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Wealth management - Investments in non financial assets. Technical and organizational aspects

Author

Listed:
  • Lippi Andrea

    () (DISCE, Università Cattolica)

Abstract

In recent years private customers have shown a growing interest in investing in non-financial assets such as physical gold, real estate properties, artworks, diamonds and wine. Consequently, two new analysis perspectives became available for scholars' to examine - one within the sphere of portfolio theory, the other related to organizational studies. This study aims at: a) examining the existing correlations between traditional asset class (stocks, bonds and liquidity) and non-financial assets; b) showing the results of a survey based on a questionnaire submitted to a wide range of private banks operating in Italy, aimed at verifying the strategic value of this new business field and the related organization changes; c)examining the sub-advisory organization models which, in our opinion, are more adequate for this new business - therefore, they should be adopted by those operating in this sector in order to offer an excellent non-financial investment service to their clients.

Suggested Citation

  • Lippi Andrea, 2008. "Wealth management - Investments in non financial assets. Technical and organizational aspects," DISCE - Quaderni del Dipartimento di Scienze Economiche e Sociali dises0850, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
  • Handle: RePEc:ctc:serie2:dises0850
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    File URL: http://www.unicatt.it/dipartimenti/DISES/allegati/dises0850.pdf
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    More about this item

    Keywords

    wealth management; private banking; non financial assets;

    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General

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