American Portfolios Financial Services, a privately-held, independent broker/dealer that services financial advisors, promoted Steve Krameisen to chief technology officer (CTO).

In July 2020, Krameisen joined American Portfolios Financial Services as chief information security officer (CISO), directing all information security initiatives around strategy, operations and budget in the protection of the company’s enterprise information. In addition to his responsibilities as CTO, he will remain responsible for the security and stability of American Portfolios Financial Services’ environment.

“Given his vast experience in fintech and dedication to the field, we are extremely fortunate to have Steve take on the additional responsibilities of CTO,” Lon T. Dolber, CEO of American Portfolios Financial Services, said. “I have every confidence his leadership will usher us into a new and exciting era in AP’s commitment to technology ingenuity in our space. With Steve overseeing AP’s overall technology footprint, we are better able to develop and implement our current and future IT development initiatives, effectively manage the nuances of information security and more efficiently work in finding solutions with and for our affiliated financial advisors, business partners and the investing public.”

As CTO, Krameisen will oversee the development and implementation of IT strategies to accommodate current and future organizational needs while helping to attain the firm’s operational and financial goals. He is responsible for establishing American Portfolios Financial Services’ technology vision, leading all aspects in the management of the firm’s technology development and infrastructure. Krameisen also will manage American Portfolios Financial Services’ technology resources and support for its cloud infrastructure, including facilities, networks, telecommunications and all related software programs. Additionally, he will plan, organize and control American Portfolios Financial Services’ information technology resource activities and collaborate on projects and initiatives with stakeholders, as well as members of the company’s advisor council (APAC).

“Steve plays an integral part in achieving AP’s strategic direction and growth,” Dalchand Laljit, chief administrative officer for American Portfolios Financial Services, said. “With the reorganization and reinforcement of teams and talent for technology, information security, platform development and network services in place at AP, we are very excited about this direction and focus, which has strengthened our fintech capabilities to build optimal products, services and support for our investment professionals and their thriving practices.”

Krameisen, who will report directly to Laljit, has more than 35 years of fintech experience, with specificity to the financial services industry, and has held senior management and executive level technology positions at Fortune 500 companies and corporations. From 2018 to 2020, Krameisen provided consulting services to American Portfolios Financial Services through Wealth Tech Consultants, a firm he formed in 2015. During this time, he lent direction to American Portfolios Financial Services’s B/D and its Registered Investment Advisor (RIA) — American Portfolios Advisors — with respect to its information technology and technology operations.