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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