A traditional wealth management portfolio typically consists of shares, bonds and funds. These are, by definition, financial assets and therefore “bankable”. Other things that make up personal wealth may be of value as well, but are often excluded or managed independently from more traditional assets in a wealth management portfolio. Think of direct investments in companies or private equity funds, the purchase or co-acquisition of primary or secondary residences, pieces of art and rare collectibles, and the like. These items do not appear on your bank's portfolio report and are, by definition, non-bankable assets. In saying that, they have a current value, an expected value development, and an inherent risk – just like any other asset. 

In today's article, we write about the fundamental problem of exchanging non-bankable assets and present a new method for trading them in the absence of any regulated (public) market. 

After introducing non-bankable asset investing in the first article of this series, we here discuss some valuation approaches using machine learning to make nBA investing fit for total wealth management.