Andrew Phelps, a former Wall Street professional, has eschewed his Manhattan office and lifestyle for a new challenge: real estate. Having now aligned himself with Dolan Realty, a Southern California real estate agency based in San Diego, Phelps is lending his professionalism to his clients to foster solid relationships and lucrative deals. Phelps spends his time between San Diego and Los Angeles, scouting the local housing markets for his next deal.
“The growth trajectory of his career was astonishing. Everyone knew what he was capable of achieving, but no one knew he would achieve so much in such a short amount of time,” remarked a colleague of Phelps. “The impact that Andrew has had on the residential housing markets in the Los Angeles and San Diego regions is unprecedented.”
Phelps’ professional origins had him far from the pristine and lucrative Southern California real estate market. He began his career working on Wall Street directly out of college. He found employment with BlackRock, Inc., an American multinational investment company based in New York City, founded in 1988. Initially a risk management and fixed income institutional asset manager, BlackRock is the world’s largest asset manager, with US$10 trillion in assets under management as of January 2022.
During Phelp’s tenure at BlackRock, he was initially focused on working with ultra-high net worth individuals and curating customized equity portfolios. Later in his role with BlackRock, Phelps worked on developing a revolutionary investment technology, which was subsequently adopted by thousands of investment advisors nationwide.
Phelps’ tenure at BlackRock came to an end as he saw an opportunity in real estate, prompting him to make the transition out of the financial industry. In his early foray into the real estate industry, Phelps faced numerous setbacks, failures, and struggles. Taking each situation as a learning opportunity, he continued to make inroads in the industry by creating and fortifying his professional relationships and using his astute professional intellect to gauge the landscape of the business.
To date, Phelps has completed hundreds of real estate transactions and amassed a robust clientele that can attest to his professionalism, consistency, and unrelenting work ethic. In his short tenure in real estate, Phelps has brokered over 200 deals and credits his industry connections for much of his success.