Wilmington Trust Recognized for Best-Trade Execution in Investment Management
07 November 2006 - 7:25AM
Business Wire
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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