MANAGEMENT PLANS

TANGIBLE ASSET

TANGIBLE ASSETMANAGEMENT PLANS

Corporate Office – 203.274.8010 Toll Free – 855.632.2646

www.bridgepointrm.comL I S T E N . A D V I S E . E X C E E D .®

Since the financial crisis of 2007/2008, many high net worth families have been reconsidering their investment strategies in an effort to insulate themselves from future market downturns. Recently the wealth advisory community has seen more and more of their clients inquiring about, and making investments in, tangible assets; such as wine, jewelry, cars, memorabilia, and antiques.

Palm Mall Art Advisors was established in 2010 to meet the challenges of a changing market for services in relation to the collection of fine art and other valuables. Tangible Asset Management is the umbrella term describing the key elements of our business. This includes:

» Valuation of the collection or piece

» Advisory services – Independent second opinion of value

» Research and establish provenance

» Negotiate favorable prices and commission rates

» Provide metrics and ROI reports for collections

» Examine issues of title or ownership

WHO IS IN NEED?

There are commonly three types of clients who recognize they may not be fully prepared to address the various challenges associated with their investment in tangible assets.

1. PASSION COLLECTORS

Most collectors are very passionate about the items they have acquired and added to their private collections. Some are active buyers/sellers and therefore tend to be much more aware of current valuations and market trends. But others have amassed their collections over long periods of time and are often out of touch with current market realities. In these cases families are often unaware of appreciating classes and escalating valuations. Their insurance policies are often inadequate; increasing the likelihood of financial loss should they experience a fire, theft or water damage loss. Many collectors fail to disclose the size and value of their collections to their wealth advisory team. This leaves them exposed to future tax penalties as trust and estate plans were built without proper consideration of their tangible assets.

2. NEW BUYERS WHO ARE MAKING “INVESTMENTS” IN APPRECIATING CLASSES

Some clients have sold companies or come into large sums of money through inheritance. As they look to invest their found fortunes they will consider various investment strategies and opportunities. Some will look to make investments in appreciating classes of tangible assets. Are they making these investments with sound advice from their advisors and do they have a clear management plan/strategy to follow?

PROTECTING, GROWING & TRANSFERRINGYOUR PRIZED COLLECTIONS

TANGIBLE ASSETMANAGEMENT PLANS

Corporate Office – 203.274.8010 Toll Free – 855.632.2646

www.bridgepointrm.comL I S T E N . A D V I S E . E X C E E D .®

Many high net worth individuals are collecting without loss prevention guidance or benefiting from expert advice pertaining to authenticity & documentation. New collectors should actively discuss their interest in investing in tangible assets with their wealth advisory team, so they can create specific plans for when to buy, sell or hold. Continuous collaboration will help active buyers make sound investments and secure favorable loans by using the assets as collateral.

3. THOSE WHO WILL INHERIT COLLECTIONS

Without clear succession plans communicated between family members and advisors, many find themselves struggling as they inherit generational collections. Family members learn of their inheritance as they take on tax liabilities and increased insurance costs. Many lack their parents’ passion for the collectibles and are unprepared for the responsibilities of maintaining the collection.

To learn more about the benefits of a Tangible Asset Management Plan and how it’s unique collaborative process can prevent the undervaluing of personal wealth read the full white paper at bridgepointrm.com or contact your BridgePoint Risk Management Advisor to discuss.

Click here to view full white paper.

BUILDING TRUSTED RELATIONSHIPS - BRIDGEPOINT RISK MANAGEMENTBridgePoint Risk Management’s holistic consultative approach helps build trusted relationships with our high-net-worth clients as we meet their unique needs, preferences, and expectations. Our boutique focus and unique relationships with national and regional carriers afford us the opportunity to offer clients a broad spectrum of products that other agencies are simply unable to provide. BridgePoint Risk Management is licensed in all 50 states, allowing us to serve as a common advisor for clients with high-value homes in multiple locations. Our exclusive Personal Risk Analysis focuses on every aspect of a sophisticated lifestyle, allowing us to create personalized insurance programs that protect families, businesses, assets, and lifestyles.