Wes Edens is a professional who is fortunate to have so many titles in the complicated market. The businessman has always been a key figure in the American financial department. While many people are struggling to acquire a special position in the market, the businessman has been having an easy time while running one of the largest private equity firms that are found in the entire world. The businessman founded a company called Fortress Investment with the help of his friend very many years ago, and together, they have been able to bring a powerful institution that has changed the world in the best way. The story of Wes Edens began when he came into the world many decades ago. To know more about him click here.
When he was a young boy, Edens had the opportunity to attend good schools. The finance background he received when he was at the university helped him to acquire respectable positions in the corporate world. When graduating from the university, the market needed professionals who were well trained in finance, and most companies knew that only people with the right academic qualifications could make the changes they were looking for. Wes Edens worked for many organizations before he finally decided that he wanted to impact a bigger part of the global community.
Wes Edens and his other executives founded a company that was going to be unique and competitive compared to the rest in the market. The team took their time to understand the challenges that many companies were facing, and this is why they laid the foundation for a very influential company. The organization started its first offices in the US before opening other offices in other areas. Consumers appreciated the high-quality services they were getting from the company, and they did their best to make the company a leader. Twenty years later, Fortress Investment is impacting lives, and it has managed to win the hearts of many people. Leadership has its share of challenges. Wes Edens has been fortunate to have some of the crucial leadership qualities needed for an international company. These skills have helped him to maintain the prestigious position of company principal over the years.
Visit his website: http://www.wesedens.com/
A real trailblazer of the investment industry is Fortress Investment Group. This investment firm has been in operation since 1998, after being founded by its three founders; Rob Kauffman (who retired in 2002), Wesley R. Edens, and Randal Nardone (who are still presidents of the company). Fortress is among the companies that started as private equity firms. The founders wanted to form an investment company of a unique kind that would facilitate in the consolidation of capital in the form of private equity and then invest it in cutting-edge instruments of investment that would help create more permanent cash flow for the company. The company started, and its success followed. Within the first five years of existence, Fortress Investment Group had already grown into a very large investment company.
However, the company remained a private equity organization, an aspect that was limiting its growth. In 2002, the firm’s management decided to diversify the company’s portfolio. They intended to manage more investment strategies for their clients so that they could minimize the risk of investing in a single asset strategy. This was when they came up with the idea of recruiting the third co-principal, Peter Briger. When Briger joined Fortress Investment Group, he immediately turned the company into an alternative asset manager. He introduced other asset strategies like real estate, permanent capital instruments, hedge funds, liquid markets and credit funds. This led to tremendous increase in the company’s assets from slightly over $500 million to $3.9 billion.
This was a great step since Fortress could then yield remarkable investment returns for their investors.The actual breakthrough for Fortress Investment Group came in 2007 when the organization went public. I was the first company of its nature and caliber in the whole world to announce an Initial Public Offer. This move was taken with a lot of seriousness in the industry, to the extent of even other companies imitating the move. A lot of companies followed the example of Fortress Group by also going public. Fortress gained a lot of popularity and acquired more clients who were interested in the success of the company. As we speak, The group manages assets for more than 2000 investors globally.
David Giertz, President of Nationwide Financial Sales, highlights some important facts about Social Security. According to a survey he did through the Nationwide Financial Retirement Institute on those who have retired and those who are 10 years before retirement, not enough advisors are speaking to their clients about Social Security. Worse, he adds, four out of five people would change advisors if their advisors did not bring up this crucial topic. Why are advisors avoiding this subject matter?
Giertz explains that the Social Security handbook has a whopping 2,700 rules, which is a lot to consume and understand. Even advisors, he says, may not have the full comprehension of all those rules. But advisors should take an interest in explaining Social Security to their clients. Why? Your Social Security benefits could be up to 40% of a person’s retirement income, which is a big chunk, Giertz says. What Giertz and his team also discovered in the survey is that those who turn on Social Security too early could lose up to $300,000 over 25 years. This translates to $1,000 a month. In order to optimize your retirement income, Giertz emphasizes, understanding that chunk of Social Security is very important.
David L. Giertz is a financial advisor in Columbus, Ohio, with Nationwide Investment Services Corporation. Previously, he was the president of Nationwide Financial’s Sales and Distribution Organization, where he was instrumental in helping to build the division’s profitable revenue.
David Giertz started his professional career as a Financial Services Advisor at Citigroup. He then moved up to Area Director, and finally Executive Vice President of Sales. Giertz is also a Certified Business Coach with the World Association of Business Coaches (WABC). Giertz received his Bachelor of Science (BS) from Millikin University and his Master of Business Administration (MBA) from the University of Miami.