American Portfolios Advisors. Inc (Holbrook)

Name: American Portfolios Advisors. Inc
Address: 4250 Veteran's Memorial Highway, Holbrook, NY, 11741
Telephone: 631-439-4600 X156

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.

American Portfolios Advisors: assets under management

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 firm manages $3.62 billion in discretionary accounts and $2.85 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $188.25 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $255.16 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 47% of the total AUM. The second-largest asset type is exchange traded securities, which make up 37% of the firm’s portfolio. Investments in cash and cash equivalents form 7% of the total invested assets.

Fees & Commissions

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. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lon Terry Dolber serves?

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.

Careers at American Portfolios Advisors. Inc

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Frank Baiata	President	1 Mar 2001	Other	1003762
Inc American Portfolios Holdings	Owner	1 Apr 2001	75% - 100%	11-3518385
Thomas Joseph Lo Manto	President	1 Apr 2002	Other	xxx-xx-xxxx
Thomas Joseph Lomanto	President	1 Apr 2002	Other	2279949
Frank Anthony Tauches	Chief counsel for the firm	1 May 2005	Other	829322
Frank Anthony Tauches	Executive vice president and general counsel for the firm	1 Jan 2008	Other	829322
Tom M Wirtshafter	President	1 Feb 2009	Other	1042793
Tom Wirtshafter	President	1 Feb 2009	Other	1042793
Joseph Benjamin Gruber	Preseident	1 Nov 2011	Other	1351241
Thomas Joseph Lomanto	Chief compliance officer	1 Jan 2012	Other	2279949
Gary Bruce Gordon	Executive vice president	1 Jan 2012	Other	2303217
Lon Terry Dolber	President	1 Dec 2012	50% - 75%	862635
Lon Terry Dolber	Chairman	1 Jan 2015	Other	862635
Gary Bruce Gordon	President	1 Jan 2015	Other	2303217
Melissa Ann Dolbergrappone	Vice president of marketing & corporate communications	1 Jan 2015	Other	1555459
Colin Michael Moors	Cco	1 Jan 2018	Other	2317174

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Lon Terry Dolber	Ceo, president	1 May 2001	50% - 75%	862635

Based in Holbrook

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.