<br />
&$3,7$/381,6+0(17<br />
We take Thomas Piketty to task and<br />
expose his book's dangerous flaws<br />
75,//,21$,5(6<br />
Who will be the first one? How will they earn<br />
it? And what could they buy with it?<br />
8+1::($/7+<br />
0$1$*(5,1'(;<br />
The top 50 private bankers<br />
and wealth managers in<br />
Britain, in here<br />
Wealth Management, Business and Culture Issue 39 £25<br />
Our cover — `Ascot Favourites' — is inspired by the start of the summer season<br />
<br />
ABOVEALL<br />
<br />
<br />
AN ELEGANT PERFORMANCE<br />
THE ALL NEW QUATTROPORTE. A CELEBRATION OF ELEGANCE, TECHNOLOGY AND POWER<br />
The all new Quattroporte is more than just the finest luxury high performance sports saloon. It blends extraordinary beauty<br />
with uncompromising performance from a range of V6 and V8 engines. A classic and exclusive grant<a title="Spear's 39 page 1" href="http://viewer.zmags.com/publication/359f70e3?page=1"> &$3,7$/381,6+0(17 We take Thomas Piketty to</a>
<a title="Spear's 39 page 2" href="http://viewer.zmags.com/publication/359f70e3?page=2"> </a>
<a title="Spear's 39 page 3" href="http://viewer.zmags.com/publication/359f70e3?page=3"> ABOVEALL</a>
<a title="Spear's 39 page 4" href="http://viewer.zmags.com/publication/359f70e3?page=4"> </a>
<a title="Spear's 39 page 5" href="http://viewer.zmags.com/publication/359f70e3?page=5"> </a>
<a title="Spear's 39 page 6" href="http://viewer.zmags.com/publication/359f70e3?page=6"> AN ELEGANT PERFORMANCE </a>
<a title="Spear's 39 page 7" href="http://viewer.zmags.com/publication/359f70e3?page=7"> QUATTROPORTE </a>
<a title="Spear's 39 page 8" href="http://viewer.zmags.com/publication/359f70e3?page=8"> </a>
<a title="Spear's 39 page 9" href="http://viewer.zmags.com/publication/359f70e3?page=9"> </a>
<a title="Spear's 39 page 10" href="http://viewer.zmags.com/publication/359f70e3?page=10"> </a>
<a title="Spear's 39 page 11" href="http://viewer.zmags.com/publication/359f70e3?page=11"> DISCOVER your SANCTUARY Introducing a private </a>
<a title="Spear's 39 page 12" href="http://viewer.zmags.com/publication/359f70e3?page=12"> 122 WE HIGHLY RECOMMEND A CRUISE DOWN THE HOOGHLY</a>
<a title="Spear's 39 page 13" href="http://viewer.zmags.com/publication/359f70e3?page=13"> &217(176 68 Silver Spirit Christopher</a>
<a title="Spear's 39 page 14" href="http://viewer.zmags.com/publication/359f70e3?page=14"> LEADERS 7+(3(23/(·65(38%/,& 2)/21'21 </a>
<a title="Spear's 39 page 15" href="http://viewer.zmags.com/publication/359f70e3?page=15"> SO ALIVE, IT'S OBSESSED WITH POWER. Look at the </a>
<a title="Spear's 39 page 16" href="http://viewer.zmags.com/publication/359f70e3?page=16"> LEADERS John Carpenter House John Carpenter S</a>
<a title="Spear's 39 page 17" href="http://viewer.zmags.com/publication/359f70e3?page=17"> </a>
<a title="Spear's 39 page 18" href="http://viewer.zmags.com/publication/359f70e3?page=18"> FROM THE FOUNDER :,//,$0&$6+ , was </a>
<a title="Spear's 39 page 19" href="http://viewer.zmags.com/publication/359f70e3?page=19"> MASTERPIECE U</a>
<a title="Spear's 39 page 20" href="http://viewer.zmags.com/publication/359f70e3?page=20"> EDITOR'S LETTER -26+63(52 8 </a>
<a title="Spear's 39 page 21" href="http://viewer.zmags.com/publication/359f70e3?page=21"> ǣ </a>
