Jeffry Schneider’s Leadership Approach At Ascendant Capital

Jeffry Schneider is an innovative businessman and financial expert. He is known for founding and leading Ascendant Capital to success. Through the company, the entrepreneur offers a broad range of services to his clients. They include education, sales, financial structuring, operational services, and marketing. In its alternative fundraising services, Ascendant Capital focuses on both established and emerging sponsors. The company offers its services through a network of broker-dealers, private banks, family offices, and registered investment advisors.

Ascendant Capital started from a humble background with only three employees. However, the visionary leadership of Jeffry has enabled the company to grow to a staff base of more than 30 employees. The workforce includes both financial experts and support staff. The quality of the company’s services has enabled it to help businesses raise over $1 billion in investment capital.

As an alternative investment enthusiast, Jeffry mainly invests in real estate, tech companies, and auto dealership. He believes that little money is invested in this field. To this end, he asserts that investors should allocate more money for alternative investment. The entrepreneur works through his network to raise capital for this sector. According to his company’s predictions, Ascendant Capital is targeting to raise over fifty million every month.

Jeffry adds that the unlimited opportunities provided by alternative investment have been essential to the Ascendant capital’s growth. He notes that the company will continue enjoying better profitability margins. This is because the entity engages in alternative investment, which has higher chances of growth than RIA’s.

In addition, the CEO believes in creating a positive company culture. At Ascendant, Jeffry ensures that there is an environment of trust and open dialogue, which enhances cooperation between workers. It also enables lowly ranked staff having innovative ideas to come forward and share their thoughts with the company’ management. Moreover, Jeffry ensures that every staff of the company puts the needs of the business’s clients first.

Previously, Jeffry Schneider worked for many firms before founding Ascendant Capital. This exposure provided him with the skills needed to run his company. He has been an employees of Paradigm Global Advisors, Smith Barney, Alex Brown, Merrill Lynch, and Axiom Capital Management. Jeffry is a graduate of the University of Massachusetts. He holds a Bachelor of Science degree.

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US Money Reserve President Thinks US Penny Minting Might End

Canada stopped minting their pennies and is using polymer bills now. Will the United States follow suit by ending US penny minting? US Money Reserve President Philip Diehl discussed the demise of the penny during a CNBC Squawk Box interview.

“Cost of Minting Penny Higher Than One Cent”

During the December 30, 2015 Ispot Tv interview, US Money Reserve President Philip Diehl stated the simple fact: “Nobody uses the penny anymore.” Many pennies are strewn on the road or lost in seat cushions. Mr. Diehl suggested that the time spent picking up a penny is not economically worthwhile because it amounts to less than minimum wage.

As a Former US Mint Director, Mr. Diehl understands the cost of minting pennies. He estimated that $105 million could be saved annually with the elimination of the penny.

“Currency Changes Are Normal”

Mr. Diehl continued – only 25% of modern transactions use physical cash, the other 75% use electronic means. Wise currency reform is conducted a “step at a time.”

Doesn’t ending the penny cause inflation?

On February 4, 2013, Canada stopped minting pennies. Canadian businesses were forced to adjust all their prices to 5 cent increments. Mr. Diehl has argued that some companies might increase prices, others might decrease prices relating the US Reserve.

The most valuable currency reflects the needs of the public. The end of the penny is simply part of the process of finding money that is the most useful for any time period.

“Why has the United States been slow to replace the penny?”

Old habits are tough to change. Already, the US Mint has changed its process for creating pennies – the modern US penny is 97.5% zinc. The parties who mint the pennies naturally resist change.

The State of Illinois has also resisted since native son, Abraham Lincoln is on the cent. Plus, United States currency is used worldwide – it is tough to change such a ubiquitous currency quickly. Still, the days of the US penny may be numbered.