Deconstructing a collection: Preparing your family to handle your own investment down the road
Tom Ruggie, ChFC®, CFP®, uses his own considerable sports memorabilia collection and situation as the basis for his recently published Forbes.com article. He notes, “With more than 200 million collectors of varying types worldwide, it’s not surprising many of my high-net-worth and ultra-high-net-worth clients are acquiring all kinds of collectibles such as artwork, fine wine and spirits, jewelry, coins, vintage and classic cars, and arms and armaments as investments.”
He goes on to discuss how his own penchant for collecting has informed the way he interacts with, and coaches, like-minded clients, and focuses on the importance of having a well-thought-out plan that can provide crucial guidance to your family or heirs if collecting intersects with your worst day ever. Read Deconstructing A Collection: Preparing Your Family To Handle Your Investment Down The Road.
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Tom, his wife, son, daughter and son-in-law are ‘addicted’ to CrossFit and working-out in general. In 2020, Tom earned the CrossFit Level 1 Trainer designation. He also enjoys traveling with his family, red wine and has a significant sports’ memorabilia collection. Rankings and/or recognition by unaffiliated rating services and/or publications should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results, nor should it be construed as a current or past endorsement by any of its clients. Rankings published by magazines, and others, may base their selections on information prepared and/or submitted by the recognized adviser.
