Category Archives: Financial Investing

How HCR Wealth Advisors Differs from Money Management Firms

HCR Wealth Advisors is a California-based independent wealth advisory firm. The team at this company recognizes that no two people take the same approach to their money and so each client has their own needs to be addressed. This company, therefore, offers financial and investment strategies tailored to meet each client’s specific needs. Clients differ in their tolerance for risk, their time-horizons they need to access their money, how much they need to earn from their investments, how much they want to earn, and a number of other factors that are taken into account.

As HCR Wealth Advisors is an independent company their financial advisors are not pushed to sell any particular financial products. They also offer their clients transparency when it comes to the fees they charge. They say that the only way to build a really good working relationship with their clients is by taking this approach. They hope that by taking good care of each client they will stick around for years to come.

One important thing to know about this firm is that they are not money managers. What a money manager typically does is choose assets to place in a portfolio, in a mixture of stocks and bonds appropriate to the client and try to beat the market. Some often overpromise returns and underdeliver on them. Some money managers tend to burn through clients as clients decide it’s not worth their money to use the services of the money manager.

HCR Wealth Advisors is instead a wealth advisor rather than a money manager. They keep the focus on the relationship between them and the client rather than promising any particular returns. Founder and Chief Executive Officer Greg Heller says that his business model is focused around getting to know his company’s clients well and then working to meet their financial needs.

This company can help their clients through the major life transitions that everyone faces sooner or later. This can include getting a large inheritance, marriage, divorce, retirement, starting a business, and similar events. The team at HCR Wealth Advisors can help people through these types of events in a way that helps them attain their financial goals.

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A Look at The Origins of Asset Management Firm Fortress Investment Group

Back in 1998 a group of three investors came together and began a private management firm. The three Wesley R. Edens, Rob Kauffman, and Randal Nardone all shared a dream of being their own bosses and achieving success while at it. They already had enough experience in their respective field seeing as Rob Kauffman and Randal Nardone were managing directors at UBS while Wesley R. Edens, was a partner at BlackRock. These were credentials that spoke of competence and the shared vision they had meant they would work to bring their startup Fortress Investment Group to succeed. The three began managing assets of approximately 400 million and would grow them within the first six years to about 3.2 billion dollars. This was an indication of things to come.

Fortress Investment Group would need to diversify in order to grow and to achieve this it needed to get into capital markets as well as mergers and acquisitions which would only be achieved through private equity and credit financing. Realizing they would require to take own a substantial amount of credit they needed to bring in experts in the field and to achieve this they raided Goldman Sachs coming out with Peter Briger and Michael Novogratz. This two former partners at the bank understood the vision of Fortress investment Group had and at the same time understood what it would take to get to the next level.

After their arrival, they were able to make some rapid changes, and by 2007 the firm was going public managing about thirty billion in assets. They had managed to make some major acquisitions such as Brightline which today runs a number of private railroads where it operates mostly passenger trains the group had also acquired the biggest ski resorts in Canada and were planning to do more. By this time Peter Briger had already become a member of the Board and subsequently been appointed Co-Chairman heading the San Francisco offices. Fortress investment group would get acquired by Softbank in 2018 for 3.3 billion dollars after shareholders approved the acquisition in mid-2017 returning it to private hands.

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Know Jacob Gottlieb

Jacob Gottlieb was born in Brooklyn, New York. He was born into a family of immigrants from Poland who had landed in the United States in the 1960s. He was born by parents who had everything going on well for them in professional careers. His father, Max was a professor of economics while his mother was a pediatrician. The careers of his parent influenced the person he has become today. He has had interest in both industries- healthcare and economics. In his future career, he followed lessons that he had learned from his parent at a young age.

Jacob Gottlieb developed interests in trading at a very young age. In he won his first contest in trading while he was in 7th grade, there was a trading contest in his school, and he emerged the overall winner. This can now be related with the influence his father’s career had on him. His father was thrilled that his son had developed prowess in trading at a very young age. He opened for him an investment account that he would use while still in school. By the time Jacob was completing his high school education, he was ready to pursue the careers which he was passionate about. He was ready for economics and medicine.

Jacob Gottlieb went to Brown University where he graduated with a Bachelor of Art in Economics. He also attended the New York University School of Medicine, where he graduated with a Doctor of Medicine. His first interest was in medicine. He worked at St. Vincent’s Hospital as an intern in order to grow his skills in medical practice. Jacob Gottlieb did not stay for long in the industry. He was ready for a switch. He decided to pursue interests in the financial industry. He joined Wall Street as Chartered Financial Analyst.

His first role in Wall Street was with a company that covered both aspects of his careers. The firm was known as Sanford C. Bernstein & Co. His work was to analyze the global healthcare industry. He later left the company and moved to Merlin Biomed Group as a healthcare portfolio manager. In this new position, he did not last for long; he made another move to Balyasny Asset Management. It is in this firm where he showed his prowess. His portfolio made huge profits. He became on one of the top earners in the Wall Street.