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January 4, 2013     Cape Gazette
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January 4, 2013

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38 FRIDAY, JANUARY 4- MONDAY, JANUARY 7, 2013 BUSINESS & REAL ESTATE cape Gazette WSFS Investment 6roup Inc. hires new financial advisor Michael Connor was previously VP at Income & Estate Planning Group," said Russell M. Hanscom III, senior vice presi- dent and investment group manager, registered representa- tive of INVEST. "His profes- sional financial services experi- ence and strong work ethic will be invaluable assets when creat- ing sound investment plans for our clients." Prior to joining WSFS, Con- nor was vzce president at In- come & Estate Planning Part- ners P.A. in Newark, where he was responsible for business de- velopment, management of the sales force and raising assets. WSFS Financial Corp., the parent company of WSFS Bank, recently announced that Michael ]. Connor has joined WSFS Investment Group Inc. as a financial advisor. WSFS In- .vestment Group is a subsidiary of WSFS Bank providing bro- kerage, retirement and insur- ance ,services to its clients through INVEST Financial Corp., member FINRA, SIPC. INVEST is not affiliated with WSFS Bank or WSFS Invest- ment Group. "We are thrilled to welcome Mike to the WSFS Investment MILFORD SCHOOL DISTRICT RECEIVES $3,OOO FROM CHAMBER SUBMITTED PHOTO THE CHAMBER OF COMMERCE for Greater Milford recently presentecl the Milford School District with a $3,000 check from a portion of the pro- ceeds from the 6th Annual Holiday Auction/Tastes of Milford. Shown at the presentatioq are (I-r) Pete Renzi, i.g. Burton; Laurie Judd, CCGM; Barbara Steele, Taste of Milford chair; Jo Schrneiser, CCGM; Dr. Sylvia Henderson, Milford School District; Milford Buccaneer; Cyndi McDongeU, Milford School District; Shawn Snyder, Milford School District; Karen Sun; " quist, Milford School District; and Craig Warrington, Milford School District For information about the Milford School District contact Henderson at 302-422-1639 or email For questions concerning the Chamber of Commerce for Greater Milford call 302-422-3344, ernail milford@rnilfordcharnber.corn or look on Facebook. Previously, he was employed at ING Financial Solutions as an internal sales consultant for six years. Connor is an INVEST registered representative, holds Series 7, 63 and 65 registrations as well as the Resident Agent Life Insurance license, and is currently seeking his Certified Financial Planner certification. A resident of Newark, Connor is a graduate of Widener Uni- versity with a bachelor of science in business ad- ministration and concen- tration in fi- nance. He also holds a master of business Michael J. Connor administra- tion from Goldey-Beacom College. Con- nor is an adjunct'faculty profes- sor in Goldey-Beacom College's MBA Program. As an. active member in the community, he volunteers regularly with Habi-. tat for Humanity, Delaware Money School and Delaware Youth Leadership Network. WSFS Financial Corp. is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest, locally managed bank and trust company headquar- tered in Delaware, with $4.3 bil- lion in assets on its balance sheet and $15.8 billion in fiduci- ary assets, including approxi- mately $1.1 billion in assets un- der management. For more in- formation, go to www.wsfs- Corporate, Partnership & Individual Tax Services Tax Planning Bookkeeping Services Payroll Reports & W2 Forms Quickbooks Consulting Accounting & Auditing Services Estate & Financial Planning Call for an appointment 302-644,8600 1143 Savannah Road, Savannah Station Suite 2, Lewes, DE 19958 Serving all three counties with other offices at: 1309 Philadelphia Pike 200 S. DuPont Blvd, Suite 107 Wilmington. DE 19809 Smyrna, DE 19977 302 -798-2300 302 -653-2585 Caring for your European Import is our Specialty! Diagnostic & Mechanical Service Specialist with over 25 years experience. COMPLIMENTARY DIAGNOSTIC SCAN with a Mobil 1TM Oil Service (CHECK-ENGINE LIGHT, ABS, ETC.) Rudy's 17475 Nassau Commons Blud.Lewes, DE 19958 EuROpEANMoTORCARS302.645.6410 Edith Continued from page 37 paid off and is just in her name. We own four additional invest- ment properties, all on mortgages. I would like toput a mortgage on the paid-off property, but appar- ently there are regulations that prevent this. Any suggestions as to how I could put a mortgage on the paid- off property? I did come across some lending companies that would do loans for around 6per- cent on a N-year term, but I am hoping to get a mortgage at around 3.5percent or lower. I also thought about transferring own- ership to my oldest son, who is 18 and just started college, but sus- pect he could not obtain a mort- gage and there may be tax impli- cations ifI do a transfer. - W.S. Answer: Yes, forget the 18-year- old. You say you can't mortgage that property, but then you say you could do it at a rate you don't like. Frankly, I don't think you'll rend rates of 3.5 or lower for rental property. These days you must expect to pay more when borrowing on investment property than you would for an owner-occupied residence. At any rate, it shouldn't cost anything to consult some mort- gage brokers. They're specialists in putting borrowers and lenders together, and if anything is avail- able, they should know about it. Edith Lank will respond personally to any question sent to May all your days be merry and bright. A safe and joyous season to everyone. Like a good neighbor, State Farm is there." Jeanine O'Donnell, Agent 16583 Coastal Hwy. Lewes, DE 19958 Bus: 302-644-3276 Eric Blondin, Agent 18958 Coastal Hwy. #2 Rehoboth Beach, DE 19971 Bus: 302-227-4663 rfsidecoverage.corn 00$tateFarm M State Farm Life Insurance Company. (Not licensed in MA, NY or Wl) State Farm Life and Accident Assurance )901021.1 Company (Licensed in NY and Wl) Bloomington, IL