Wesley Robert Edens, alias Wes Edens is a financialist who has experienced massive success in his career including being a billionaire at a tender age. The genesis of his career was at California Savings and Loan before moving to Lehman Brothers in 1987, where he served as managing director and partner until he moved on in 1993 to join Blackrock. Here he was named partner besides serving as the Director of its child company, Blackrock Financial Management. Peers of Wes Edens describe him as a motivated professional who was goal oriented and had a soft spot for sports and outdoor activities. It, therefore, was no surprise that he would later purchase a basketball team, Milwaukee Bucks that plays in the NBA league. Wes Edens would later leave Blackrock for UBS, where he served as an executive managing director. Edens had gained enough experience working in high profile institutions, and he would partner with Robert Kauffman and Randal Nardone to establish Fortress Investment Group.
Fortress Investment Group is the company that Wes Edens is best credited for its success. Fortress Investment is a leading international investment manager with assets to the tune of $40 billion under their portfolios. The company is credited for coming up with creative ways to turn bad debts, risk and non-performing assets, into profitable investment portfolios. Under his leadership and his partners, they would list the company at the NYSE, making Fortress the first private equity company to go public. Consequently, he would become billionaires in the company’s IPO. According to Forbes magazine, Wes is ranked #962 in the list of the wealthiest people on the planet, with a net worth of $1.2 billion. Under the excellent leadership of Wes Edens and his equally able partners, Fortress would thrive and receive international accolades, resulting to its purchase by a Japanese firm, Softbank in the year 2017, a move that Wes praises saying that it was mutually beneficial. Today Fortress operates independently under Softbank and he continues to serve as the chairman of the board and staff administrative manager.
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Robert Edens is involved in philanthropic initiatives and he mostly donates money towards health, art, and educational causes. He is fully committed to several charities including, Samuel Waxman Cancer Research Foundation, Cardiac Wellness & Rehabilitation Centre, the Quincy Jones Listen up Foundation and many more noble foundations. He is also an avid outdoor lover and has climbed a number of mountains among them Pingora Peak in Wyoming and Matterhorn in Switzerland.
RANDAL NARDONE, CO-F0UNDER FORTRESS INVESTMENT GROUP
Randal Nardone is an entrepreneur and a visionary leader known mostly for his efforts in the business world. He is currently listed as the five hundred and fifty-seventh richest person in the world by Forbes magazine. He was a student at the school of law at Boston University. After graduating with Doctor of Jurisprudence, Randal Nardone settled for a career at Thacher Proffitt and Wood law firm. During his stint there he was a partner and part of the executive committee. Nardone also holds a degree in English and Biology both from the University of Connecticut. Feeling that he had insights in the business world, he specialized in that area. Randal Nardone had a stint at BlackRock Financial as a principal.
Later, Randal Nardone took up a post at UBS as managing director. This was between May 1997 and May 1998. In 1998, together with Wesley Edens and Rob Kauffman, they co-founded Fortress Investment Group. The group had previously worked together in previous companies, BlackRock and UBS.Since the conception of Fortress Investment Group, Randal had been serving as a member of the management committee from 1998. Fortress Investment Group grew rapidly, and in 2007 it was listed on the New York Stock Exchange becoming the biggest private company to be traded publicly at the time. This proved that Randal Nardone and his partners had been executing their business plan well. In November 2006, Mr. Nardone became a member of the board of directors.
As of March 31, 2018, Fortress Investment Group was boasting of 40.9 billion in assets. At the moment Randal has been the acting CEO since December 2011 of Fortress Investment Group, providing expertise in structured finance and legal framework matters. Employees have known Randal as a man who gives opportunities to those who deserve it. Randal acts as a mentor and an example to those that work in the company. On acquisition of Fortress Investment Group by Softbank, Randal thought it was a good move. He said that this would enable an environment that would result in investments with returns. Softbank’s purchase of the Fortress Investment was influenced by proper management, leadership and a decent track record of the firm. Mr. Nardone also noted that the acquisition would increase the firm’s credit in public markets.He is also a director in a good number of firms, including Eurocastle investment, Springleaf Finance Inc, Brookdale Senior Living Inc and others.
Equities First Holdings began as a response to the challenges encountered by the investors in finance. The firm can solve economic instabilities no other local or international money lender can. The company offers quick cash that can help in paying off the debts for other firms. The firm formed back in 2002 in Australia by Al Christy Jr, the CEO.
Equities First Holdings serves corporate entities and high-profile individuals who want to increase their net worth. The money provided can help in opening up of new ventures or improve the existing business entities. The firm opens up the mind of young people by assisting them to utilize the available resources to make use of the arising business opportunities.
Equities First Holdings advocates for transparency in our work. The workers treat our customers with respect and intelligence. Apart from giving out credit, we offer advice on how to settle the financial instabilities to other companies.
In his interview with WSJ, David Giertz emphasized on the significance of social security when it comes to saving for retirement. He argued that according to the recent research conducted by Nationwide Retirement Institute, most people did not have a proper understanding of social security matters. Thus, in his interview with WSJ, David Giertz insisted that advisors should come out clearly to talk with their clients about social security during retirement. He pointed out that in most instances when advisors fail to address social security in retirement plan, they risk losing their clients. For instance, David Giertz argued that 4 out of 5 people were likely to change their advisors if they did not talk to them about social security. Finally, he added that social security may lead to reduction of funds received by 40% of the anticipated valued which may cause a financial strain to the affected individuals in the long run.
David Giertz is currently the president and a financial advisor at Nationwide Financial Distributors Inc. Some people call him Dave but he is properly recognized as David L. Giertz. Actually, he has been working for the organization for close to 4 years now. Previously, he served as a senior Vice president at Nationwide Financial Distribution and Sales at Nationwide Life Insurance Company. In addition, Mr. Dave had served as a vice president for Sales FI/WH from 2009 to 2013 as well as NF- Sales from 2004 to 2009.
David Giertz has over 31 years of experience with Nationwide Services Company. He is also a licensed broker under FINRA registration dealing with buying and selling of securities. Actually, he has an active registration with FINRA in more than 10 countries in United States. Lastly, David Giertz is an intellectual; Dave obtained his MBA from the reputable University of Miami. Additionally, he graduated with a BS from Millikin University.