<a title="Spear's 39 page 22" href="http://viewer.zmags.com/publication/359f70e3?page=22"> THE DIARY &+5,6723+(5)2</( CHRISTOPHER FOYLE</a>
<a title="Spear's 39 page 23" href="http://viewer.zmags.com/publication/359f70e3?page=23"> One of the interesting characters you'll meet on </a>
<a title="Spear's 39 page 24" href="http://viewer.zmags.com/publication/359f70e3?page=24"> THE HEDGEHOG 7+( +('*(+2* SAY WHAT? `No gentl</a>
<a title="Spear's 39 page 25" href="http://viewer.zmags.com/publication/359f70e3?page=25"> Photograph by Tudor Jenkins </a>
<a title="Spear's 39 page 26" href="http://viewer.zmags.com/publication/359f70e3?page=26"> THE HEDGEHOG Photograph courtesy Tas Filip I n </a>
<a title="Spear's 39 page 27" href="http://viewer.zmags.com/publication/359f70e3?page=27"> </a>
<a title="Spear's 39 page 28" href="http://viewer.zmags.com/publication/359f70e3?page=28"> THE GIVER AND THE GIFT 7KH*LYHU MARCELLE SPELLER</a>
<a title="Spear's 39 page 29" href="http://viewer.zmags.com/publication/359f70e3?page=29"> THE GIVER AND THE GIFT 7KH*LIW CHERRY BUGLER DEV</a>
<a title="Spear's 39 page 30" href="http://viewer.zmags.com/publication/359f70e3?page=30"> SHOT BEFORE DAWN // WEALTH INSIGHT FORUM </a>
<a title="Spear's 39 page 31" href="http://viewer.zmags.com/publication/359f70e3?page=31"> SHOT BEFORE DAWN // WEALTH INSIGHT FORUM :($/7+,</a>
<a title="Spear's 39 page 32" href="http://viewer.zmags.com/publication/359f70e3?page=32"> SHOT BEFORE DAWN // WEALTH INSIGHT FORUM Wh</a>
<a title="Spear's 39 page 33" href="http://viewer.zmags.com/publication/359f70e3?page=33"> </a>
<a title="Spear's 39 page 34" href="http://viewer.zmags.com/publication/359f70e3?page=34"> SHOT 1 2 3 17 29(57+( 5$,1%</a>
<a title="Spear's 39 page 35" href="http://viewer.zmags.com/publication/359f70e3?page=35"> </a>
<a title="Spear's 39 page 36" href="http://viewer.zmags.com/publication/359f70e3?page=36"> &2/285)8/ After several years of raucous party-g</a>
<a title="Spear's 39 page 37" href="http://viewer.zmags.com/publication/359f70e3?page=37"> LUXURY MOMENTS · LUXURY LIFE Mallor</a>
<a title="Spear's 39 page 38" href="http://viewer.zmags.com/publication/359f70e3?page=38"> SHOT BEFORE DAWN 1 </a>
<a title="Spear's 39 page 39" href="http://viewer.zmags.com/publication/359f70e3?page=39"> </a>
<a title="Spear's 39 page 40" href="http://viewer.zmags.com/publication/359f70e3?page=40"> 81'(57+(+,*+3$7521$*(2)+6+35,1&($/%(57,,2)021$&2 </a>
<a title="Spear's 39 page 41" href="http://viewer.zmags.com/publication/359f70e3?page=41"> COUNTER CULTURE // PEP TALK // THE DISCRIMINATOR</a>
<a title="Spear's 39 page 42" href="http://viewer.zmags.com/publication/359f70e3?page=42"> THE COLUMNS // COUNTER CULTURE </a>
<a title="Spear's 39 page 43" href="http://viewer.zmags.com/publication/359f70e3?page=43"> THE COLUMNS // PEP TALK Robert Amsterdam `There </a>
<a title="Spear's 39 page 44" href="http://viewer.zmags.com/publication/359f70e3?page=44"> THE COLUMNS // THE DISCRIMINATOR Alessandro Tomé</a>
<a title="Spear's 39 page 45" href="http://viewer.zmags.com/publication/359f70e3?page=45"> THE do all that comes</a>
<a title="Spear's 39 page 46" href="http://viewer.zmags.com/publication/359f70e3?page=46"> THE COLUMNS // THE LAW Martyn Gowar `What we se</a>
