Willkie advised American Portfolios in its acquisition by Advisor Group, a portfolio company of Reverence Capital Partners.
On June 22, Willkie client American Portfolios Financial Services, Inc. announced a definitive agreement to be acquired by Advisor Group, one of the nation’s largest networks of independent wealth management firms.
American Portfolios is a full-service, independent broker-dealer headquartered in Holbrook, New York. It currently supports more than 850 financial professionals in nearly 400 branches across the country who oversee approximately $40 billion in client assets.
Following the completion of the transaction, American Portfolios will become a member of the Advisor Group network and continue to do business under its own brand and maintain its current operating model.
Advisor Group, a portfolio company of Reverence Capital Partners, is a leading network of independent wealth management firms serving approximately 9,700 financial professionals and overseeing approximately $515 billion in client assets.
The Willkie team was led by partner Manuel Miranda and associate Matthew Naifeh, and included partner Jordan Messinger and associates Nkem Anene and Sherrone Torres.