Account Portfolio Management Announces Opening of its Second Office

Account Portfolio Management, LLC announced that they officially opened their second collection agency located in Bensalem, PA.

The new office, APM Financial Solutions, LLC is the second captive agency for Account Portfolio Management, LLC. Their other agency is vCollect Global, Inc. based in Princeton, NJ. APM Financial opened the doors on Monday September 11th with 28 collectors and 7 administrative staff. The new office has capacity for 100 collectors and by year end they estimate they will have at least 60 collectors.

Michael Chiodo, Managing Member of Account Portfolio Management had this to say, ?we are very excited to be opening our second office and believe that having two agencies at our disposal will enable us to extract the most value out of our portfolios.? In addition, Michael feels that the location is optimal for getting the talent they need to be successful and grow their platform effectively.

Tom Clark, Vice President of Collections, who was hired to run the new office stated, ?I have known Mike since his first day in this business when his boss sat him next to me on the podium at NCO. I knew that day we would get along great, but I never thought we would be growing a company together seven years later.? In response, Mike said, ?it is great to be back in suburban Philadelphia with old friends and co-workers. Tom is a legend in our industry and I can?t think of a better operator.?

Tom Clark spent eighteen years with the NCO Group in various collection capacities, including running their attorney network.