Tangible assets have pulled ahead this year as a popular alternative investment option for high-net-worth investors. According to a recent U.S. Trust survey, nearly 60% of HNW clients were optimistic about land, timber and investment real estate — more so than were enthusiastic about stocks, bonds, hedge funds and private equity.
These statistics are helping fuel a growing business at U.S. Trust, the elite wealth management unit at Bank of America, and a growing number of advisers across the industry are also catching on to the trend.
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