Private Banking for Professional Practices
WSFS Private Banking provides services for medical and dental practices and accounting and law firms that are designed with flexibility in mind for busy professionals and their businesses. You receive individual attention from a dedicated, responsive, and experienced partner. We offer a full range of customized business solutions for every stage of your business.
Commercial mortgages can be used for purchase and or renovation of owner-occupied real estate.
Term loans can be used for equipment financing, ownership buyout loans, partnership capital-loans, business expansion loans, start-up medical and dental practice financing, and leasehold improvements.
Working capital includes lines of credit for short-term funding needs such as malpractice insurance premiums, bonus payouts or general working capital needs.
Commercial Deposit Accounts
Commercial deposit accounts can be tailored to your practices’ needs.
Cash management includes online banking and bill pay, remote deposit, lockbox services, merchant services, and fraud protection services.
Business Retirement Plans
We believe that your employees deserve the ability to retire on their terms as a reward for a lifetime of hard work. We champion this cause by working with you to create a comprehensive retirement plan. Our goal is to help you create a successful investment strategy that has both high participation and high deferral percentages. Both vendor and investment neutral, we act as your true independent consultant.
Securities Backed Line of Credit
A securities-backed line of credit enables you to borrow money using your eligible marketable securities. This credit solution can satisfy your cash needs without selling assets and potentially disrupting your long-term investment plan.1 Prepare for unexpected opportunities with immediate access to funds whenever a need arises.
Frequently Asked Questions
Why Choose WSFS?
Investment Products: Are Not FDIC Insured | May Lose Value | Are Not Bank Guaranteed
1 A decrease in the value of the collateral will require principal repayments to bring the account back into compliance.
Senior Vice President, Director
A WSFS financial expert will help you find the right solution.
In December 2022, Congress passed the $1.7 trillion Consolidated Appropriations Act to avert a shutdown and fund the federal government for fiscal year 2023. Attached to this 4,126-page bill is the Secure Act 2.0, which changes retirement planning as we know it.Read More
As we begin a New Year, we often reflect on the past and make resolutions for the future. Last year brought many challenges within the overall financial markets. In an effort to fight inflation the Fed raised interest rates from near zero to a range of 4.25% to 4.5%, the fastest pace since the 1980s.Read More
The end of the year is a good opportunity to make sure you're still on track toward your financial goals. In this panel, Bryn Mawr Trust experts share tips on how reviewing your portfolio and personal finances now could potentially help reduce your tax liability.Read More