RICHARD MAGGIPINTO
Newport Beach,California
Summary
Finance Professional with diversified experience in the trading, portfolio management, and sale of financial products. Background includes the management of municipal bond trading operations, and the development and cultivation of new markets. Hold Series 07, Series 53 and Series 63 Licenses. Currently holding a substitute teaching license with the Nevada Department of Education.
Overview
35
35
years of professional experience
1
1
Certification
Work History
Substitute Teacher, K-12
Clark County School District, CCSD
Las Vegas, Nevada
10.2024 - Current
- Taught as a substitute for all grades K-12, and eventually specialized in working in the top five magnet high schools in Las Vegas.
- Adapted instructional materials to meet diverse student needs and learning styles.
Senior Portfolio Manager
Investors Capital Partners
Aliso Viejo, California
07.2016 - 03.2022
- Managing a fixed income portfolio for a family office including municipal, government, and corporate bonds.
- Successfully managing a total return fixed income portfolio with positive returns.
Senior Vice President, Institutional Sales
Southwest Securities
Newport Beach, California
03.2003 - 12.2015
- Developed business with money managers and bond funds located in California, including sales of national municipal bonds.
- Established first contact for Southwest Securities with various institutional clients.
- After less than two years of returning to sales, I became #5 in production for 2004 out of 25 institutional salespeople.
- Achieved Annual Sales over $1 million in 2009.
Vice President, Senior Trader, Municipal Bonds
Union Bank of California
San Francisco, California
01.1994 - 01.1998
- Assumed sole responsibility for the municipal bond trading function following the departure of all municipal traders.
- Traded and underwrote California municipal bonds for resale to retail and institutional customers.
- Profitably traded California secondary inventory position of up to $20 million, and underwriting of up to $50 million.
- Developed three trainee sales representatives whose municipal bond sales to high net worth clients subsequently generated annual commissions of from $200,000 to $500,000, out of overall commissions of from $700,000 to $1.1 million.
- Collaborated with financial advisors to price and distribute negotiated underwritings for new municipal bond issues.
- Initiated contact with the California Treasurer's Office and the California Housing Finance Agency.
Institutional Sales Representative
Union Bank of California
San Francisco, California
08.1990 - 01.1994
- Developed business with trust departments and money managers, an entirely new customer base for the investment division.
- During tenure, product mix changed from 100% municipal bonds to 75% municipals and 25% other fixed income products including Ginnie Mae, corporate and government bonds.
- In concert with financial advisor, structured and negotiated private placement of State of Massachusetts bond issue, the bank's largest municipal bond transaction.
- Personally managed accounts of high net worth individuals with multi-million dollar portfolios.
Education
B.S. - Marketing
St. John's University
New YorkSkills
- Instructional design
- Client relationship management
- Sales strategy
- Market analysis
- Staff development
- Portfolio management
- Risk assessment
- Investment strategies
Certification
- Series 07
- Series 53
- Series 63
Timeline
Substitute Teacher, K-12
Clark County School District, CCSD
10.2024 - Current
Senior Portfolio Manager
Investors Capital Partners
07.2016 - 03.2022
Senior Vice President, Institutional Sales
Southwest Securities
03.2003 - 12.2015
Vice President, Senior Trader, Municipal Bonds
Union Bank of California
01.1994 - 01.1998
Institutional Sales Representative
Union Bank of California
08.1990 - 01.1994
B.S. - Marketing
St. John's University
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