Keeping Track of Passion Investments

Classic Ferrari's

Classic Ferrari's

The provider of financial data aggregation and money management eWise, is now enabling end-users to add their «offline» physical assets when assessing their wealth online.

With more Ultra High Net Worth’s (UHNW) across Asia-Pacific acquiring passion investment possessions it can be complex to keep track of the value and performance of such physical possessions. 

Last year many of the world’s top 200 art collectors came from China and Chinese artefacts, such as porcelain, are increasingly being bought by UHNW Chinese collectors who provide a sizeable pool of wealth to support the Passion Investment market.

Tracking the Value

Passion Investors can now track the value and performance of their physical possessions when aggregating their financial data through eWise’s client-side account aggregation technology, enabled through the eWise AEGIS platform. This data is encrypted and stored on an individual’s personal device using eWise’s Personal Data Vault, the company said in a statement.

A range of physical assets are supported in the latest release of the eWise Aegis platform and Money Manager solution including art, wine, stamps, gold, classic cars and aircraft.

Passion Investments Outperforming

The new feature is being introduced into eWise’s solutions at a time where high returns on passion assets such as fine wine and classic cars are providing increased yield and diversification for many investors.

In the past five years, cars, coins and jewels have returned 161 percent, 92 percent and 65 percent respectively, eclipsing many global stock indices.

See What You Own

«When interest rates are low and when the price of physical assets are rising it’s important for customers to get a holistic view of their wealth, online investments often only produce half the picture – particularly when markets are soft,» said David Hamilton, CEO of eWise.

«It’s important to see what you own in physical assets alongside what you have in online investments, in order to make truly informed financial decisions,» he added.

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