By Steve Sokić, group head of private wealth, IQ-EQ

Every industry has seen sharp changes over the last year and a half due to the pandemic, but the wealth sector in particular has seen a major shift with the generational wealth transfer timeline shortening significantly.

The Covid-19 pandemic has forced older generations to re-evaluate their plans to transfer their wealth to younger generations. For ultra-high net worth (UHNW) families, protection and preservation of wealth – now and for subsequent generations – will be top of mind.

Further to this, the pandemic has accelerated the wealth of the...