Nearly half (41 percent) of high net worth (HNW) women are not involved in their family’s financial decision making.

Barclays Private Bank’s Smarter Succession: The Challenges and Opportunities of Intergenerational Wealth Transfer research, undertaken by global intelligence business Savanta, found social and cultural change is prompting a shift in family and banking dynamics.

Women now hold similar levels of direct ownership in the family businesses to men - 54 percent compared with 57 percent.

The research found that 83 percent of the main decision makers around family wealth are men. These decision maker...