Prando's Asset Management - Off the cuff

The chairman frets about one aspect of SJP’s recent news coverage

Julian Marr
clock • 3 min read

"Do you know the single worst thing about the coverage of St James's Place in the Sunday Times?" asked the chairman of the improbably-sized investment company Prandeamus Asset Management.

Mortifyingly, he had insisted we eat lunch in the window of a restaurant by Lloyd's of London and, having piled the table with more wine than even he could finish, was now waving and laughing at anyone he thought might work in insurance. "Is it the damage it risks doing to the wider advice profession in the eyes of the public?" I suggested. "It does rather feel as if we have gone back in time a few years - and that can't be good." "No it can't," the chairman agreed as he spotted a miserable-looking group of men walking past the window and started pretending to drink straight from a bottl...

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 Investment

Darius McDermott: Old demographics, new innovations — so why isn't healthcare booming?

Darius McDermott: Old demographics, new innovations — so why isn't healthcare booming?

'The sector should be flying — but it isn't'

Darius McDermott
clock 08 May 2025 • 5 min read
Why China's journey to net zero demands investors' attention

Why China's journey to net zero demands investors' attention

China's journey towards net zero could yet prove more rapid than expected

Gabriel Sacks
clock 07 May 2025 • 4 min read
Morningstar CEO: Advisers and industry need 'shared language' around risk

Morningstar CEO: Advisers and industry need 'shared language' around risk

Kapoor points to UK regulation becoming more ‘goals focused’

Sahar Nazir
clock 07 May 2025 • 2 min read