Norton Global Asset Management, the Hong Kong Based Provider of Asset Management Services have seen the art market boom recently with more and more of the world’s ultra-wealthy seeing art as an integral part of their wealth. Due to the individuals and cash involved insightful wealth management is a must to protect these assets for the future.
Because of the people and monies involved, astute wealth management can show how indispensable it can be in protecting, transferring and even maximizing the full value of client’s art collections.
Norton Global stated that a considerable volume of its clients were turning to art, investing large amounts of cash and being fully immersed in building serious art collections. Norton assists its clients by giving them the help they need on all aspects of art collection from planning a collection right through to tax strategies that help them alleviate taxes should they sell or gift their art. Norton is well versed in developing succession strategies that are able to run in line with their estate strategies along with any philanthropic plans they may have.
There are a variety of advanced wealth management strategies that can be bought into play when handling appreciable assets like art. Captive insurance companies are very astute and understand the inherent risks of assembling an enviable art collection. There are abundant wealth management strategies available to collectors but it is imperative they use the wealth of knowledge and experience companies like Norton Global Asset Management have accumulated over the years to best benefit from their collections.