Speaker(s): Phillip Ashley Klein, Donald A. Poster
The Evolution of Art and Finance Services in Wealth Management
This session will look at collectors' needs, with focus on monetizing, partnering, transferring and protecting one’s collection.
Given the evolution of art services within the wealth management sector, this session provides insight in to the art and finance services available to increasingly financially cognizant collectors and how to take advantage.
Art has always been a popular investment, but in recent years it has become increasingly mainstream. As the world becomes more globalised and interconnected, investors are looking for alternative assets that can provide both financial security and cultural capital. Fine art ticks both of these boxes when it comes to art and finance. Not only can it be sold for a profit, but it also offers the owner a chance to enjoy and appreciate the piece on a daily basis.
However, investing in art is not without its risks. The market is notoriously volatile, and prices can fluctuate rapidly. Art also requires a significant amount of care and maintenance, which can be expensive. As such, it is important to partner with a reputable art advisor who can help you navigate the market and protect your investment. With their guidance, you can build a fine art collection that will serve as a working asset for years to come.
Panel Discussion: Phillip Ashley Klein and Donald Poster
Phillip Ashley Klein, the head of Deloitte’s Art & Finance Practice in the US and Donald Poster, an insurance expert from Alliant Americas will teach participants about:
- Monetising – why and how to turn your Fine Art Collection into a working asset
- Partnering – how to make your Fine Art Collection more visible
- Transferring – how to maintain a Fine Art Collection through generations and/or time
- Protecting – how to protect and preserve the integrity of your Fine Art Collection
Please take note that this session took place live during the 1AN Symposium at Art New York.
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Phillip Ashley Klein
Phillip Ashley Klein, spearheads Deloitte’s Art & Finance Practice in the U.S. The group’s offerings – which span Deloitte’s consulting, tax, audit and advisory businesses – delivers creative solutions to the individuals and institutions at the crossroads of business, finance and the arts.
Klein helps his clients with their customer and growth strategies, operating model...
Donald A. Poster
Donald Poster, CAPI, CPRIA
Associate Director – Midwest Region