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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…

2019 Q2 Review and Outlook

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)

2019 Q1 Review and Outlook

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…

2018 Q4 Review and Outlook

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…          

Should you really do nothing amid all this market volatility? It depends on your age. (CNBC)

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    …

After 25 Years, Virginia’s Independent Trust Company Expands and Re-brands.

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…