First Allied Affiliate Acquires $100 Million Texas Advisory Firm
Bloomfield Hills Financial, a financial planning and wealth management advisory firm with more than $1 billion in client assets under management, acquired Michael Dallas Retirement Solutions, a Fort Worth-based financial advisory firm with more than $103 million of client assets.
First Allied Securities, an independent broker-dealer and member of the Cetera Financial Group, assisted in facilitating the transaction. Bloomfield is a First Allied affiliate.
“We welcome the clients and employees of Michael Dallas Retirement Solutions to Bloomfield Hills Financial. Most of Michael Dallas’ clients come to our firm having enjoyed a long-standing, personal relationship with their financial advisor, and we look forward to providing them with that same sense of stability and deep-rooted trust,” said Kevin Vandyke, president and founder of Bloomfield Hills Financial.
Michael Dallas Retirement Solutions provides financial planning and investment guidance to individuals, executives, and business owners. The firm serves a primarily mass-affluent clientele of retirees and pre-retirees located throughout Texas. The company’s three support professionals will stay on as part of the Bloomfield Hills organization, while Michael Dallas, who had previously led the firm, will serve on an interim consulting basis to help facilitate the transition of client accounts over to Bloomfield Hills.
Bloomfield Hills Financial headquartered in Bloomfield Hills, Michigan, provides investment management and asset allocation, retirement planning, insurance, education planning, and estate planning for retirees and pre-retirees, as well as a specialization in serving auto-industry employees.
