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Wilmington Trust Investment Management Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Wilmington Trust Investment Management (WTIM) is headquartered in the Delaware city it takes its name from. The firm also has offices in Atlanta, Georgia; Baltimore, Maryland; Buffalo, New York and Williamsport, Pennsylvania.

WTIM employs a large team of advisors, many of whom are also broker-dealer representatives. This means that when selling securities, these brokers are not required to uphold the fiduciary standard of putting clients’ interests first. Instead, they are obligated only to make suitable recommendations. When wearing their advisor hat, though, they are required to act as fiduciaries.

Wilmington Trust Investment Management Background

WTIM was founded in 2005. It’s a wholly owned subsidiary of Wilmington Trust Corporation, which is owned by M&T Bank Corporation. (M&T, by the way, stands for Manufacturers and Traders.) The parent company is a publicly-traded bank holding company whose ticker symbol is MTB.  

Being part of a large bank, WTIM is affiliated with a number other financial services companies. They include: Wilmington Trust Investment Advisors, Inc.; M&T Securities, Inc.; Manufacturers and Traders and Trust Company (M&T Bank); Wilmington Funds Management Corporation and Wilmington Trust Company.

Wilmington Trust Investment Management Client Types and Minimum Account Sizes

Less than five of WTIM’s individual clients have a high net worth. The rest, less affluent individual clients number 12,643, according to recent Securities and Exchange Commission (SEC) data. The firm also works with private investment funds (whose investors are not included these numbers). 

The minimum for separately managed accounts (SMAs) is $3,000,000. The firm's Separate Account Strategy carries a minimum of $100,000,000. Other accounts and strategies may have separate minimums.

Services Offered by Wilmington Trust Investment Management

As just noted, WTIM offers investment management through two wrap programs. The Investment Advantage program is currently closed to new clients. The open Portfolio Architect program offers an array of investment strategies, ranging from conservative to aggressive.

WTIM also advises four private investment funds, collectively called the Rodney Square Private Funds. They each require a $250,000 minimum investment.

Wilmington Trust Investment Management Investing Philosophy

When evaluating securities, the firm may use fundamental, technical and quantitative forms of analysis. For the private funds, it may engage the services of third-party money managers. M&T Bank’s investment committee sets the overall strategy for asset allocations of WTIM’s wrap fee programs. As noted before, these programs offer strategies that run the gamut, from conservative to aggressive. Generally, assets are invested in exchange-traded products, mutual funds, individual securities, closed-end funds and/or model portfolios.

Fees Under Wilmington Trust Investment Management

Wrap fees are a percentage of assets under management (AUM). In the separately managed account program, they follow this tiered schedule:

Annual Wrap Fees  for the Portfolio Architect Program
AUM Annual Fee
First $3,000,000 1.10%
Next $2,000,000 0.80%
Next $5,000,000 0.60%
Next $10,000,000 0.50%
Above $20,000,000 0.45%

The firm's Separate Account Strategy charges an annual fee of 0.25% of AUM. Fees payable to WTIM through the Rodney Square Private Funds are detailed separately through the documents of each individual account. As you can see, fees vary significantly depending on the type of account you have open with WTIM.

What to Watch Out For

Wilmington Trust Investment Management has a clean legal and regulatory record in the eyes of the SEC.

WTIM advisors do not offer financial planning. If you need help with estate planning or other non-securities-related advice, this firm may not be a good fit.  

Also, some advisors are also brokers. If you are working with an advisor who has dual roles, make sure you know which hat they are wearing when making a recommendation. Brokers have a lower “suitability” requirement while advisors must work in clients’ best interests.

Opening an Account With Wilmington Trust Investment Management

If you're interested in working with Wilmington Trust Investment Management, go ahead and reach out over the phone to get in touch most easily. You can also visit the firm in person or reach out via its website.

All information is accurate as of the writing of this article. 

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How Long $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.