Breakthroughs in Managing Tangible Assets: Completing the Picture of Wealth
Tangible assets, such as fine art, wine, jewelry, antiques, and classic cars, have finally been recognized as an asset class in their own right. But poor documentation and valuation often create insurance, tax, and estate planning issues for wealthy families. This white paper explores the challenges of tangible asset management and presents seven steps for addressing them, including opportunities for wealth advisors to enhance the service they provide to clients.
The term "art storage" is something of a misnomer as it is not solely focused on the storage of paintings and sculpture. Art storage applies to the safekeeping and preservation of a wide variety of property, everything from prints and jewelry to couture fashion and furniture. This paper details seven crucial characteristics you should seek in an storage provider for valuable property.