Breakout Session 03: Holding the Reins on Passion Investments

As Benjamin Franklin once stated, “If passion drives you, let reason hold the reins.” High net worth individuals often accumulate substantial assets in the form of art, jewelry, wine and as an element of equestrian actives and equine ownership. While the pursuit of these passions can become sound financial investments…they can also add considerable risk if not adequately managed, properly secured and appropriately protected. As the “holder of the reins”, advisors are often placed in the position of, by necessity, stepping beyond the emotions and providing a sense of reality when it comes to successful implementation strategies and sound decision making processes.

So…what do you need to know about these unique asset classes? Who can you call upon for support in managing and valuing these collections? And…how do you become the voice of reason on passion investments?