American Portfolios enhances front office technology with addition of Xtiva Intel and upgrade to Xtiva Reward

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Leading independent financial services firm increases investments in tools to support advisor success and organizational performance and growth.

American Portfolios has a long history of bringing leading technologies and tools into the many financial services practices we serve. Xtiva’s suite is an opportunity to do that again and accelerate the success of our affiliated investment professionals and the firm.

Xtiva, the only provider of Sales Performance Management Technology and Services exclusively for the financial services industry, announced that American Portfolios Holdings, Inc. (APH), for the benefit of its related broker/dealer and registered investment advisor entities—American Portfolios Financial Services, Inc. (APFS) and American Portfolios Advisors, Inc. (APA), respectively—has made a major new commitment to the technology provider.

With an upgrade to Xtiva Reward, American Portfolios (APH) will leverage next-generation compensation tools purposely built for modern financial services organizations. The new addition of Xtiva Intel will unlock powerful performance optimization opportunities, delivering insights direct to the desktop and mobile devices of head office staff, field leaders and, most importantly, financial advisors and their practice partners.

“Upgrading from our legacy Xtiva compensation service to Xtiva Reward will give us some great leverage,” said APH CFO Damon Joyner. “The addition of Xtiva Intel capabilities for our affiliated investment professionals, their support staff and our home office team will further enhance many of the investments we have made in the business over the past decade.”

Key Benefits:

  • Enable future-ready compensation capabilities that support growth, as well as organizational and practice flexibility to respond to opportunities
  • Improvements in operational efficiency and scalability
  • Performance optimization across the organization from advisor practices to the top of house
  • Practice management tools and KPIs

“AP has a long history of bringing leading technologies and tools into the many financial services practices we serve. Xtiva’s suite is an opportunity to do that again and accelerate the success of our affiliated investment professionals and the firm,” stated APH CEO and CIO Lon T. Dolber.

“American Portfolios—as recognized by their industry awards and business performance-- is a clear leader in the wealth management market. We appreciate the long-standing partnership between our organizations and look forward to further expanding on the value we bring to AP and their network of financial advisors,” explained Xtiva Chief Executive, Tom Moysak.

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About Xtiva

Xtiva Financial Systems provides the leading sales performance management (SPM) and incentive compensation management (ICM) systems for the financial services industry. Xtiva’s cloud-native SPM product suite enables financial organizations to drive scalable performance improvement through better business intelligence, sales enablement, talent management and supported by dynamic and compelling incentive compensation. 90 financial service enterprises use Xtiva’s software, services and support, to maximize their salesforce investments and business performance. Xtiva’s customer obsessed team is dedicated to ensuring its customers and their partners achieve more every day.

Unlock front-office velocity. Drive revenue. Eliminate profit leakages. Achieve More. Learn more at http://www.xtiva.com, via Twitter or on LinkedIn.

About American Portfolios

American Portfolio Holdings, Inc. (APH) was formed in May 2000, establishing distinct and separate value for the following two wholly-owned subsidiaries and one limited liability company: 1) 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; 2) Fee-based asset management is offered through American Portfolios Advisors, Inc. (APA), an SEC Registered Investment Advisor; 3) American Portfolios Advisory Solutions, LLC (APAS) is a software development company and the technology arm for APH, which became operational in 2015. 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 (see note 1) (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 (see note 2); 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.

Notes:
1. 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.”
2. 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.

Contacts:

For Xtiva:
Rick Scearbo, CRO
646-747-4128
rscearbo@xtiva.com

For American Portfolios Financial Services, Inc.:
Melissa Grappone, VP of Marketing and Corporate Communications
631.439.4600, ext. 108
apcorpcomm@americanportfolios.com

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Xtiva
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