Wealth feels like a private matter, but in reality, is often subject to public scrutiny. Wealthy individuals can be thrown into the limelight, whether they like it or not.

In a new report – the Generation Game – law firm Russell Cooke argues that reputation and risk management are key issues that advisers should be discussing with their wealthy clients.

The first thing to note is that very rich families are “not hugely dissimilar to regular families, except there’s a...