Firm expands into Southwest with Phoenix acquisition, launches division serving first responders and public safety members

Modern Wealth Management (“Modern Wealth”), a registered investment advisory (RIA) firm founded to meet the evolving needs of today’s financial professionals and their clients, today announced an asset purchase agreement of Mesa, Arizona-based Public Safety Financial/Galloway (“PSF/Galloway”), an RIA with $1.1 billion in assets under management (“AUM”). This acquisition marks the official launch of Public Safety Financial, a division of Modern Wealth serving police officers, fire fighters, government employees, military veterans and their families. It also establishes a new “Organic Growth Hub” and advisor support center that will serve as the centerpiece of its national expansion.

Founded in 2006 by Mike Galloway, a Marine Corps veteran and former Police Lieutenant, PSF/Galloway serves more than 3,000 public safety households across 100+ police and fire departments. The firm provides specialized expertise in financial wellness training, pensions, 457(b), 401(a), Deferred Retirement Option Plans (DROPs) and survivor assistance, alongside comprehensive retirement and investment planning services. Additionally, the firm delivers more than 250 webinars and seminars annually, giving first responders in Phoenix and across the country access to ongoing education, guidance and resources tailored to their unique financial needs.

“Our philosophy has always been to ‘commit to serving others,’ and we’re honored to serve first responders,” said Galloway, who now joins Modern Wealth as Managing Director of the Public Safety Financial Division. “By combining our services with Modern Wealth’s national scale, we can expand our mission to serve public safety families nationwide.”

PSF/Galloway’s 42-member team – many with first responder backgrounds – will leverage Modern Wealth’s robust wealth management platform to broaden client services across financial planning, investment management, tax planning and preparation, estate planning and more. PSF/Galloway will also benefit from Modern Wealth’s “Organic Growth Hub,” which provides comprehensive strategies for lead generation, distribution and client onboarding, alongside business support in functions such as marketing and technology.

The greater Phoenix area will also become home to Modern Wealth’s largest employee footprint and serve as its second “Organic Growth Hub,” joining the original hub in the Kansas City area and providing increased support for outreach to the first-responder community. By combining PSF/Galloway’s deep focus on public safety members with Modern Wealth’s infrastructure, the acquisition creates a powerful engine to deliver and expand specialized financial services for first responders across the nation.

“It’s a privilege to serve the people who serve us, and launching a dedicated first responder division is a meaningful milestone for Modern Wealth. Mike and his team have built an incredible culture and business around supporting public safety members,” said Jason Gordo, Co‑founder and President of Modern Wealth. “At Modern Wealth, we’ve been rapidly but thoughtfully expanding our national footprint and presence in key regions. PSF/Galloway represents our first office in Arizona, our entry into the Southwest and an important step in our growth as we begin building a significant hub in the Phoenix area.”

In just over two years since its inception, Modern Wealth has surpassed $10 billion in AUM, underscoring the success of its strategic acquisition strategy. The asset purchase of PSF/Galloway marks the firm’s fifth acquisition in 2025 and its 18th overall, following recent West Coast expansions through the additions of Kaye Capital Management, Planned Asset Management and Wade Financial.

Derek Bruton of Gladstone Associates, LLC advised on the transaction between Modern Wealth and PSF/Galloway.

For more information about Modern Wealth and its comprehensive wealth management services, please visit modwm.com.

About Modern Wealth Management

Modern Wealth Management is a registered investment adviser (RIA) reimagining the delivery of financial advice. Co-Founded by former United Capital executives Gary Roth, Mike Capelle and Jason Gordo, Modern Wealth was designed to anticipate the needs of Americans at every stage in life by providing a full suite of wealth management services carried out by a team of experts specializing in financial planning, tax planning and preparation, estate planning and more. Strategically acquiring high-growth RIAs across the country, Modern Wealth plans to establish regional offices in key locations spanning the United States. To learn more about Modern Wealth’s next generation platform and advice delivery model, please email info@modwm.com or visit modwm.com.

Registration with the U.S. Securities and Exchange Commission does not imply a certain level of skill or training. Past performance is not necessarily indicative of future results.

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