FORREST MAGEE
Houston,TX
Summary
Detail-oriented Investment Advisor with a focus on developing tailored investment strategies. Successfully balanced client objectives with risk tolerance, enhancing portfolio performance and ensuring alignment with financial goals.
Overview
8
8
years of professional experience
1
1
Certification
Work History
Investment Advisor
Fidelity Brokerage Services LLC
Chicago, Illinois
07.2024 - Current
- Communicated with existing and prospective clients to identify financial goals and provide recommendations on investment solutions.
- Analyzed client's financial situations, objectives and risk tolerance to develop investment strategies.
- Reviewed client accounts regularly to ensure that portfolio allocations were consistent with stated objectives.
- Developed customized investment plans for clients based on their goals and resources.
Active Trader
Morgan Stanley & ETRADE SECURITIES LLC
Chicago, Illinois
05.2022 - 06.2024
- Captured prospective clients and built ongoing relationships to ensure their needs were met
- Reached top third in department for sales goals
- Assisted clients with trading regarding complex options, marginable securities, fixed income products, equities, and money markets
LOSS MITIGATION SOLICITOR
RUSHMORE LOAN MANAGEMENT SERVICES (RLMS)
06.2020 - 12.2020
- Restructured mortgage loans via modification, repayment plans, deed in lieu, refinance, short sale, consent to judgement and deferment
- Managed rolling portfolios of 220 assets across 6 different investors
- Ensured compliance with individual state/federal regulations while garnering highest ROI for investor
- Directed eviction department on state specific timing of when assets would move to Real Estate Owned
- Assisted distressed homeowners with their property given the uncertainty of Covid
REO ASSET MANAGER
DAKOTA ASSET SERVICES (SUBSIDIARY OF RLMS)
04.2019 - 05.2020
- Coordinated with real estate agents across the U.S. on the day-to-day management of an approximate portfolio of 200 assets per month
- Analyzed housing markets, comparable assets, net present value of the asset, and future cash flow costs to ensure that the minimum ROI for each asset was met
- Managed contractors and agents to complete full rehabilitations of properties to increase market value
- Closed and funded 18% of listed properties managed per month
TRANSACTION ANALYST
ROOSEVELT MANAGEMENT COMPANY (SUBSIDIARY OF RLMS)
06.2017 - 03.2019
- Analyzed risk on portfolio acquisitions of FNMA, FHLMC, GNMA, GNMA II reperforming and non-preforming loans through credit/compliance due diligence
- Priced individual mortgages to renegotiate the purchase price of the entire pool of mortgages
- Created and led a new campaign of purchasing Mortgage Servicing Rights
- Coordinated with counterparties to ensure warrants and covenants of the transactions were complied with
- Recommended as-is or full rehabilitation marketing strategies on upcoming REO assets
Education
MBA - Concentration in Finance
PEPPERDINE UNIVERSITY, Graziadio Business School
Malibu, CA12-2022
Bachelor of Science - Curriculum focus on Finance and Real Estate
TEXAS A&M UNIVERSITY
College Station, TX05-2017
Skills
- Investment strategy
- Financial planning
- Client relationship management
- Effective communication
- Asset allocation
- Securities analysis
Certification
- Series 66
- Series 7
- Series 63
- Securities Industry Essentials (SIE)
- Taking the CFP in November
Timeline
Investment Advisor
Fidelity Brokerage Services LLC
07.2024 - Current
Active Trader
Morgan Stanley & ETRADE SECURITIES LLC
05.2022 - 06.2024
LOSS MITIGATION SOLICITOR
RUSHMORE LOAN MANAGEMENT SERVICES (RLMS)
06.2020 - 12.2020
REO ASSET MANAGER
DAKOTA ASSET SERVICES (SUBSIDIARY OF RLMS)
04.2019 - 05.2020
TRANSACTION ANALYST
ROOSEVELT MANAGEMENT COMPANY (SUBSIDIARY OF RLMS)
06.2017 - 03.2019
MBA - Concentration in Finance
PEPPERDINE UNIVERSITY, Graziadio Business School
Bachelor of Science - Curriculum focus on Finance and Real Estate
TEXAS A&M UNIVERSITY
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