Art is increasingly being viewed as an asset class as auction prices continue to break records. However, many clients never consider investing in art — either mistakenly believing that it’s the sole province of the wealthy, or simply being intimidated by the seeming inaccessibility of the art world. A recent interactive piece from Bloomberg seeks to help dispel these concerns by presenting some potential purchases for different price points and interests. Over 80 pieces selected include photographs, prints, watercolors and etching in addition to the traditional paintings, on which many new collectors fixate at first, and are drawn from a multitude of galleries around the world.
FinMason, a Boston-based fintech and analytical firm, announced the addition of three new leadership positions to keep pace with its growing staff. Mark Carroll is joining from Eze Software as FinMason’s new director of data science, and Bob Leaper takes the role of head of marketing after 20 years helping fintech firms with go-to market strategies. Rich Lenihan, who has been with WealthTech for the past 17 years, has been named director of enterprise sales. Kendrick Wakeman, CEO and founder of FinMason, said that as the worlds of financial services and technology for advisors continue to shift, the company, “wanted to select leaders that can grow and quickly adapt to that changing landscape.”
Less than half of high school seniors (41 percent) expect to borrow money to pay for college, according to a new study by Navient and EverFi. That number rises to 61 percent among college freshman. The discrepancy shows just how much education is lacking in public schools about the cost of higher education and how students — and their families — are going to pay for it. The study, which surveyed 22,000 high school students and 12,000 college students, also found that first-generation college students are more likely to consider non-loan options, like working, to pay for their schooling. "These findings reveal too many young Americans pursue higher education without all the information necessary to have a full understanding of how they will pay for their degrees, or the ultimate affordability of the loans they take on," said Jack Remondi, Navient president and CEO. "Better information sooner is essential to empowering prospective college students to make more informed decisions about where to attend, what major to pursue and how to pay for a degree."