Richard Dwayne Blair is an investment professional who works at Wealth Solutions. During his career, he has helped numerous people reach various financial goals. He is proud of the work that he has accomplished in recent years. He is the type of person who wants to make a positive impact on his clients. Instead of selling clients expensive investment options, he teaches them how to manage their finances.
Richard Dwayne Blair started working in the financial planning industry many years ago. He slowly built up a broad client base, and he became one of the most successful people in the field.
Richard Dwayne Blair likes to give simple advice to his clients. He firmly believes that one of the most significant issues with the financial planning industry is the complicated investing advice given out. Instead of giving complex advice, investment professionals should teach clients the basics of investing.
Investing is less complicated than many people realize. Some people are so intimidated by investing that they choose to avoid it entirely. When people stop investing, they make it much more challenging to reach various financial goals. Young people who start investing at a young age have a much higher chance of retiring with a substantial nest egg.
Although Richard is happy with his career, he is still focused on growing his business. He could have comfortably retired several years ago. However, he wants to continue investing in his clients for various reasons. He has a plan to help any client improve their financial position. He works with some clients who are deeply in debt, and he also works with clients who already have a massive fortune. With his investing advice, he believes that he can help anyone improve their financial position. He is also writing a lot of online content related to investing.
Wes Edens is a private equity investor, sports team owner, successful American businessman, and the Founder and Chairman of Fortress Investment Group, which is one of the largest alternative asset managers in the world. He started out his career by making a decision to go to college, and he chose to attend Oregon State University where he earned a Bachelor’s Of Science Degree in Finance and Business Administration. After finishing up his education, he went to work with the Lehman Brothers in 1987 where he took on the responsibilities as the managing director and partner of the company. After working with the Lehman Brothers company for six years, he moved on and went to work for BlackRock and more specifically its private equity division known as BlackRock Asset Investors. He eventually became BlackRock’s managing director and a partner and worked with the company for four years.
In 1998, Wes Edens, along with five other principal partners, founded Fortress Investment Group. It was originally named Fortress Investments, and Edens quickly gained attention from the media as the Wall Street Journal commended him for his excellent and creative investment style. In 2007, Fortress Investment Group went public and was making millions of dollars for its investors and team members. Edens eventually took over as the Co-Chairman of the Board of Directors for the company when it fell into a slump, and he worked hard to help Fortress make a comeback by offering subprime lending. In 2017, Fortress Investment Group created an eSports gaming team they named FlyQuest, and Wes Edens was a large part of this. To this day, the eSports team competes in the League of Legends North American Championship Series.
In 2008, Wes Edens ranked #962 on Forbes list of billionaires, and his net worth was described as being around $1.2 billion. He has gone on to earn plenty more money after 2008 and is still listed near the top of billionaire lists. In 2014, he decided to purchase the Milwaukee Bucks from Herb Kohl, and his partner Marc Lasry and himself bought the team for $550 million. Part of their agreement was that they would keep the team in Wisconsin and construct a new arena so the team could move on from the BMO Harris Bradley Center. Wes Edens, now, enjoys spending time with his wife, Lynn, and their four children, and he looks forward to continuing his work as a team owner and businessman from the United States.
There are always new educational platforms being created to help students in their academics each and every year. One of the most popular and effective to date is Class Dojo, which has managed to reach the majority of schools around the country today. So far, most learning programs out there do a modest job of helping students, but they do have their drawbacks. Not only do most programs out there cost money to maintain continued use, but they focus on one area of improvement, meaning students will need other programs to help them in other areas. Class Dojo is one of the few learning platforms that focus on improving student’s learning through communication.
Class Dojo founders, Liam Don and Sam Chaudhary, traveled around the country to different schools speaking to teachers and related staff to get a better idea of what problems teachers and students were faced with most. It turns out, most teachers agreed that communication was becoming very poor in the educational community. This inspired Sam and Liam to start up Class Dojo with a core based on communication to help teachers and parents better connect with their kids. All day every day, parents can stay involved with their child’s schooling to give them confidence and support.
Despite being free, Class Dojo continues to grow and has found its way into classrooms all over the world. Teachers from different countries are able to connect and bring their students together to give them insight into different societies and cultures through the platforms storyboard and class board. Through this section, students and teachers can share videos, notes, pictures, and more. The program can stay free thanks to optional features that cost money, such as different avatars for students to use when creating a profile. Though the biggest reason is that there is so much support for the program through donations and fundraising.
