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Wilmington Trust Asset Management
Wilmington Trust Asset Management is an SEC-registered investment adviser in Wilmington, DE, registered since 2023. It manages approximately $271 million in...
Overview
Wilmington Trust Asset Management is an SEC-registered investment adviser in Wilmington, DE, registered since 2023. It manages approximately $271 million in regulatory assets. The firm has 40 employees and 31 investment advisers.
General information
Firm type
Private Equity
Year founded
1903
Location
Region
North America
Country
United States
City
Wilmington
Corporate office
Wilmington, DE, United States
Principals
Doris Meister
Executive Vice President, Head of Wealth Management
Frequently asked questions
What is the relationship between Wilmington Trust and M&T Bank?
M&T Bank Corporation acquired Wilmington Trust in 2011 following Wilmington Trust's financial distress during the real estate crisis. Despite the acquisition, Wilmington Trust continues to operate under its own brand, maintaining its charter, trust powers, and headquarters in Wilmington, Delaware. M&T provides capital support and broader distribution but the wealth management and institutional trust business functions as a distinct division.
How does Wilmington Trust source investment management for its clients?
Wilmington Trust operates primarily as a fiduciary advisor rather than a proprietary asset manager. Its internal investment research team evaluates and selects external third-party managers across asset classes, constructing multi-manager portfolios for clients. The firm does not market its own in-house mutual funds or hedge fund products at scale, which distinguishes its open-architecture posture from many bank-affiliated wealth managers.
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