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Q2, 2022 Contents 10 16 36 28 The Agenda 6 EDITOR’S LETTER By Edwin Smith 8 READERS’ LETTERS Our readers share their insights and views on country estates, ‘expert networks’, family crises and more 10 DIARY Flavio Briatore on life in management and a potential Formula One return 12 THE HEDGEHOG News from around the HNW universe, from Tier 1 visas to Alpine adventurers and the Duke of York’s future 14 BOOKS A review of Butler to the World, Oliver Bullough’s study of financial skulduggery in the UK – plus four more titles 16 LIQUID LUNCH Venture capitalist Sanja Partalo on a digital revolution in the worlds of marketing and media 18 PHILANTHROPY Lyn Tomlinson on the logic behind Cazenove Capital’s donor-advised fund 20 MATTHEW GOODWIN Who’s on early manoeuvres in the race to succeed Boris Johnson? 21 ANNAMARIA KOERLING Investors and their advisers are having to think on their feet and adapt sharply as the Ukraine crisis unfolds 22 ROBERT AMSTERDAM The Ukraine crisis has set in motion the great geostrategic pivot of 2022 The Briefing Wealth management 26 RISING TENSION How should investors react to rising inflation around the world? 28 SAFE HAVEN In conversation with Luka Gakic, head of UK wealth at Ruffer 30 THE FOUNDER’S OFFICE The inside track on a new breed of low-profile, high-growth private office 34 FRUIT OF THE UNION Why so many wealth management offices are merging 37 SPANISH STEPS Why Barclays is bullish on Spain 38 ‘THE RICH ARE DIFFERENT’ A study by Wharton suggests F Scott Fitzgerald was on to something

Q2, 2022

Contents

10

16

36

28

The Agenda

6 EDITOR’S LETTER

By Edwin Smith

8 READERS’ LETTERS

Our readers share their insights and views on country estates, ‘expert networks’, family crises and more

10 DIARY

Flavio Briatore on life in management and a potential Formula One return

12 THE HEDGEHOG

News from around the HNW universe, from Tier 1 visas to Alpine adventurers and the Duke of York’s future

14 BOOKS

A review of Butler to the World, Oliver Bullough’s study of financial skulduggery in the UK – plus four more titles

16 LIQUID LUNCH

Venture capitalist Sanja Partalo on a digital revolution in the worlds of marketing and media

18 PHILANTHROPY

Lyn Tomlinson on the logic behind Cazenove Capital’s donor-advised fund

20 MATTHEW GOODWIN

Who’s on early manoeuvres in the race to succeed Boris Johnson?

21 ANNAMARIA KOERLING

Investors and their advisers are having to think on their feet and adapt sharply as the Ukraine crisis unfolds

22 ROBERT AMSTERDAM

The Ukraine crisis has set in motion the great geostrategic pivot of 2022

The Briefing Wealth management

26 RISING TENSION How should investors react to rising inflation around the world?

28 SAFE HAVEN

In conversation with Luka Gakic, head of UK wealth at Ruffer

30 THE FOUNDER’S OFFICE

The inside track on a new breed of low-profile, high-growth private office

34 FRUIT OF THE UNION

Why so many wealth management offices are merging

37 SPANISH STEPS

Why Barclays is bullish on Spain

38 ‘THE RICH ARE DIFFERENT’

A study by Wharton suggests F Scott Fitzgerald was on to something

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