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…
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…
The second quarter of 2019 was signified by a lot of ups and downs and ended higher than where it started – which is pretty much the story of the last twelve months, only on a smaller scale. (link below)
In this issue: Benefits of a Co-Pilot in Portfolio Management Many Hats in Trust Administration You Asked… Q&A Events Around the Company Click on the image below to view our newsletter.
Optimism returned to the markets during the first quarter, following the broad selloff and negative sentiment that struck investors at the close of 2018. The rebound generated the highest quarterly returns in a decade, with the S&P 500 delivering a 13.7% total return year to date and 17.2% since the previous low on 12/24. Global…
Your reference guide to 2019 Tax Rates, College Savings Incentives, IRA and 401(k) Contributions, Affordable Care Act Taxes, ABLE Accounts, and Social Security Benefits. Please click on the image below.
The year 2018 was proclaimed by a finance media that is more adept at coining catchy phrases than giving level-headed advice as the “year when nothing worked”. What a difference a quarter can make in the performance of equity markets…
Even with stocks careening toward bear market territory, default advice from many money experts is often to do nothing. However, in the face of some serious market volatility, it might prove helpful to turn your attention to your own timeline… We invite you to clink on the link below to view article. https://www.cnbc.com/2018/12/20/should-you-do-nothing-amid-market-volatility-it-depends-on-your-age.html …
The Trust Company of Virginia opens office in Tennessee and announces new name—TCV Trust & Wealth Management. In 1993, the company’s first office opened with seven employees in Richmond. Today more than 40 employees are spread among six offices in two states. Recent expansion into Tennessee prompted the company’s leadership team to consider a name…
Two big areas of uncertainty continue to hang over U.S. equity markets and are now joined by a third. While trade policy and Federal Reserve interest rate policy remain among the largest concerns for markets, the approaching midterm elections and associated political uncertainty have started to gain investors’ attention…