Wsfs Capital Management, LLC (Philadelphia)

Wsfs Capital Management, LLC is a large advisory firm based in Philadelphia. It manages $716.09 million of regulatory assets for 1,704 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Delaware, Florida, and 8 other states.

Wsfs Capital Management provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Wsfs Capital Management: assets under management

The assets under management (AUM) of Wsfs Capital Management, LLC is $716.09 million. The firm's AUM has grown by 10% since the beginning of its operation, and $3.39 million of the total AUM is attributable to clients outside of the United States.

The firm manages $715.4 million in discretionary accounts and $693.09 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $421.07 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $138.62 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 76% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio. Investments in state and local bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wsfs Capital Management, LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Wsfs Capital Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Wsfs Capital Management is high net worth individuals with 209 clients and $601.82 million of assets under management. Among the 10 most similar advisory firms, Wsfs Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $709.09 million for 355 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Wsfs Capital Management doesn't advise any private funds.

Careers at Wsfs Capital Management, LLC

The company employs 13 people that are either part- or full-time employees. 77 percent of the employees work as investment advisers or researchers. 10 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Wsfs Financial Corp.	Member	1 Aug 2016	75% - 100%	22-2866913
Mark Anthony Gordon	Cco	1 Sep 2016	Other	4729123
Matthew Edward West	President and board member	1 Oct 2016	Other	2057782
Paul David Geraghty	Chairman of the board	1 Oct 2016	Other	3010184
Rodger Levenson	Board member	1 Oct 2016	Other	3010405
Christopher Joseph Topolewski	Chief compliance officer	1 Oct 2016	Other	4557469
Dane Francis Czaplicki	Director of research	1 Oct 2016	Other	4372354
Dominic Christopher Canuso	Board member	1 Jan 2017	Other	6775462
Joseph William Nagle	Treasurer and secretary	1 Jan 2017	Other	6765773
Terry Anne Wettergreen	Chief compliance officer	1 Mar 2017	Other	4163327
Charles Daniel Martin	Chief compliance officer	1 Mar 2018	Other	5578493
Arthur John Bacci	Chairman of the board	1 Jun 2018	Other	4126232
James Joseph Wechsler	Board member	1 Mar 2019	Other	7087634
Stephen Paul Clark	Board member	1 Mar 2019	Other	7157451
Harrison Randolph Gelber	Chief compliance officer	1 Jul 2019	Other	6287958

Based in Philadelphia

The principal office where Wsfs Capital Management, LLC performs its advisory services is located at 1818 Market Street, Philadelphia, PA 19103, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 215.731.1820 or by fax 215.731.1419. The normal business hours are 9-5 on Monday - Friday.