Niva WealthLet’s talk

Wilmington Funds Management

SEC-registered adviser since 1984Wilmington, DECRD 105163

$16.1B
AUM
10
Clients
See fees
Fee
34
Advisory staff

From Form ADV filed 30 March 2026 · data retrieved 15 October 2026SEC record

Wilmington Funds Management is an investment adviser headquartered in Wilmington, Delaware, and registered with the SEC since 1984. Its clients include investment companies.

Its services include portfolio management for investment companies. Fee arrangements include a percentage of assets under management. M&T Bank Corporation owns 75% or more of Wilmington Funds Management, and Edna Warren is its CEO.

Clients

Wilmington Funds Management serves 10 clients. The average client has about $1.61 billion with the firm.

Regulatory assets by client type
  • Investment companies10 clients100%
Show client breakdown
Investment companies
Clients
10
Regulatory AUM
$16,075,278,633
Share
100.0%
Avg. per client
$1.61B

Total

Clients
10
Regulatory AUM
$16,075,278,633
Share
100%
Avg. per client
$1.61B

What it does

Wilmington Funds Management provides portfolio management for investment companies. It is paid through a percentage of assets.

Wilmington Funds Management provided financial planning to 0 clients last fiscal year and advises no private funds.

100.0% of assets ($16.08B across 10 accounts) are managed with discretion. 0% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

Custodians

Wilmington Funds Management does not have custody of client assets.

Managed account assets by custodian
  • All other custodians$16.08B100%

Ownership and leadership

M&T Bank Corporation owns 75% or more of Wilmington Funds Management, and Edna Warren is its CEO.

Who owns the firm
Wilmington Funds Management Corporation· the adviser

  • M&T Bank Corporation

    Control person · since May 2001

    Owns 75% or more of Wilmington Funds Management Corporation

Leadership

  • Edna Warren
    Chair of the Board and Chief Executive Officer
  • Andrew Baldauf
    Executive Vice President and Chief Compliance Officer
  • Matthew Glaser
    Executive Vice President, Head of Equity and Non-Traditional Investments
  • John Kelley
    President
  • John McDonnell
    Senior Vice President, Chief Operations Officer, and Assistant Secretary
  • Anthony Roth
    Senior Executive Vice President, Chief Investment Officer and Director
  • Luke Tilley
    Executive Vice President & Chief Economist
  • Randy Vogel
    Executive Vice President & Head of Fixed Income
  • Gerald Baker
    Director
  • Michael Keane
    Director
  • Lisa Roberts
    Director

Staff

  • 39 employees
  • 34 in advisory functions

Fees

Wilmington Funds Management is paid through a percentage of assets under management.

Wilmington Funds Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Wilmington Funds Management has 1 office, with 2 listed addresses across 2 states.

Listed office addresses by state

Delaware · 1 listed address

  • 1100 North Market Street, WilmingtonHQ

Other business names

Wilmington Funds Management has reported 1 other business name to the SEC.

  • Wilmington Investment Management

Registration details

Legal name
Wilmington Funds Management Corporation
Headquarters
1100 North Market Street, Wilmington, DE 19890-0001
Phone
302-651-8118
Website
Not reported
SEC file
801-22071
Structure
Delaware corporation
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Wilmington Funds Management have?

Wilmington Funds Management has 10 clients and manages $16.1 billion for them, as of March 2026.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026

What services does Wilmington Funds Management offer?

Wilmington Funds Management provides portfolio management for investment companies.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does Wilmington Funds Management have?

Wilmington Funds Management has 0 investment adviser representatives registered with state securities authorities, out of 39 employees, and 34 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

Who owns Wilmington Funds Management?

Wilmington Funds Management’s direct owner is M&T Bank Corporation (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026

How does Wilmington Funds Management get paid?

Wilmington Funds Management is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 30 March 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 105163.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

Download source data (JSON)How this directory is compiledReport a correction

This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Wilmington Funds Management Corporation and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.