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wealth management

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 […]

Navigating metaverse investments
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 […]

Yount, Hyde and Barbour acquires Woodcock & Associates PC
May 26, 2022

YHB to acquire Md. accounting firm

Winchester-based accounting and consulting firm Yount, Hyde and Barbour (YHB) will acquire Maryland-based firm Glass Jacobson PA on July 1. Financial details of the transaction were not disclosed in Wednesday’s announcement. “We are excited to welcome the Glass Jacobson team to the YHB family,” YHB Managing Partner Scott Moulden said in a statement. “We expect […]

“Congress is looking at ways to raise additional revenue and taxes and ultimately [may] discourage people from investing in IRAs,” says Jeff Grinspoon, managing director and partner of VWG Wealth Management at Hightower Advisors in Vienna. Photo by Will Schermerhorn
Nov 19, 2021

Supersize means

Watch your nest egg, particularly if it is extra-large. As Congress scrambles to hike taxes on the wealthy and fund trillions of dollars in social spending, legislators see a potential goldmine in so-called mega individual retirement accounts. Mega IRAs, defined as individual retirement accounts containing at least $5 million, are being touted as a hot […]

Old Point Trust names new president and CEO
Sep 16, 2021

Old Point Trust names new president and CEO

Hampton-based Old Point Trust & Financial Services has a new president and CEO, its parent company announced Thursday. A. Eric Kauders Jr., who led Bank of America’s $16 billion fiduciary business in three states, started his new job this week, succeeding Eugene M. Jordan II, now Old Point Financial Corp.’s general counsel and corporate secretary. […]

Aug 29, 2021

Finance | Insurance

JOHN ASBURY PRESIDENT AND CEO, ATLANTIC UNION BANKSHARES, RICHMOND A native of Radford who graduated from Virginia Tech and received his MBA at William & Mary, Asbury now leads the largest regional bank headquartered in Virginia. Atlantic Union, which employs 1,839 people in Virginia, reported $677 million in revenue in 2020. It also has $19.6 […]

Valley Wealth Group buys former Truist office in Roanoke
Jul 11, 2021

Valley Wealth Group buys former Truist office in Roanoke

A Truist Bank office in Roanoke was sold for $1.9 million in late June, Cushman & Wakefield | Thalhimer announced. VWG/RNK Properties LLC purchased the 6,715-square-foot office building at 3119 Chaparral Drive from Truist.  The property will be the future location of Valley Wealth Group, a Roanoke-based financial management firm. Barry Ward and Price Gutshall […]

Eugene M. Jordan II. Photo Courtesy Old Point Financial Corp.
Apr 23, 2021

Old Point Trust begins search for new chief

Old Point Trust & Financial Services President, Chairman and CEO Eugene M. Jordan II will become general counsel and corporate secretary for the Hampton-based wealth management services provider’s parent company, Old Point Financial Corp. Jordan, who has been Old Point Trust’s president and CEO for 19 years, will remain in his position as he aids […]

Feb 1, 2021

Wells Fargo to lay off 320 Henrico County employees

The investment management and financial brokerage business unit of Wells Fargo & Co., Virginia’s third-largest bank by 2019 deposits, will lay off 320 employees from its Henrico County office. The wealth and investment management jobs are moving to some of the bank’s larger locations, Wells Fargo Advisors spokesperson Shea Leordeanu said in a statement. Wells […]

Mitch York
Nov 17, 2020

Abingdon investment advisory firm names chief investment officer

Investment adviser Concord Asset Management, a division of Abingdon-based Concord Wealth Partners, announced Monday it has hired Mitch York as its inaugural chief investment officer.  York was most recently the manager of portfolios and investment with Fairfax-based Edelman Financial Services, where he managed a $24 billion investment program. In his new role, he will oversee […]

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