American Portfolios extends AP for LIFE Creative Residency through 2024 to benefit Ferguson, Mo. Creatives
The private and independent broker/dealer renews its commitment to fostering creative entrepreneurship by providing financial support and promoting financial literacy.
HOLBROOK, NY –News Direct– American Portfolios Financial Services, Inc.
U.S. Portfolios Financial Services, Inc. (AP) – a private, independent broker/dealer providing services and support to financial professionals across the United States – announces the expansion of the Creation residency AP for LIFE, a socially responsible program benefiting creative entrepreneurs based in Ferguson, Missouri, attached to the LIFE Creative STL Ecosystem. After two successful years of sponsorship, AP is increasing its funding over a two-year period beginning January 1, 2022, through its nonprofit arm, The American Portfolios Foundation, Inc.
“They say if you save a life, you’ve saved the world,” says CEO and Chairman Lon T. Dolber. “Financial literacy is a key part of this process, which is why American Portfolios decided to plant a ‘social responsibility’ flag in Ferguson, Missouri, a community that continues to be extremely underserved and often described as ground zero for Social Justice. AP’s mission is to help its affiliated investment professionals help their clients realize their American dreams. Everyone’s dreams matter, and we hope AP for LIFE Creative Residency will turn countless dreams into reality.
“We are thrilled and feel extremely fortunate to be able to partner with American Portfolios again for the benefit of young creatives and our community,” says Brian Owens, Founder of LIFE Creative STL Ecosystem. “We look forward to this expansion and to providing even more support and opportunities for our creative residents.”
Recognized by the financial services industry in two separate recognition programs (2021 ThinkAdvisor FIXTURES and 2021 WealthManagement.com Industry Awards), AP for LIFE benefits Life Arts, Inc., the non-profit arm of the LIFE Creative STL ecosystem founded by a renowned musician Brian Owens. The Ferguson-based organization provides local youth in the North County, St. Louis area with a platform where they can fully express and develop their creative voice. AP for LIFE grants five talented artists (“residents”) much-needed funding, mentorship and financial advice, providing them with the essential resources to serve as role models and leaders within their communities. Five of AP’s affiliated investment professionals serve as financial literacy mentors to each of the residents, helping them plan for their future by managing a small investment account and stipend made available through residency funding.
“AP for LIFE has the potential to become a nationally recognized workforce, finance and workforce development program – one that shapes the way society understands the” creative,” where “creatives” are seen as “creative entrepreneurs” and whose art demonstrates a purposeful life that naturally translates into social impact,” says Darius Williams, Executive Director of Life Arts.
AP for LIFE addresses several fundamental social challenges for young creatives, including lack of financial support and wealth generation, scarcity of workforce opportunities, and pathways for creative entrepreneurs to leverage their platforms to identify and successfully meet the needs of their community. The program offers solutions to these challenges by providing financial advice; a small investment account and monthly stipend for each resident; social and creative mentoring; access to platform development and marketing resources; and opportunities to impact youth in surrounding communities. “For the first time in my life, I was able to be a full-time artist thanks to the incredible financial advice I received,” says resident singer, songwriter and influencer Malena Smith. His fellow resident—Joshua “Paco” Lee, CEO and Founder of Collective Crush Records-concludes. “Between allowance and advice, I’m learning how to generate wealth in a way that supports my life and career in a variety of ways.” Smith and Lee will remain residents for part of the two-year program renewal; upon graduation, two new creatives will become residents. To date, three residents (T. Moore, Mike Bland and Stephanie Holly) have graduated from the program.
The residence helps boost commerce in the area, creating a thriving source of income with countless tributaries. Over the past two years, AP for LIFE funding and mentorship has been instrumental in the production of many multimedia projects, artworks and educational resources, including the local soul concert and film series; the musicals “A New Party” and “An intimate Christmaswhich features Malena Smith; Smith’s Upcoming Untitled EP; and “Midnight Rails” by AP for LIFE Creative Resident Cecil McClendon. Additionally, numerous brands, companies, and platforms, including AP for LIFE alum and Founder Stephanie Holly of small rhythms “Compositions for LIFE” therapeutic songwriting program for middle and high school students; Little Beats edutainment video series for young children; and AP for LIFE alum Maria A. Ellis’ girl conductor Edutainment Series – are part of several social programs and projects within the LIFE creative ecosystem, directly impacting over 100 local youth and mentoring over 15 creatives. .
The nonprofit’s focus for 2022 and beyond will be the Campus for Life, Arts, and Culture (CLAC), which is intended to serve North St. Louis County, through educational, therapeutic and workforce development, as well as arts programs. in a centralized space with the aim of cultivating and empowering students, creatives, entrepreneurs and community actors.
About US Wallets
Based in Holbrook, New York, American Portfolios Financial Services, Inc. (APFS) is an independent, full-service broker/dealer and member firm of FINRA and SIPC, offering a full range of financial services, including planning personal finance and retirement, securities trading, mutual funds, access to investment research, long-term care planning, insurance products and duty-free investing tax. Fee-based asset management is offered through its sister subsidiary, American Portfolios Advisors, Inc., (APA), an SEC-registered investment adviser. Both entities, along with the 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 house relationship with Pershing, LLC, a BNY Mellon company, whose securities are held on a fully disclosed basis. The firm supports independent investment professionals, including registered assistants and unregistered associates, nationwide.
American Portfolios has numerous recognitions from a number of industry publications and organizations. Such recognition includes: several Broker-Dealer of the Year* (Division III) wins Investment Advisor magazine; many ThinkAdvisor LIGHTING price; several finalists and prizes won by WealthManagement.com Industry Awards in several categories**; Corporate Citizen of the Year by Long Island Business News; several top locations as one of Top companies work for in New York State by the New York State Society for Human Resources Management (NYS-SHRM) and the Best Companies Group (BCG); and one of Long Island’s Best Workplaces.
*Based on a survey of Registered Representatives conducted by Investment Advisor magazine. The best rated brokers/dealers by their representatives receive the “Broker/Dealer (B/D) of the Year” award.
** Wealthmanagement.com Industry Award finalists are selected by an independent judging panel of industry subject matter experts. Reward is based on support provided to AP Affiliates and does not reflect public customers or their account performance.
About American Portfolio Foundation, Inc.
American Portfolios Foundation, Inc. (APF), a 501(c)(3) nonprofit organization that was originally formed in New York in 2004 and amended in 2018 and headquartered in Holbrook, New York, is designed as a non-profit organization designed to advance awareness, assistance and support for charitable causes. Board members include AP CEO Lon T. Dolber, chairman; AP Administrative Director Dalchand Laljit, Vice President; and AP Chief Financial Officer Damon Joyner, Treasurer/Secretary. In addition, various roles are held by PA headquarters staff. The Board meets quarterly to discuss its existing relationships with various charities and to determine the direction of various upcoming initiatives that will require the services and support of the Foundation.
About LIFE Arts, Inc.
Life Arts, Inc. is a 501(c)(3) nonprofit that provides artistic resources, opportunities, mentorship, and positive experiences to help students develop the qualities and skills they need to reach their potential given by God. The organization believes that through leadership skills and the discipline of the arts, the youth of St. Louis can be a driving force, shaping the change we all so desperately want to see happen.
U.S. Portfolios Financial Services, Inc.
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