Randal Nardone is one of the co-founders of Fortress Investment Group where he has remained for more than 30 years offering high quality services to the customers and analyzing investment opportunities where the company could invest its resources. Fortress Group has grown to be one of the largest asset managers in the country due to the customer base and the wealth managed by the company. Randal Nardone took a significant risk by registering the company in the New York Securities Exchange which brought many benefits to the growth of the company.
Many market analysts and financial pundits had significantly highlighted that the company was adopting a poor strategy by registering in the New York Securities Exchange as an asset manager. However, the much-anticipated registration and initial public offer changed the fortunes of the company that now stands as a great asset manager in the industry. This was one of the critical decisions that Randal Nardone will remember forever.
After registering the company, a large number of people were attracted to the asset management and alternative investment companies because there had never been another company in that industry recorded in the stock market. This interest brought a large number of investors who bought units of ownership from the company. The money collected through the sale of stock was reinvested back to the company to purchase assets and improving the operations of the company in other areas. It is through the registration of the company in the New York Securities Exchange that the company established itself as the leader in wealth management.
Besides getting sufficient capital to invest and expand the operations of the company, Fortress Investment Group received broad and unlimited media coverage which acted as a marketing tool to the company. This enabled it to attract prospective investors while at the same time being recognized in the market as a frontier organization in wealth management.
Randal Nardone has transformed the leadership of Fortress Investment Group in such a way that no other financial organization in the industry can afford the kind of visionary leadership that is in the company. One aspect that Randal has implemented in Fortress Group is the mentoring of the young employees with the intention of nurturing them to become successful future leaders. This aspect will ensure that the company has put in place a clear succession plan to ensure its continuity even after the three co-principals get their retirement.