Modern Wealth Management has announced the acquisition of Public Safety Financial/Galloway (PSF/Galloway), a Mesa, Arizona-based RIA managing $1.1 billion in assets. This deal not only expands Modern Wealth’s footprint into the Southwest but also marks the formal launch of Public Safety Financial, a new division dedicated to serving the unique financial needs of police officers, firefighters, government employees, military veterans, and their families.
Founded in 2006 by Mike Galloway, a Marine Corps veteran and former police lieutenant, PSF/Galloway has built a reputation for delivering highly specialized financial guidance to public safety professionals. The firm’s expertise spans pension systems, retirement plans like 457(b) and 401(a), Deferred Retirement Option Plans (DROPs), survivor benefits, and broader investment and retirement planning. With more than 3,000 households served across over 100 police and fire departments, PSF/Galloway has become a trusted resource for first responders navigating complex financial decisions throughout their careers.
The acquisition brings PSF/Galloway’s 42-member team into the Modern Wealth fold, many of whom have firsthand experience in public service. This shared background has shaped the firm’s culture and approach, allowing advisors to connect with clients on a deeper level and offer guidance that reflects the realities of life in uniform. From pension optimization to survivor assistance, the team has consistently delivered education and support through more than 250 webinars and seminars each year, helping first responders make informed decisions about their financial futures.
Now part of Modern Wealth, PSF/Galloway will gain access to a broader suite of services, including tax planning and preparation, estate planning, and investment management, all supported by a robust national platform. The firm will also benefit from Modern Wealth’s Organic Growth Hub, a strategic initiative designed to accelerate advisor success through lead generation, client onboarding, marketing, and technology support.
With Phoenix now serving as Modern Wealth’s most extensive employee base and second growth hub—joining the original in Kansas City—the firm is positioned to deepen its engagement with the first-responder community and scale its impact nationwide.
This acquisition is the latest in a series of strategic moves that have propelled Modern Wealth past $10 billion in assets under management in just over two years since its founding. PSF/Galloway is the fifth acquisition of 2025 and the 18th overall, following recent additions on the West Coast, including Kaye Capital Management, Planned Asset Management, and Wade Financial. Each transaction has been carefully selected to align with Modern Wealth’s mission of delivering comprehensive, client-first financial services while building a national network of advisors equipped to meet the evolving needs of today’s investors.
Advisor: Derek Bruton of Gladstone Associates advised on the transaction between Modern Wealth and PSF/Galloway.
KEY QUOTES:
“Our philosophy has always been to ‘commit to serving others,’ and we’re honored to serve first responders. By combining our services with Modern Wealth’s national scale, we can expand our mission to serve public safety families nationwide.”
Mike Galloway, who now joins Modern Wealth as Managing Director of the Public Safety Financial Division
“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. 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.”
Jason Gordo, Co‑founder and President of Modern Wealth
