lanthinum chloride (usually pool supply stores carry it or a branded product form Marine depot.) Will bring down phosphates rapidly, BE VERY CAREFUL using the product though...
Long term... Feed less, I've tried GFO from BRS with limited success. I built an Algae Turf Scrubber in the end, which, I'm approaching 1 month of opperation and so far I'm pleased with it's results so far. An ATS is supposed to reduce nitrates and phosphates.
A refugium with a mix of macro algaes will also remove phosphates and nitrates. Mangroves, calupera, chaeto, among others will do nicely.
Lots of options just a matter of what you have space, time, and money for.