As is typical in periods when there’s the prospect of higher inflation, investment interest in collectibles is growing, and art prices in particular having been setting records. But do these represent safe vehicles for protecting your clients’ assets?
Not in the opinion of Lewis Altfest, a Financial Planning Influencer Award winner, the eponymous head of Altfest Personal Wealth Management, a fee-only financial management firm based in Manhattan, and an associate professor of finance at New York’s Pace University.
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