Summary
Overview
Work History
Education
Skills
Affiliations
Timeline
Generic

Douglas Rapoport

Colts Neck

Summary

Financial advisor and hedge fund manager with over 30 years in financial services, specializing in advisory, investment management, and hedge fund operations. Expertise in managing multimillion-dollar portfolios and fostering strong client relationships. Proficient in Microsoft Office Suite and Python programming, with active life and health insurance licenses. Demonstrated success in business development and strategic planning, driving consistent growth and profitability.

Overview

31
31
years of professional experience

Work History

Chief Executive Officer / Fund Manager

Grand Cove Capital Management
Colts Neck
09.2017 - 01.2024
  • Founded and managed two hedge funds: Grand Cove Capital Fund and Capital Trading Ideas Fund.
  • Directed all fund operations, trading strategies, and compliance.
  • Primary contact for investors and potential clients.
  • Oversaw correspondence, investor updates, and newsletters.
  • Hired and managed administrators, auditors, and accountants.
  • Successfully raised and managed capital.

Financial Advisor

Berthel, Fisher & Company Financial Services, Inc.
12.2015 - 06.2017
  • Transitioned the full client base to the new firm following recruitment.
  • Provided investment advisory, insurance, estate, and annuity services.
  • Maintained and grew relationships with high-net-worth clients.
  • Managed relationships with outside vendors such as attorneys, accountants, when necessary.
  • Maintained accurate records of all client interactions and transactions in accordance with company policy and regulatory requirements.
  • Prepared quarterly performance reports for existing clients detailing the progress of their investments over time.
  • Implemented asset allocation models designed to maximize returns while minimizing risks.
  • Reviewed existing client accounts to identify any gaps or areas needing improvement.
  • Advised high net worth individuals on complex wealth management issues related to trusts, estates, asset protection planning, philanthropy.

Financial Advisor

Kovack Securities
10.2014 - 12.2015
  • Serviced client accounts post-acquisition of Resource Horizons Group.
  • Delivered comprehensive financial, estate, and portfolio planning.
  • Monitored client portfolios to ensure that recommended investments remain in line with their goals and objectives.
  • Developed financial plans and strategies tailored to clients' individual needs.
  • Facilitated client meetings to discuss portfolio performance and suggest modifications as needed.
  • Conducted detailed analysis of clients' current financial situation, including risk assessment, cash flow management, and retirement planning.
  • Researched economic trends and market conditions to provide up-to-date information on investment options available to clients.
  • Maintained accurate records of all client interactions and transactions in accordance with company policy and regulatory requirements.
  • Explained advantages and disadvantages of available financial products to customers to maximize satisfaction.

Financial Advisor

Resource Horizons Group LLC
09.2010 - 10.2014
  • Managed over $50 million in assets for 40 to 50 clients.
  • Provided investment advice, life and health insurance, annuities, and estate planning.
  • Built a loyal client base through trust and performance.
  • Formulated and actualized strategic financial plans across client investment portfolios.
  • Exuded professional expertise and resourcefulness to gain trust and confidence of clients, vendors and other professionals.
  • Analyzed financial information obtained from clients to determine strategies for meeting clients' financial objectives.
  • Profiled and analyzed investment products to devise financial strategies, meeting client financial needs and forecasting opportunities with highest return on investments.
  • Interviewed clients to assess income, expenses, insurance coverage, tax status, financial and investment goals and risk tolerance.
  • Coordinated and participated in group presentations on financial services to attract new clients.

Financial Services Roles

01.1993 - 01.2010
  • Accumulated 17 years of extensive experience in the financial services sector.
  • Held various roles involving investments, advisory, estate planning, client relations, and insurance services.

Education

Bachelor of Science - Communications

University of Miami
Coral Gables, FL
01.1991

Skills

  • Microsoft Office Suite (Excel, Word, PowerPoint, Outlook)
  • Basic Python programming
  • Active life and health insurance licenses
  • Knowledge of property and casualty insurance lines
  • Portfolio management
  • Hedge fund operations
  • Client relationship management
  • Financial planning and analysis
  • Investment strategies
  • Regulatory compliance
  • Risk assessment
  • Market research
  • Communication skills

Affiliations

  • Rowing
  • Coach Softball

Timeline

Chief Executive Officer / Fund Manager

Grand Cove Capital Management
09.2017 - 01.2024

Financial Advisor

Berthel, Fisher & Company Financial Services, Inc.
12.2015 - 06.2017

Financial Advisor

Kovack Securities
10.2014 - 12.2015

Financial Advisor

Resource Horizons Group LLC
09.2010 - 10.2014

Financial Services Roles

01.1993 - 01.2010

Bachelor of Science - Communications

University of Miami

Similar Profiles

CREATE PROFILE