Global investment giant, Fortress Investment Group (FIG), has officially been acquired by Japanese technology company, SoftBank (SFTBY) Group. The $3.3 billion cash purchase was completed at the end of 2017. This acquisition marks a major step into the global investment markets by SoftBank. Since its inception in 1998 as a private equity firm, Fortress has been a bellwether and trendsetter in the financial sector. Fortress made history with its initial public offering (IPO) in 2007 when the company became the first major private equity firm to go public on the New York Stock Exchange. Fortress Investment Group currently has 1,750 investor-clients that they direct $43 billion of assets for.
The assets are directed to private equity, hedge funds, and permanent capital vehicles. The New York-headquartered company has over 900 employees. Fortress was founded by Randal Nardone—current principle, Wes Edens—current principal, and Rob Kauffman—retired in 2012. The founders brought their collective experience from the positions they held at Goldman Sachs, Lehman Brothers, UBS, and BlackRock Financial Management. In 1999, Fortress Investment Group launched its first investment vehicle—the Fortress Investment Fund I. Real estate in New York and Toronto, was the major focus earlier, and later expanded to include hedge funds and debt securities.
Over its first five years, Fortress Investment Group went from $400 million to $3.9 billion in assets managed. The asset count rose to $32.9 billion by 2007. Fortress is also the parent company of New Residential Investment, a company that purchases a large quantity of mortgage servicing rights. The company is also a partial stakeholder in Nationstar Mortgage, the non-bank mortgage company known as Mr. Cooper.SoftBank is aggressively positioning itself in the global financial markets, and also continually increasing its threshold in the technological community, recently announcing a partnership with Saudi Arabia, to establish a $100 billion tech fund. SoftBank’s CEO says that $50 billion of the funds will go toward investments in the US.
Fortress Investment Group has widened its base with the recent purchase of a distribution center owned by SuperValu. They sourced funds from the Canadian Royal Bank to procure the deal. The distribution facility located in Pompano Beach cost them a total of $66.4 million. The group made the purchase through one of their affiliate groups involved in the distribution of grocery. The facility that was constructed back in 1973 at a cost of $51 million when it was last traded. This transaction took place 12 years ago. The Florida Associated Grocers, the owners of the facility, had been planning to sell seven other facilities along with the Florida based distribution center. They made an announcement to that effect in April. Facilities in Pennsylvania, Green Bay, California, and Illinois were among those up for sale.
Softbank purchases FIG
This has come a few months after the Fortress Investment Group got new owners. Softbank paid $3.3billion in cash to acquire the leading alternative asset manager late last year. As Masayoshi Son, Softbank’s owner, had promised at the time of the purchase the executive team of FIG was not tampered with. Pete Briger, Wes Edens amd Randal Nardone did not relinquish their positions at the top of the group’s leadership.When Softbank made the purchase many analysts and critics felt that they were venturing into unknown territory. They were not entirely wrong in their opinions as the firm had been known for investing in technology based start ups. Son felt that the acquisition would give them an opportunity to expand their operations.Randal Nardone of Fortress Investment Group felt that the transaction was timely. True to his word the fortunes of FIG took a positive turn and their share value has since increased much to the delight of their clients.
FIG Services and Core Competences
Even under new owners Fortress Investment Group that was launched towards the close of the 20th century (1998) has kept its desire for excellence in service delivery. The company offers asset management services ranging from private equities, credit funds, hedge funds along with other alternative asset management services.The core competences that they pride themselves in guide all their operations. They are first asset based. This emphasizes that their operations are run around the client’s assets. They also have good command of corporate mergers as well as acquisitions. They boast in a great knowledge and understanding of the market. Their top leadership organ clearly demonstrates this as they bring on board years of experience and expertise in asset management. The other two competences are operations management and capital markets.
Malcolm CasSelle has recently launched his new company worldwide asset exchange. This company will be utilizing the new technology that powers fit going, the blockchain. This technology allows for the creation of a decentralized place in order to facilitate transactions between users around the world without the need of a centralized marketplace. The decentralization of virtual asset exchange will able for several benefits to these marketplaces that target key deficits that have been experienced using centralized technology in the past. Malcolm CasSelle is the president of worldwide asset exchange as well as the chief investment officer of one of the world’s leading marketplaces for the purchase and selling of virtual items in video games.
