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Ask A Trust Officer: Having “The Talk”

DEAR TRUST OFFICER: When should I talk to my children about their inheritances? —THOUGHTFUL PARENT DEAR THOUGHTFUL: As a general rule, sooner is better than later.  An inheritance should not come as a surprise; it is something that requires preparation and planning.  In that way, an inheritance may prove to be more than a temporary…

Coronavirus – what this means for your investments.

In case you haven’t noticed, the news has been a little busy over the past month, with the leading headline a particularly nasty strain of Coronavirus called COVID-19, which is a cousin of the common cold virus that causes flu-like symptoms and can lead to pneumonia. We will leave it to the medical professionals to…

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…

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…