# RYAN ALM ADVISERS

RYAN ALM ADVISERS is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2002
- **Assets under management:** Undisclosed
- **Website:** ryanalm.com

## Regulatory record

- **CRD number:** 135781
- **SEC file number:** 801-64714
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/135781

## About

RYAN ALM ADVISERS, LLC is an SEC-registered investment adviser since 2005. The firm manages $2.8 billion in assets, $1.1 billion on a discretionary basis. It has 4 employees and 4 investment advisers.

## Sectors

- Fixed Income
- Liability-Driven Investing
- Pension Consulting

## People

- Ronald J. Ryan — Founder & CEO

## Questions

### Who runs investment decisions at Ryan ALM Advisers?

Ronald J. Ryan, the founder, leads all portfolio design and client-strategy decisions. Ryan developed the firm's custom liability indexing methodology personally and has been the public face of the approach through decades of industry conferences, legislative testimony, and published research. The firm operates with a small, specialist team reporting directly to him, without a separate CIO or investment committee structure.

### How does Ryan ALM source its proprietary deal flow or investment opportunities?

Ryan ALM does not source deal flow in the private-market sense — it builds portfolios exclusively from highly liquid U.S. Treasury, agency, and investment-grade corporate bonds. The firm screens its proprietary Ryan Index database to select securities whose cash-flow profiles align with client liability schedules. Securities are purchased in the secondary market through institutional execution desks, not through direct origination or private placement.

### Is Ryan ALM structured as an asset manager, a consultant, or something else?

The firm operates as a boutique fixed-income asset manager with discretionary authority over segregated accounts, but it embeds consulting-grade actuarial analysis into every mandate. Ryan ALM is registered as an investment adviser with the SEC and acts as a fiduciary, constructing and managing dedicated bond portfolios while also advising on liability-benchmark construction — a hybrid role that few other firms occupy.

### Does Ryan ALM participate in fund commitments or only direct, segregated mandates?

The firm runs only direct, segregated mandates — one portfolio per pension plan, each engineered to that plan's specific benefit-payment stream. Ryan ALM does not offer commingled funds, pooled vehicles, or fund-of-funds strategies. Every account is a separately managed dedicated bond portfolio with no cross-client risk-sharing or amortization.

### What type of pension plans constitute Ryan ALM's core client base?

Ryan ALM's historical and current client base is concentrated among U.S. public-sector defined-benefit plans, with an emphasis on municipal police officers' and firefighters' pension funds in states such as Florida, Texas, and Illinois. The firm also serves a number of multi-employer Taft-Hartley plans. These plans share a common structural stress — mature liability profiles with negative cash-flow ratios — which makes the cash-flow-matching proposition particularly relevant.

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Last updated: 2026-06-03T20:00:00.000Z

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