American Portfolios Financial Services Inc. (AP), a privately held, independent broker-dealer headquartered in Holbrook, N.Y., has promoted Cliff T. Walsh to chief investment officer.

In addition to continuing to manage the firm’s Nine Points Investment Management portfolios, Walsh will now also oversee the bank selection for AP’s FDIC sweep program.

Walsh joined the firm in 2017 as vice president of asset management. He has a bachelor's degree in finance from Villanova University. Walsh earned an M.B.A. degree in finance/management systems from the Graduate School of Business Administration at Fordham University.