Wes Edens co-founded Fortress Investment Group with Randal Nardone, and Robert Kauffman. To be able to appreciate all the hard work that went into the management of FIG, you need to understand that the company started with about 30 employees and about $400 million capital. Now, the company can boast of more than 1200 employees and still counting. In addition, the current total asset of the company is estimated to worth about $72 billion.Although Wes Edens has vast knowledge in several areas of business, his personal competences are management of fund hedge and private equity investment. His purchase of Milwaukee Bucks is another landmark in his career. He is married with 4 kids and despite being a busy man because of numerous positions, he is also a family man who creates time to be with his family.
He currently has an executive position in very many notable organizations. Some of them are U.S. Ski and Snowboard Team Foundation and Newcastle Investment Holdings LLC. He was the Chief Executive officer of Fortress Investment Group from 1998 to 2003.Considering his achievements and his numerous affiliations, nothing indicates that he had a very humble beginning. He started his career in 1987 in Lehman Brothers. He worked there as the MD and as a senior partner. He left in 1993 and went to join BlackRock where he was also a partner and managing director from 1993 to 1997.To underscore his love for sports, he didn’t only buy off Milwaukee Bucks, he also built a new $400 million arena for the team. He was also instrumental to his company’s contribution to the building of the athletes’ village for the 2010 Olympic Games in Vancouver, Canada.
According to the Forbes billionaires list released in 2018, Wes Edens is #962, a far cry from his position in 2007, which was #297. Fortress Investment Group is loved by its employees for several reasons. One of the reasons they love the firm is its policy on training.Wes Edens and other co-founders of the company believe that from those to whom much is given, much is expected. So, if you want the best from employees, you need to equip them well. This is why they spared no expense when in the regular training of their employees.However, it is not clear if this policy will still be upheld after their acquisition by SoftBank. Even though the acquisition is more like a merger between SoftBank and FIG, a lot of people did not see it coming because FIG was doing very fine.
The investment industry is full of people who do not genuinely care about clients. Randal Nardone started working in the industry at a young age. He enjoyed interacting with clients, but he thought there were better ways to offer investment advice.Most investment advisors make money by offering products to customers. Many of these products have high commissions and do not benefit clients financially. When Randal received an opportunity to start Fortress Investment Group, he knew that it was a great idea. The concept behind Fortress Investment Group was to offer financial planning services to clients who could tolerate additional financial risks. Some clients want to invest in riskier assets to increase their rate of return.
Randal’s Investment Philosophy
Randal Nardone is one of the most prominent investment advisers in the United States. He has a positive track record with clients in various industries. Anyone who wants to take their investments to a new level should consider working him. He teaches people how to invest to reach their goals.Randal invests in various asset classes. Instead of concentrating on stocks and bonds, he buys real estate and gold. He also holds multiple cryptocurrency coins. He firmly believes that blockchain technology can change the world in the coming years.
Fortress Investment Future Goals
Fortress Investment Group is a company that is expanding. With an aggressive marketing strategy, the company should continue growing in the future. Anyone who wants to improve their investment allocation should consider working with Randal. Not only does he enjoy teaching people about financial planning, but he also has experience helping clients from various backgrounds.Randal Nardone could retire, but he plans to keep working for the foreseeable future. He is proud of the company that he helped build. The financial planning industry needs more people like Randal Nardone.
There are times when a woman will struggle to get the job that she wants while watching men around her claim the title that she would like to have, herself. Susan McGalla is someone who has found her way in the business world and found success despite being a woman. She is an example and leader for other women who are looking to be part of the business community. This woman was raised with brothers and a father who was a football coach and she feels that the way that she was raised has influence on her actions now. She was raised to do the same kinds of things that the boys around her did, and she was not given any kinds of breaks for being a girl.
Susan McGalla has held multiple high level positions and has proven that women can make it in the business world. She has worked her way up in the world, proving herself over and over again. This woman has worked as the President of American Eagle Outfitters as well as the Vice President of Business Strategy and Creative Development for the Pittsburgh Steelers. She is someone who is making a way for other women who have dreams for themselves but who have been too afraid to go after those dreams.
Susan McGalla studied at Mount Union College and received a degree from that school. She has a Bachelor’s degree in business and marketing which has been helpful in the careers that she has chosen for herself. She is someone who still has a connection to the college that educated her and she serves on its Board of Directors. She is married to Stephen McGalla, a wealth manager, and she is someone who is happy with the place she is at in her life right now.