{"url":"https://nivawealth.com/firms/alm-first-financial-advisors-108561","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/108561","regulatoryAum":76173495779,"crd":"108561","secFileNumber":"801-57980","legalName":"Alm First Financial Advisors LLC","displayName":"Alm First Financial Advisors","website":"http://www.almfirst.com","linkedinUrl":"https://www.linkedin.com/company/alm-first/","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"3800 Maple Avenue, Ste. 600","city":"Dallas","state":"TX","stateName":"Texas","country":"United States","postalCode":"75219"},"tradeNames":[],"registration":{"secApproved":"22 September 2000","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":23,"advisory":10,"brokerDealerReps":0,"insuranceAgents":2,"promoters":3},"aum":{"discretionary":2307736733,"discretionaryAccounts":40,"nonDiscretionary":73865759046,"nonDiscretionaryAccounts":149,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"High-net-worth individuals","clients":1,"regulatoryAum":39718880},{"label":"Banking or thrift institutions","clients":155,"regulatoryAum":74579046006},{"label":"Pooled investment vehicles","clients":3,"regulatoryAum":42032462},{"label":"Insurance companies","clients":3,"regulatoryAum":1512698431}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Alm First Financial Advisors has custody of $38.3M for 1 clients.","otherCustodians":[],"leadership":[{"name":"Jason Haley","title":"Chief Investment Officer and President","crd":"4653830"},{"name":"Justin Dausch","title":"Chief Compliance Officer","crd":"6919209"},{"name":"Michael Ensweiler","title":"Principal","crd":"5488284"},{"name":"John Graf","title":"Director","crd":"1010354"},{"name":"Emily Hollis","title":"Managing Partner, CEO","crd":"1401084"},{"name":"Steven Hollis","title":"Principal","crd":"5938498"},{"name":"Vikas Kalra","title":"Platform Director","crd":"7529729"}],"ownership":[{"label":"Alm First Group, LLC","detail":"Member in the 75% or more ownership band and a control person, since July 2018."},{"label":"John Graf","detail":"Indirect owner: rambler director of Alm First Group, LLC and a control person, since July 2018.","parent":"Alm First Group, LLC"},{"label":"Frederick Brazelton","detail":"Indirect owner: platform director of Alm First Group, LLC and a control person, since July 2018.","parent":"Alm First Group, LLC"},{"label":"Emily Hollis","detail":"Indirect owner: a director of Alm First Group, LLC in the 25% to 50% band and a control person, since July 2018.","parent":"Alm First Group, LLC"},{"label":"Platform Alm Holdings, LLC","detail":"Indirect owner: a director of Alm First Group, LLC in the 25% to 50% band and a control person, since July 2018.","parent":"Alm First Group, LLC"},{"label":"Travis Goodman","detail":"Indirect owner: managing member of Alm First Group, LLC and a control person, since July 2018.","parent":"Alm First Group, LLC"},{"label":"Vikas Kalra","detail":"Indirect owner: platform director of Alm First Group, LLC and a control person, since July 2018.","parent":"Alm First Group, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[{"state":"Texas","offices":1,"addresses":[{"street":"3800 Maple Avenue, Ste. 600","city":"Dallas","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"800-752-4628","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Publication of periodicals or newsletters","Educational seminars/workshops"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":1},{"label":"U.S. government/agency bonds","percent":79},{"label":"U.S. state and local bonds","percent":1},{"label":"Investment grade corporate bonds","percent":2},{"label":"Derivatives","percent":7},{"label":"Cash and cash equivalents","percent":4},{"label":"Other","percent":6,"detail":"Nonagency RMBS and Consumer Abs."}],"privateFunds":3},"sources":{"adv1FilingDate":"30 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/108561/PDF/108561.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Alm First Financial Advisors have?","answer":"Alm First Financial Advisors has 162 clients and manages $76.2 billion for them, as of March 2026. They include 155 banking or thrift institutions, 3 pooled investment vehicles and 3 insurance companies.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Alm First Financial Advisors offer?","answer":"Alm First Financial Advisors provides portfolio management for pooled vehicles, portfolio management for institutions, publishing newsletters and educational seminars.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Alm First Financial Advisors have?","answer":"Alm First Financial Advisors has 0 investment adviser representatives registered with state securities authorities, out of 23 employees, and 10 perform investment advisory functions. 0 are registered representatives of a broker-dealer and 2 are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Alm First Financial Advisors invest in?","answer":"At the end of its last fiscal year, Alm First Financial Advisors’ separately managed accounts held 79% U.S. government and agency bonds, 7% derivatives, 6% nonagency rmbs and consumer abs., 4% cash and equivalents, 2% investment grade corporate bonds, 1% exchange-traded equities and 1% state and local bonds. It advises 3 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Alm First Financial Advisors?","answer":"Alm First Financial Advisors is owned through a holding company by Emily Hollis and Platform Alm Holdings, LLC. Its direct owner is Alm First Group, LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 30 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Alm First Financial Advisors get paid?","answer":"Alm First Financial Advisors is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":{"url":"https://nivawealth.com/firms/alm-first-financial-advisors-108561/holdings","form":"13F-HR","periodOfReport":"2026-06-30","filedOn":"2026-07-10","filingIndexUrl":"https://www.sec.gov/Archives/edgar/data/1950054/000195005426000007/0001950054-26-000007-index.html","totalValue":593616494,"positionCount":22,"top10Share":0.874116459439215,"top10":[{"issuer":"Vanguard S&P 500 ETF","titleOfClass":"ETF","cusip":"922908363","value":162856387,"shares":285434,"shareType":"SH","priorValue":146161925,"priorShares":278997},{"issuer":"Cambria Trinity ETF","titleOfClass":"ETF","cusip":"132061839","value":68606910,"shares":2271000,"shareType":"SH","priorValue":67649932,"priorShares":2292636},{"issuer":"Cambria Global Value 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Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}