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ALM First now managing 11.2 billion in funds
DALLAS (2/18/10)--ALM First Financial Advisors, an advisory firm for credit unions, now has more than $11.2 billion in funds under advisement. In the past year, ALM added 27 new credit unions, representing 134 clients from 31 states. The firm also began offering regional education sessions. “Our clients have told us how much they appreciate the knowledge and experiences we share during our interactions with credit unions,” said ALM First Partner Angela Calvert. “Due to this positive feedback, coupled with the current economic climate, we plan to expand this program during 2010, providing a chance for clients to learn and interact with our staff firsthand.” Consumers’ flight to safety has caused credit unions’ liquid assets to grow significantly, contributing to their need for sound financial advice, Calvert said. A current hot topic right now is determining when it makes sense for credit unions to explore merger opportunities. Also, new financial legislation will affect credit unions, she added.


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