White Papers
Wealthy families increasingly worry that their wealth alone makes them a target for a high-stakes liability lawsuit in this uncertain economy, according to a survey commissioned by ACE. But many remain poorly prepared for such lawsuits in spite of their concern. ACE proposes a five-point plan to help them understand and reduce the threat.
According to a recent survey commissioned by ACE, many wealthy households intend to increase spending on their valuable collections over the next 12 months. It therefore becomes increasingly important for families and their wealth advisors to understand the risks involved with this unique type of investment.
Survey on Passionate Investing by Wealthy Households - September 2011
This survey commissioned by ACE reveals insights into passionate investing by financially successful individuals and families - what they collect, why they collect and how well they protect their collections of fine art, wine, jewelry and other distinctive items.
From Passion to Investment: Asset Protection Strategies for Collectors - November 2010
An increasing number of affluent consumers are turning their passions for fine art, fine wine, and other collectibles into more than a hobby. They’re turning their passions into a means of diversifying their investment portfolios. And yet, many do not devote the same time and effort to managing the risks encountered with prized collections that they devote to traditional investments.
Does Your Valuables Coverage Meet the Gold Standard? - August 2010
In the past ten years, gold and other precious metals have appreciated more than most other asset classes,and many experts agree these soaring prices are unlikely to bottom out soon. Unfortunately, many affluent consumers who own gold jewelry and other items made with precious metals have not adjusted their insurance coverage to keep pace with this sharp increase in value.
Wealth at Risk: How Affluent Consumers Over-Pay to Be Under-Insured - June 2010
The unprecedented destruction of wealth due to the financial crisis and its lingering effects have forced affluent consumers and even the super rich to do something they rarely like to do—take a hard look at their personal insurance program. Many discover that the policies they’ve had in place year after year are not only full of wasteful spending but plagued by dangerous gaps in coverage, as well.
Reducing Vulnerability to Crime from Those You Trust: Strategies for the Wealthy - September 2009
Published research and anecdotal evidence indicate that the affluent are more vulnerable to a range of crimes perpetrated by financial advisers, contractors and domestic employees than average income earners. Such crimes include so-called Ponzi schemes, identity fraud, property theft, and kidnapping and ransom, among others. These risks can be reduced through specialized background screening services. High net worth individuals are also advised to secure broader insurance coverage with higher limits of financial protection.