ALM First Financial Advisors passes 20-Year milestone, firm restructures, adding employee owners and minority equity investor
Emily Hollis takes helm as firm prepares for growth and enhanced client services
DALLAS, TX (September 18, 2015) — ALM First Financial Advisors, LLC, a premier financial advisory firm serving credit unions and banks, is making a structural change, in which several veteran employees will join co-founder Emily Hollis, CFA, as partners. Hollis will continue in her current role, while Angela Calvert and Tom Manley, CFA, will sell their interests in ALM First back to the firm so they can follow new opportunities.
“We’re excited about the next chapter for ALM First, but it’s a bittersweet moment,” Hollis said. “After working together for so many years to build our company and great staff, we will deeply miss Angela and Tom. They have contributed mightily to ALM First’s success, and we wish them the very best in their next endeavors. At the same time, we’re looking ahead and positioning the firm for new development opportunities.”
Manley says he expects ALM First to continue its long history of success. “We’re very proud of the products and platform all of us have developed at ALM First, and I’m certain the company will grow and prosper under Emily’s leadership and future development,” he said.
Calvert agrees, noting she has enjoyed her relationships with clients, staff and the other partners. “I very much appreciate the opportunity I’ve had to serve with the ALM First team to build wonderful connections with our clients and business partners, and I’ll miss this aspect the most. I’m going to carry with me some wonderful memories as I move on a new path.”
The new structure will consist of five employee partners and a minority equity investor. In addition to Hollis, CEO, other partners include Mike Ensweiler, Managing Director, Business Development; Travis Goodman, CFA, Managing Director, Advisory Services; Kevin Kirksey, Managing Director, Strategic Services Group; and Robert Perry, Managing Director, Investment Management Group.
ALM First expects the change process to take approximately 60 days to complete, which includes providing notices to clients about the new ownership structure and completing regulatory steps as a registered investment advisor. Both Calvert and Manley will continue onboard during the interim, serving as resources for clients, staff and service providers.
“I think everyone who’s been a part of ALM First has felt a strong commitment to its success over the years, but I believe our new structure will give participants an even greater stake in the organization’s success,” said Ensweiler. “Change is always challenging, but it will be exciting to see how the future unfolds for ALM First, and the clients we serve.”
Hollis agrees, adding that she’s grateful for ALM First’s many clients, many of which have been with the company from its early days.
“Tom, Angela and I have been blessed beyond words with the encouragement and support our clients have shown us over the years,” she said. “Now, as we move ahead, all of us on the ALM First team look forward to continually challenging ourselves to adhere to the highest standards of practice and provide the best-possible service.”
About ALM First Financial Advisors
ALM First Financial Advisors is a strategic partner for depositories, offering an array of financial advisory services. Since 1995, our expertise in asset/liability management, fixed income portfolio management and hedging, has allowed us to deliver deeper insights into financial institutions’ balance sheets, strengthening their financial performance and building efficiencies. With more than $50 billion of investments under management, ALM First is an SEC-registered investment advisor, acting as an unbiased third party, offering commission-free, fee-based services to over 300 financial institutions across the country.
“ALM First” is a brand name for a financial services business conducted by ALM First Group, LLC (“ALM First”) through its wholly owned subsidiaries: ALM First Financial Advisors, LLC (“ALM First Financial Advisors”); ALM First Advisors, LLC (“ALM First Advisors”); and ALM First Analytics, LLC (“ALM First Analytics”). Investment advisory services are offered through ALM First Financial Advisors, an SEC registered investment adviser. Access to ALM First Financial Advisors is only available to clients pursuant to an Investment Advisory Agreement and acceptance of ALM First Financial Advisors’ Brochure.