Royal Alliance Associates, a member of AIG Advisor Group, has recently acquired Affiliated Advisors Group.

Headquartered in Bloomington, Ill., Affiliated Advisors Group is a full-service broker-dealer with 33 advisors that manages approximately $600 million in assets.

The group operated as First Midwest Securities prior to the acquisition. Terms of the deal were not disclosed.

On joining Royal Alliance, Affiliated Advisors Group chairman and co-founder James Linna said in a statement that the resources Royal Alliance’s platform can offer its advisors and the vision and culture of the firms aligned well.

Royal Alliance Associates is one of four broker-dealers that comprise AIG Advisor Group. The firm supports more than 1,900 affiliated independent financial advisors and approximately $53 billion in client assets.