Association of Investment Companies CEO, Richard Stone, joins us on the latest episode of Hardman Talks for a chat with Keith Hiscock about the AIC, investment companies and retail investors.
Richard talks about how investment companies (IC) differ from open-ended funds, such as unit trusts. He also points out some of the unique asset classes that the IC structure has been used to give investors access to. The fact that ICs are set up as companies means that they do not necessarily trade at the net asset value, or NAV, thus there are occasions when the assets can be purchased at a discount to NAV.
ICs provide all investors with the opportunity to participate in a wide variety of assets with professional management. Finally, Richard explains the resources that the AIC makes available to investors through its website.
Watch the interview to hear more.
Richard Stone is the Chief Executive of the Association of Investment Companies (AIC), having joined in September 2021. Prior to that, Richard was Chief Executive of Share plc (The Share Centre platform) from 2014 to 2020 and was Finance Director from 2006 to 2013. At Share plc he positioned the company to deliver exceptional customer service, including digital transformation, for both direct retail clients and other partner investment firms. Richard is an ICAEW Chartered Accountant.
