Chesapeake Wealth Management (CWM), a sister company to Chesapeake Bank, marks a milestone anniversary this year. Founded in 1973 as the Northern Neck’s first-ever trust company at Chesapeake National Bank, CWM has evolved over 50 years into a thriving, holistic wealth management company with a dedicated, community-minded team of experienced wealth advisors, portfolio managers and trust officers providing premier investment and trust services to clients across Virginia and nationally.
Currently, CWM has a portfolio of over 400 client relationships with individuals, families, companies, and nonprofit organizations. Its main offices are in the Northern Neck, Greater Williamsburg, the Middle Peninsula and Richmond. An exciting period of growth in Eastern Virginia is on the horizon with a new office coming soon in Newport News.
CWM’s team embraces a sophisticated, concierge-style approach to growing and protecting the assets entrusted to them. “All of our portfolio management, investment and trust services are completely in-house, which distinguishes us from other wealth management firms in the area,” said CWM President John Sadler. “We never outsource the management of investments or trustee duties. Not only can we help grow and protect assets with no hand-offs, but we can also help pass down and manage clients’ legacies for their loved ones. We enjoy a lot of multigenerational relationships in the communities we serve.”
Sadler proudly noted that the CWM team’s credentials are second to none among its local competitors. The team includes top industry designations such as a Chartered Financial Analyst® (CFA®), Certified Trust and Fiduciary Advisor (CTFA), and Certified Wealth Advisor (CWS®), as well as Chris Sikes, CFP® certificant, Felicia Stovall, CFP® certificant, and a trust and estates attorney with over 30 years of experience. “We can do everything that big nationally known companies can do, but with a local touch and proven track record of serving our communities,” he said.
Clients receive exceptional personal service from CWM. “We listen intently to their individual situations so we can provide a customized solution to help them reach their financial goals,” said Jean Light, Senior Wealth Management Advisor, who joined the trust department in 1981. “Our approach is not cookie-cutter. It’s very disciplined, prudent, and uniquely tailored for each client.”
CWM works closely with clients not only on their monetary assets but also on their intangible assets, such as their philanthropic interests, to ensure those values live on after them. “We like to say we are in the business of ‘peace of mind grown locally,’” Sadler said.
The company’s unwavering passion for investing in communities has remained constant for half a century. In the Williamsburg community, CWM gives back in many ways, including generous sponsorships, countless employee volunteer hours, and by managing numerous local accounts for churches, foundations, and nonprofits- all at discounted fee rates.
“Despite continued growth since 1973, we have remained true to our roots,” Sadler concluded. “We are part of an institution with a 123-year-old tradition of helping clients and communities thrive. Chesapeake Wealth Management has shared the same mindset for 50 years and counting.”
To learn more, visit chesapeakewealth.com or call 888-653-9088.
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