Prando's Asset Management - Apathy rules UK

The chairman is pretty sure what IFA stands for

Julian Marr
clock • 3 min read

"Do you know your AERs from your LIBOR?" I asked the chairman of the improbably-sized investment company Prandeamus Asset Management when I visited him this week. "I beg your pardon?" he replied.

"What sort of a greeting is that? And especially after going AWOL for the last two weeks." "I'm sorry," I apologised. "I've just been flat-out with roadshows and the launch of Multi-Asset Review." "The impending arrival of that intriguing sounding new publication notwithstanding, there was a time when you used to take all that sort of thing in your stride and never miss a meeting," the chairman pointed out. "I know," I sighed. "I guess some things just become a tedious and inevitable part of life - whether it be my slowing down in general or off-colour puns about annual equivalent rates ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

FCA CEO tells MPs watchdog 'welcomes debate' over regulatory easing

FCA CEO tells MPs watchdog 'welcomes debate' over regulatory easing

Speaking at Treasury Committee hearing after five-year plan release

Sorin Dojan
clock 25 March 2025 • 3 min read
Pivotal moment in advice: The power of a holistic and behavioural approach

Pivotal moment in advice: The power of a holistic and behavioural approach

The shift to outcome-based strategies

Rio Stedford
clock 25 March 2025 • 3 min read
FCA to publish smaller firm guide this year

FCA to publish smaller firm guide this year

Regulator has heard that smaller firms would like further Consumer Duty support

Isabel Baxter
clock 25 March 2025 • 3 min read