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WL Wilmington Trust Corp. (DE)

4.45
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Wilmington Trust Corp. (DE) NYSE:WL NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.45 0.00 01:00:00

Wilmington Trust Recognized for Best-Trade Execution in Investment Management

06/11/2006 8:25pm

Business Wire


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.

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