“The most important form of capital is not merely financial, it is the human capital,” Mark Somers, founder of The Somers Partnership and author of Family Office Fundamentals, tells eprivateclient.

The human capital was there before the financial capital was generated and it will be there after, he explains.

It may largely be a myth but there is truth in the idea that many wealthy families lose their financial capital within three generations. Part of this com...