The Three Pillars of Financial Planning by Richard Dwayne Blair

Most people are not prepared for their retirement. And many other people have little to no money saved during their younger years. However, one financial planner has created a simple three step process to creating financial wealth and stability. That financial planner, Richard Dwayne Blair, has made it simpler than ever to understand financial planning through his “Three Pillars” strategy.

The First Pillar

The first pillar of financial planning is creating a roadmap for the client. That means a financial planner like Richard Dwayne Blair will seek to understand the goals, risk tolerance, strengths and opportunities for growth. For instance, if a client is younger, Mr. Blair will recommend a more aggressive with the client’s investment portfolio. If the client is older, Mr. Blair would then recommended a more conservative investment strategy. Additionally, understanding a client’s goals will help Mr. Blair understand what steps to take in helping their client reach their magic number.

The Second Pillar

The second pillar involves creating a effective long-term investment strategy for the client. Mr. Blair helps his client’s navigate the moving markets by moving a client’s money into more stable assets during unsure times in the markets. When he markets begin to stabilize and grow, Mr. Blair will find opportunities for his clients to capitalize on rising asset prices.

The Third Pillar

The third and final financial pillar is to monitor a client’s portfolio performance. Once Mr. Blair as determined a client’s risk tolerance and goals, he will then carefully watch the client’s portfolio. The third pillar is designed to help the client safely reach their long term goals.

Richard Dwayne Blair is the owner of Wealth Solutions, Inc. Based in Austin, Texas, Mr. Blair has been registered with the Securities and Exchange Commission (SEC) for the past 23 and is subject to SEC oversight. Wealth Solutions, Inc. currently has $52 million RIA.

 

Led By David Zalik, GreenSky Credit Is A Fintech Company Heading Higher

The name David Zalik doesn’t mean anything to the average person. If Zalik could maintain that anonymity, then he definitely would remain in the background. However, he founded financial technology company GreenSky Credit in 2006. His company has grown from a small fintech company into one of the darlings of the industry. It’s a profitable company with a bright future, and 2018 could be the best year for the company yet.

A Relatively Unknown Company By Today’s Standards

As a fintech company, most people would expect GreenSky Credit’s name to be plastered everywhere. Zalik started the company over a decade ago and has remained behind the scenes since then. He has resisted going public or taking on major institutional investors to grow the company. In fact, Zalik maintains a majority of the ownership in his company, which is somewhat uncommon among fintech companies.

What Service Does The Company Provide?

GreenSky Credit is a fintech company rather than a lender. The company works with nearly 20,000 contractors across the country. When these contractors visit a homeowner, they offer services for home improvement projects. From there, Zalik’s company connects potential borrowers with banks willing to lend the necessary funds. GreenSky provides up to $65,000 for each home improvement project.

Contractors can secure a loan approval for a homeowner in seconds. For interested homeowners, a contractor takes their information and plugs it into a smartphone app. The app connects with GreenSky Credit and its network of banks. An approval comes in less than 60 seconds, and then homeowners are ready to renovate their homes. Typically, contractors pay GreenSky a commission, and banks pay a service fee as well.

A Great Setup With Very Little Risk

Since GreenSky Credit doesn’t own the loans, the company faces little risk. A default on a loan doesn’t hurt the company as much as the bank. Still, it’s necessary to point out that positive loan performance means the bank provides more money to GreenSky. The company profits from both contractors and the lenders without assuming much risk. A long-term loan provides an ongoing source of revenue for the company each year.

