Fortress Investment Group Buys iPass

Daily Forex Report recently reported on the private equity firm, Fortress Investment in the article Fortress Investment Group Partners with iPass to the Tune of $20 Million in Credit.” The article was written by Jacob Maslow and he dives into how the firm shifted its investment strategy in 2018. They recently funded iPass, a provider of connectivity, with $10 million in immediately available funds. With a total funding of $20 million, Gary Griffiths the CEO of iPass was quite pleased. He reveals the company is excited to focus on becoming profitable and using their patents to create their new products SmartConnect and Veri-Fi. The company has secured considerable assets.

iPass has one of the biggest Wi-Fi networks in the world, helping millions of people to access Wi-Fi hotspots. The SaaS application gives customers unlimited data on an unlimited number of devices. They created more than 64 million hotspots worldwide and expect to create up to 340 million by the end of the year. The potential growth in Wi-Fi technology makes this a secure bet for Fortress Investment Group.

The deal was brokered by Riley Financial. Riley Financial is an investment bank that focuses on a niche of high-profile deals. They work within for different markets, auction and liquidation, valuation and appraisal, principal investment capital market.

Fortress Investment Group was created in 1998 and was one of the first private equity firms to go public. Their IPO caused a storm in 2007 and led many other firms to do the same. Their investment in iPass is aligned with the philosophy of the company because of the growing need for continual Wi-Fi around the world. Fortress Investment Group is aware that many people are becoming digital nomads and need the technology to work.

The iPass assets include SmartConnect, a software program that focuses on learning from previous experiences to help people make more intelligent connections. Fortress Investment Group has more than 900 employees and is centered in New York. There they have more than 1,750 investors and they manage a fund of more than $40 billion. The company recently raised $2.9 billion in early May of 2017.

You can Trust the Fortress Investment Group With Your Money

Having started their business in 1998 the Fortress Investment Group has sent spread from Austin, Texas to offices in over 100 countries around the world. They had become the global choice when it comes to trading between markets and has been successful in making billions of dollars several times over. Forbes.com is reporting that the end of 2017 the Fortress Investment Group had over $48.3 billion in its portfolio and was only looking to grow over the next few years. Many business analysts are saying this is a trustful company that you should feel free to put your money into. They have been given a five-star rating by many people due to the fact that they are so successful and have diversified themselves. One of the strongest aspects about the Fortress Investment Group is their ability to double down on the five core competencies.

They proudly proclaimed these five core competencies on their website knowing that they will make people feel safer when it comes to investing with them.The first core competency laid out on the website is that Fortress Investment Group succeeds at using asset-based investments. These asset-based investments often go into the areas of arbitrage, market trade, Forex trading, and real estate. All of these things look to make immediate investments and profit through the current trade-off. The second core competency of the Fortress Investment Group is they employ one of the most highly trained business analyst teams in the world. They have over 1500 people stationed around the globe were constantly looking out for market trends and how to make the company more money. These 1500 people are highly educated and often have doctoral degrees by the Thai Fortress Investment Group picks them up. In addition to that, the Fortress Investment Group offers training to each of these workers throughout the year.

At a minimum, they are required to attend at least one workshop every quarter.The third core competency for the Fortress Investment Group is their ability to work as a consulting firm with businesses that are looking to merge. Their goal in this endeavor is to keep stocks and shares as high as they can while maintaining the business operations of each corporation involved.The fourth core competency is the ability to utilize their strong analyst team to take the most complicated problem that is presented to investors and find ways to make it profitable. This means that the Fortress Investment Group has investments in situations that other companies do not have.The last core competency that the Fortress Investment Group proudly advocates for is their ability to help small businesses. They have a portfolio recommendation for small businesses which focuses on low-cost business investments and high-yield profits. To be honest, these profits are not as high as a high risk investment would be yet they are still profitable for how low risk they are.The Fortress Investment Group is looking to grow over the years and now is a good time to invest money.

Vincent Parascandole: An Award-Winning Financial Services Professional

Vincent Parascandola is a New York based AXA Advisors financial advisor. He works primarily with high net worth individuals. Parascandola has been involved in the financial services industry over 25 years and has held securities registration for 17 years. He is also subject to FINRA and SEC oversight. As an AXA Advisors senior executive vice president his responsibilities include management development, recruitment, retention, sales and productivity. He also works developing both experienced and new financial professionals.

After graduating from Pace University with his bachelor’s degree, Vincent Parascandola was hired as an agent by Prudential in 1987. They were so impressed with his work, he was voted ‘National Rookie of the Year. Parascandola spent three years with Prudential before moving on to MONY Life Insurance Company. At MONY he worked in several field management positions in local and regional offices. He remained with the company for 14 years. In 2004 Parascandola joined AXA Advisors as co-manager of their branch in metropolitan New York. There he was in charge of about 400 workers throughout the tri-state area. You can visit Alumnius to know more.

AXA Advisors recognized Parascandola’s natural leadership skills and management expertise and he received several management awards. They included GAMA’s Master Agency awards as well as Career Development awards. Parascandola was promoted to president of AXA Equitable’s The Advantage Group. The unit attracted seasoned financial professionals to the organization. Vincent Parascandola was eventually promoted to a divisional president. A member of GAMA and former president of the Florida chapter, Parascandola is a popular speaker and has appeared at many company and industry conferences. Visit Crunchbase for more details.

In addition to making presentations at LIMRA’s distribution conferences and at GAMA’s national LAMP Meeting, Vincent Parascandola was given the honor of making the commencement speech in 2014 to his alma mater Pace University’s graduating class. As one of the gathering’s honored guests, Parascandola served as an excellent example of what it is possible to achieve with hard work and making the most of the opportunities with which one is presented. Vincent Parascandola is held in high esteem among AXA Advisors’ over 6,000 financial services professionals as an award-winning manager and leader. You can visit his Vimeo account for more videos.

See more: https://wallethub.com/profile/vincent-parascandola-13214204i/

Investment Advisers Need to Inform Their Clients About Social Security

In an interview with WJS, David Giertz, the President of Nationwide Financial’s sales and distribution, expressed his concern over the number of investment advisers who are not counseling their clients on the best way to invest in their own retirement.

David Giertz states that it is impossible for investors to understand the ins and outs of investing in their own retirement. This is because the number of rules and regulations, as well as who they pertain to, can be impossible for the average person to navigate.

He also expresses concerns about investment advisors allowing their clients to trigger social security too early, which could result in the loss of more than $300,000 in a 25-year time span, which is a tragic loss on angel.co. Ensuring that clients are financially sound, and make financially sound investments is part of the investment adviser job title.

Read more: Insurance Agent at Nationwide Financial Institution in Fort Lauderdale, FL

Who is David Giertz
David Giertz is a Senior Investment Adviser for Nationwide Financial Distribution and Sales at Nation Wide Life Insurance Company. He is also the Senior Vice President for the company on Instagram. Giertz is an accomplished investor who has made a name for himself since 2014. His career really skyrocketed in 2013 when he became the Senior Vice President for Nationwide Financial Distribution.

Giertz’s Linkedin Profile offers great insight into his career, and the success that he has reached. He has more than 30 years of experience in the financial sector, and is extremely adept in financial sales and distribution. His career accomplishments show how successful he has been in helping clients develop their social security investments and retirement plan.

Find more details about David Giertz: https://twitter.com/davidgiertz