Innovating financial services
Organization: Retirement Systems
After years of dedicating himself to producing successful financial outcomes when managing risk and reward within finance, Richard Corral founded an independent wealth management company (Skyward Wealth) and then a registered investment advisory firm and insurance agency: Retirement Systems. He did all this in his 20s, becoming one of the first few young minority founders of these types of firms. Next he’s working on a revolutionary financial technology platform: Advanced Advisor.
Corral and Retirement Systems were recently recognized by Crain’s Chicago Business magazine for providing quality financial services. Corral has also received the regards of Citadel executives for designing plans that serve the best interests of clients.
Early in his career, Corral worked in the hedge fund division of CME Group/Chicago Board of Trade, which handles more than $1 quadrillion per year of advanced financial instruments such as options and futures. At Grant Thornton, a top five global public accounting and financial services firm, and CVC he performed valuation services by constructing buy/sell side purchase price allocations and stock option models for public/private companies and private equity firms. Corral belonged to Aon’s financial leadership program where he supported efficiency, reconciliation, and reclassments of several billion per quarter. Corral graduated cum laude in finance at DePaul University in downtown Chicago.
Corral was raised by a hard-working Mexican family that included his entrepreneur father Everardo, his mother Martha, and older sister Eira, now an elected official. His father encouraged Corral at a young age to learn about trading stocks since as an immigrant, it was more feasible for Everardo to be involved in real estate and construction.
Words of wisdom: Echele ganas (work hard). — Papa Corral. Cada cabeza es un mundo propio (each head is a world of its own). — Mama Corral