Wherever you land on the issue of Prince Harry’s book ‘Spare’ and subsequent promotional tour, it does highlight an important issue for family offices. The fact that, often, the younger generation often just do not see eye to eye with their elders.

Sarah Haile, head of Walgate Family Office Services, says that family offices – armed with the right governance structures – can head off generational conflicts before they blow up.

Family governance, she says...