WSFS Financial Acquires Assets of West Capital Management

October 31, 2016

On October 17, 2016, WSFS Financial Corporation announced it had acquired the assets of West Capital Management.

After the deal, West Capital Management (“West Capital”) will be run as a subsidiary of WSFS Financial Corporation (“WSFS Financial”), but continue to operate as West Capital. Matthew West, founder and CEO of West Capital, will stay on as President of West Capital and all West Capital employees will become WSFS Financial employees post-merger. Further terms of the deal were not disclosed.

WSFS Financial is a financial services company. As of June 30, 2016, WSFS Financial had $1.2 billion in assets under management. West Capital’s headquarters are in Philadelphia. West Capital focuses on investment strategy for high net worth individuals.

West Capital is a fee-only wealth management firm.

To read the press release: please click here.


Categories

Investment Manager M&A, Transactions