On September 4, 2025, Modern Wealth Management announced an asset purchase agreement relating to the business of Public Safety Financial/Galloway.
Modern Wealth Management (“Modern Wealth”) announced, on September 4, 2025, an asset purchase agreement relating to the business of Public Safety Financial/Galloway (“PSF/Galloway”). The acquisition of PSF/Galloway will launch the Public Safety Financial division of Modern Wealth, which will serve first responders, public service workers, and their families. Further terms of the transaction were not disclosed.
Modern Wealth, based in Monterey, California, is a registered investment advisor specializing in financial, estate and tax planning services. Modern Wealth has approximately $10 billion in assets under management.
PSF/Galloway, based in Mesa, Arizona, is a registered investment advisor offering financial wellness training, investment planning, and retirement services including expertise in deferred retirement option plans and survivor assistance for first responder and public safety households. PSF/Galloway has approximately $1.1 billion in assets under management.
Gladstone Associates advised Modern Wealth and PSF/Galloway on the transaction.
To read the press release: please click here.