By Steve Sokic, group head of private wealth at IQ-EQ

Sophistication, globalisation and technology are increasing in prominence for ultra-high net worth (UHNW) families, but so is their use of family offices, which must continue to evolve to match the growing demands of UHNWs.

At a time that the world is facing disruption from the Covid-19 pandemic, we are also witnessing fundamental changes to attitudes and behaviours throughout society. This is in turn leading to the need for family offices to adapt even more quickly through structural and operational changes if they are to meet their UHNW families’ evolvin...