PFP2424. Passion Assets: Managing Fine Wine & Art Collections

In this session, you will learn from two experts about the characteristics, challenges, and opportunities of investing in two of the most popular passion assets: fine wine and art. Passion assets, including collectibles, are a unique category of alternative investments (which are different from conventional investments like stocks and bonds) that appeal to collectors and connoisseurs who appreciate their aesthetic, cultural, or historical value. Unlike traditional financial assets, investing in passion assets is often driven by emotional factors and personal preferences, rather than purely economic considerations. Join to learn more about the asset class of passion assets, including how, why, and whether to invest in them, how to manage these assets, and the opportunities they present, including Next Gen planning.

Learning Objectives:

• Distinguish passion assets’ attractive returns, diversification benefits, tax advantages, and intergenerational wealth transfer opportunities.
• Compare their different risk-return profiles and correlations to traditional investments.
• Identify the intricacies of investing in passion assets including the issues and importance of liquidity, storage and provenance, how to conduct thorough research, perform due diligence, and seek expert guidance.