The decision of NexBank Capital, Inc. to acquire the College Savings Bank was the best that the company has ever done. This is because of the benefits that both companies expect to reap from each other following the transactions. The acquirer, NexBank Capital, Inc., hopes to take advantage of the enormous clientele base possessed by the College Savings Bank. This would have a myriad of positive effects on the company’s revenue collection and the profitability in general.
On the other hand, the College Savings Bank is expected to gain in plenty from the acquisition. One of the ways in which it is supposed to benefit is through the vast expertise of the acquirer in the management of investment strategies. As an investment management firm, NexBank Capital, Inc. manages multiple asset strategies on behalf of its clients. This puts it at a better position to choose the best investment strategies for the acquired company, depending on the needs of its clients.
The other way in which the college Savings Bank hopes to benefit from the acquisition by NexBank Capital, Inc. is through the vast capital base of the company. Due to the large size of the company, it possesses a considerable amount of capital that will allow the College Savings Bank the latitude to invest in more profitable investment strategies which involve a higher investment risk than the one it currently assumes. As a result, the bank will manage to yield better investment returns on the savings of their clients.
The College Savings Bank has been in operation since 1987. It has specialized its services in providing parents who have young kids anticipating joining colleges and universities to save for their future. The beauty of the College Savings Bank is that it provides the clients with a variety of savings programs that give them the freedom to select the best that suit the needs of their children. NexBank Capital, Inc., on the other hand, has been in operations for the past century, since 1922. The company provides a variety of financial services to its clients who are mainly institutions. However, individual investors also form a considerable part of the company’s client portfolio.
Professional investor Paul Mampilly carefully follows the latest technology news for opportunities to make money. He is very interested in artificial intelligence, robotics, and the Internet of Things. Artificial intelligence is being used just about everywhere anymore. The ads you see online were selected for your viewing by an AI based on what you have recently shopped for online, such as at Amazon. Music apps will offer you suggestions based on what type of music you usually listen to. If you want to go on vacation there is AI that will suggest where to go and what to do once you’re there.
While some people think all of this artificial intelligence is a bit weird and scary, Paul Mampilly says that it’s actually pretty simple. He also regards it as harmless and very beneficial as it makes life easier. Businesses benefit from AI because it gives them a competitive edge against other companies in their industry. He says that companies that develop artificial intelligence or going to have their stocks skyrocket over the next decade and that is where investors should be looking for opportunities. At last year’s Total Wealth Symposium he let the audience in on three AI stock recommendations he had researched. That was 11 months ago and those three company’s stocks are now up 29 percent, 86 percent, and 145 percent.
Paul Mampilly says that the S&P 500 is about 16 percent during that time frame so investors could have made a lot more going with his recommendations instead of using an index fund following the S&P 500. He is also investing in companies that create robotics. He says that he has robotics in his own home such as the Nest Thermostat and a couple of drones. Robots are revolutionizing a number of industries including manufacturing, customer service, and hospitality. Paul Mampilly used to be a hedge fund manager before he decided to retire at age 42. Since he retired he still follows investments but now he does so for average people rather than the richest 1 percent. He writes Profits Unlimited which can be found through his publishing firm, Banyan Hill Publishing.
The release of The Chainsmokers latest single, “Side Effects” comes as the DJ duo has returned to their dance music roots after stepping far outside their comfort zone. In 2017, the release of “Closer” marked the start of a run of hits for the musical partners which saw new music released every six weeks from their debut album, “Memories… Do Not Open.”
Since this initial run of new music, The Chainsmokers have been working to define their image as they evolve into one of the world’s most renowned dance music partnerships. The transition has seen them move from a DJ residency in a Las Vegas club to playing 20,000 seater arenas around the world. This has seen the duo divide their time between a live band and their DJ duties as they have explored exactly what their fans want from the duo for the future.
The Chainsmokers have never been shy of moving forward with their creativity after the current incarnation of the band was created from the ashes of a previous collaboration. Founding member, Alex Pall was involved in a collaboration with another DJ in New York City, which led to initial success before Andrew Taggart joined the duo to create the music he and Pall have taken to new heights for electronic dance music specialists.
To mark the release of “Side Effects” with long-time collaborator Emily Warren, The Chainsmokers played an intimate gig for friends and fans at the Hollywood Palladium. After spending so much time playing large arena’s, the duo explained they enjoyed the experience of a pressure-free environment filled with their biggest fans. The performance side of the duo is now more important than ever before with a drummer now a mainstay of their live shows and Taggart taking lead vocals on a regular basis. Both Alex Pall and Andrew Taggart have stepped out from behind the DJ booth to sing on their records which give the duo a major sense of ownership over their songs.
OSI Group has been a global powerhouse in the food industry for many years; having more than 20,000 employees across 17 countries, it’s easy to see that the company’s management has striven to keep their growing momentum since day one. Their global prowess has been attributed to its strong leadership, culture of excellence, and its long history of strategic business partnerships.
OSI Group’s modern chapter has continued to experience steady growth under the leadership of chief operating officer (COO) David McDonald, making them one of the world’s largest multi-billion dollar companies. Much like OSI Group, David McDonald had to start from square one in order to develop himself as one of the most influential forces in the company’s success. For over three decades, David McDonald had been rising through the company’s ranks from project manager to president through his rigorous work, and his passion for keeping customers a priority. His commitment for excellence had been present even before his involvement as a project manager, receiving accolades for his academic achievements at Iowa State University.
The recipe for the privately owned company’s success didn’t stop at McDonald’s leadership and work ethic, but also incorporated the company’s hardwired goal to stick to its roots and keep the company identity as a food distributor. Founded by Otto Kolschowsky, the company emerged as a meat market to cater to the ever expanding German migrant population in early 1900’s Chicago. Within a decade, the meat market had expanded into a wholesale food distributor and in 1928 was eventually re-branded as Otto and Sons.
OSI Group didn’t stagnate and remained a local distributor for the Chicago area, as the second generation of company owners looked for better avenues to expand the business. During the post WWII economic boom, Otto and Sons came into a deal with the ever-expanding McDonald’s fast food chain and was immediately catapulted as one of the most profitable food distributors in the world. Otto and Sons was able to use the McDonald’s brand’s innovation in franchising to to become the primary beef distributor for their franchises. This smart move on behalf of Otto and Sons eventually led to the company’s transition into the OSI Group global brand which we now recognize today.
For more than 100 years, OSI Group has continued to develop as one of the world’s best examples of the American dream and the will to win through unshakable perseverance.