One of the most familiar names in the world of wealth and investment management is Fortress Investment Group. Founded in 1998 by Wesley Edens, Randal Nardone, and Rob Kauffman, Fortress Investment Group started out in the world of finance as a private equity firm, but later on grew to become a comprehensive financial services provider. The company has grown to become one of the big leagues wealth management firm with a global presence and manages the assets and investment portfolio of over 1,500 institutional investors and HNI clients. Over the years, the company has emerged as one of the leading companies offering exceptional services at competitive prices.
Fortress Investment Group has increased in size and revenue over the years due to its leadership. The company has net income of nearly $200 million and gross revenue of $1.1 billion. The company specializes in mergers and acquisitions and has overseen many major mergers and acquisitions in the country. In the past few years, the company has been able to provide comprehensive financial services to many companies from across the globe. The company also played a role in the Winter Olympics and financed its indirectly in developing infrastructure. Even though Fortress Investment Group started out as a private equity firm, the company has been able to grow into a global diversified financial services firm. When the company launched its IPO in 2007, Goldman Sachs and Lehman Brothers underwrote it. It was the first ever private equity firm in the United States to be launched for public trading.
Investment and wealth management has become a highly competitive sector, and there are tons of companies providing similar services. However, Fortress Investment Group has become one of the most preferred financial services providers in the United States due to the experience it brings to the table. Since finances are something that most people are a little protective about, they want to choose a company that has a good reputation in the market. Apart from their present offerings, the company is also looking to expand their business beyond the usual financial services so that their clients can get all the services they need from one place.
For details: www.fortress.com/businesses/private-equity