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Should Your Investment Program Be A Trust?
It has been said, investors with $50,000 portfolios have stockbrokers, while those with $5 million have trust officers. That may be true, but it’s also misleading. The fact is, few of our clients are in the truly high-wealth category. A good number of business or professional people, active or retired, count on us to maintain…
Shareholder Update
Due to the current Covid-19 situation, the upcoming annual shareholder meeting will be postponed until later this summer or, at the latest, at our regularly scheduled September 15, 2020 meeting. Please direct questions to: Douglas A. Nunn, Managing Director/CEO, 804.272.9044.
2020 Q1 Review and Outlook
“There are decades when nothing happens, and there are weeks when decades happen.” This quote (by Vladimir Lenin of all people) pretty much sums up the first quarter of 2020, as governments around the world instituted draconian methods to slow the pace of the spread of the Coronavirus (a.k.a. COVID-19). These actions are in essence…
An Update From TCV
Hello Clients and Friends, We hope you are all doing well. What seemed to start out as a “hurricane” style event has turned into one of the biggest disruptions in our lifetime. As a trust-only bank, we have constant operational (state and internal) exams, financial reviews, and oversight that our Board of Directors has the…
Coronavirus Update from the Investment Department: Our Top Priorities Right Now
We hope you are all doing ok and staying safe during this crazy time. Although we are working remotely, we are still hard at work managing your portfolios and the administrators are hard at work ensuring that you get what you need when you need it. The stock and bond markets have been on a…
A Message Regarding Our Response To The Coronavirus.
Like many of you, TCV Trust & Wealth Management is monitoring the COVID-19 news. We would like to let our clients and friends know of our preparation to prevent a business disruption. As a state regulated financial firm, we are required to maintain a Business Continuity Plan that addresses various scenarios which could cause a…
2019 Q4 Review and Outlook
The stock market (and almost every other financial market) finished the decade with a bang, as stocks (as measured by the Vanguard Total Stock Market ETF – VTI) increased 30.7% in 2019, the total U.S. bond market (as measured by the US Aggregate Bond ETF – AGG) returned 8.5% and a 60% stock/40% bond portfolio…
2019 Q3 Review and Outlook
Though full of sound and fury, the stock market signified very little in the third quarter. Despite an inverted yield curve, which is traditionally seen as a recession signal, escalating trade tensions with China and movement toward impeachment, stocks gained an unremarkable 1.7%. (link below)
Ask a Trust Officer: Elderly Parents
DEAR TRUST OFFICER: My parents are retired, living in another state. They have a sizeable investment portfolio and are financially comfortable. However, as they are getting older, they are having trouble keeping up with their paperwork. Last year they were late in making tax payments, very unlike them. I would help them, but I just…
Choice of Trustee
Trust-based wealth management plans are growing in popularity. According to one recent survey, more than half of families whose wealth exceeds $5 million already employ a trust for asset management. More than a third of families whose wealth falls into the $1 million to $5 million range have a trust. The success of a trust…