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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…

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…

2018 Spring Newsletter

In this issue: 401k Rollover: Considering Your Options Dear Madame Francesca… Tell me some things about the new tax law that I don’t know from the incessant repetitive chatter. Signed, Fit To Burst  The Trust Company of Virginia expands into Tennessee TCV App: Introducing a new, convenient option for viewing your accounts.  

Why Fiduciary Standards Should Matter To You.

The U.S. Department of Labor’s (DOL) new Fiduciary Rule is intended to address conflicts of interest that permeate the financial industry.  Although many of our peers have had to alter their business practices to comply with the rule, nothing will change here at The Trust Company of Virginia.  Find out what the new rule intends…

2017 Spring Newsletter

What Your Children In Their 30s And 40s Should Know About Wealth Preservation Are you preparing your beneficiaries for wealth? Trust funds are not always lost to divorce or reckless spending. More often than not, children are simply not educated in wealth preservation. Being a conscientious steward of wealth is a tremendous responsibility. Heirs in their…

2015 Spring Summer Newsletter

Meet Our Investment Team One of the core values of The Trust Company of Virginia is what we call “The Art of Partnership.” Focused exclusively on wealth management and guided solely by our one-on-one client centered approach, one of our major strengths is the close relationship we maintain with each client…