Over 70 percent of ultra high net worth (UHNW) families have leadership structures in place, says international family office Stonehage Fleming.

Stonehage Fleming’s report - Four Pillars of Capital: a time for reflection – found the pandemic has led to an increased focus on succession planning and leadership within very wealthy families.

As a result of the pandemic, 25 percent of respondents said there have been changes in the roles and responsibilities within their family. 72 percent said members of the next or younger generation are playing a more prominent role, while 43 percent said responsibilities are...