Template-Type: ReDIF-Paper 1.0
Author-Name: Lippi Andrea
Author-X-Name-First: Andrea
Author-X-Name-Last: Lippi
Author-Email: andrea.lippi@unicatt.it
Author-Workplace-Name: DISCE, Università Cattolica
Title: Wealth management - Investments in non financial assets.
Technical and organizational aspects 
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. 
Length: 38 pages
Creation-Date: 2008-07
Publication-Status: Published in Review of Economics, Month aaaa, pages nn1-nn2
File-URL: http://www.unicatt.it/dipartimenti/DISES/allegati/dises0850.pdf
File-Format: Application/pdf
File-Function: First version, 2008
Number: dises0850
Classification-JEL: G000 - Financial Economics: General;
                    G110 - Portfolio choice  and Investment Decision 
                    L200 - Firm Objectives; Organization and Behaviour: General
Keywords: wealth management, private banking, non financial assets
Handle: RePEc:ctc:serie2:dises0850