Overstone shortlisted in 5 categories at WealthBriefing European Awards 2020
We are excited to announce that Overstone has been shortlisted at the Eighth Annual WealthBriefing European Awards 2020 in five categories for our art risk analytics and monitoring solutions for wealth management. The awards recognise the ‘best of breed’ companies, teams and individuals in global private banking, wealth management and trusted advisor communities.
Our scoring solutions have been nominated for
· Innovative Fintech Solution
· Most Innovative Wealth Management Model
· Most Promising New Entrant
· Outsourcing Solution
· Platform Provider
The risk assessment tools submitted are the first-of-its-kind to measure liquidity, volatility and economic risks associated with each unique art object. To qualify art as a viable asset class, lenders and collectors must begin to consider liquidity on top of price indices.
Our technological solutions have enabled the financial monitoring of existing collections and brought new institutional players into the field of art-backed lending. With the understanding provided by Overstone ratings, wealth managers can transform their approaches to a collector’s art, and asset portfolio as a whole.
Only 2% of art and collectables in private hands act as collateral, and art remains one of the last unleveraged markets. Our scores and other solutions provide a solid foundation upon which to open up this asset class to leverage and risk diversification, creating liquidity and freeing up funds for diverse investments.
