The data depicts the reasons for including art and collectibles in traditional wealth management and private banking worldwide from 2011 to 2017. In 2017, 48% of respondents stated "art and collectibles offer portfolio and asset diversification" as a reason for including art and collectibles in traditional wealth management and private banking.
Need to develop a holistic advisory relationship with our clients (look at all assets of your clients) | 85 | ||||
Art is accounting for a larger share of clients' overall asset value/ wealth | 17 | 27 | 36 | 45 | 73 |
Increasing competition in the Private Banking sector forces new ideas, products and solutions | 83 | 47 | 38 | 51 | 72 |
To be able to manage the extended wealth of their clients (not only traditional portfolio) | 65 | ||||
Client entertainment | 61 | 27 | 36 | 41 | 55 |
Client demand: Economic situation investors looking for new investment opportunities | 28 | 53 | 34 | 49 | 55 |
Clients are increasingly demanding their Bankers to help with art related issues | 11 | 33 | 38 | 48 | 55 |
The value of art is increasing, triggering a need for bank related services to protect, enhance or monetise the value | 28 | 43 | 33 | 40 | 54 |
Art is a store of value | 28 | 43 | 35 | 51 | 54 |
Art and collectibles offer portfolio and asset diversification | 56 | 43 | 43 | 54 | 48 |
Art could generate higher return on investment than some traditional investments | 25 | ||||
Art offers protection against inflation | 22 | 40 | 15 | 30 | 15 |