<a title="Spear's 39 page 47" href="http://viewer.zmags.com/publication/359f70e3?page=47"> coms are the main reason for unhappy relationship</a>
<a title="Spear's 39 page 48" href="http://viewer.zmags.com/publication/359f70e3?page=48"> THE COLUMNS // VIEW FROM ST PAUL'S Guy Monson `I</a>
<a title="Spear's 39 page 49" href="http://viewer.zmags.com/publication/359f70e3?page=49"> We don't just know about the rare finds. We know a</a>
<a title="Spear's 39 page 50" href="http://viewer.zmags.com/publication/359f70e3?page=50"> THE COLUMNS // IMAGE RIGHTS Edward Amory `Three</a>
<a title="Spear's 39 page 51" href="http://viewer.zmags.com/publication/359f70e3?page=51"> www.artioli.com ARTIOLI BOUTIQUE IN LONDON: 36 </a>
<a title="Spear's 39 page 52" href="http://viewer.zmags.com/publication/359f70e3?page=52"> Wealth Management Awards 2014 `The </a>
<a title="Spear's 39 page 53" href="http://viewer.zmags.com/publication/359f70e3?page=53"> WEALTH MANAGEMENT // PHILANTHROPY // LAW FAMILY</a>
<a title="Spear's 39 page 54" href="http://viewer.zmags.com/publication/359f70e3?page=54"> THE ISSUES // ECONOMICS &$3,7$/ &+$5*( Thomas P</a>
<a title="Spear's 39 page 55" href="http://viewer.zmags.com/publication/359f70e3?page=55"> Piketty’s rentier aristocracy view of wealth a</a>
<a title="Spear's 39 page 56" href="http://viewer.zmags.com/publication/359f70e3?page=56"> THE ISSUES // SCOTTISH INDEPENDENCE 6&27 )5((" </a>
<a title="Spear's 39 page 57" href="http://viewer.zmags.com/publication/359f70e3?page=57"> THE ISSUES // SCOTTISH INDEPENDENCE Edinburg</a>
<a title="Spear's 39 page 58" href="http://viewer.zmags.com/publication/359f70e3?page=58"> THE ISSUES // WEALTH =(52:256+,3 With billionai</a>
<a title="Spear's 39 page 59" href="http://viewer.zmags.com/publication/359f70e3?page=59"> any individual has today,’ she says. ‘To get up t</a>
<a title="Spear's 39 page 60" href="http://viewer.zmags.com/publication/359f70e3?page=60"> THE ISSUES // ENTREPRENEURS 7:,77(5<(127 In his </a>
<a title="Spear's 39 page 61" href="http://viewer.zmags.com/publication/359f70e3?page=61"> greater extent than any other social network, has</a>
<a title="Spear's 39 page 62" href="http://viewer.zmags.com/publication/359f70e3?page=62"> THE ISSUES // FAMILY BUSINESS )$0,/<%5($.6 Divor</a>
<a title="Spear's 39 page 63" href="http://viewer.zmags.com/publication/359f70e3?page=63"> being joined up to the business and the business </a>
<a title="Spear's 39 page 64" href="http://viewer.zmags.com/publication/359f70e3?page=64"> THE ISSUES // HERITAGE ,1/2<':(75867 Punk-rocke</a>
<a title="Spear's 39 page 65" href="http://viewer.zmags.com/publication/359f70e3?page=65"> THE ISSUES // HERITAGE get VAT abolished on </a>
<a title="Spear's 39 page 66" href="http://viewer.zmags.com/publication/359f70e3?page=66"> THE ISSUES // EDUCATION ,19(67,1*,1 )8785(6 Are</a>
<a title="Spear's 39 page 67" href="http://viewer.zmags.com/publication/359f70e3?page=67"> non-graduates, and certain universities — in part</a>
<a title="Spear's 39 page 68" href="http://viewer.zmags.com/publication/359f70e3?page=68"> THE ISSUES // TAX $0$5.('0$1 The Isle of Man is</a>
<a title="Spear's 39 page 69" href="http://viewer.zmags.com/publication/359f70e3?page=69"> </a>
