Fortress Investment Group is the first wealth manager to register in the stock market. The company registered its stocks in the New York Stock Exchange despite a significant number of individuals, including experts in the stock market and financial analysts, highlighting that the organization could not become successful by trying such an ambitious undertaking. However, the move proved to be very successful when the company registered its stocks and earned a significant amount of money in this strategic plan. The following are some of the benefits that Fortress Investment Group gained after registering in the stock market.
History indicates that the shares belonging to the Fortress Investment Group were oversubscribed to the extent that the company had to share-split its stocks so that all the people willing to buy could get. The company benefited from the fact that it becomes a publicly traded company that has the full view of the government and other regulatory organizations that monitor public companies. This means that the company had new members on the board, who could make sound and critical decisions about the progress of the company.
The second benefit that the organization gained is that it acquired the necessary funding to continue expanding its operations and position itself in the market as one of the leading wealth managers in the industry. Companies are known to trade in the stock market for many purposes, but the main one is to gain funds, which are used to run the organization into the next phase of operations. Given that the stocks belonging to the organization were split to allow more people to buy them, the company was able to raise funds necessary to push it as one of the world leaders in the wealth management.
Lastly, the wealth manager can be said to have gained an indirect benefit by registering its stocks in the New York Stock Exchange. Due to the ambitious strategy that the organization was engaging itself in, it was able to attract a significant number of customers who started managing their wealth with the firm. This explains why the Fortress Investment Group is the largest wealth managers in the industry.