Posts in Category: Financial Standards

Wes Edens; Contributing to the Growth of Fortress Investment Group

Wes Edens; Contributing to the Growth of Fortress Investment Group

Fortress Investment Group was formed by three financial experts who came together to address the growing financial needs of different clients. The company is a highly diversified investment manager that applies deep experience alongside specialized expertise to help clients with investment strategies alongside private equity, liquid markets in additional to traditional asset management. Since its inception, Fortress Investment Management has garnered more than 1,500 institutional investors alongside private clients. The successful leadership of Fortress Investment Group is linked to Wes Edens. He has been the chairman of the company since 2014.

A Look into his Career

Born in 1961, Edens resides in New York and he has been shaping his career around the financial services industry. A graduate from Oregon University, he majored in finance followed by business administration. Other than that, he is well known for being a guru in private investments as well as hedge fund management. It is critical to note that over the years, he has been keen on making sure that he not only flourishes as an individual but also change people’s lives through his career. Edens has therefore extended his skills to serve at Milwaukee Bucks, a famous sports team in America. Besides, he has also served in different companies including being the board of director at Newcastle Investment Corp.

Leadership

In addition to that, Wes Edens is the principle as well as the co-chairman of Fortress Investment Group. In his capacity as the leader, he has been overseeing the streamlining of different operations in accordance to the requirements of clients. Other than that, he is well versed with the needs of his clients and uses that knowledge to make sure that they are served accordingly.

Additional Information

While shaping his career, Wes Edens has made sure that he handles overall leadership, management as well as coordination especially where financial matters are involved. Throughout his day, he plays vital roles in the development of different useful programs that will in turn build the company. Most fundamentally, Wes Edens has played an integral role in the creation of financial budgets alongside maintaining the excellent operating platforms of Fortress Investment Group.

The Observation

Now that Softbank Group has completed the purchasing deal of Fortress Investment Group, many people have questioned the future of the financial services firm in regards to the services they used to enjoy. Well, from the look of things, the umbrella of leadership will still be maintained because Wes Edens has been asked to retain his leadership position.

Brad Reifler Offers Investment Advice

Brad Reifler knows that experience is sometimes the best teacher, even if it is lessons that we do not necessarily want to learn the hard way. He says one of his earliest lessons as an investor was when he opened a college savings fund for his two daughters. When they got ready to go to college, Reifler’s About.me says the fund was worth less than his original investment.

Another lesson that Reifler learned the hard way was when he went to invest money for his father-in-law who had faithfully worked at an RV repair shop that he owned for 35 years. Brad says that he had trouble finding opportunities for his father-in-law and realized it was a problem faced by 99 percent of Americans.

A Reuters article maintains the problem stems from regulations enacted by the Exchange and Securities Commission based on a feeling in the investment community that many people were not smart enough to invest. Therefore, they say that a person must have earned over $200,000 in each of the last two years or have a net value of over $1 million excluding the value of their primary residence.

As the founder and CEO of Forefront Management Group, Brad Reifler has created a list of five tips that he thinks all investors need to remember. The first is to create goals for your investing keeping in mind your assets while considering risks, charges, and expenses. Secondly, he urges all investors to consider the safety of their money. Third, Brad urges everyone to develop a diverse portfolio without putting all their money in the stock market. Fourth, he says it is vitally important to know who you are trusting with your money and develop a business relationship with that individual. Finally, he says that while you get your goal in mind, that you should start small adding to it gradually as you see that your goal is working.

Brad has certainly used his personal experiences to his advantage. Before Wikipedia shows him founding Forefront Management Group, he founded Pali Capital serving as its CEO for eight years expanding the firm to 200 employees located in five regions of the world. As an independent investor, Brad’s first experience was in founding Reifler Trading Corporation specializing in global derivatives.  There’s more information about Brad on the Forefront Group website.