<a title="Spear's 39 page 70" href="http://viewer.zmags.com/publication/359f70e3?page=70"> THE ISSUES // COMMODITIES 6,/9(563,5,7 Wi</a>
<a title="Spear's 39 page 71" href="http://viewer.zmags.com/publication/359f70e3?page=71"> currency board to replace the dollar, and it’s li</a>
<a title="Spear's 39 page 72" href="http://viewer.zmags.com/publication/359f70e3?page=72"> THE ISSUES // REPUTATION MANAGEMENT :,7+)5,(1'6/</a>
<a title="Spear's 39 page 73" href="http://viewer.zmags.com/publication/359f70e3?page=73"> Book Awards 2014 Now the nominees have been anno</a>
<a title="Spear's 39 page 74" href="http://viewer.zmags.com/publication/359f70e3?page=74"> </a>
<a title="Spear's 39 page 75" href="http://viewer.zmags.com/publication/359f70e3?page=75"> UHNW WEALTH MANAGERS 7+(63($5·6 ,1'(; Making</a>
<a title="Spear's 39 page 76" href="http://viewer.zmags.com/publication/359f70e3?page=76"> THE INDEX // MERGERS *2/'(1+(//26 It's all chan</a>
<a title="Spear's 39 page 77" href="http://viewer.zmags.com/publication/359f70e3?page=77"> THE INDEX rather than taking kickbacks f</a>
<a title="Spear's 39 page 78" href="http://viewer.zmags.com/publication/359f70e3?page=78"> sible with a team the size of his. If you t</a>
<a title="Spear's 39 page 79" href="http://viewer.zmags.com/publication/359f70e3?page=79"> LAKE WINDERMERE WINNER </a>
<a title="Spear's 39 page 80" href="http://viewer.zmags.com/publication/359f70e3?page=80"> TOP TEN WILLIAM DRAKE LORD NORTH STREE</a>
<a title="Spear's 39 page 81" href="http://viewer.zmags.com/publication/359f70e3?page=81"> THE INDEX // UHNW Charlie Hoffman HSBC Private </a>
<a title="Spear's 39 page 82" href="http://viewer.zmags.com/publication/359f70e3?page=82"> Robert McIntyre Barclays £2.4 billion in AUM — o</a>
<a title="Spear's 39 page 83" href="http://viewer.zmags.com/publication/359f70e3?page=83"> fiscal conflicts between East and West. Backing Abe</a>
<a title="Spear's 39 page 84" href="http://viewer.zmags.com/publication/359f70e3?page=84"> Helen Watson Rothschild appreciates: ‘I asked on</a>
<a title="Spear's 39 page 85" href="http://viewer.zmags.com/publication/359f70e3?page=85"> I don’t see the problems that are in the headline</a>
<a title="Spear's 39 page 86" href="http://viewer.zmags.com/publication/359f70e3?page=86"> THE INDEX // UHNW Karen Clark SandAire around </a>
<a title="Spear's 39 page 87" href="http://viewer.zmags.com/publication/359f70e3?page=87"> charities. But he also served five years in the Na</a>
<a title="Spear's 39 page 88" href="http://viewer.zmags.com/publication/359f70e3?page=88"> THE INDEX // UHNW Nathalie Dauriac-Stoebe Signi</a>
<a title="Spear's 39 page 89" href="http://viewer.zmags.com/publication/359f70e3?page=89"> often has to play all things to all men: ‘One qui</a>
<a title="Spear's 39 page 90" href="http://viewer.zmags.com/publication/359f70e3?page=90"> THE INDEX // UHNW Giovanni Revedin Di San Marti</a>
<a title="Spear's 39 page 91" href="http://viewer.zmags.com/publication/359f70e3?page=91"> THE INDEX // UHNW Alex Scott SandAire speciali</a>
<a title="Spear's 39 page 92" href="http://viewer.zmags.com/publication/359f70e3?page=92"> Sandy Swinton RBC Wealth Management certain cont</a>
<a title="Spear's 39 page 93" href="http://viewer.zmags.com/publication/359f70e3?page=93"> Tiffany Troxel Julius Baer TIFFANY TROXEL JULIU</a>
