Tom Ruggie, Founder and CEO of Destiny Family Office, shares insights on the growing importance of collectibles in high net worth portfolios. He discusses how financial advisors can enhance client value by including collection management in comprehensive financial planning. Ruggie dives into the crucial aspects of valuation, insurance, and tax implications, urging advisors to adopt a holistic approach. Personal anecdotes about chasing collectibles, like the elusive 1952 Topps baseball card set, highlight the passion and challenges of collectors, bringing an emotional dimension to asset management.
