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.