Dallas, TX – July 13, 2020 – ALM First has officially acquired the institutional fixed income line of business from Detalus, a 20-year old asset management firm dedicated to providing objective advice. As a result of increased investment activity from ALM First’s more than 300 clients nationwide and the recent acquisition, the firm’s total assets under management now exceed $36 billion.
Former Detalus institutional fixed income clients, which include several depository institutions and insurance companies, will enjoy a comprehensive investment advisory solution that now includes investment accounting, enhanced reporting, additional fixed income specialist and hedging strategies. These new clients will also have full access to the ongoing investor education resources the ALM First team provides.
“We’re excited about this latest expansion and look forward to providing new resources and a broader range of solutions to this group of clients,” said Emily Hollis, CFA, CEO of ALM First. “As we continue to grow and expand, we believe all of our clients benefit from increased economies of scale and enhanced services.”
“ALM First’s guiding principle of putting clients’ best interests first and the breadth of asset liability management services they provide made them an ideal fit for this business line acquisition,” says Steve Rull, Managing Director & Owner of Detalus. “We’re confident that ALM First’s team of experts will deliver strong results for our former fixed income clients.”
About ALM First
ALM First 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 $36 billion of investments under management, ALM First Financial Advisors 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. For more information, visit www.almfirst.com.
About Platform Partners LLC
Founded in 2006, Platform Partners LLC is a private investment company based in Houston that makes investments in lower middle-market companies with the intent of growing these businesses into industry leaders through a combination of organic and acquisition growth. Platform invests through a perpetual holding company structure allowing for a long-term, patient approach to partnering with entrepreneurs to build companies. The company manages total assets of approximately $450 million. For more information, please visit www.platformllc.com.