American Portfolios Advisors. Inc is a large advisory firm based in Holbrook. It manages $6.47 billion of regulatory assets for 30,380 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 48 other states.
American Portfolios Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of American Portfolios Advisors. Inc is $6.47 billion. The firm's AUM has grown by 2446% since the beginning of its operation, and $6.9 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay American Portfolios Advisors. Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Lon Terry Dolber is individuals with 26,371 clients and $5.33 billion of assets under management. Among the 11 most similar advisory firms, American Portfolios Advisors has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $6.47 billion for 30,380 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
American Portfolios Advisors doesn't advise any private funds.
The company employs 55 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 15 employees are registered as investment adviser representatives with the state securities authorities.
There are 25 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Lon Terry Dolber has been acting as President since 1 Jan 2015. Colin Michael Moors joined the executive team most recently as the Cco.
The principal office where American Portfolios Advisors. Inc performs its advisory services is located at 4250 Veteran's Memorial Highway, Holbrook, NY 11741, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 631-439-4600 X156 or by fax 631-439-4659. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at americanportfolios.com.