Dallas, TX – January 17, 2024 – ALM First, a strategic partner for depositories offering commission-free, fee-based advice as a fiduciary, officially launched a new subsidiary this month, ALM First Executive Benefits, LLC. The expansion of services to include unbiased plan design, consulting, plan audits, and seamless administration and plan servicing was driven by growing client demand.
“In our discussions with hundreds of depositories nationwide, it became clear that common, cookie-cutter executive benefits plans weren’t meeting the evolving needs and goals of forward-thinking financial institutions,” says Mike Ensweiler, President of ALM First Executive Benefits, LLC. and Principal of ALM First. “ALM First Executive Benefits was created to fill those gaps and benefit the industry.”
Through a comprehensive review of priorities and agnostic evaluation of a wide range of structures, ALM First Executive Benefits strives to reduce risk and provide efficient solutions designed in the best interest of all stakeholders. Interested credit unions should visit benefits.almfirst.com to learn more about the firm’s hands-on approach to delivering a bespoke plan design customized to meet organizational and recipient performance objectives.
“At ALM First, we’re focused on building trust and putting the best interests of our clients above all else,” says Emily Hollis, CFA, CEO of ALM First Group. “Our newest subsidiary, ALM First Executive Benefits, is leading with education and transparency to craft personalized experiences that empower our clients to make informed decisions about their executive benefits.”
The new subsidiary recently launched its own website, benefits.almfirst.com, and began building its team last year with plans to expand further in the coming weeks. In 2023, ALM First welcomed Tom Sievewright back as Director of Executive Benefits to help expand the firm’s capabilities and prepare for the launch of its new subsidiary.
About ALM First
ALM First was founded in 1995 as a strategic partner for depositories, offering an array of financial advisory services. The firm’s expertise in asset/liability management, fixed income portfolio management and hedging, has allowed it to deliver deeper insights into financial institutions’ balance sheets, strengthening their financial performance and building efficiencies. With approximately $70 billion of investments under management (as of December 31, 2023), 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. In recent years, ALM First Group has expanded to include several wholly-owned subsidiaries including DDJ Myers, an ALM First Company and ALM First Executive Benefits, LLC. Driven by client needs, we now offer executive recruitment, strategic organization, board development, tailored executive benefits solutions and more to help financial institutions optimize their greatest assets – their people.
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 $950 million. For more information, please visit platformllc.com.