He also has already had an extensive career in the digital technology industry and has been responsible for seeing the rapid expansion of several digital companies. He has had a key role at in the leadership positions of the various digital technology companies during the start of phases of their businesses. Many of these companies have gone on to become prominent players in the digital technology industry.
In addition to the success that he has seen as an executive in the digital technology industry Malcolm has also been able to generate significant returns on investments as a venture capitalist. Malcolm CasSelle was able to invest during the early of several notable digital technology companies such as Facebook and Zynga.
He was originally educated in the United States of America at the Massachusetts Institute of Technology where he attended his undergraduate education. He graduated from the University with a degree in computer science and later went to Stanford University for his graduate education. Stanford University awarded Malcolm CasSelle his Masters degree in computer science after he completed the curriculum that was required for the degree.
His new company, worldwide asset exchange, promises to help eliminate the problem of geographic fragmentation and the prevalence of fraud that is present in initialized marketplaces. His new company will utilize a common store of value for its users known as wax tokens that will eliminate the need for foreign exchange markets to conduct transactions between users around the world.
The Fortress Investment Group was established by Wes Edens and Randy Nardone in 1998. The company’s objective in the building of control-oriented speculations in the generation of cash flow was to acquire asset-based businesses and other assets in Western Europe, the Caribbean, and North America. The team at Fortress Investment implements a hands-on, opportunistic, and value-oriented method on the industries where the company has substantial knowledge and proficiency. The company is amenable for investments that cover a wide array of industries that as of the latest consist of Infrastructure and Healthcare, Energy, Transportation, and Financial Services.
The Private Equity Team of Fortress has a profound experience in investing in financial and physical assets that covers loans and leases, solar facilities and real estate, and airplanes and railroads that are protected by consumer and commercial assets. From the company’s perception, asset-based investment gives a basis of value against the possibility of such investment to be financed or underwritten that could provide a wider scale of exit options. The steady long-standing cash flows can similarly deliver an appealing alternative for taking the lead on progressive economic movements while evading the dualistic results which are related to the short-term, economic incidents’ impulses.
Value-Oriented Investing and Broadmindedness for Complexity
The usual practice of the Fortress Investment Group is to search for investments that can be procured at reasonable appraisals that is most often the outcome structural disfavor, distress, and complexity that is covered by the principal markets. As per the company’s familiarity of the industries, majority of the best investments are within the changing or difficult settings, especially when disturbances in the capital markets result to the insufficiency of funds for businesses that are by nature capital exhaustive. This is veritable for procuring an entire company including supplementary investments that are opportunistic which are in existence within the companies’ collection of assets.To be able to acquire the most captivating prospects in investment, Fortress Investment Groups’ Private Equity Team assess situations that involve a variety of multi-faceted tax and regulatory issues, elaborate capital structures, and asset classifications.
The investments of Fortress are usually at the connection of asset-based investment regulations.On the 28th of December 2017, Softbank Group Corporation publicly broadcasted that it has finally completed its procurement of Fortress Investment Group in the amount of $3.3 billion that it paid in cash. Subsequent to the deal SBG and all its wholly-owned holdings shall now own all the Fortress outstanding shares. The finalization have likewise satisfied all the pre-requisites of closing the transaction, as well as the approval of Fortress’s investors made on the 12th of July 2017 with the inclusion of the receipts that have all the essential regulatory endorsements. The agreement also entailed that Fortress will be operating separately from the Softbank Group, this will give the principals (Pete Briger, Wes Edens and Randy Nardone) of Fortress the opportunity to focus on the business without having to constantly deal with the headaches of managing the daily office operations.
Today, Eric Lefkofsky is widely known in the world of business, as he has been tremendously successful starting up his own companies. Since graduating from his university back in 1991, Eric has managed to become a widely sought after entrepreneur and has held many executive and board positions at major companies. One of Eric’s latest pursuits is Tempus, a technological company that focuses on analytics software to compile medical data relating to cancer. It is Eric’s mission to ensure Tempus is a success and improve the medical industry for the better through superior technology, which has been lacking for decades in the medical field. Millions of people around the world could experience better treatments with the technology behind Tempus, and Eric works hard to improve Tempus’ reach every day.
