SEC CIK #0001604325
Wilmington Trust, National Association/TA is a transfer agent regulated by the U.S. Security and Exchange Commission .
In this regard, what does Wilmington Trust do?
Wilmington Trust provides personal trust services for clients of financial professionals. We are a full-service trust company, providing all of the services available from a typical bank or trust company with one notable exception: Wilmington Trust does not offer investment management services.
| Type | Subsidiary |
|---|---|
| Number of employees | 2,672 |
| Parent | M&T Bank |
| Website | wilmingtontrust.com |
Besides, what is a managed trust account?
Trust Accounts (or Trust Funds) are private legal arrangements where asset ownership—including cash, stocks, bonds, real estate and valuables such as antiques and works of art—is transferred to a trust and managed by a person or a group of individuals for the benefit of others.
When did M&T Bank acquire Wilmington Trust?
May 16, 2011
What is a trust do?
A trust is a fiduciary arrangement that allows a third party, or trustee, to hold assets on behalf of a beneficiary or beneficiaries. Trusts can be arranged in many ways and can specify exactly how and when the assets pass to the beneficiaries.
Is a trust a managed account?
Trust accounts are managed by a trustee on behalf of a third party. Parents often open trust accounts for minor children. An account in trust can include cash, stocks, bonds, and other types of assets.
Who owns M&T?
First Empire State Corporation
| Type | Public company |
|---|---|
| Revenue | $6.455 billion (2019) |
| Net income | $1.918 billion (2019) |
| Total assets | $120.097 billion (2019) |
| Total equity | $15.460 billion (2019) |