Institutional Investment Management By Independent Investment Advisers
Wilmington Trust Fiduciary Services Company utilizes independent investment management
firms as advisers in the management of its collective investment trust portfolios.
These are established firms that manage money for institutions including Fortune
500 companies, major universities and endowments.
Wilmington Trust Fiduciary Services Company uses qualitative and quantitative analysis
to search for appropriate investment advisers to make the buy and sell recommendations
for the portfolios. An adviser may be hired only after undergoing a rigorous screening
process. This process includes:
A determination that the adviser meets specific targets for growth, low volatility
and a strength of performance relative to similar advisers, and
An assessment of an adviser's history, assets under management, investment discipline
and performance consistency through market cycles. This research results in a hand-picked
selection of some of the most highly regarded institutional investment advisers
in the business.
Ongoing Investment Adviser Review
Once an adviser is included in the Wilmington Trust Fiduciary Services Company program,
it is continually monitored. The ongoing investment adviser review is a process
which ensures that the:
Portfolio is in compliance with the investment parameters in its portfolio disclosure
document, which states the objective of the portfolio and its investment parameters;
Adviser is conducting its duties with the same style and discipline which led to
its original appointment;
Adviser is applying the same or better resources and commitment for which it was
In addition to the daily monitoring that takes place to make sure that the portfolio
guidelines and objectives are adhered to, the following reviews also take place:
Periodically, the investment committee for Wilmington Trust Fiduciary Services Company,
meets to formally review the portfolios;
On an annual basis, a meeting with each adviser takes place. If an adviser underperforms
its benchmark for three consecutive quarters, the meeting schedule is accelerated.