Rumors Of An Initial Public Offering Arise For GreenSky

GreenSky Credit recently made the first steps toward making an initial public offering. The company has been private since its inception in 2006. By going public, Zalik and GreenSky stand to make a lot of money. An IPO isn’t guaranteed but does show how successful the company has been to this point. Annual revenue reached $250 million in 2017 and is expected to hit $400 million for 2018. With such an incredible business model, Zalik’s company stands to keep making more and more money as time goes on.

https://en.wikipedia.org/wiki/GreenSky

Wes Edens And His Success In Financial Investment

Wesley Edens was among the principal founders of Fortress Investment Group in the year 1998. The investment style that Edens used is described to one that is based on creative financing and the ability to build businesses from investments. In February of 2007, Fortress Investment Group became the firm to be publicly traded. Wesley and his partners made the company public through the initial public offering. The assets that Fortress has by 2007 included both the publicly traded investment and private equity vehicles. Nomura Holdings, a Japanese financial holding company, bought 15% of the company for 888 million dollars. The proceeds from this transaction went to the five partners making them paper billionaires. In 2009, Eden was appointed to be Co-Chairman of the Board of Directors. He worked in assisting the company which had seen the price of its stock drop to less than one dollar.

From 2015 to 2016, Wesley served as the Chairman of Fortress Transportation and infrastructure Investment. Fortress announced that they are creating an eSports betting team, FlyQuest. Edens managed to get a Bachelor of Science in Finance and Business Administration from the State University of Oregon. He got his degree in the year 1984. Wesley’s career began in 1987 at Lehman Brothers. Here, he served as a partner and managing director until the year 1993. He then left the firm to joining BlackRock Asset Investors. This was a private equity division of BlackRock. He remained in BlackRock until the year 1997, serving as the partner and the managing director.Wes Edens runs the private equity business of Fortress Investment Group. He catalyzed the purchase of Springleaf Financial Services, making Fortress the majority stakeholder. At the time of the acquisition, it was known as American General Finance.

The value of Springleaf rose to 3.5 billion dollars. This made the profit of the company to be more than 27 times the original investment it had made. This made Edens to be praised for his subprime lending skills. He is the chairman of Springleaf Financial Services, a subprime lender.Wes Edens closed a deal where he sold the firm where he was a co-owner, Fortress Investment Group. The sale was to SoftBank Group Corp of Japan for 3.3 billion dollars in cash. The proceedings that Wesley got were about 512 million dollars. He has also received bonus dividends totaling to 11.4 million dollars and another 1.4 million dollars in the unvested shares. Fortress Investment Group will still be operating as an independent business within the principals of Softbank.

Great Investor SahmAdrangi

SahmAdrangi is a Canadian born hedge fund manager with over a decade in the finance sector. On graduating from Yale University with a degree in economics, Sahl worked for various financial giants like Deutsche Bank. He later set out to launch his own company Kerrisdale capital which as of now manages close to half a billion dollars. Starting the business with just a million dollars in 2009, Sahm has over the years acquired a reputation for himself in the financial world.He is hailed for his risky yet always successful investment strategies. He is known to put all his money in shorting a single trade and growing investment from the single stock by over 25 percent in a day.

The brave investor has made huge profits shorting and after that exposing fraudulent Chinese firms that have made their way into the U.S stock market through back doors. Most of them were later investigated by the Securities and Exchange Commission and found to be fraud. Sahm’s passion for research and thorough investigation is what made him the finance guru he is today.

Investment analyst calls Sahm confrontational activist who is brave enough to expose any company cooking its accounting books to lure investors. Some of the incredible skills he has with detecting fraud may have been acquired while working at Chanin Capital Partners. Here, he worked in the bankruptcy restructuring group where he advised creditors on various legalities and strategies on bankruptcy.

Kerrisdale Capital focuses its investment approach to long-term ventures and other special event driven stocks. Investors in this company have every reason to smile as SahmAdrangi has maintained an average of 25 per cent annual returns in the last half a decade or so. Recently an unnamed insider of the company told a news company that Kerrisdale will soon be short selling stocks of major 10 billion dollar company. The targeted firm will be made public soon when Sahm will explain what it is he has seen wrong with the target.

SahmAdrangi is an example of the results that hard work and dedication to a career can offer. The 33-year-old is an admiration to many.

Learn More: www.hvst.com/user/sahm-adrangi