Investing correctly is an art!

We continue our series of articles on the various ways to increase your wealth by giving the floor to two brilliant women this week.

Degruf Peterkam. You don’t have to be a financial expert for this name to mean anything to you. And for good reason… We are talking about the largest private investment bank in Belgium, resulting from the merger (in 2015) of Bank Degroof and the brokerage firm Petercam. The group is actively involved in many areas of activity: private asset management, financial advice for companies, management and distribution of investment funds, financial analysis, creation and management of investment funds. After the merger, the group refocused on four main activities: private banking, institutional asset management, investment banking, asset management services. And it is in this stimulating structure that our two interlocutors work.

As we have seen in previous LOBBY newsletters, art is a promising sector for some investors. Art must be understood here as a whole: form does not matter, as long as there is talent. It was on the basis of this observation that the Art Consulting division was created at Degroof Petercam. This department is for potential investors, regardless of their motivation.

But let’s give the floor to one of our two experts, Eugenie Dumont. She explains her job to us: “Our calling is to be a guardian angel for our clients. On the other hand, I don’t like putting art and performance on the same plane. If the notion that the primary purpose of buying art is to add value, then this is a false argument. I strive to change that mentality.” In fact, we know that an investor can also be a philanthropist. And in this very specific sector, that is, in the arts, the client may also, through his investment, want to support the artist. Eugenie Dumont knows what she is talking about, she herself is fond of exhibitions of contemporary art, but is also a collector. “A collector is a kind of architect who builds his passion over time. It is also temporary storage, a form of advocate for the artistic movement. If the idea of ​​reselling a piece or collection after a few years, or passing it on to their descendants, is legitimate, some consider donating it to a museum or setting up a foundation. We stand for the improvement of art, even if the collection is private. In this context, and as the collection develops, we try to protect the content through strict governance.” Degroof Petercam has thought of everything, as when it’s time to leave your location, Estate Planning will offer advice on donations, bequests, or the creation of a private or public foundation. In this way, the collector will be accompanied so that his artistic heritage outlive him.

Eugénie and Emilie, who are educated in finance, are also well versed in art history and continue to keep up with the times. “We go to fairs, to gallerists or to exhibitions. Art Brussels, for example, is a highlight that allows you to keep abreast of the market, compare trends and personalities. As far as our experts are concerned, we avoid conflicts of interest. They are literally independent, they are not merchants and not direct participants in the market. Our work is a long-term exercise that will move forward as the collection grows. We have been accompanying our customers for generations.” And when it comes to defining her profession, Eugénie becomes almost a poet: “From the old masters to modern art, there is a real energy in constant development. Dynamism, positive energy, exploding ideas, vibrant colors and shapes are all elements that combine early 21st century art with investment bank motivation.”

Looking forward to the start of the school year and its series of exhibitions, or if you want to know more about how these two passionate people look at the field of art, we invite you to download the latest version of LOBBY at the following link…

I wish you a national holiday, artistic, as you wish.