Collectibles are not necessarily the kind of assets that financial advisors focus on but they may be the gateway to developing closer relationships with clients.
Approximately 25% of wealthy investors consider themselves collectors and, on average, they estimate that their collections represent on 10% of their total wealth, according to a new UBS Investor Watch report.
Among the valuables they collect are gold and coins, fine art, precious jewelry, stamps, autos and antiques — whatever their passion. Profit is not the motivation, but the collections are assets that have value.
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Bernice Napach
Bernice Napach is a senior writer at ThinkAdvisor covering financial markets and asset managers, robo-advisors, college planning and retirement issues. She has worked at Yahoo Finance, Bloomberg TV, CNBC, Reuters, Investor's Business Daily and The Bond Buyer and has written articles for The New York Times, TheStreet.com, The Star-Ledger, The Record, Variety and Worth magazine. Bernice has a Bachelor of Science in Social Welfare from SUNY at Stony Brook.
