HOLBROOK, N.Y. (Nov. 23, 2020)—American Portfolios Financial Services, Inc. (AP)—a privately-held, independent broker/dealer that services financial advisors nationwide—has been named one of the Top Long Island Workplaces for 2020 by Newsday. Among the 82 Long Island-based companies recognized, AP ranked No. 7 in the category of small employers with 50-149 workers.
“American Portfolios is extremely honored to be among the wonderful companies recognized by Newsday’s Top Workplaces program,” states Vice President of Human Resources Lisa DiBella. “The firm is steadfastly committed to maintaining an environment in which its employees feel fulfilled, respected and valued.” Chief Administrative Officer Dalchand Laljit adds, “AP firmly believes in putting employees first, believing wholeheartedly that happy staff members correlate to happy customers. We are ever mindful to provide our employees with an optimal performance culture in which to perform and reach goals. Therefore, it is validating to have received this esteemed recognition.”
This latest accolade stands among AP’s ranking within the Top Mid-sized Companies for 2020 (five years’ running) by NYS-SHRM and The Best Companies Group, as well as the firm being named Division III Broker/Dealer of the Year for 2020 by Investment Advisor magazine for six consecutive years and a 2020 WealthManagement.com Industry Award winner for service.
AP’s 100-plus employees work collaboratively to service the business needs of more than 860 independent investment professionals and their affiliated assistants, as well as support staff, located in 405 branch offices throughout the United States. Employees are part of a corporate culture that embraces the tenets of the company’s strategic roadmap for sustainable growth, which is built on six equally important, interconnected strategic company perspectives—People, Innovation, Process, Customer, Financial and Community—and the foundation from which all planning and executions are derived.
AP, deemed an essential business by the Department of Homeland Security, continually strives to ensure that its employees are afforded a positive and supportive work environment. This was made more evident by the firm’s quick response to the coronavirus (COVID-19) pandemic, transitioning 95 percent of its employees to remote working environments to ensure their safety, as well as that of the 5 percent of employees who remained at AP headquarters to handle vital on-site processes while socially distancing. AP made a steadfast promise to all employees, stating that they would not face financial hardship in the face of the pandemic. Despite the economic uncertainty, AP staff members still received yearly bonuses and merit increases. To date, the majority of the firm’s home office staff continue to work in a remote environment while the firm strictly tests its COVID-19 back-to-work plan.
Employees receive a robust benefits package, inclusive of health insurance, free life insurance, unprecedented 401(k) matching, stock options, bonus incentives, and performance and service awards. The firm is highly invested in the educational betterment of its employees, offering tuition reimbursement, free license testing, and unlimited training seminars and courses. AP also provides Six Sigma training and robust customer service guidance, which helps staff members to firmly establish the “Voice of the Customer,” resulting in the ability to consistently exceed client needs and expectations. Additionally, the company recognizes the importance of work-life balance by offering employees a flexible work schedule, shortened working hours on Fridays throughout the year, a casual dress code, appreciation events, massage sessions, health and wellness lunch and learns, and private coaching sessions with a registered dietician. AP employees also receive full pay for up to 12 weeks of leave while out on FMLA in order to maintain financial stability. The firm has also enacted an employee mentorship program that is designed to nurture AP’s emerging business leaders.
The firm holds itself responsible not only for its investment professionals who serve the investing public, but also to the community-at-large with its active involvement in many socially responsible endeavors involving veterans, individuals with disabilities, mentoring and education, and health and well-being. AP is proud to support and sponsor such non-profit organizations as World T.E.A.M. (WT), The Center for Discovery (TCFD), Virtual Enterprises International (VEI), Life Arts, Inc., The Butterfly Effect Project (BEP), Long Island Cares (LIC) and Honor Flight Long Island (HFLI), to name a few.
About American Portfolios
Headquartered in Holbrook, N.Y., American Portfolios Financial Services, Inc. (APFS) is a full-service, independent broker/dealer and member firm of FINRA and SIPC, offering a complete range of financial services, including personal financial and retirement planning, securities trading, mutual funds, access to investment research, long-term care planning, insurance products and tax-free investing. Fee-based asset management is offered through its sister subsidiary, American Portfolios Advisors, Inc., (APA), an SEC Registered Investment Advisor. Both entities, along with technology entity American Portfolios Advisory Solutions, LLC, collectively reside under the legal entity American Portfolios Holdings, Inc. (APH). Full-service securities brokerage is available through a clearing firm relationship with Pershing, LLC, a BNY Mellon firm, the securities of which are held on a fully disclosed basis. The company currently supports 862 independent investment professionals—inclusive of registered assistants—and more than 375 non-registered associates, located in 405 branch locations throughout the nation. It was named Broker-Dealer of the Year* (Division III) by Investment Advisor magazine for six consecutive years (2015-2020); a 2019 and 2020 WealthManagement.com Industry Award Finalist in multiple categories, and the 2020 winner in the service category of B/Ds under 1,000 representatives for its Virtual Administrative Services (VAS) program**; one of the Best Companies to Work for in the state of New York for five consecutive years (2016-2020) by the New York State Society for Human Resources Management (NYS-SHRM) and the Best Companies Group (BCG); and one of the Top Long Island Workplaces for 2018, 2019 and 2020 by Newsday.
* Based on a poll of registered representatives conducted by Investment Advisor magazine. Broker/dealers rated highest by their representatives are awarded “Broker/Dealer (B/D) of the Year.”
** Wealthmanagement.com Industry Award finalists are selected by a panel of independent judges made up of subject matter experts in the industry. Award is based on support provided to AP’s affiliated people and does not reflect public customers nor their account performance.