<a title="Spear's 39 page 94" href="http://viewer.zmags.com/publication/359f70e3?page=94"> THE INDEX // UHNW WEALTH MANAGERS Joanna Livese</a>
<a title="Spear's 39 page 95" href="http://viewer.zmags.com/publication/359f70e3?page=95"> Jonny Reed HSBC Private Bank</a>
<a title="Spear's 39 page 96" href="http://viewer.zmags.com/publication/359f70e3?page=96"> THE INDEX // PREVIEW ,1352),/( Spear’s has recen</a>
<a title="Spear's 39 page 97" href="http://viewer.zmags.com/publication/359f70e3?page=97"> THE INDEX // PREVIEW TAN SU SHAN DBS If Asia’</a>
<a title="Spear's 39 page 98" href="http://viewer.zmags.com/publication/359f70e3?page=98"> Exciting new features like free pro</a>
<a title="Spear's 39 page 99" href="http://viewer.zmags.com/publication/359f70e3?page=99"> SPEAR’S IS PLEASED </a>
<a title="Spear's 39 page 100" href="http://viewer.zmags.com/publication/359f70e3?page=100"> </a>
<a title="Spear's 39 page 101" href="http://viewer.zmags.com/publication/359f70e3?page=101"> BOOKS // FOOD // WINE // ART // LUXURY TRAVEL </a>
<a title="Spear's 39 page 102" href="http://viewer.zmags.com/publication/359f70e3?page=102"> THE GOOD LIFE // BOOKS (;/,%5,6 Mark Le Fan</a>
<a title="Spear's 39 page 103" href="http://viewer.zmags.com/publication/359f70e3?page=103"> Flash Boys CRACKING THE MONEY CODE MICHAEL LEWIS </a>
<a title="Spear's 39 page 104" href="http://viewer.zmags.com/publication/359f70e3?page=104"> THE GOOD LIFE // SPIRITS ',67,/0< %($7,1* +($57 </a>
<a title="Spear's 39 page 105" href="http://viewer.zmags.com/publication/359f70e3?page=105"> MOOD SLINGS Of course, it all depends on your moo</a>
<a title="Spear's 39 page 106" href="http://viewer.zmags.com/publication/359f70e3?page=106"> THE GOOD LIFE // WINE /,*+7 )$17$67,& The arriv</a>
<a title="Spear's 39 page 107" href="http://viewer.zmags.com/publication/359f70e3?page=107"> THE GOOD LIFE // WINE Photograph by David Rook</a>
<a title="Spear's 39 page 108" href="http://viewer.zmags.com/publication/359f70e3?page=108"> THE GOOD LIFE // ART $629,(781,21 Ukrainian arti</a>
<a title="Spear's 39 page 109" href="http://viewer.zmags.com/publication/359f70e3?page=109"> THE GOOD LIFE // ART Top photograph by Didier Pl</a>
<a title="Spear's 39 page 110" href="http://viewer.zmags.com/publication/359f70e3?page=110"> THE GOOD it is when a man looks at a wo</a>
<a title="Spear's 39 page 111" href="http://viewer.zmags.com/publication/359f70e3?page=111"> FROM LEFT: LA COUPOLE ABOVE THE EXHIBITION; PEINT</a>
<a title="Spear's 39 page 112" href="http://viewer.zmags.com/publication/359f70e3?page=112"> THE GOOD LIFE // WATCHES $1'7+(:5,67 ,6+,672</a>
<a title="Spear's 39 page 113" href="http://viewer.zmags.com/publication/359f70e3?page=113"> no-nonsense aesthetics and were aimed at the same</a>
<a title="Spear's 39 page 114" href="http://viewer.zmags.com/publication/359f70e3?page=114"> EDITORIAL PROMOTION 7,0( /25'6 Using technology</a>
<a title="Spear's 39 page 115" href="http://viewer.zmags.com/publication/359f70e3?page=115"> THE GOOD LIFE // HEALTH 29(57+(5$,1%2: As she p</a>
<a title="Spear's 39 page 116" href="http://viewer.zmags.com/publication/359f70e3?page=116"> THE GOOD LIFE // ULTRA 52206:,7+$/7,78'( E</a>
