Asset manager · Dallas, TX
ALM First Financial Advisors LLC
SEC-registered investment adviser · CRD 108561 · SEC 801-57980
At a glance
ALM First Financial Advisors LLC is an SEC-registered investment adviser based in Dallas, Texas, with $76.2 billion in regulatory assets under management as of its Form ADV filed March 30, 2026. Its largest client group by assets is banking or thrift institutions, and it reports 1 individual clients. By Form ADV it is a asset manager, ranked 167th of 3,218 asset managers and 331st of 17,210 SEC-registered advisers by assets.
Main office 800-752-4628almfirst.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $76B
- Rank among asset managers
- #167 of 3,218
- Rank among all SEC RIAs
- #331 of 17,210
- Rank in Texas
- #9 of 1,081
- Individual clients
- 1
- High-net-worth clients
- 1
- Accounts
- 189
- Discretionary
- 3% of AUM
- Employees
- 23
- Advisory staff
- 10
- Offices
- 1
Owners and executives on its Form ADV
- Emily M. HollisManaging Partner, CEO
- Michael E. EnsweilerPrincipal
- John A. GrafDirector
- Jason W. HaleyChief Investment Officer and President
- Vikas M. KalraPlatform Director
- Justin C. DauschChief Compliance Officer
- Steven HollisPrincipal
Custody and brokerage
Custodian
ALM First Financial Advisors LLC’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Banking or thrift institutions | 155 | $75B | 98% |
| Insurance companies | 3 | $1.5B | 2% |
| Pooled investment vehicles | 3 | $42M | <1% |
| High-net-worth individuals | 1 | $40M | <1% |
Private funds
ALM First Financial Advisors LLC reports 3 private funds with $42M in gross assets: liquidity funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
ALM First Financial Advisors LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Periodicals or newsletters
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗almfirst.com ↗
AtlasMembers
The full record on ALM First Financial Advisors LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 266 peers of its type and size
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- Owners and executives, with titles and stakes
- 7 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Background
Questions
How much does ALM First Financial Advisors LLC manage?
ALM First Financial Advisors LLC reports $76.2 billion in regulatory assets under management across 189 accounts, 3% of it on a discretionary basis, on its Form ADV filed March 30, 2026.
What kind of firm is ALM First Financial Advisors LLC?
ALM First Financial Advisors LLC is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals.
Who are ALM First Financial Advisors LLC’s clients?
By assets, its largest client types are banking or thrift institutions ($74.6 billion, 155 clients); insurance companies ($1.5 billion, 3 clients); pooled investment vehicles ($42 million, 3 clients).
Does ALM First Financial Advisors LLC manage private funds?
Yes. It reports 3 private funds with $42 million in gross assets, including liquidity funds, other private funds.
Does ALM First Financial Advisors LLC have any disciplinary history?
ALM First Financial Advisors LLC reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is ALM First Financial Advisors LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-30), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →