PAOLI, Pa., Jan. 12, 2015 (GLOBE NEWSWIRE) -- Malvern Federal Savings Bank (the "Bank"), the wholly owned subsidiary of Malvern Bancorp, Inc. (Nasdaq:MLVF) (the "Company"), has announced that it has entered into a strategic partnership with Bell Rock Capital, LLC, an SEC registered investment advisory firm based in Delaware and with satellite offices in Pennsylvania and Florida. The strategic partnership with Bell Rock Capital will facilitate the ability of the Bank's clients to access the wealth management products and services offered by Bell Rock Capital.
Bell Rock Capital manages client assets as separately managed accounts for high-net-worth individuals and families as well as corporations, banks and insurance companies. The firm also acts as a co-fiduciary on 401(k) plans from start-ups to multi-million dollar plans. The company utilizes proprietary research as well as technology-driven investment tools to manage its clients' accounts in the Philadelphia area and around the world.
Cassandra Toroian, founder and chief investment officer of Bell Rock Capital, is frequently sought as an expert resource on general market issues as well as the banking industry by national media including The Wall Street Journal, CNBC and Bloomberg TV. The Wall Street Journal once named Toroian an "All Star" analyst for her stock picking. She is the author of "Don't Buy the Bull: Dispelling Disastrous Investment Advice and Money Myths in Our New Economy," written in 2009, in which she offered insights on how to navigate tough economic times.
"Cassandra and her team bring outstanding institutional-level experience and highly customized investment advisory services to Malvern Federal clients," said Anthony C. Weagley, the bank's president and CEO. "Our partnership with Bell Rock is part of the bank's strategy of providing the highest quality products and services to Malvern Federal clients."
About Malvern Federal
Malvern Bancorp, Inc. is the holding company for Malvern Federal Savings Bank. Malvern Federal Savings Bank is a federally-chartered, FDIC-insured savings bank organized in 1887, and it now serves as one of the oldest banks headquartered on Philadelphia's Main Line. For more than a century, Malvern Federal has been committed to helping people build prosperous communities as a trusted financial partner, forging lasting relationships through teamwork, respect and integrity. The Bank conducts business from its headquarters in Paoli, Pennsylvania, a suburb of Philadelphia, as well as seven financial centers located throughout Chester and Delaware Counties, Pa. Its primary market niche is providing personalized service to its client base. The Bank focuses its lending activities on retail clients, commercial lending to small and medium-sized businesses, real estate developers and high-net-worth individuals.
About Bell Rock Capital, LLC
Bell Rock Capital, LLC is an SEC Registered Investment Advisor, based in Delaware, with satellite offices in South Florida and Pennsylvania. The firm focuses on Separately Managed Accounts, for both high net worth individuals, families, and corporate entities. In addition, we manage and act as co-fiduciary on 401K plans for employers all over the U.S. We utilize proprietary research as well as technology-driven investment tools to manage accounts and conduct fundamental and technical analysis on the companies and investment instruments we consider before investing. Our mission is to deliver returns consistent with client goals over the long term.
For further information regarding Malvern Bancorp, Inc., please visit our web site at http://www.malvernfederal.com.
For further information regarding Bell Rock Capital, LLC please visit www.bellrockcapital.com.
Forward-Looking Statements
This press release contains certain forward looking statements. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like "believe," "expect," "anticipate," "estimate" and "intend" or future or conditional verbs such as "will," "would," "should," "could" or "may." Certain factors that could cause actual results to differ materially from expected results include changes in the interest rate environment, changes in general economic conditions, legislative and regulatory changes that adversely affect the business of Malvern Bancorp Inc., and changes in the securities markets. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements to reflect changes in beliefs, expectations or events.