Wilmington Funds Management Corporation (Wilmington)

Wilmington Funds Management Corporation is an investment adviser to an investment company based in Wilmington. It manages $10.8 billion of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2012.

Wilmington Funds Management Corporation provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Wilmington Funds Management Corporation: assets under management

The assets under management (AUM) of Wilmington Funds Management Corporation is $10.8 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -16% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $10.8 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $899.86 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Wilmington Funds Management Corporation for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John James Kelley serves?

The only and largest group of clients of John James Kelley is investment companies with 12 clients and $10.8 billion of assets under management. Among the 5 most similar advisory firms, Wilmington Funds Management Corporation has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $10.8 billion for 12 clients. None of the firm’s clients are foreign persons or businesses.

Wilmington Funds Management Corporation doesn't advise any private funds.

Careers at Wilmington Funds Management Corporation

The company employs 64 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

John James Kelley has been acting as President since 1 Oct 2006. David Raymond Breck joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Wilmington Trust Corporation	100% shareholder	1 May 2001	75% - 100%	51-00328154
Anna M. Bencrowsky	Vice president, chief compliance officer	1 Oct 2004	Other	4808662
John James Kelley	President	1 Oct 2006	Other	4868529
Robert Samuel Fraundorf	Director	1 Dec 2008	Other	4563263
Kenneth Gerard Thompson	Director	1 May 2011	Other	1510315
Gregory Burns Mcshea	Director	1 May 2011	Other	2870963
Elizabeth Anne Hale	Director	1 May 2011	Other	5941591
Carl William Jordan	Director	1 Dec 2012	Other	2389994
Christopher Douglas Randall	Senior vice president, director	1 Dec 2012	Other	1567178
Richard Adam Shatzkin	Director	1 Dec 2012	Other	2413583
Michael P. Pinto	Director	1 Dec 2012	Other	5618358
Rene Francis Jones	Director, chairman of the board	1 Feb 2014	Other	5073669
Daniel Mark Schultz	Administrative vice president & chief equity officer	1 Jun 2014	Other	4966918
Dominick Joseph D'eramo	Group vice president & chief fixed income officer	1 Jun 2014	Other	1516550
Thomas Richard Pierce	Group vice president & chief manager strategist	1 Jun 2014	Other	2389909
Robert Samuel Fraundorf	Director, senior vice president & chief investment officer	1 Jun 2014	Other	4563263
Rex Phillip Macey	Senior vice president & chief allocation officer	1 Jun 2014	Other	1781700
Anthony M Roth	Senior vice president, chief investment officer	1 Nov 2014	Other	4149212
Anthony Michael Roth	Senior vice president, chief investment officer, director	1 Nov 2014	Other	4149212
Robert Samuel Fraundorf	Director, senior vice president & chief investment strategist, chief client officer	1 Nov 2014	Other	4563263
Robert Samuel Fraundorf	Director, senior vice president & head of portfolio strategy	1 Feb 2015	Other	4563263
Rex Phillip Macey	Senior vice president	1 Feb 2015	Other	1781700
Shubhro Banerjee	Administrative vice president & director of asset allocation	1 Feb 2015	Other	6455002
Luke Tilley	Vice president & chief economist	1 Feb 2015	Other	6455008
Luke Alan Tilley	Group vice president & chief economist	1 Feb 2015	Other	6455008
John Franklyn Robbins	Senior vice president & chief compliance officer	1 Mar 2015	Other	1967073
Matthew Douglas Glaser	Group vice president, head of equity and non-traditional investments	1 Feb 2016	Other	2652525
William James Farrell	Executive vice president, wealth and institutional services, director	1 Jun 2016	Other	5941642
William J Farrell	Executive vice president, wealth and institutional services, director	1 Jun 2016	Other	5941642
Mary Ellen Reilly	Group vice president	1 Jan 2017	Other	5444994
Doris Powers Meister	Executive vice president, chief executive officer, director, chair of the board	1 Jun 2017	Other	4409577
Eileen Marie Pirson	Director	1 Jul 2017	Other	6858709
Jeffrey Maas Seling	Vice president and chief operations officer	1 Sep 2017	Other	3145416
Jeffrey M Seling	Vice president and chief operations officer	1 Sep 2017	Other	3145416
Matthew Bromberg	Administrative vice president and chief compliance officer	1 Jan 2018	Other	2918130
Denise Marie Cramer	Director	1 Feb 2018	Other	1715047
David Raymond Breck	Chief compliance officer	1 May 2018	Other	4609970
Kevin J Pearson	Director	1 May 2018	Other	7088183

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
M&T Bank Corporation	Sole stockholder	1 May 2011	75% - 100%	16-0968385

Based in Wilmington

The principal office where Wilmington Funds Management Corporation performs its advisory services is located at 1100 North Market Street, Wilmington, DE 19890 0001, which is also the mailing address of the firm. An additional office of the firm is in Buffalo, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (302) 651-8118 or by fax (302) 427-4772. The normal business hours are 8:00-5:00 on Monday - Friday.