Even Art and Sculpture are now being used to manage wealth by some private investment teams.
I won't be surprised if portraits and handicrafts become a major asset class for the HNW Clients.
Due Diligence Risks remain, and the possibility of money laundering can't be ruled out!
I won't be surprised if portraits and handicrafts become a major asset class for the HNW Clients.
Due Diligence Risks remain, and the possibility of money laundering can't be ruled out!
Wealth Management as a subject is rapidly evolving.
Private Banking and Wealth Management Teams are offering all kinds of exciting financial and portfolio management solutions for the long term.
Hence, managing the risks of such transactions requires new paradigms.
Private Banking and Wealth Management Teams are offering all kinds of exciting financial and portfolio management solutions for the long term.
Hence, managing the risks of such transactions requires new paradigms.
For e.g. I was speaking to a Wealth Manager at a conference a few years back!
He told me that even Aged Cigars and certain Alcoholic Products such as Cognac, Wine, and Champagne, etc. It is a great investment, as their value augments, as time passes by!
He told me that even Aged Cigars and certain Alcoholic Products such as Cognac, Wine, and Champagne, etc. It is a great investment, as their value augments, as time passes by!
What about ancient and medieval books?
What about memoirs, & monographs/treatises?
What about stamps?
What about ancient and medieval ornaments?
What about wartime collections such as Roman Era Military Helmets, etc?
What about ancient and medieval jewels, currency and coins?
What about memoirs, & monographs/treatises?
What about stamps?
What about ancient and medieval ornaments?
What about wartime collections such as Roman Era Military Helmets, etc?
What about ancient and medieval jewels, currency and coins?
They are collectors of both historic & luxury items everywhere
The Wealth Managers need to find ways of developing an auction market, bringing buyers and sellers together, and creating transparent prices for collections that should be recorded at the point of sale as transactions
The Wealth Managers need to find ways of developing an auction market, bringing buyers and sellers together, and creating transparent prices for collections that should be recorded at the point of sale as transactions
The vibrant art scene and market in London can provide a setting for auctioneering of not just portraits, but, other collector items in a transparent manner.
That would provide wealth managers with more liquidity and better risk management options.
That would provide wealth managers with more liquidity and better risk management options.
Period Homes are in great demand.
Most of the owners of period properties enlisted as per local property and national heritage regulations in different grades can also offer great wealth management avenues via RE/ PE investment houses that have an exit strategy
Most of the owners of period properties enlisted as per local property and national heritage regulations in different grades can also offer great wealth management avenues via RE/ PE investment houses that have an exit strategy
Pushing every HNWI High Net worth Institutional Client in the direction of Hedge Funds and Alternative Asset Management is the worst possible mistake wealth managers make!
Hedge Funds after fee deduction usually do not offer decent risk-adjusted returns.
Hedge Funds after fee deduction usually do not offer decent risk-adjusted returns.
Cash Commodities, Precious Metals and other Natural and Mineral Resources are offering decent returns in certain categories.
How to enter and exit from such a market requires a great deal of expertise.
Wealth managers and private bankers, usually are not equipped for it
How to enter and exit from such a market requires a great deal of expertise.
Wealth managers and private bankers, usually are not equipped for it
How will you do the due diligence on vanilla plantations in Madagascar?
Vanilla is a highly lucrative plant that can offer superb financial returns on investment.
But, going through the Alternative Investment Route to park wealth is fraught with operational and financial risks.
Vanilla is a highly lucrative plant that can offer superb financial returns on investment.
But, going through the Alternative Investment Route to park wealth is fraught with operational and financial risks.
I am not too sure how accounting for fungible items or non-traditional investment asset classes poses materiality risks within the book of accounts, etc
because accounting entries for certain wealth management activities might not be recognizable with the standards aka #IFRS.
because accounting entries for certain wealth management activities might not be recognizable with the standards aka #IFRS.
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