Although cancer is a very complex illness, there are ways to treat it. One of the big problems is the lack of information and patient data, however. Not every patient is the same and therefore they need to be treated differently. Tempus sequencing will bring all patient and clinical data together while also structuring it to make it usable for physicians to tailor their treatments. Doctors have access to client data today, but it is mostly disorganized and unusable due to the inefficient presentation. Since first starting up in 2015, Tempus has come a long way and continues to improve today. The costs involved in genomic sequencing have also continued to go down dramatically thanks to Tempus, opening up possibilities to even more people around the globe.
The true inspiration for Tempus came when Eric saw the effects of cancer up close and personal. Ever since then he was sure there was a better way given the state of technology in use by the medical industry. Tempus majority aligns with Eric’s passion for philanthropy as well, as he is a powerful advocate for giving back to the community and helping people all over the world. This is what inspired him and his wife to start up the Lefkofsky Foundation back in 2006, which has helped thousands of people today in various different areas, mostly education and educational programs.
Digital wallets have no reached maximum popularity for one major reason. People still don’t fully understand the conveniences and advantages of using one. In practice, a digital wallet works exactly as a physical one. It is a convenient place to store cash.
These wallets are thriving in some European countries. Many people in these countries use digital wallets on an every day basis. They can withdraw from ATMs, make purchases at stores and restaurants, and even accept payment for their own goods and services. These people fund their digital wallets via transfer from a normal checking account or with credit cards.
Digital Wallets don’t offer all of the services as a bank, but in Europe, a digital wallet can enact most of the everyday banking services. Smaller companies could even operate their entire business from a digital wallet.
EcoPayz is one of the digital wallets available in Europe. This service is free to sign up with. Even though the s standard version of EcoPayz is free, there are five different levels of subscriptions offered. Users can choose to purchase a variety of additional services via these subscription services and make payments from a wearable ring.
PSI-Pay is another European company, and it is regulated by the United Kingdom’s Financial Conduct Authority. With such government observation taking place over PSI-Pay’s business, users of digital wallets feel a sense of security. PSI-Pay saw a 30% increase in business volume back in 2015.
PSI-Pay and Kerv recently decided to link up in order to create a contactless payment ring. This partnership uses PSI-Pay’s license with MasterCard to enable users to make payments in 38 million locations all over the world. Users of Kerv are now able to use their MasterCards to fund their accounts and transfer to normal bank accounts.
“With Kerv we are creating a unique, new payment device,” began Phil Campbell, the founder of Kerv. “Not only with a more convenient, personal form factor but extending its capability beyond payments, to transport, data sharing and access control.”
Kamil Idris on the Intellectual Property in the Digital Era
Kamil Idris is a Sudanese lead statesman. He is also an international civil servant and scholar. His views on globalization are rather intriguing. Globalization has called into action several innovations around the world. Some challenges, however, arise on the ownership of ideas. In a recent interview, Idris, a former administrator in charge of the World Intellectual Property Organization (WIPO), gives his inputs on the various means by which globalization affects intellectual property rights. He calmly pointed out that as a result of globalization, the number of patents submitted all over the world has dramatically increased. Being in the internet era, Idris further reports that some privacy issues have made the Intellectual Property Rights regulations difficult. These challenges as pointed out by Idris include piracy and counterfeiting. He notes that patent applications even in the most developed of countries can be inefficient. Developing countries are, therefore, highly disadvantaged.
Lack of proper training and resources on intellectual property is a setback in most countries. Dr. Idris, however, believes that the services provided by WIPO should be able to help individuals and organizations in developing nations maneuver the complicated process of patent approval. Less than two percent of the total patents applications come from Africa. A primary reason according to Idris is progress without devaluing the traditional knowledge with digital resources. Idris claims that solving this problem would bridge that gap since most foreign companies utilize local skills while giving back very little.
Kamil Idris continues to point out that, developing countries are usually at the mercy of their more powerful counterparts. These countries have very little influence with regards to trade regulations, copyrights, and trademarks. The World Trade Organization (WTO) is making attempts to tailor their IRP framework. As the director of WIPO, Dr. Idris brought into focus some of these ideas. As a result, WIPO copyright treaty and phonograms were established. He helped shed light on these forums through World Intellectual Property Day, April 26th. WIPO and WTO are continually making the efforts to solve arising problems. However, there is still so much that can be done to improve this sector. https://www.amazon.co.uk/Books-Kamil-Idris/s?ie=UTF8&page=1&rh=n%3A266239%2Cp_27%3AKamil%20Idris