Ambitious young City high-flyers are not being served properly by the traditional wealth management industry, according to the director of a new “wealth club”.

The club is run by The Route, a high net worth wealth management firm, and targets what it identifies as the “will-haves” – high earners who have not yet accumulated a large asset base. The Route claims this group falls between the cracks of the wealth industry which focuses on preservation of assets rather than growth.