Question about Somatic and material components

Hi 

Short question about magic components.

I play a Wizard for many sessions now but always keeped one hand free for casting. 

The situation is: Wizard with War Caster Feat and Arcane Grimoire +1. 

My question is could i still cast with Somatic and material components, if i hold a wand (e.g. Wand of Web) in the second hand?

Yes you can if the spell doesn’t consume its materials and doesn’t specify a cost for them. You must have a hand free to access Material components, but it can be the same hand used to perform Somatic components. 

Somatic (S): A spellcaster must use at least one of their hands to perform these movements.

Material (M): The spellcaster must have a hand free to access them, but it can be the same hand used to perform Somatic components, if any. If a spell doesn’t consume its materials and doesn’t specify a cost for them, a spellcaster can use a Component Pouch instead of providing the materials specified in the spell, or the spellcaster can substitute a Spellcasting Focus if the caster has a feature that allows that substitution.

 If the spell consume its materials or specify a cost for them, then you'll have to stow one of your magic item and access it specifically. 

Ok thanks. 

yeah i would drop the wand. For me the wands are more toys for creative play.

At the moment i have a wand of web and a wand of wonders to play around with