Randal Nardone is a co-founder, principal and chief executive officer of fortress investment group. He was appointed principal in 1998 and chief executive officer in August 2013 and has served in both positions ever since. Mr. Randal co-founded with Rob Kauffman and Wesley Edens in 1998 to create a private equity company which yielded to Fortress Investment Group after several years of growth. Nardone has Bachelor, from Connecticut University, in Arts in Biology and English and a J.D. from the University of Boston the Law School. Randal Nardone is ranked #557 in the World’s Billionaires list with a net worth of around One Billion, Eight hundred million US Dollars. He is a citizen of the United States residing in New York with his wife with whom he has one kid.
He is the principal of the credit corporation docket at the fortress and also Ncs 1 LLC’s president. He is a chairman and president of Springleaf Holdings, LLC. He is the secretary and vice president at Newcastle Holdings and co-founder at an investment fund of Fortress where he works as the principal, CEO and an executive officer. Randal Nardone also worked at Thacher Proffitt and Wood as a partner. Randal is also a co-founder of an investment trust registered under Fortress and has served in it since November 1999 as its Secretary, Vice president, and CEO. He has also served at RIC, a Co-investment fund, as a secretary, CEO and portfolio manager. In May 1997 he served at UBS as a managing director until May 1998.From June 2002 to 26th September 2016, Randal served at Newcastle Investment Corporation as its secretary after which he was made vice president. He was the secretary and CEO at IMPAC Holdings from May 1999. From 21st December 2011 to 1st August 2013, he served at fortress as its interim CEO. He also served in a financial management company known as BlackRock as a principal.
Fortress was acquired by SoftBank for a cash price of three billion and three hundred million US Dollars. The Fortress principals: Wes Edens, Randal Nardone, and Pete Briger were withheld even after the acquisition. This acquisition was meant to expand the capabilities of the SoftBank group alongside one hundred billion US Dollar vision plot platform which is yet to be established according to Masayoshi Son who is the founder of SoftBank. Randal is confident that the company will grow even under the leadership of Son and that he will keep on advancing the company’s prospects throughout its operations. After the closure of the transaction, SoftBank owed all the subsidiaries and the outstanding fortress shares wholly. The closure of the transaction was made after the Fortress group shareholders approved all transactions on 12th July 2017 and all the regulatory receipts necessary were approved. After the acquisition, all the Class A fortress shares were transformed into a right to obtain 8.08 dollars in cash per share with all proceeds from the merger being distributed according to the procedures for payments laid down in the Definitive Proxy of fortress group dated 7th June 2017 and the acquisition agreement integrated therein.
Working on elevating the status of a business takes more than just planning and execution. There is need to have an external force that can see the weak points of the entity then drat a plan that can effectively eliminate the many problems a business encounters through its operations every day. ARES Security is among companies that have in the past years been looking for ways to maximize performance and to reach better levels through new and better strategies. One of the problems ARES wanted to overcome is getting a financial partner who could be trusted and who would make it possible for the company to achieve its goals.
To achieve this, the President of ARES Security approached Madison Street for support and their working relationship through 2016 bore many benefits for both sides. ARES Security, through the help of Madison Street, managed to come across a reliable financial partner and in the process the company was able to spot some flaws in the system, which were rectified to allow for better performance. The President of the company expressed a lot of joy in the great achievements they have made, thanks to the insight they received from Madison Street during the short period they worked together. This success offers the motivation to consider working with the financial advisory firm in future.
About Madison Street Capital
As a renowned financial advisory firm, Madison Street has become one of the most preferred providers of advisory services across the world. Their unique approach of dealing with challenges has been an asset to the company and it today serves hundreds of businesses across the world, which have been able to overcome the challenges that bar progress or stall projects. Madison Street offers statistical analyses that are objective and focused on offering an entity the ability to plan better to come up with new ideas that can help to eliminate problems.
Among the various services the company offers, it has managed to come up with great wealth preservation methods, which include business exit planning and execution that is focused on offering easy ways of handling challenges. Madison Street also offers tax planning and research into the operations of a company to reveal its ability to deal with the shock that comes with exiting a market for new opportunities. It enjoys the backing of experienced professionals, who have many years working in financial fields like tax planning.
For more information about Madison Street Capital, visit http://madisonstreetcapital.org/about-madison-street-capital.html.
Brad Reifler is the founder and CEO of Forefront Capital Management. Before that, he was the CEO and chairman of his company, Pali Capital where he served between 1995 and 2008. He previously worked at Refco as a star trader before founding Pali Capital. Reifler also worked as a director at Foresight Research Solutions, Genesis Securities and the European American Investment Bank. He is currently a director at the Sino Mercury Company.
As CEO at Pali Capital, Brad guided the company to achieve over $200 million dollar profits. Under his care, the company also grew to employ over 200 workers. They also widened their scope from the US to Australia and the United Kingdom.
In a recent article published at the Huffington Post’s Contributor platform, Brad Reifler shared some financial lessons that everyone is required to learn. Here are some of these principles:
The Importance of a Budget
The same way businesses prepare budgets to plan their expenses and predict their revenue, individuals ought to figure out their possible income and how they intend to spend and save their cash. In fact, you would handle your finances better if you considered yourself as a business. If you understand the importance of balancing your income and expenses while focusing on future needs, you will be able to avoid falling victim of unmet needs and endless debt.
What Compound Interest Does
A young person who begins saving a small amount of money every week or even month can become rich by the time they reach retirement age. The interest gotten from your saved money is added to your account balance and this result in even more interest. Over a long period of time, the compounding effect will result in substantial gains and help to reduce the stress that comes with retirement.
Get Good Deals
They say,” cheap is expensive.” Paying more to get better quality stuff might make sense especially if you can comfortably afford it. Shop around for better offers or negotiate on things like life or car insurance without decreasing their value. It is good to understand the difference between an item that has a low price and one that has a good deal.
Reinforce the above financial lessons in your life then pass them to any young adult. Understanding budgets, saving, credit and other financial concepts will help you create a secure and stable financial future.