Randal Nardone is a prominent capital investor who has significant knowledge and experience in managing an organization. He is the current co-founder of Fortress Investment Group, an organization that has been setting trends in the asset management industry. Nardone has been credited due to his knowledge of developing and implementing some of the most feasible and practical policies in the field of financial investment. Being the leader of Fortress Group, Nardone has used various strategies that upcoming asset managers should consider.
The first strategy that Randal Nardone incorporated in Fortress Investment Group is quality services delivery to the customers seeking for investment advice from the firm. In fact, Fortress Group was established with the vision of offering a quality customer experience that could not be provided by other entities in the industry. Customers visiting the premises of the firm were served within a short period, and the majority of them expressed the satisfaction on how their grievances were handled. Many customers would later be attracted to the company due to its quality service delivery and enhanced customer experience.
The second strategy that upcoming asset managers can learn from Randal Nardone is his obsession with innovative methods. Nardone has been at the forefront of ensuring that Fortress Investment Group uses technology is most of its undertaking which was geared towards providing that the firm offer quality services within a short period. All the customers visiting the firm were served using innovative methods where their claims would be handled within a short time hence giving the company to serve many customers in a single day. Technology also helped the company to minimize on its expenses by cutting labor costs and reducing paperwork within the system
Lastly, upcoming investors should learn the art of taking risks and investing in areas where they have a feeling that their investment will be paid back with profit in a short while. Randal Nardone is known for investing in undervalued assets that were being disposed of by other organizations that attached little or no value to them. It is through these risky investments that Fortress Investment Group has been able to accumulate many assets within a short period. A Force of Innovation: Two Decades of Fortress Investment Group