Wilmington (NYSE:WL)
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Wilmington Trust, one of the nation’s leading
wealth advisory firms, announced that it has received Plexus Plan
Sponsor Group, Inc.’s Gold Iceberg Award for
2005 in recognition of its ability to provide best-trade execution for
its investment management clients.
For the second consecutive year, Wilmington Trust placed first in Plexus
Plan Sponsor Group’s ranking of more than 50
funds exercising oversight on more than 900 equity asset managers. Given
annually since 2002, the Gold Iceberg Award acknowledges funds whose
aggregate trade execution efficiency lands in the top quartile of Plexus
Plan Sponsor Group’s fund and plan sponsor
universe.
“It is extremely gratifying to have achieved
the top ranking in Plexus Plan Sponsor Group’s
annual trade execution evaluation once again,”
said Robert M. Balentine, chairman and CEO of Wilmington Trust
Investment Management. “This honor underscores
Wilmington Trust’s commitment to providing
world-class service to our investment management clients.”
Wilmington Trust’s investment management
approach is to diversify intelligently using a forward-looking asset
allocation process, take advantage of opportunities to shift among asset
classes and investment styles as necessary, and find and combine
successful money managers for clients’
portfolios.
Plexus Plan Sponsor Group, Inc. specializes in pre- and post-trade cost
analysis and transition management consulting. It is wholly owned
subsidiary of Investment Technology Group, Inc. (NYSE:ITG), a leading
provider of technology-based equity trading services and transaction
research. In granting its Gold Iceberg Awards, Plexus Plan Sponsor Group
embraces the belief that an investment management firm’s
or plan sponsor’s thorough review of its
asset managers’ transaction costs results in
more efficient trade execution, which is highly valuable to clients.
“In an era of single-digit returns, no one
can afford to pay unnecessary costs from the assets of their funds,”
said Steven Glass, manager, Plexus Plan Sponsor Group. “This
award helps demonstrate that Wilmington Trust’s
diligence in exercising oversight on asset managers can result in
superior trade execution quality and contribute to delivering better
investment performance.” Mr. Glass added that
Plexus Plan Sponsor Group’s Gold Iceberg
analysis represents a “best practice”
due diligence program for plan fiduciaries.
Wilmington Trust Corporation (NYSE:WL) is a financial services holding
company that provides Regional Banking services throughout the Delaware
Valley region, Wealth Advisory Services for high-net-worth clients in 22
countries, and Corporate Client Services for institutional clients in 81
countries. Its wholly owned bank subsidiary, Wilmington Trust Company,
which was founded in 1903, is one of the largest personal trust
providers in the United States and the leading retail and commercial
bank in Delaware. Wilmington Trust Corporation and its affiliates have
offices in California, Connecticut, Delaware, Florida, Georgia,
Maryland, Nevada, New Jersey, New York, Pennsylvania, South Carolina,
Vermont, the Cayman Islands, the Channel Islands, London, Dublin, and
Frankfurt. For more information, visit www.wilmingtontrust.com.
Wilmington Trust, one of the nation's leading wealth advisory
firms, announced that it has received Plexus Plan Sponsor Group,
Inc.'s Gold Iceberg Award for 2005 in recognition of its ability to
provide best-trade execution for its investment management clients.
For the second consecutive year, Wilmington Trust placed first in
Plexus Plan Sponsor Group's ranking of more than 50 funds exercising
oversight on more than 900 equity asset managers. Given annually since
2002, the Gold Iceberg Award acknowledges funds whose aggregate trade
execution efficiency lands in the top quartile of Plexus Plan Sponsor
Group's fund and plan sponsor universe.
"It is extremely gratifying to have achieved the top ranking in
Plexus Plan Sponsor Group's annual trade execution evaluation once
again," said Robert M. Balentine, chairman and CEO of Wilmington Trust
Investment Management. "This honor underscores Wilmington Trust's
commitment to providing world-class service to our investment
management clients."
Wilmington Trust's investment management approach is to diversify
intelligently using a forward-looking asset allocation process, take
advantage of opportunities to shift among asset classes and investment
styles as necessary, and find and combine successful money managers
for clients' portfolios.
Plexus Plan Sponsor Group, Inc. specializes in pre- and post-trade
cost analysis and transition management consulting. It is wholly owned
subsidiary of Investment Technology Group, Inc. (NYSE:ITG), a leading
provider of technology-based equity trading services and transaction
research. In granting its Gold Iceberg Awards, Plexus Plan Sponsor
Group embraces the belief that an investment management firm's or plan
sponsor's thorough review of its asset managers' transaction costs
results in more efficient trade execution, which is highly valuable to
clients.
"In an era of single-digit returns, no one can afford to pay
unnecessary costs from the assets of their funds," said Steven Glass,
manager, Plexus Plan Sponsor Group. "This award helps demonstrate that
Wilmington Trust's diligence in exercising oversight on asset managers
can result in superior trade execution quality and contribute to
delivering better investment performance." Mr. Glass added that Plexus
Plan Sponsor Group's Gold Iceberg analysis represents a "best
practice" due diligence program for plan fiduciaries.
Wilmington Trust Corporation (NYSE:WL) is a financial services
holding company that provides Regional Banking services throughout the
Delaware Valley region, Wealth Advisory Services for high-net-worth
clients in 22 countries, and Corporate Client Services for
institutional clients in 81 countries. Its wholly owned bank
subsidiary, Wilmington Trust Company, which was founded in 1903, is
one of the largest personal trust providers in the United States and
the leading retail and commercial bank in Delaware. Wilmington Trust
Corporation and its affiliates have offices in California,
Connecticut, Delaware, Florida, Georgia, Maryland, Nevada, New Jersey,
New York, Pennsylvania, South Carolina, Vermont, the Cayman Islands,
the Channel Islands, London, Dublin, and Frankfurt. For more
information, visit www.wilmingtontrust.com.