View more on these topics

HNW management firm re-launches as The Route City wealth club

Route Group, the high net worth wealth management firm today re-launches as The Route City wealth club.

The Route currently has six advisers and five relationship managers within a team of 31 people. The Company’s new proposition will offer members property, income and future financial solutions for a £2,400 annual retainer.

Members are given two financial reviews per year with annual performance analyses that are benchmarked against their life goals. They are then offered investment recommendations based on their individual ‘wealth map’ and given the opportunity to meet with a technical adviser for specific investment advice on an ad-hoc fee basis.

Route Wealth Management is an appointed representative of Route Mortgages Limited which is authorised and regulated by the Financial Services Authority but some of The Route – future products and advice remain unregulated by the FSA.
The Route City wealth club technical adviser Jonathan Brownlow says: “Some of our more esoteric products such as the film and wine funds are deemed not to be regulated but that’s not to say they won’t be in the future. They were borne out of the appetite from our clients for more interesting investment opportunities.”

The Route City wealth club managing director Mark Worrall adds: “We have done a lot of research into what young, ambitious City high flyers wanted from their wealth manager and decided that we needed to move away from a ‘traditional’ service and more towards a club. Where the high street banks cater for the ‘have-nots’ and the private banks for the ‘haves’, we cater for the ‘will- haves’, and reflect their ambition for growth with ours.”


Down but not out

Investor pessimism over the performance of equity markets is at its highest level for the past decade, according to a Merrill Lynch survey of global fund managers in June. Negative sentiment towards equities is higher than at any time between March 2000 and March 2003 when the decline in global stocks was steeper. It is likely that the second half of this year will be challenging but there are grounds for that thinking there will be selective opportunities to make healthy returns.

What can drive the India story forward?

By Kunal Desai, head of Indian equities, Neptune Since the election of Narendra Modi as prime minister in May 2014, Indian equities have gone on to outperform both developed and emerging markets. A busy period of governmental and economic reforms, a lower oil price and falling political risk have been the primary drivers over this […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm