WSFS Announces Market Expansion for Bryn Mawr Capital Management
08 Agosto 2023 - 9:00AM
Business Wire
Bryn Mawr Capital Management, a subsidiary of WSFS Financial
Corporation (NASDAQ: WSFS), today announced its expansion into
southern Delaware and the establishment of a new presence in Boca
Raton, Florida, after closing on an asset purchase agreement with a
woman-founded, owned and managed registered investment advisory
firm based in Rehoboth Beach, Delaware.
With this purchase, Bryn Mawr Capital Management welcomes six
new Associates with a deep expertise and understanding of the
industry. With the addition of these new team members, Bryn Mawr
Capital Management is well equipped to provide expert guidance and
tailor-made solutions to Clients seeking to optimize their
financial goals in the rapidly growing beach areas of southern
Delaware and to serve Clients residing in Florida.
Bryn Mawr Capital Management’s expansion into southern Delaware
will be led by accomplished financial advisor Jackie Blue. Ms. Blue
is joined in the Rehoboth office by Andres Bonell and Sally Lawson,
Senior Investment Advisors, Ellen Shea, Investment Advisor, and
Irene Sole, Client Service Associate. The Boca Raton office will be
led by Jackie Reeves, Director of Retirement Plan Services.
“This acquisition bolsters our wealth management capabilities
and expands our reach to better serve diverse Clients across
multiple regions,” said Arthur Bacci, Executive Vice President,
Chief Wealth Officer. “This transaction is consistent with WSFS’
communicated strategy to grow its wealth business and will be
immediately accretive to EPS and ROA.”
Piper Sandler served as M&A advisor and Troutman Pepper
served as legal advisor to Bryn Mawr Capital Management. Park
Sutton Advisors, a Waller Helms Company, served as the seller’s
M&A advisor in the transaction.
About WSFS Financial Corporation
WSFS Financial Corporation is a multibillion-dollar financial
services company. Its primary subsidiary, WSFS Bank, is the oldest
and largest locally-headquarter headquartered bank and trust
company in the Greater Philadelphia and Delaware region. As of June
30, 2023, WSFS Financial Corporation had $20.4 billion in assets on
its balance sheet and $67.9 billion in assets under management and
administration. WSFS operates from 114 offices, 88 of which are
banking offices, located in Pennsylvania (59), Delaware (39), New
Jersey (14), Virginia (1) and Nevada (1) and provides comprehensive
financial services including commercial banking, consumer banking,
treasury management and trust and wealth management. Other
subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr
Capital Management, LLC, Bryn Mawr Trust®, The Bryn Mawr Trust
Company of Delaware, Cash Connect®, NewLane Finance®, Powdermill®
Financial Solutions, WSFS Institutional Services®, WSFS Mortgage®,
and WSFS Wealth® Investments. Serving the Greater Delaware Valley
since 1832, WSFS Bank is one of the ten oldest banks in the United
States continuously operating under the same name. For more
information, please visit www.wsfsbank.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230808218760/en/
Investor Relations: Dominic C. Canuso (302) 571-6833
dcanuso@wsfsbank.com Media: Eric Springer (215) 864-1778
espringer@wsfsbank.com
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