Q2, 2026

Contents

The Agenda

10 EDITOR'S LETTER By Edwin Smith

12 DIARY Royal photographer Hugo Burnand on Queen Camilla and defying his family

14 PHILANTHROPY With Gail Gallie, founder and chair of the NAT project

16 THE HEDGEHOG

News from the HNW universe, from finance and law to smoked pheasant

18 SHOT BEFORE DAWN

A Spear's Breakfast Briefing on Antigua's 'Nautical Nomads' at the Lanesborough

19 READERS' LETTERS Our readers share their views

20 BOOKS The Asset Class by Hettie O'Brien, plus four more new releases

22 LIQUID LUNCH

Nico Rosberg on how he went from winning a Formula One world title to making his way as a venture capitalist

24 ANNAMARIA KOERLING

Despite the rising number of family offices around the world, some families are choosing to close theirs down

25 SHRUTI ADVANI There are more 'new money' billionaires than ever before - and their attitudes are very different from those of the old elite

The Briefing

WEALTH MANAGEMENT

28 THE 2026 SPEAR'S WEALTH MANAGEMENT SURVEY How the experts see the industry right now, including emerging threats and opportunities

30 BERNE BRIDGES How the Berne Financial Services Agreement will change regulation

31 MARGIN CALL The new wealth advisory firm that's aiming to beat the big beasts

32 HOME STARTER The ambitious 'first home-grown hedge fund in Abu Dhabi'

33 ARABIC NUMBERS Why Arab artists are emerging from the shadows

34 THE SWEET SMELL OF SUCCESSION Eric Becker on the art of passing on a healthy business - inspired by Santa

36 Al AND WEALTH We ask three experts to put LLMs through their paces

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