The majority of wealth managers are sceptical about investing in alternative assets like art, wine and bloodstock, unless through a fund that has already has a sustained period of success behind it.

Nearly three quarters of wealth managers believe that when it comes to alternative assets like art, wine and forestry, there needs to be a long track record of "several years" before they will recommend them to clients, according to a survey conducted by City law firm Lawrence Graham and network company Family Bhive.