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wealth management

Mar 31, 2025

Wealth advisers reveal ways to avoid bumps

Financial markets have been remarkably resilient this year, with various stock indexes notching new record highs, even as a dizzying number of headlines from Washington, D.C., seem poised to whipsaw investors. Uncertainty persists about how the economy — and, by virtue, financial markets — will fare, given President Donald Trump’s moves to aggressively slash federal […]

Nov 29, 2024

A new era

The days of decades-high interest rates are over, as the Federal Reserve is ushering in a new era for financial markets — and, in turn, shaking up some of the advice money managers are offering their clients. During one of its regularly scheduled meetings in September, the central bank‘s Federal Open Market Committee lowered the […]

Jun 27, 2024

DALAL SALOMON 

When Dalal Salomon first went to work in the financial sector in the 1980s, compensation was strictly on a commission basis. That meant no vacation, no sick leave and no paycheck unless she could drum up clients. At her first firm, where she was a novelty as the first and only female financial planner, she […]

May 30, 2024

Reality bites

Gen Xers are next in line for retirement, and most are far from being prepared financially for their golden years. They face a substantial shortfall of funds needed for retirement and the largest savings gap of any generation. “As the first generation to head into retirement largely without the safety net of a defined benefit […]

Clearstead logo
Apr 25, 2024

Wilbanks Smith and Thomas acquired

Norfolk-based Wilbanks Smith and Thomas Asset Management has been acquired by Cleveland-based registered investment adviser Clearstead Advisors. The companies signed the merger in February 2024. Financial terms of the acquisition, which closed April 1, were not disclosed. Clearstead rebranded WST’s advisory business as Clearstead Advisory Solutions, a division of Clearstead Advisors. A wealt[...]

Lisa Morgan. Photo courtesy Atlantic Union Bank
Mar 20, 2024

Atlantic Union names new Hampton Roads president

Richmond-based Atlantic Union Bank has named Lisa Morgan its new Hampton Roads market president, the Richmond-based bank announced Monday. Morgan will also continue to hold the role of wealth relationship director with the bank’s wealth consulting group, a position she has held since she joined Atlantic Union Bank in 2021. Morgan will be the first […]

Nov 29, 2023

The times they are a-changin’

Talk of a looming recession has seemed endless for the past few years. However, with their eyes on long-term retirement investments, many wealth management advisers’ clients have avoided dramatic, emotion-driven decisions. Educated and guided by advisers, they understand the cyclical nature of investing and therefore are considering varying options on where to put their money. […]

Sep 28, 2023

Bank of America names new Hampton Roads president

Tyrone Noel has been named president of the Hampton Roads region for Bank of America, the bank announced Thursday. As president, Noel will lead 500 employees and operations across the Hampton Roads market and be responsible for growing market share and driving integration across the bank’s eight business lines. He will also lead the bank’s […]

Deborah G. “Deb” Gandy
Jun 6, 2023

NoVa chamber inducts Deb Gandy as next chair

Deborah G. “Deb” Gandy, senior managing director at Chevy Chase Trust Investment Advisors, was inducted as 2023-2024 chair of the Northern Virginia Chamber of Commerce on Tuesday. Gandy, the first Black woman to chair the chamber, previously served as the chamber’s 2022-2023 vice chair and succeeds Matt McQueen, Peraton Inc.’s chief communications and engagement officer, […]

“Market declines do not destroy wealth; how we behave when markets decline is what destroys wealth,” says Stephan Q. Cassaday of McLean-based Cassaday & Co. Photo by Will Schermerhorn
Nov 29, 2022

Staying the course

A tanking economy. Rampant inflation. Whiplash in the stock market. What’s an investor to do? Look for opportunities to rebalance portfolios but, in general, hang tight, wealth management professionals say. Or, as one adviser says, buckle up for a roller coaster ride. The economy is likely to worsen, experts say, and despite dickering among economists […]

Nov 29, 2022

Navigating metaverse investments

Investors itching to get in on the latest tech trend are zooming in on the metaverse — a presumed future virtual or mixed reality iteration of the internet in which users would navigate 3D environments for working, shopping, socializing and entertainment. By some estimates, the metaverse market could balloon to $5 trillion in annual revenue […]

Rebecca Andrick Foster headshot
Nov 29, 2022

Chesapeake Bank CFO appointed COO

Chesapeake Financial Shares Inc. has appointed its chief financial officer, Rebecca Andrick “Becky” Foster, to the additional post of chief operating officer, the Kilmarnock-based parent company of Chesapeake Bank and Chesapeake Wealth Management announced Monday. Foster, who has has been with the company for 27 years, has been its senior vice president and chief financial […]

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