Richard Blair, The Leadership Behind Wealthy Solutions

Richard Blair is the founder of Wealth Solutions, a company that offers services in financial advisory. Since the beginning of his career, Richard Blair has always been driven towards entrepreneurship and starting up his own company and eventually did so. Today, Wealth Solutions is widely successful, servicing a large list of clients. All through his career, Richard Blair has worked with different clients coming from different fields and backgrounds. This has given him the skills he needed to be able to form good connections with his clients, and to help his company retain the current ones. His career in the field of finance spans over twenty five years, which has given him the expertise to be able to be an efficient leader to his company, Wealth Solutions.

Before starting his own company, Richard Blair worked with a number of financial advisory firms. This work experience was what gave him the confidence to be able to start up his own company. When he started Wealth Solutions, he wanted to build a company that would offer some of the most appropriate solutions to its clients, while keeping their best interest in mind. Today, the company works on the principles of being able to always provide their clients with the best services. But it isn’t just the excellent customer service that has made this company what it is today. Richard Blair wanted his company to be able to appeal to a large customer base, and therefore formulated a number of services to help customers with their broad spectrum of needs. Right from advice regarding investments and mutual funds, to retirement and future planning, Wealth Solutions has a service for every field of financial advisory.

The main office of Wealth Solutions is located in Austin where customers can go and get a financial analysis according to their needs. With their broad range of services, Richard Blair has managed to not just land individual households and families, but large companies and businesses as well. Since Richard Blair believes that his company can help safeguard and multiply people’s finances, he didn’t want it to be limited to only one strata of society. While offering their services to the clients, Richard Blair also entrusts his employees to give the clients the knowledge that they would need to better safeguard their assets. Since Richard Blair comes from a family of people who were working in the education sector, he believes that a part of his company should focus on educating the clients as well.

Venezuela’s upper-classes aren’t suffering

Augustin Otxotorena kept getting calls from worried relatives in Spain. They asked him where he kept getting his food and informing him of the food shortages in the country. Otxoterena responded by sending his relatives pictures of a fully stocked super market in Caracas. He wants his relatives to know that members of the upper class continue to do well in the country. According to, people from the lower classes must contend with the blackouts, the shortages, and other hardships brought on by the country’s economic woes.
The country continues to face economic hardship caused by falling international oil prices. Decreased demand for oil coupled with triple-digit inflation is causing an increasing number of Venezuelan citizens to call for current President Nicolas Maduro to step down.

Although upper class neighborhoods continue to do well, shortages of food and other necessities contributes to the growing unrest in the country. People like Manuel Gonzalez have said that Venezuela is really two countries right now. People in the upper-class areas barely notice the disruptions. People in the lower-class neighborhoods must live with the effects of the shortages.

If more companies follow the path of Lufthansa, which recently suspended service to the country, the rich may start to suffer as well.



Philanthropist George Soros Labeled “Undesirable Security Threat”

Despite the fact, that “Hungarian-born George Soros urged” Western allies to increase aid to the Ukraine, and he offered a “$50 billion financing package … against increasingly aggressive Russia,” Soros, through his Open Society Foundation, refutes criminal allegations of a Russian prosecutor. George Soros claims to have benefited Russian citizens, protected their rights, and supported Russian law. The Russian government labeled his actions an “undesirable security threat.”

In his book, Ukraine and Europe: What should be done?, Soros gives first priority to the Ukraine as a crisis affecting the stability of the euro. Eurozone consumers create a huge market for exporters of the United States, China, India, Japan, and Russia. The Euro and the ability of European countries to repay their debts has major impact on the world economy.

Clearly, Soros regards the conflict in the Ukraine “disintegration.” He recommends financial assistance to support a free Ukraine along with the necessary sanctions against Russia. International banks invest in Eurozone country governments. The fall of the Euro would result in global recession and leave our banks once again unable to pay their debts.

George Soros began his philanthropic mission in 1979. He founded Central European University to enable thousands of disadvantaged youth to attain college degrees, and he expanded his mission into 100+ countries. His Open Society is a network of foundations and projects in the United States, Africa, and Asia. Soros, now 85 years old, advocates for human rights, freedom of speech, and free public health and education.

