Randal Nardone is a principle and the co-founder of Fortress investment firm. Mr Nardone’s motivation in founding this frim was his desire to help people. Today, everyone is investing. This is a result of popular wisdom; employment makes no one rich. Unfortunately, not many know where or when to invest money. Stock brokers dupe them for their ignorance and they are back right where they started. For this reason Randal Nardone partnered with like-minded businessmen to come up with a firm that helps investors manage their investments. Fortress investment firm looks for investment opportunities and invests on behalf of its clients. What makes them different from other asset management firms is that they aim at helping investors understand the investment market. Apart firm managing their clients’ assets, the Fortress stuff provides them with vital information about the market.
This enables them to understand the market better. In the long, their clients often become investors in their own right. Randal Nardone serves as the chief operating officer of Fortress. He is in charge of legal matters and structured finances. Before founding this company, Mr Nardone worked as an attorney. He was a partner at Thacher Proffitt & Wood law firm. In his years as an attorney, he saw his fair share of investors crying for their money and attempting to recover it through law suits. This peaked his interest in finance. He realised what would help investors more was to have someone who understands the market and its risks to manage their investments.In December 2017, Soft bank acquired Fortress investment firm. Randal Nardone says it is a way to help Fortress manage its finances better.
With Soft bank on board, Fortress has been able to increase its income and strengthen its structures. On the other hand, the acquisition of Fortress has given Soft Bank an opportunity to widen its scope for business. It now had asset management as part of its service portfolio.Though out his career, Mr Nardone has made a name for himself as an excellent worker. He goes an extra mile to ensure his clients get more than they bargained for. This has seen him hold many prestigious positions outside Fortress. Apart from his position as the chief operating officer and co-founder of Fortress, Randal Nardone is a director of Alea Group Holdings (Bermuda) Ltd and Springleaf Finance Corporation and Springleaf Finance Inc. Learn More.