Royal Alliance Associates, Inc. Adds Affiliated Advisors Group
NEW YORK, March 24, 2015 /PRNewswire/ -- Royal Alliance Associates, Inc., a member of AIG Advisor Group, has announced the addition of Affiliated Advisors Group, previously known as First Midwest Securities, Inc. (FMSI).
As a former full-service broker-dealer and a Registered Investment Adviser, Affiliated Advisors Group, headquartered in Bloomington, Illinois, manages approximately $600 million in assets. Moving forward, Affiliated Advisors Group will operate as an OSJ branch within Royal Alliance.
"Affiliated Advisors Group is an outstanding addition to the Royal Alliance family," said Dmitry Goldin, President and CEO of Royal Alliance. "The caliber of the firm's advisors and their unique sense of culture make them an excellent fit."
FMSI was founded in Milwaukee, Wisconsin in 1989. By 1990, FMSI grew as a retail broker-dealer, adding representatives in the Madison, Wisconsin and Chicago, Illinois markets. Upon joining Royal Alliance, FMSI closes its doors as a broker-dealer. The group, now known as Affiliated Advisors Group joins Royal Alliance with a network of 33 advisors throughout the country, with a focus on the California, Illinois, Iowa, Michigan, Minnesota, New York and Wisconsin markets.
"Joining Royal Alliance was an excellent opportunity for our firm," said James Linna, Chairman and Co-Founder of Affiliated Advisors Group. "The resources that their platform can offer our advisors are invaluable. Furthermore, our vision for independent advisors aligned so well that this seemed like a natural next step for our firm."
About Royal Alliance Associates, Inc.
Royal Alliance Associates, Inc. is one of the nation's largest broker-dealers with $53 billion in total client assets and more than 1,900 affiliated independent financial advisors. Founded in 1989 and headquartered in New York City, Royal Alliance employs a client-driven approach focused on meeting the unique demands of businesses and individuals. For more information, visit www.royalalliance.com.
About AIG Advisor Group
The AIG Advisor Group network of independent broker-dealers is among the largest in the United States. The four broker-dealers that comprise AIG Advisor Group – FSC Securities Corporation, Royal Alliance Associates, SagePoint Financial and Woodbury Financial Services – foster the spirit of entrepreneurship and independence that our 5,996 advisors exemplify. For more information, visit www.advisorgroup.com.
Logo - http://photos.prnewswire.com/prnh/20150324/LA62982LOGO
SOURCE Royal Alliance Associates, Inc.
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article