Irvine, CA (March 8, 2016) – RCW Financial and Thomas Neptune, the company’s General Counsel, have collaborated with family offices and high net worth families in an effort to utilize United States rare coins to achieve the elusive triad of wealth preservation, portfolio growth and tax efficiency.
According to Neptune, “While living in New York City, San Francisco and Newport Beach over the last few years, I have spoken to countless high net worth individuals who had no idea about U.S. rare coins as an investible asset class. Typically they are blown away by the potential benefits related to wealth preservation, capital appreciation and tax deferral.”
The recent interest in this alternative asset class stems from the social, political and economic volatility following 2008 and re-emerging in 2016. According to Neptune, “Our firm’s high net worth clients are seeking assets that are uncorrelated to traditional market volatility and precious metals.”
“When investors with holding power own exclusive rare coins they are in a strong position to preserve wealth because they own intrinsic value. Availability becomes more important than price in this private market,” says Neptune in his article ‘Avoiding Rags to Riches to Rags.’
In addition to wealth preservation, “When a future buyer must own a specific rare coin that is only available through very few sources, an investor with holding power is in a very powerful position to profit from a low cost basis, subjective value and expert portfolio management,” says Neptune.
From a wealth transfer and tax efficiency perspective, the owner of a rare coin portfolio can not only preserve and grow the portfolio, but also defer capital gains taxes indefinitely through proper execution of 1031 exchanges. As a long-term strategy, one’s beneficiaries may then inherit the portfolio with a step-up in tax basis, thus potentially eliminating all capital gains tax upon inheritance.
According to Neptune, “For those who are qualified to implement this multi-generational wealth transfer strategy, it is crucial to work with a rare coin asset manager that is has decades of expertise, top tier market positioning and the ability to serve as a trusted resource for one’s family for many generations.”
To find out more about RCW Financial and how the company works with high net families, go to www.rcwfinancial.com.
About
Founded by Steve Contursi, RCW Financial has grown from a family business into one of America’s most respected rare coin asset management firms. Backed with formidable expertise in rare coins, decades of trading experience and a unique market position, RCW Financial actively structures customized portfolios for clients seeking proven wealth preservation, capital appreciation and tax efficient strategies.
RCW Financial
Mathew Bojerski
Email: mbojerski@rcwfinancial.com
Phone: (949) 679-1222
Website: www.rcwfinancial.com
Photo credit: edwardyanquen via Visual hunt / CC BY
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