Meet Rick Landucci
As he starts at Fiske as an Investment Manager, Rick Landucci joins Ian Clogg to discuss his career to date, his professional philosophy and his view of the markets in light of Donald Trump’s victory in the US Presidential election.
Ian: Welcome to the Fiske family, Rick. Could you tell us a bit about your background?
Rick: I was born and bred in Wanstead, East London, but – as you can tell by my surname – I have Italian heritage. My father was born in Tuscany, and we still visit family there every summer.
Ian: Where do you live now?
Rick: My wife and I live in a small village near Loughborough, in the East Midlands. We have three children – twin boys and a daughter – all in their late 20s.
Ian: And what do you do when you aren’t at work?
Rick: I love football. I’ve supported West Ham all my life, through thick and thin – and there’s been a lot of thin!
I also love cricket and am a longtime Essex supporter. The great Graham Gooch was in the side when I was young, and they dominated English county cricket during that period. There have been some lean times, but my patience has been rewarded more recently.
Aside from being a massive sports fan, I’m also really into woodworking. Together with my son-in-law, I make individual pieces of furniture such as tables, benches and sculptures that combine wood, metal and reclaimed materials.
Ian: How long have you been an investment manager?
Rick: About 41 years. I started in the City at 18 and became a trainee dealer a year later.
Ian: How did your career progress?
Rick: I became a senior dealer at 25, and when I was 31 I became a provincial branch manager. I opened Charles Stanley’s Nottingham office two years later, and since then I’ve run the East Midlands operations of two more companies. And now, of course, I’ve joined Fiske.
Ian: What attracted you to work for Fiske?
Rick: I felt the firms I worked for had become too large and impersonal. I like to get to know my clients and then make investment decisions tailored to their individual circumstances and preferences. I found I was being told what the investment portfolio should look like and my freedom to tailor it to a particular client was too limited.
I know it sounds like a cliché, but I think Fiske is big enough to be successful and small enough to care. Crucially, it makes time for its clients – which fits well with my personal philosophy.
Ian: Thanks, Rick. Before we let you go, one last question. Donald Trump will be the next US President – is that going to change your investment approach?
Rick: Well, we know what happened when Trump was President last time. Although ‘past performance is no guarantee of future results’, I’m hopeful the US market will once again see a boost that will ripple across global markets.
So for the next couple of years I’ll be balancing my investment portfolios across multiple geographies to maximise the potential for gains while minimising the risk of significant losses.
Rick is an Investment Manager in our Investment Team. We offer services to Individuals, Professional Advisers and Companies and Trusts. We also run the Ocean Equity Fund.
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This article is a general communication being provided for informational purposes only. It is educational in nature and not designed to be taken as advice or a recommendation for any specific investment product, strategy, plan feature or other purpose in any jurisdiction, nor is it a commitment from Fiske plc to participate in any of the transactions mentioned herein. Any examples used are generic, hypothetical and for illustration purposes only. This material does not contain sufficient information to support an investment decision and it should not be relied upon by you in evaluating the merits of investing in any securities or products. In addition, users should make an independent assessment of the legal, regulatory, tax, credit, and accounting implications and determine, together with their own financial professional, if any investment mentioned herein is believed to be appropriate to their personal goals. Investors should ensure that they obtain all available relevant information before making any investment. Any forecasts, figures, opinions or investment techniques and strategies set out are for information purposes only, based on certain assumptions and current market conditions and are subject to change without prior notice. All information presented herein is considered to be accurate at the time of production, but no warranty of accuracy is given and no liability in respect of any error or omission is accepted. It should be noted that investment involves risks, the value of investments and the income from them may fluctuate in accordance with market conditions and taxation agreements and investors may not get back the full amount invested. Both past performance and yields are not a reliable indicator of current and future results. Fiske plc is authorised and regulated by the Financial Conduct Authority and is a Member of the London Stock Exchange. FCA Register No: 124279.
