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Choosing the Right Private Wealth Management Firm for Your Financial Future

January 4, 2025 Guest Author

Key Takeaways: Define clear financial goals using the SMART criteria to guide your wealth management strategy. Assess your risk tolerance to inform your investment strategy—whether conservative, moderate, or aggressive. Conduct a comprehensive review of your current financial situation to identify strengths and gaps. Investment management should align your portfolio with financial goals while considering risk tolerance. Utilize tax planning strategies to minimize liabilities and maximize wealth accumulation. Engage in thorough estate planning to ensure your legacy and wishes are honored. Evaluate firms based on credentials, experience, and client-centric approaches to…

Virginia’s Auto Insurance Laws Are Changing in 2025 — Here’s What Drivers Need to Know

January 4, 2025January 3, 2025 Marc

Virginia drivers are gearing up for significant changes in their auto insurance policies as a new law enforces higher minimum liability coverage effective January 1, 2025. Designed to offer better financial protection, the updates are expected to impact premiums and reshape coverage across the state. Understanding the New Virginia Insurance Requirements Beginning in 2025, the minimum liability coverage limits for Virginia drivers will rise from the current $30,000 per person, $60,000 per accident, and $20,000 for property damage (commonly referred to as 30/60/20) to a higher threshold of $50,000 per…