His organizations financed Black South Africans during the 1980s, copy machines to reproduce and distribute reading material in communist countries, and attempts to hold governments responsible for the welfare of their citizens. George Soros strove to hold oil and gas industries accountable for their actions. Soros believes his financial aid plan would increase private-sector investments in the Ukraine, and he hopes the Ukrainian government will serve its people justly through an open honest government and judicial system with unbiased and accurate news reporting.

In his book, Soros points out that the Ukraine can not defend itself if Russia wages a large scale or nuclear war, but he adds that the Ukraine “defend[s] the European Union” from Russia militarily. He advocates for the Ukraine because its rich cultural heritage and assets benefit the European Union. Soros wants to insure the success of the Ukrainian government which he claims will “protect the European Union … from Putin’s Russia and … transform … Europe.”

Soros also believes in the “aspirations [and success] of the Russian people.” The Port of Ukraine is essential to Russia’s Naval operations. Soros portrays President Vladimir Putin as hostile to Western nations who would deny Russia its rightful place in the world. Putin through Soros reports that Russia’s economic and political difficulties are due to conflict and hostility of Western powers. The Russian Education Ministry, which accredits Russian universities, ordered college libraries in Northern Russia searched and all books provided by the Soros’ charitable foundation burned.

The U.S. Money Reserve’s Stance on the Penny


For the past several years, it has been a question on whether or not the penny has any real value. Phil Diehl who is the former Director of the U.S. Mint and the current president of coin distributor U.S. Money Reserve, is completely against the production of the penny. Mr. Diehl explained on CNBC Squawk Box that he believes that the penny costs too much to produce for what it is actually worth. The cost of producing one penny which is one cent is 1.8 cents which equates to millions of dollars that is lost to making pennies annually.

Mr. Diehl has received several protests against eliminating the penny. One argument is the fact that the elimination of the penny could lead to inflation of the United States’ economy. In response to this argument, Mr. Diehl states that this has been a concern for the past 25 years by penny lobbyists to keep the penny. Mr. Diehl then continues with a counter argument that in present day 75 percent of all transactions are now through electronic devices such as apps and credit cards. The remaining 25 percent of cash transactions would not be hugely affected by raising or lowering the prices of products due to the elimination of the penny.

Mr. Diehl continues by stating that in response to the elimination of the penny companies would likely round the prices down rather than round up. This action would be done to keep the customers happy instead of aggravating them with an increase in the product price.

Those who want to protect the penny include private interest groups that make the penny blanks. Among these private interests groups are the zinc lobbyists that produce 97.5 percent of what the penny is made out of. In addition to this, a private interest group called American’s for Common Cents has continued to protect the idea of the penny. The argument that this group uses is that organizations such as charities would be negatively affected because there would be less pocket change donated to organizations. In addition to this, the idea of “rounding tax” would negatively affect consumers.


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A Recap on Highland Capital Management’s Win of the HFM US Hedge Fund Performance Award

Highland Capital Management is a firm that was established in 1993 by Mark Okada and Jim Dondero. It has its headquarters in Dallas, Texas with other offices in various places such as Singapore and New York. This firm is a security and exchange registered advisor, which has managed to acquire many assets that amount to $20 billion.

It boasts of various credit strategies that include collateralized loan obligations (CLOs), credit hedge funds, separate accounts, special and distressed situation private equity. It is well known for offering alternative ventures that include long/short equities, natural resources and emerging markets. In addition, the firm has a wide customer base that include funds of funds, public pension plans, governments, endowments, and wealthy people.

The company recently appointed Terry Jones as the president of Institutional products on 23 Oct 2015. Primarily this was to enhance the risk adjusted results and increase client solutions.

Highland Capital Management’s co-founder, Jim Dondero has placed himself as a business icon in the corporate world. This is because of his overwhelming experience in different managerial positions, and an excellent academic background. He boasts of being a Certified Public Accountant, a Certified Financial Analyst and a Certified Management Accountant. In addition, to he graduated with a degree in finance and accounting from University of Virginia.

In Highland Capital Management, Jim is tasked with the duty of managing the firm’s investment plans and operations for both retail and institutional products. Due to his incredible business acumen, various funds under his supervision have achieved various awards that include the Morningstar’s #1 ranked Healthcare Long/short Equity Fund in 2014.

This was due to the commitment of the Michael Gregory and his colleagues in healthcare investment. The HFM US Performance Awards appreciate funds of funds, hedge funds, and 40 Act funds that have achieved exemplary results.

This information can be obtained from PR Newswire through the following link