HOLBROOK, N.Y., Sept. 07, 2017 (GLOBE NEWSWIRE) -- American Portfolios Financial Services, Inc. (AP), a privately-held, independent broker/dealer that services financial advisors across the country, has added to its long-standing commitment to corporate social responsibility—including its support of non-profit organizations such as World T.E.A.M. Sports, Virtual Enterprises International and The Dome Project—by launching the Nine Points Investment Management (NPIM) Impact Portfolios. Through Socially Responsible Investing (SRI), these portfolios select investments using Environmental, Social and Governance (ESG) criteria to provide advisors with a total portfolio solution.
“We believe that it’s vital for our family of investment professionals to have a wide variety of choices to offer their clients when helping them plan their financial futures,” imparts Gary Gordon, president of American Portfolios Advisors, Inc. (APA), AP’s registered investment advisor (RIA). “With the recent launch of the NPIM Impact Portfolios, the firm’s affiliated financial advisors have enhanced methods of tapping into new financial planning opportunities. Our hope is that they will be able to reach prospective clients and have new conversations with existing customers through these offerings.”
While many within the financial services industry counter that SRI means accepting lower ROI, American Portfolios Director of Investment Research Jessica Skolnick, CFA, counters that established research shows contrary to popular belief, investing apace with one’s values doesn’t have to mean sacrificing performance. “Studies show that ESG strategies don’t consistently under or outperform traditional investments over time. SRI is more than a fad; it’s where the future of investment is moving. Demand among investors, especially younger and female investors, is on the rise, creating a big opportunity for advisors who can offer ESG products designed for the retail investor. The NPIM Impact Portfolios, with minimums of just $25,000 to open an account, allow advisors to reach these demographics in a meaningful way.”
APA added NPIM to its existing Advisor’s Solutions program in 2015; NPIM provides an alternative to traditional, packaged advisory products, all while offering personalized service not found in today’s Web-based wealth management solutions. As an exclusive asset manager and fund strategist within the Nine Points Advisory Services Platform, NPIM applies a disciplined and consistent approach to asset allocation portfolio design. In keeping with this mission, the NPIM Impact Portfolios provide diversified exposure to U.S., foreign equity, fixed income and alternatives at five levels of risk to suit a broad range of client objectives. They are managed using the principles of Modern Portfolio Theory with small tactical shifts in asset class weightings to take advantage of current market conditions.
The NPIM Impact Portfolios use ETFs and mutual funds in combination. Mutual funds have a longer track record in ESG investment, and active managers can look beyond ESG scores to qualitatively understand a company’s policies. Most ESG-focused ETFs are new to the market, but are being supported by well-established firms with commitments to impact investing. The NPIM Impact Portfolios use ETFs when available to offset the higher cost and lower tax efficiency of the mutual funds. At present time, there are five Impact Portfolios available on the Nine Points Advisory Services Platform, including: NPIM Impact Income, NPIM Impact Income & Growth, NPIM Impact Growth & Income, NPIM Impact Growth and NPIM Impact Aggressive Growth.
About American Portfolios
Headquartered in Holbrook, N.Y., American Portfolios Financial Services, Inc. (AP) 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 serves 794 independent investment professionals located in 364 branch locations throughout the nation. It was named Broker-Dealer of the Year* (Division III) by Investment Advisor magazine in 2015 and 2016, as well as one of the top five Best Small/Mid-Size Company to Work for in the state of New York for 2016 and 2017 by the New York State Society for Human Resources Management (NYS-SHRM) and the Best Companies Group (BCG).
*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.”
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Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/71a5e8cb-649b-4ba1-96be-e1ebbdbe5deb