Wilmington Trust Investment Advisors: AUM & Ownership

Clients

Wilmington Trust Investment Advisors serves 155 clients, 49 of them charitable organizations. The average client has about $115 million with the firm, and high-net-worth clients hold 0% of its $17.8 billion in assets.

Regulatory assets by client type

Investment companies1 clients9%
Pension and profit-sharing plans21 clients20%
Charitable organizations49 clients9%
State or municipal government entities15 clients15%
Corporations and other businesses49 clients7%
OtherOther, High-net-worth individuals, Insurance companies40%

Show client breakdown

Client type	Clients	Regulatory AUM	Share	Avg. per client
High-net-worth individuals	6	$36,470,579	0.2%	$6.08M
Investment companies	1	$1,597,037,352	9.0%	$1.60B
Pension and profit-sharing plans	21	$3,623,187,023	20.3%	$172.5M
Charitable organizations	49	$1,547,787,432	8.7%	$31.6M
State or municipal government entities	15	$2,614,986,358	14.7%	$174.3M
Insurance companies	8	$327,657,958	1.8%	$41.0M
Corporations and other businesses	49	$1,266,816,861	7.1%	$25.9M
Other	6	$6,816,901,081	38.2%	$1.14B
Total	155	$17,830,844,644	100%	$115.0M

High-net-worth individuals

Clients: 6
Regulatory AUM: $36,470,579
Share: 0.2%
Avg. per client: $6.08M

Investment companies

Clients: 1
Regulatory AUM: $1,597,037,352
Share: 9.0%
Avg. per client: $1.60B

Pension and profit-sharing plans

Clients: 21
Regulatory AUM: $3,623,187,023
Share: 20.3%
Avg. per client: $172.5M

Charitable organizations

Clients: 49
Regulatory AUM: $1,547,787,432
Share: 8.7%
Avg. per client: $31.6M

State or municipal government entities

Clients: 15
Regulatory AUM: $2,614,986,358
Share: 14.7%
Avg. per client: $174.3M

Insurance companies

Clients: 8
Regulatory AUM: $327,657,958
Share: 1.8%
Avg. per client: $41.0M

Corporations and other businesses

Clients: 49
Regulatory AUM: $1,266,816,861
Share: 7.1%
Avg. per client: $25.9M

Other

Clients: 6
Regulatory AUM: $6,816,901,081
Share: 38.2%
Avg. per client: $1.14B

Total

Clients: 155
Regulatory AUM: $17,830,844,644
Share: 100%
Avg. per client: $115.0M

What it does

Wilmington Trust Investment Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters and other activities. It is paid through a percentage of assets and fixed fees.

Wilmington Trust Investment Advisors provided financial planning to 0 clients last fiscal year and advises no private funds.

99.6% of assets ($17.76B across 3,520 accounts) are managed with discretion; $67.7M across 20 accounts are not. 0% of clients are outside the U.S., and 3 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end

Stocks19%
Funds23%
Bonds48%
- State and local bonds25%
- U.S. government and agency bonds16%
- Investment grade corporate bonds7%
Cash9%

Filed values cover 99%. The neutral 1% gap has no reported category.

Custodians

Wilmington Trust Investment Advisors has custody of client assets.

Managed account assets by custodian

All other custodians$17.83B100%

Ownership and leadership

Manufacturers and Traders Trust Company owns 75% or more of Wilmington Trust Investment Advisors, and Edna Warren is its CEO.

Who owns the firm

Wilmington Trust Investment Advisors, Inc.· the adviser

Manufacturers and Traders Trust Company
Control person · since April 2003
Owns 75% or more of Wilmington Trust Investment Advisors, Inc.
- M & T Bank Corporation
  Control person · since November 1969
  Owns 75% or more of Manufacturers and Traders Trust Company

Leadership

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

Staff

104 employees
74 in advisory functions
17 state-registered reps

Fees

Wilmington Trust Investment Advisors is paid through a percentage of assets under management and fixed fees (other than subscription fees).

Wilmington Trust Investment Advisors’ fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Wilmington Trust Investment Advisors has 15 offices, with 16 listed addresses across 9 states.

Listed office addresses by state

Delaware · 1 listed address

Wilmington Trust Center, 1100 North Market Street, WilmingtonHQ

Other business names

Wilmington Trust Investment Advisors has reported 1 other business name to the SEC.

Wilmington Investment Management

Registration details

Legal name: Wilmington Trust Investment Advisors, Inc.
Headquarters: Wilmington Trust Center, 1100 North Market Street, Wilmington, DE 19890-0001
Phone: 646-531-7248
Website: www.wilmingtontrust.com
SEC file: 801-50883
Structure: Maryland 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 Trust Investment Advisors have?

Wilmington Trust Investment Advisors has 155 clients and manages $17.8 billion for them, as of August 2026. They include 49 charitable organizations, 49 corporations and other businesses and 21 pension and profit-sharing plans.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 27 August 2026

What services does Wilmington Trust Investment Advisors offer?

Wilmington Trust Investment Advisors provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters and other activities.

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

How many financial advisors does Wilmington Trust Investment Advisors have?

Wilmington Trust Investment Advisors has 17 investment adviser representatives registered with state securities authorities, out of 104 employees, and 74 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

What does Wilmington Trust Investment Advisors invest in?

At the end of its last fiscal year, Wilmington Trust Investment Advisors’ separately managed accounts held 25% state and local bonds, 23% registered funds (mutual funds, ETFs, BDCs), 19% exchange-traded equities, 16% U.S. government and agency bonds, 9% cash and equivalents and 7% investment grade corporate bonds. It advises no private funds of its own.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Wilmington Trust Investment Advisors?

Wilmington Trust Investment Advisors is owned through a trust by M & T Bank Corporation. Its direct owner is Manufacturers and Traders Trust Company (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 27 August 2026

How does Wilmington Trust Investment Advisors get paid?

Wilmington Trust Investment Advisors is paid through a percentage of assets under management and fixed fees. 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