First Allied Securities, a Cetera Financial Group Firm, Facilitates Acquisition by Bloomfield Hills Financial of Michael Dallas Retirement Solutions

Top-Ranked Advisory Firm Gains Over $103 Million in Client Assets and Expands into Texas Marketplace

San Diego, Calif. – First Allied Securities (First Allied), an independent firm that is part of Cetera Financial Group®, a leading network of independent broker-dealers, announced today that the largest independent advisory firm whose financial advisors are associated with First Allied, Bloomfield Hills Financial, has completed the acquisition of Michael Dallas Retirement Solutions, an independent financial advisory firm with more than $103 million of client assets, as of April 22, 2016. First Allied assisted in facilitating the transaction in support of Kevin VanDyke, President/Founder of Bloomfield Hills Financial.

Kevin Keefe, President and Chief Executive Officer of First Allied, said, “First Allied is delighted to have helped facilitate this acquisition by Bloomfield Hills Financial. We have dedicated significant resources to helping advisors with their expansion efforts, as well as with succession planning. We are thrilled that Bloomfield Hills has achieved yet another successful acquisition in fulfillment of its growth strategy, while Michael Dallas Retirement Solutions has found an excellent home with Bloomfield Hills and Kevin VanDyke and his team.”

Bloomfield Hills Financial, headquartered in Bloomfield Hills, Michigan, is an independent financial planning and wealth management advisory firm with over $1 billion of client assets as of September 30, 2016. The firm provides customized 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. Founded in 1999 by Kevin VanDyke, Bloomfield Hills Financial now has a team of 30 professionals, including 10 financial advisors, in offices in Bloomfield Hills and Livonia, Michigan; Phoenix, Arizona; San Jose, California; and now in Fort Worth, Texas. This marks the firm’s first expansion into the Texas marketplace. Bloomfield Hills Financial is regularly ranked among the nation’s top independent financial advisory firms by several leading financial publications.

Mr. VanDyke, President and Founder of Bloomfield Hills Financial, said, “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. We are also grateful for the assistance of First Allied, which we have regularly relied upon for its excellent resources and practice management support – including outstanding technology, strong compliance and highly useful training resources –which have been instrumental in enabling us to execute this transaction.”

Based in Fort Worth, Texas, Michael Dallas Retirement Solutions provides holistic financial planning and investment guidance to individuals, executives, and business owners. Focused largely on retirement planning and retirement income solutions, the firm serves a primarily mass-affluent clientele of retirees and pre-retirees located throughout Texas. The firm’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.

About First Allied

Based in San Diego, First Allied serves as the firm of choice for independent financial advisors from across the nation who seek to grow their businesses. Our exclusive business development platform has been expertly constructed to provide entrepreneurial financial advisors with one of the most comprehensive platforms for growth in the industry. First Allied is part of Cetera Financial Group®, a leading network of independent retail broker-dealers.

First Allied Securities, Inc. is a registered broker-dealer, and member FINRA/SIPC. Advisory services are offered through First Allied Advisory Services, Inc., a registered investment adviser. For more information, please visit www.firstallied.com.

About Cetera Financial Group®

Cetera Financial Group ("Cetera") is a leading network of independent retail broker-dealers empowering the delivery of objective financial advice to individuals, families and company retirement plans across the country through trusted financial advisors and financial institutions. Cetera is the second-largest independent financial advisor network in the nation by number of advisors, as well as a leading provider of retail services to the investment programs of banks and credit unions.

Through its multiple distinct firms, Cetera offers independent and institutions-based advisors the benefits of a large, established broker-dealer and registered investment adviser, while serving advisors and institutions in a way that is customized to their needs and aspirations. Advisor support resources offered through Cetera include award-winning wealth management and advisory platforms, comprehensive broker-dealer and registered investment adviser services, practice management support and innovative technology. For more information, visit www.ceterafinancialgroup.com.

* "Cetera Financial Group" refers to the network of retail independent broker-dealers encompassing, among

others, Cetera Advisors, Cetera Advisor Networks, Cetera Financial Institutions, Cetera Financial Specialists,

First Allied Securities, Girard Securities, and Summit Brokerage Services.

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