DALLAS (4/21/09)--ALM First Financial Advisors reached $9.1 billion in funds under management in March because of new clients and existing clients’ growing deposits, the company said. ALM First is an advisory firm for credit unions that helps manage balance-sheet risk, investment portfolios and develop strategies to improve financial performance. The firm has 124 clients. “Today’s consumers are saving more and spending less, and credit unions are seeing this reflected in their deposit volumes,” said Angela Calvert, ALM First partner. “We see this trend in our growing volume of funds under management. And with regulatory issues drawing increased attention in today’s financial services industry, we also see more credit unions looking to third-party advisers for help with their asset-liability management.” Some of ALM’s growth also can be attributed to fears about the banking community’s stability. About 39% of Americans feel confident in the stability of banks, according to a survey ALM cited. “This ‘flight to safety’ creates a great opportunity for credit unions,” Calvert said.