Earning awards, completing successful mergers and acquisition, and maximizing the investment potential of clients has been a ket to the success of Fortress Investment Group

Fortress Investment Group is a preeminent global investment management firm that is part of the private equity, credit, liquid markets, and traditional management of assets.Created as a private equity firm in 1998, and located in New York City, Fortress Investment Group was co-founded by Randal A. Nardone, Wesley Edens, Rob Kauffman, Michael Novogratz, and Peter Briger. Fortress handles alternative assets in credit funds, private equity, and liquid hedge funds. Fortress manages the assets for over 1,500 institutional investors and private clientele. Randal A. Nardone is the current Chief Executive Officer at Fortress Investment Group and has held that non-interim CEO position since 2013. Nardone had inherited the CEO position in 2011 under the designation of interim CEO. Fortress Investment Group was the first company to convert from a private equity firm to a public equity management firm, when Fortress began trading under the ticker symbol, FIG, in early 2007.

Fortress Investment Group was able to increase their investment growth quickly; Fortress and their private equity funds made Fortress a nearly 40 percent return from 1999 to 2006.Regarding acquisitions, SoftBank Group Corp (SBG) — the current parent company of Fortress Investment Group — purchased Fortress Investment Group for over 3 billion dollars. The acquisition of Fortress by Softbank did not directly affect the executive status of Peter Briger, Wesley Edens, and CEO, Randal Nardone. SBG is located in Tokyo, Japan. And as reported by the Financial Times, the U.S. made SoftBank Group Corp relinquish their day-to-day management of Fortress Investment Group in 2017 before the primary regulatory body overseeing this deal between these two companies would allow SBG to procure Fortress. The Financial Times story also mentioned how SoftBank is limited in its management of the 38 billion dollars in holdings at Fortress Investment Group.

Some of the companies that Fortress has in their asset management portfolio include Drive Shack, Rail America, Brookdale Senior Living, New Senior Investment Group, New Residential Investment, Fortress Transportation, and New Media Investment Group.Randal Nardone, co-founder of Fortress, is the director of Alea Group Holding Ltd, Eurocastle Investment Limited, and Brookdale Senior Living, Inc. Fortress Investment Group oversees these companies under the umbrella of the firm’s portfolio.Over the years, Fortress Investment Group has received many awards for their impressive financial work. Fortress Investment Group was given an award for being a management firm of the year in 2014. The publication, Institutional Investor also acknowledged Fortress Investment Group as being an excellent firm that is eminent in the area of hedge fund managing. Also, Institutional Investor gave Fortress Investment Group the award of “Credit-Focused Fund of the Year” as well as other yearly awards.The Board of directors at Fortress Investment Group include Wesley Edens (co-chairman) and Peter Briger (co-chairman), Randal A. Nardone, David B. Barry, Douglas L. Jacobs, Michael G. Rantz, and George W. Wellde, Jr.

Vincent Parascandola:A Talented, Experienced Financial Services Professional

Financial services professional Vincent Parascandola is an AXA Advisors LLC senior executive vice president. Attached to the company’s offices in New York City, he primarily works with high net worth individuals. Parascandola has been involved in the financial services industry ever since he graduated from Pace University with a bachelor’s degree in 1987. He began his career as an agent with Prudential and the company was so impressed with his work he was named their National Rookie of the Year.

In 1990, Vincent Parascandola left Prudential and took a job with MONY Life Insurance Company. He continued to do high-quality work and was soon promoted to a series of regional management positions. Parascandola remained with the company for 14 years and established himself as a highly-skilled professional with wide ranging knowledge of the insurance and financial services industry. By 2004 Vincent Parascandola was ready for another career move. So he decided to accept a position with AXA Advisors. He was soon the AXA Equitable Advantage Group’s chairperson and in 2013 he was appointed divisional president.

Vincent Parascandola current position has him in charge of recruiting, productivity, sales, productivity, retention and management for top positions. With more than 30 years experience in the industry, he knows what to look for in a new staff member and how to help them become as productive as possible. Parascandola’s management skills are legendary at AXA Advisors LLC and he has won numerous awards. They include the GAMA Career Development and Master Agency Award. He was also voted LIMRA’s Field Officers Committee chairman. His dedication, experience, excellence and expertise have taken him to the top of the financial advisory business.

A much sought-after guest speaker at industry conferences, Vincent Parascandola has had his industry securities registration for almost 20 years. He’s also registered with the SEC and FINRA. Axa Advisors, LLC is a broker-dealer that has more than 5,400 registered representatives in cities all across the United States. Vincent Parascandola is one of the company’s top financial advisors and a man that is respected and beloved by the entire staff because of his many achievements.