 May 2011	Other	5941591
William J Farrell	Elected manager	1 May 2011	Other	5941642
John James Kelley	Administrative vice president, chief operating officer, treasurer	1 Dec 2012	Other	4868529
Carl William Jordan	Elected manager	1 Dec 2012	Other	2389994
Richard Adam Shatzkin	Elected manager	1 Dec 2012	Other	2413583
Michael P. Pinto	Elected manager	1 Dec 2012	Other	5618358
Christopher Douglas Randall	Elected manager	1 Dec 2012	Other	1567178
Rene Francis Jones	Elected manager, chairman of the board	1 Feb 2014	Other	5073669
Thomas Richard Pierce	Group vice president & chief manager strategist	1 Jun 2014	Other	2389909
Daniel Mark Schultz	Administrative vice president & chief equity officer	1 Jun 2014	Other	4966918
Rex Phillip Macey	Senior vice president & chief allocation officer	1 Jun 2014	Other	1781700
Robert Samuel Fraundorf	Elected manager, senior vice president & chief investment officer	1 Jun 2014	Other	4563263
Christopher Douglas Randall	Elected manager, president	1 Jun 2014	Other	1567178
Robert Samuel Fraundorf	Elected manager, senior vice president, chief investment strategist, chief client officer	1 Nov 2014	Other	4563263
Anthony M Roth	Senior vice president, chief investment officer	1 Nov 2014	Other	4149212
Rex Phillip Macey	Senior vice president	1 Feb 2015	Other	1781700
Robert Samuel Fraundorf	Elected manager, senior vice president & head of portfolio strategy	1 Feb 2015	Other	4563263
Christopher Douglas Randall	Senior vice president, elected manager	1 Feb 2015	Other	1567178
Anthony M Roth	President & chief investment officer	1 Feb 2015	Other	4149212
Shubhro Banerjee	Administrative vice president &director of asset allocation	1 Feb 2015	Other	6455002
Luke Tilley	Vice president & chief economist	1 Feb 2015	Other	6455008
John Franklyn Robbins	Senior vice president & chief compliance officer	1 Mar 2015	Other	1967073
Dominick Joseph D'eramo	Group vice president, head of fixed income, elected manager	1 Aug 2015	Other	1516550
Matthew Douglas Glaser	Group vice president, head of equity and non-traditional investments	1 Feb 2016	Other	2652525
William J Farrell	Executive vice president, wealth and institutional services, elected manager	1 Jun 2016	Other	5941642
Mary Ellen Reilly	Group vice president	1 Jan 2017	Other	5444994
Mary Ellen Reilly	Group vice president	1 Feb 2017	Other	5444994
Doris Powers Meister	Executive vice president, chief executive officer, and chairman of the board	1 Jun 2017	Other	4409577
Eileen Marie Pirson	Elected manager	1 Jul 2017	Other	6858709
Matthew Bromberg	Administrative vice president and chief compliance officer	1 Jan 2018	Other	2918130
Denise Marie Cramer	Elected manager	1 Feb 2018	Other	1715047
David Raymond Breck	Chief compliance officer	1 May 2018	Other	4609970
Kevin J Pearson	Elected manager	1 May 2018	Other	7088183
Mary Ellen Reilly	Elected manager	1 Dec 2018	Other	5444994

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Wilmington Trust Corporation	Owner	1 Dec 2004	75% - 100%	51-0328154
M&T Bank Corporation	Sole stockholder	1 May 2011	75% - 100%	16-0968385

Based in Wilmington

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.