| 1. |
Why
use ALM First when I can manage the investment portfolio
myself?
With ALM First, you always remain in control. We perform investment trade execution on your order (non-discretionary), not ours. Outsourcing also makes sense for the following reasons:
- Reduces credit union overhead expenses (salaries, benefits, equipment)
- Provides a very cost-effective method to gain financial investment expertise
- Allows credit unions to take advantage of technological innovations
- Increases the menu of investment choices
- Ensures better trade execution of securities trades, in most cases
- Dramatically improves time available to concentrate on other issues
|
 |
|
| 2. |
Do
the reports that ALM First provides comply with NCUA
requirements?
All reports that ALM First generates comply with parts 703 and 704 of the NCUA regulatory reporting requirements.
|
|
|
| 3. |
How can I be sure that our
credit union's best interest is ALM First's priority?
ALM First is not a broker. We are fee-based - not commission-driven. ALM First has no underlying incentive to purchase securities for you. We execute trades when you're ready to be in the market, and all trades are approved by your credit union before they are executed. ALM First's goal is to ensure that all investment trade executions mirror your investment philosophy.
|
|
|
| 4. |
How can I be sure that ALM First has the expertise and experience to manage my credit union's balance sheet and investments?
Collectively, ALM First's staff has more than 65 years' financial investment experience. Several of our staff members have had extensive experience working in corporate credit unions. And because we are a service organization, we are immersed in the "people helping people" philosophy. ALM First has clients nationwide whose collective assets are greater than $60 billion. Currently, we have more than $7 billion in investments under advisement.
|
|
|
| 5. |
If I sign up for one of the services, can I change to the Financial Advisory Service later?
Yes. ALM First's goal is to satisfy our clients. Many clients begin with one of the other services and then decide that the Advisory Service more completely meets their needs. At ALM First, we offer our clients the flexibility to move into the Financial Advisory Service and will credit a portion of the initial fee towards the Financial Advisory Service fee.
|
