Prando's Asset Management - Revolving door policy

The chairman aims to shore up morale

Julian Marr
clock • 3 min read

"Where have all the doors gone?" I asked the chairman of the improbably-sized investment company Prandeamus Asset Management when I visited him last week.

"Your office appears to possess the only internal door in the entire building. What's up? Theft, woodworm or - a wild stab in the dark - some random corporate policy dreamt up in the last seven days?" "I'll have you know I put a great deal of thought into our random corporate policies," the chairman protested. "And this one is a clever little way to help avoid low morale." "I see," I sighed. "Talk me through the theory then." "I don't know why you have to adopt that pained expression," said the chairman. "It's really very straightforward and logical. "The other day, I read about this ...

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

Advice firms report that around four in ten clients are vulnerable - MorganAsh

Advice firms report that around four in ten clients are vulnerable - MorganAsh

Data from the MorganAsh Resilience System

Jaskeet Briah
clock 28 May 2026 • 2 min read
Student loans present 'almost impossible' financial planning question

Student loans present 'almost impossible' financial planning question

To be a 'burden' for years to come, advisers say

Sophia Panayi
clock 28 May 2026 • 5 min read
Advice consolidation: Reputation, regulation and a transforming market

Advice consolidation: Reputation, regulation and a transforming market

Growth alone is no longer enough

Isabel Baxter
clock 27 May 2026 • 5 min read