Advisor Group Acquires American Portfolios Financial Services, Inc.
June 22, 2022
Advisor Group announced a definitive agreement to acquire American Portfolios Financial Services, Inc., a full-service independent broker-dealer headquartered in Holbrook, New York. The firm — which supports more than 850 financial professionals across nearly 400 branches and manages about $40 billion in client assets — will remain branded and operationally independent; Lon T. Dolber will join Advisor Group as Vice Chairman. The deal, backed by Reverence Capital Partners, is subject to FINRA and other regulatory approvals and expands Advisor Group's network and capabilities for its financial professionals.
- Buyers
- Advisor Group, Reverence Capital Partners
- Targets
- American Portfolios Financial Services, Inc.
- Platforms
- Advisor Group
- Industry
- Financial Services
- Location
- New York, United States
- Transaction Type
- Addon
Explore More
Related Acquisitions
-
LPL Financial Acquires Minority Stake in Private Advisor Group
November 20, 2025
Wealth Management
LPL Financial Holdings Inc. has acquired a minority ownership stake in Private Advisor Group, the Morristown, New Jersey–based RIA with $41.3 billion in AUM. Republic Capital Group served as the investment banking advisor to Private Advisor Group. The investment joins LPL with existing minority owner Merchant Investment Management and six legacy shareholders to deepen strategic ties and expand programs, technology, and operational support for advisors.
-
Waverly Advisors Acquires Pacific Portfolio
October 31, 2025
Wealth Management
Waverly Advisors has acquired Pacific Portfolio Consulting, LLC and Pacific Portfolio Trust Company to expand into the Pacific Northwest and add trust capabilities. The deal brings roughly $5 billion of AUM to Waverly, increasing the firm's total AUM to about $25.1 billion; financial terms were not disclosed and the transactions closed in late September and October 2025.
-
Abry Partners Acquires Portfolio Holding from Capital Z Partners
August 19, 2019
Insurance
Boston-based private equity firm Abry Partners has agreed to acquire Portfolio Holding, Inc., a Lake Forest, California provider of reinsurance management and F&I products, from Capital Z Partners. Portfolio's management will remain in place and retain significant equity; Abry plans to support the company's national expansion in the automotive dealer market and other warranty/reinsurance markets.
-
Simplicity Group Acquires Advisors Financial Group
February 3, 2021
Insurance
Simplicity Group completed the acquisition of Advisors Financial Group, an independent life and annuity insurance distribution business, effective February 1, 2021. Greg Patterson joined Simplicity as a partner and shareholder as part of the deal; Advisors Financial Group will operate as part of Simplicity’s distribution platform (the 19th organization to join).
-
NFP Acquires AFS Advisors, LLC
January 7, 2022
Wealth Management
NFP, a global insurance broker and consultant, has acquired AFS Advisors, LLC, an independent registered retirement and investment advisor based in Suwanee, Georgia. The acquisition (closed January 7, 2022) expands NFP's retirement capabilities and footprint in the Atlanta metro and broader Atlantic region.
-
Foreside Financial Group Acquires JG Advisory Services LLC
March 9, 2021
Professional Services
Foreside Financial Group, a PE-backed provider of compliance and regulatory solutions, acquired the regulatory compliance business of JG Advisory Services LLC. The deal brings JG Advisory founder Judy Gross and her colleagues into Foreside to bolster the firm's compliance offerings for hedge funds, private equity and emerging managers; financial terms were not disclosed.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.