<a title="Spear's 39 page 117" href="http://viewer.zmags.com/publication/359f70e3?page=117"> Behind the Residence are nine First Apartment</a>
<a title="Spear's 39 page 118" href="http://viewer.zmags.com/publication/359f70e3?page=118"> THE GOOD LIFE // ULTRA %2848(7/,67 Male scents d</a>
<a title="Spear's 39 page 119" href="http://viewer.zmags.com/publication/359f70e3?page=119"> woody notes. As Craven puts it, ‘It’s like diving</a>
<a title="Spear's 39 page 120" href="http://viewer.zmags.com/publication/359f70e3?page=120"> THE GOOD LIFE // STYLE 0$1+$77$1 352-(&7 A new </a>
<a title="Spear's 39 page 121" href="http://viewer.zmags.com/publication/359f70e3?page=121"> wanted in terms of the balance of taste, quality </a>
<a title="Spear's 39 page 122" href="http://viewer.zmags.com/publication/359f70e3?page=122"> THE GOOD LIFE // POLO 7+( *$8&+2 &/8% Where el</a>
<a title="Spear's 39 page 123" href="http://viewer.zmags.com/publication/359f70e3?page=123"> THE GOOD LIFE // POLO seven (ten is the best</a>
<a title="Spear's 39 page 124" href="http://viewer.zmags.com/publication/359f70e3?page=124"> THE GOOD LIFE // TRAVEL &855(17$))$,5 From uns</a>
<a title="Spear's 39 page 125" href="http://viewer.zmags.com/publication/359f70e3?page=125"> THE GOOD LIFE // TRAVEL 7 he boat do</a>
<a title="Spear's 39 page 126" href="http://viewer.zmags.com/publication/359f70e3?page=126"> THE GOOD LIFE // TRAVEL blossom into th</a>
<a title="Spear's 39 page 127" href="http://viewer.zmags.com/publication/359f70e3?page=127"> THE GOOD LIFE // TRAVEL </a>
<a title="Spear's 39 page 128" href="http://viewer.zmags.com/publication/359f70e3?page=128"> THE GOOD LIFE // TRAVEL 5281'7+5(( William Cash </a>
<a title="Spear's 39 page 129" href="http://viewer.zmags.com/publication/359f70e3?page=129"> down and peer through the window into my friend’s</a>
<a title="Spear's 39 page 130" href="http://viewer.zmags.com/publication/359f70e3?page=130"> SPEAR'S PARTNER %$5%$'26 $7,76%(67 The beautif</a>
<a title="Spear's 39 page 131" href="http://viewer.zmags.com/publication/359f70e3?page=131"> Spear’s has always been more than a magazine — an</a>
<a title="Spear's 39 page 132" href="http://viewer.zmags.com/publication/359f70e3?page=132"> THE GOOD LIFE // MID-ATLANTIC GIRL Daisy Prince </a>
<a title="Spear's 39 page 133" href="http://viewer.zmags.com/publication/359f70e3?page=133"> THE GOOD LIFE // PRIME TIME Ross Clark `In the </a>
<a title="Spear's 39 page 134" href="http://viewer.zmags.com/publication/359f70e3?page=134"> THE GOOD LIFE // PLEASURE DIVIDEND Nick Foulkes </a>
<a title="Spear's 39 page 135" href="http://viewer.zmags.com/publication/359f70e3?page=135"> design for living </a>
<a title="Spear's 39 page 136" href="http://viewer.zmags.com/publication/359f70e3?page=136"> -81(-8/< 35(9,(:-81( ,1)2</a>
<a title="Spear's 39 page 137" href="http://viewer.zmags.com/publication/359f70e3?page=137"> THE GOOD LIFE // COUNTRY WIRE Clive Aslet `Narr</a>
<a title="Spear's 39 page 138" href="http://viewer.zmags.com/publication/359f70e3?page=138"> THE GOOD LIFE // AT THE SHARP END Jason Atherton</a>
<a title="Spear's 39 page 139" href="http://viewer.zmags.com/publication/359f70e3?page=139"> &!! ->5..1-:?A:?45:1 C45@1?-:0.1-/41? </a>
<a title="Spear's 39 page 140" href="http://viewer.zmags.com/publication/359f70e3?page=140"> </a>