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Institutional Investment Management By Independent Investment AdvisersWilmington 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.
Adviser Selection 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 ReviewOnce 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 originally chosen.
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.
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