American Portfolios

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20 hrs ago

Advisor Support Specialist (Customer Service) – new

American Portfolios Financial Services Holbrook, NY

American Portfolios Financial Services, Inc. (APFS) is a full-service broker/dealer and registered FINRA/SIPC member firm, whose primary mission is… Job Board


15 days ago

Accounting Associate

American Portfolios Financial Services Holbrook, NY

American Portfolios Financial Services, Inc. (APFS) is a full-service broker/dealer and registered FINRA/SIPC member firm, whose primary mission is… Job Board


15 days ago

Business Intelligence Data Analyst

American Portfolios Financial Services Holbrook, NY

American Portfolios Financial Services, Inc. (APFS) is a full-service broker/dealer and registered FINRA/SIPC member firm, whose primary mission is… Job Board


17 days ago

Financial Paraplanner

American Portfolios Financial Services Floral Park, NY

Seeking friendly, experienced, organized and self-motivated individual to provide full-time assistance to the Financial Advisor of a fast growing… Job Board


26 days ago

Full-Time Assistant to Financial Advisor

American Portfolios Financial Services Floral Park, NY

Seeking friendly, experienced, organized and self-motivated individual to provide full-time assistance to the Financial Advisor of a boutique… Job Board


American Portfolios Reviews

3.7
Rating Trends
Recommend to a friend
Approve of CEO
(no image)
Lon T. Dolber
5 Ratings
  • Truth.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Holbrook, NY
    Former Employee - Anonymous Employee in Holbrook, NY
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at American Portfolios full-time (More than 3 years)

    Pros

    Company is centrally located on Long Island. Some of the employees are very nice, knowledgeable folks who truly work hard. Very involved in the community and does a ton of charity work with various organizations. For the right person, it's a good learning experience. You learn the industry, how to deal with difficult personalities, customer service, etc. Personally, my direct manger was a very nice, caring individual, and I can honestly say a few co-workers turned into friends.

    Cons

    The day-to-day of this company can be so disheartening. For example: Having to show a Director (AKA- someone who makes 6 figures) how to attach an image to his email (seriously). Watching 20-30 employees- out of 80 total- come and go in just 4 years. Promotions handed out to favorites and "squeaky wheels," rather than hard workers. Even worse, promotions handed out to half the company with no pay increases for anyone (FYI: new titles don't pay the rent). I see other reviews discuss the family-run business issues, and yeah when you see Directors stroll in at 2pm, or show up late to mandatory company meetings and they're not reprimanded and/or fired because they're related to the CEO, it can be unnerving. Unfortunately I think that the root of what is wrong with this company is due to HR and their lack of concern and awareness. It's a small department who would rather hire someone willing to take the low starting pay instead of paying a little more for a qualified employee. They often choose to look the other way, rather than dealing with issues, perhaps because they figure employees will leave after 2 years to find a better paying job anyway. Why bother, right? While my manager was a nice person, very understanding and compassionate, they did not know how to actually manage. Deadlines would come and go, decisions were last minute or simply never made (I bet current employees reading this could place these attributes to various managers, actually). There were a few no-nonsense higher ups that took care of business. But mostly there were a lot of ideas and no one to follow through. Lack of trust was a huge issue, which is a shame because some of the really great staff could probably move mountains if just given permission to do it. There's just so much more and not enough room to type it all ... It's definitely an interesting experience working at AP, to say the least.

    Advice to Management

    Stop hiring people (especially psychotic people) just because they'll take a lower salary. Don't give promotions without pay raises. Promote (with raises!) the talented, well-deserving people from within instead of hiring random outsiders, or family members. Instill trust. HR- get it together! Confront the awful employees, and reward the people who have stuck with you for more than the standard 2 years. Become a better judge of character. Send upper management to classes so they're not asking associates how to send emails or print a document (it's insulting).


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