Most truly wealthy people get wealthy through consistently exercising a hard work ethic, not spending money excessively, and entrepreneurship; however, all wealthy people who didn’t inherit fortunes invested money they earned from working to become wealthier.
People who incorporate, operate, and work for investment management firms get wealthy, too, as long as they don’t blow through their earnings irresponsibly. Mr. Stephen M. Hicks found this out when he spent just longer than the first decade of his working life in financial services. He found the career both enjoyable and lucrative, prompting him to found his own portfolio management firm with a full line of legal and advising services. For more details visit Bloomberg.
Let’s take a look at Southridge Capital, Mr. Hicks’ very own company
In 1996, Stephen Hicks thought for the first time – serious thought, at least – that he wanted to control a financial services firm himself instead of just working for them for the rest of his life. Shortly after, he decided to officially go through with the creation of Southridge Capital.
Southridge Capital was officially incorporated in 1996 and placed just days after its legal birthdate in the affluent city of Ridgefield, Connecticut. He soon hired other employees – today, Southridge Capital has more than 45 workers – though he never formulated his dream team of executives until the past decade. Check out citybizlist.com for more.
Here’s what Southridge Capital does for its many clients
It’s important to understand that Southridge Capital does not offer any services to individuals or personal investors. Rather, Southridge has experienced success by offering a less-common line of services to nothing other than corporations and medium-sized businesses.
Southridge Capital will usually accept clients’ money for investments and place it wherever its in-house investment analyst staff thing is most appropriate for the company’s goals. Further, almost every corporate client is also interested in consulting services like restructuring deals and asset classifications to proverbially pimp one’s balance sheet out to make potential and existing investors more interested in what those corporations have to offer. Another popular service is the oversight and structuring of mergers and acquisitions.