Iconic Fund Manager for the Public: Randal Nardone of Fortress

Last year, Japanese company SoftBank acquired American based Fortress Investments for 3.3 billion dollars in an effort to become one of the leading investment firms in the world, centered around technology and finance; Artificial intelligence being at the forefront of this effort. Co-founded by Randal (Randy) Nardone in the 1990’s, Fortress Investments was the first hedge fund and private wealth company to go public on the stock market in 2007. This move ultimately gained a credit of 600 million dollars for Fortress Investments, and secured them as one of the leading funds to go public with an IPO. This move on the part of Fortress co-founder Randal Nardone was unprecedented and set the stage for other funds to follow suit.

It also allowed for everyday investors to have access to invest in hedge funds which were formerly reserved for the ultra-wealthy. Prior to Fortress Investments, Randal Nardone attained his education from both the University of Connecticut and Boston University. After that, he served as the board of directors on many organizations in the world of finance. Some of these companies included the likes of UBS, OneMain, Springleaf, BlackRock Financial, Newcastle Investment, RIC Coinvestment, EuroCastle Investments, DoBank, and Alea Group Holdings Bermuda.

According to his Bloomberg page, Randal Nardone was even the short-term CEO of Fortress during the years of 2011 and 2013. Now he is the Chief Operating Officer, and continues to guide Fortress even after the acquisition by SoftBank.Fortress, though, was not the only company that was acquired by SoftBank. ARM Holdings PLC was purchased for ten times the amount at which Fortress was purchased by SoftBank, and even Sprint mobile phones was purchased by SoftBank in 2013. Regardless of the fact that SoftBank acquired Fortress, Randal Nardone of Fortress Investments will go down in history as an iconic fund manager who led the way for publicizing hedge funds to the public.

Richard Blair Helping Austin, Texas Community with Sound Investment Solutions

Richard Blair is the founder of Wealth Solutions. The main objective of the company is to offer investment solutions to people within Austin, Texas. Wealth Solutions allows clients to increase, protect and manage their assets. Richard Blair is highly experienced when it comes to investment solutions and has various qualifications and accreditations such as CES, CAS, CFS, and RICP. His dream has always been to use education and knowledge to help people become financially free. Wealth Solutions is based in Austin, Texas and operates as a Registered Investment Advisory (RIA) company


Wealth Solutions works in a very strategic manner in the sense that it has a three-level financial plan that it uses to serve its clients. According to the Richard Blair, every individual has the capacity to create wealth. He believes that all a person needs is a solid plan which will make it easy for them to attain their financial goals. His aim is to provide sound investment solutions to the people of Austin, Texas. To achieve that objective, Richard came up with three pillars that are meant to help clients achieve their financial goals.


The first pillar is specifically designed to assist all clients to draw a financial

roadmap. The main purpose of this pillar is to analyze a client’s financial status and determine his or her goals, strengths, growth opportunities and the ability to withstand risk. This first step is crucial because by understanding the financial background of a client, the company can easily help in designing a financial roadmap for them.


The second pillar, on the other hand, is designed to help clients in developing long-term strategies that suit their specific needs. This pillar is specifically designed to a client’s liquidity investment goals as well as liquidity needs. It is at this stage that Blair reallocates assets to ensure maximum benefit in a client’s portfolio. Richard Dwayne Blair also ensures that his client’s investments risk level is kept low.


Finally, the company has a third pillar where Richard takes care of the client’s insurance needs. This is after analyzing a client’s financial needs and helping him or her develop an appropriate financial roadmap. The insurance includes life insurance, long-term care, and annuities.Click Here for more information.


Richard Blair’s passion for providing investment solution services was influenced by his childhood background. Both his mother and grandmother were teachers and as a child, he could see how the power of knowledge could transform the lives of other people.