Nearly four years after the initial stock purchase, ALM First Financial Advisors LLC, a credit union financial advisory firm, said it has returned to a privately held, wholly owned status by buying back all shares previously purchased by Western Corporate Federal Credit Union.
The firm said its day-to-day operations remained 100% in-house after the 2006 stock purchase and the move will have no impact on the company's daily operations. With this buyback, the reins of the company are again in the hands of the original three partners-Angela Calvert, Emily Mor? Hollis and Thomas Manley.
"Our primary motives have always been the best interests of our clients and that will never change," said Calvert in an Oct. 4 statement. "We will continue to focus on our core businesses of ALM and investment advisory."
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