Wilmington Trust Company History and Investment Services

Wilmington Trust Company has a rich history that spans over 200 years. Founded in 1903 as the Delaware Trust Company, it has undergone several mergers and acquisitions, ultimately becoming the Wilmington Trust Company we know today.

The company's early years were marked by a focus on trust services, with a strong emphasis on providing high-quality financial management and investment advice to its clients. This commitment to excellence has remained a core value of the company to this day.

In the 1990s, Wilmington Trust began to expand its services to include investment management and private banking, recognizing the growing demand for comprehensive wealth management solutions. This strategic move helped the company establish itself as a leading provider of financial services.

Wilmington Trust's roots date back to 1903 when it was founded by a group of Wilmington-area businessmen.

The company started out as a small trust company, providing fiduciary services to local clients.

Wilmington Trust's early growth was driven by its commitment to providing high-quality trust and investment services to individuals and families in the Delaware area.

In 1987, Wilmington Trust was acquired by MBNA Corporation, a leading credit card issuer.

This acquisition marked a significant turning point for the company, allowing it to expand its services and reach a wider customer base.

Under MBNA's ownership, Wilmington Trust continued to grow and evolve, eventually becoming a leading provider of corporate and institutional banking services.

Wilmington Trust Investment Management offers a range of investment services tailored to individual client needs.

WTIM focuses solely on portfolio management, providing customized portfolios through separately managed accounts (SMAs).

The firm exclusively manages client accounts on a discretionary basis, giving them full control over investment decisions and transactions.

WTIM's investment strategy is built on asset allocation, finding a strategic mix of assets that aligns with a client's risk tolerance and goals.

Wilmington Trust Investment Management focuses solely on portfolio management, not offering financial planning or consulting services.

They provide portfolio management through separately managed accounts (SMAs), which can be tailored to individual clients' needs.

WTIM exclusively manages client accounts on a discretionary basis, giving the firm full control over investment decisions and transactions.

Their investment strategy is built on asset allocation, finding a strategic mix of assets that aligns with a client's risk tolerance and goals.

Assets are invested in a range of products, including exchange-traded products, mutual funds, individual securities, closed-end funds, and model portfolios.

To evaluate and select investments, the firm relies on fundamental, technical, and quantitative methods of analysis.

Management fees for investment management services can vary depending on the firm and the specific services offered. Wilmington Trust Investment Management charges fees for their SMAs, or separately managed accounts.

Their tiered schedule is based on the assets under management, or AUM. This means that the more money you have invested, the lower the annual fee as a percentage of AUM.

For the first $3,000,000 in assets, the annual fee is 1.10%. This means that if you have $3,000,000 invested, you'll pay 1.10% of that amount as a management fee.

The fee structure changes for assets between $3,000,001 and $5,000,000, with a lower annual fee of 0.80%. This is a 0.30% reduction in the fee compared to the first tier.

Assets between $5,000,001 and $15,000,000 are charged an annual fee of 0.60%. This is a 0.20% reduction from the previous tier.

For assets above $20,000,000, the annual fee is 0.45%. This is a significant reduction from the first tier, reflecting the economies of scale for larger investments.

Here's a summary of the fee schedule for Wilmington Trust Investment Management:

Wilmington Trust offers a range of account types, including personal checking and savings accounts, as well as business accounts.

You can open a Wilmington Trust account online, by phone, or in person at one of their locations.

Their accounts are FDIC-insured, which means your deposits are insured up to $250,000.

Wilmington Trust's online banking platform allows you to manage your accounts, pay bills, and transfer funds from your mobile device or computer.

You can also set up alerts to notify you of large transactions or low account balances.

Their customer service team is available to answer any questions you may have about your account.

Wilmington Trust offers a range of business banking services, including cash management and credit services.

Their cash management services provide businesses with a single point of access to manage their finances, with features such as online banking and mobile deposit.

Wilmington Trust's credit services offer businesses access to lines of credit and other financing options to help them manage cash flow and grow their business.

Their experienced bankers work closely with businesses to understand their unique financial needs and develop customized solutions to meet those needs.

Selling a CIT business can be a complex process, but understanding the key steps can make it more manageable.

The first step is to determine the value of the business, which is typically done through a valuation process. This process can take several months to a year or more to complete.

A CIT business is often valued based on its cash flow, with a multiplier applied to determine its worth. For example, a CIT business with a cash flow of $1 million might be valued at $3 million.

A well-prepared business plan is essential to attract potential buyers, as it outlines the business's financials, operations, and growth prospects. A good business plan can also help to identify areas for improvement and increase the business's value.

The sale process typically involves engaging with a business broker or attorney who specializes in CIT business sales. They can help to identify potential buyers, negotiate the sale, and ensure that the transaction is completed smoothly.

The sale of a CIT business can be structured in various ways, including a cash sale, a leaseback arrangement, or a sale-leaseback arrangement. The chosen structure will depend on the business's financial situation and the buyer's preferences.

Haskell v is a type of business transaction that involves the transfer of goods or services in exchange for payment. It's a straightforward process, but one that requires careful planning and execution to ensure a smooth transaction.

In a Haskell v transaction, the seller delivers goods or services to the buyer, and the buyer pays for them in full. This type of transaction is often used for large or complex purchases.

The key to a successful Haskell v transaction is communication. Sellers and buyers must work together to ensure that the goods or services meet the buyer's requirements and that payment is made in a timely manner.

A good example of a Haskell v transaction is the sale of a business asset, such as a piece of equipment or a building. The seller delivers the asset to the buyer, and the buyer pays for it in full.

Wilmington Trust had a strong organizational structure in place, led by a seasoned executive team.

The company's leadership was headed by Robert V.A. Harra Jr., who served as the President and CEO from 2006 to 2010.

This leadership team oversaw the company's operations and made key strategic decisions, ensuring the company's continued growth and success.

In the 60s and 70s, the organizational structure of many companies was characterized by a hierarchical system, with a clear chain of command and a focus on specialization.

This structure allowed for efficient decision-making and a strong sense of accountability.

As a result, companies like IBM and General Motors thrived during this period, with IBM's divisional structure and General Motors' functional structure being notable examples.

Their hierarchical systems enabled them to respond quickly to changing market conditions and maintain a competitive edge.

However, this structure also limited opportunities for innovation and creativity, as employees were often restricted to their specific roles and responsibilities.

The rigid structure of the time made it difficult for companies to adapt to new technologies and changing market needs.

Our company has a strong foundation of principal subsidiaries that play a crucial role in its overall organizational structure.

Wilmington Trust Company is one of the key subsidiaries, providing a range of financial services to its clients.

Wilmington Trust of Pennsylvania is another important subsidiary, serving the financial needs of its customers in the state.

Wilmington Trust FSB is also a subsidiary, offering financial services to its clients.