FAQ

A Registered Investment Advisor (RIA) is a firm that provides fiduciary investment advice and is registered with either the SEC or state regulators.

RIAs differ from brokers in that RIAs operate under a fiduciary standard, meaning they have an ongoing requirement to always act in the client’s best interest. Brokers, on the other hand, follow a suitability standard and typically earn commissions for transactions in the products they recommend. The suitability standard requires that an investment be suitable at the time of the investment, but does not include ongoing oversight.

An RIA is typically paid through a percentage of assets under management (AUM). Our fees are designed to be competitive and aligned with the value we provide. To learn more about our pricing and how we can help you achieve your financial goals, please reach out to our team for a personalized consultation.

RIAs can provide a comprehensive range of services, including:

• Investment management
• Financial and retirement planning
• Estate and legacy planning
• Tax-aware investment strategies
• Specialized services for business owners and family offices

Wealth management is a comprehensive service that includes investment management, tax planning, and estate strategies, while financial planning focuses more narrowly on achieving specific financial goals.

Procyon serves affluent individuals and families, business owners, institutions, and retirement plans. Services range from foundational financial planning to comprehensive private wealth and institutional advisory.

You may need a wealth advisor if your financial situation is complex, involves multiple income streams, or requires long-term strategic planning. Procyon serves individuals, families, business owners, employers, retirement plans, nonprofits, foundations, and institutional investors with comprehensive wealth management, tax, and financial planning services.

Procyon is a majority employee-owned boutique registered investment advisor (RIA). Procyon is a proud partner within the Dynasty Financial Partners Network of independent wealth management firms. Fees follow a transparent, tiered AUM-based structure. Please reach out to our team to learn more.

Yes, Procyon is a fiduciary at all times. This means the firm is both legally and ethically required to prioritize client interests above all else.

Choosing a fiduciary financial advisor ensures that your advisor is legally required to act in your best interest, reducing conflicts of interest and increasing transparency.

Procyon stands apart by combining:

• Boutique, personalized service
• Institutional-grade investment strategies
• Independence with no proprietary products or hidden incentives

Clients have access to a robust digital experience, including:

• Secure client portal
• Financial planning software
• Cash flow and budgeting dashboards
• Access to the Procyon Mobile App

Yes, the initial consultation is complimentary and designed to evaluate fit while understanding your financial goals.

You should ask about fiduciary status, fee structure, investment philosophy, experience, and how they personalize financial strategies.

The onboarding process begins with a discovery call, followed by a detailed kickoff meeting. From there, a customized financial plan and portfolio are developed, with ongoing monitoring and quarterly reviews.

Procyon uses a disciplined, institutional approach with access to an in-house investment team that may include:

• Strategic asset allocation
• Multifactor ETFs
• Custom equity and fixed income portfolios
• Tax-loss harvesting
• Alternative investments when appropriate

No, there are no hidden costs. The AUM-based fee covers standard planning and investment management services. Any additional services are clearly discussed and agreed upon in advance.

Procyon advisors include CFP® professionals and accredited experts with experience in both institutional and private wealth management. Our national team holds numerous specialized credentials, including CIMA®, CRPC®, CRPS®, AIF®, CFA®, ChFC®, CPFA®, and AWMA®.

Clients typically receive regular reviews, with advisors available anytime via phone, email, or virtual meetings. From there, a customized financial plan and portfolio are developed, with ongoing monitoring and reviews. Annual in-depth planning sessions are also provided.

Procyon offers in-house planning and collaborates closely with your CPA, attorney, and other professionals. The firm also provides guidance on insurance and risk management strategies.

Procyon always seeks to minimize potential conflicts of interest. Procyon does not earn commissions or sell proprietary products. Compensation is solely based on the agreed AUM fee.

Investment performance is reported against personalized benchmarks and goals, with clear, detailed reports. Advisors are available to answer questions, walk through reports, and assist in planning.

Procyon is registered with the SEC and operates under strict regulatory oversight. Credentials, licenses, and certifications can be verified through public databases.

Procyon maintains a comprehensive compliance program, including internal systems, regular regulatory reviews, and oversight from a dedicated Chief Compliance Officer.

The minimum asset level to work with Procyon depends on the scope of services required. This is typically discussed during the initial consultation to ensure alignment.

Yes, you can often keep your current 401(k) or accounts. Procyon evaluates each situation and advises on whether to maintain, roll over, or restructure assets.

In some cases, Procyon can provide standalone planning services. Availability depends on client needs and engagement structure. Please reach out to set up a complimentary call to discuss our range of standalone services.

If you leave Procyon, you retain access to your financial plan and assets. The transition process is handled smoothly and transparently.

Yes, Procyon actively collaborates with your CPA, attorney, and other advisors to ensure a fully integrated financial strategy.

Procyon carefully manages asset transfers with a focus on minimizing tax impact, using strategies such as tax-loss harvesting and gain deferral where appropriate. Full strategies are discussed collaboratively for the best fit.

Financial advisors use strategies such as tax-loss harvesting, asset location, and retirement planning to help minimize tax liabilities.

Procyon can incorporate private business interests and illiquid assets into your broader financial plan, ensuring they are aligned with your overall strategy.

Procyon continuously monitors tax law changes and proactively adjusts strategies to optimize client outcomes.

Procyon provides advice on various insurance needs, including life, disability, and liability coverage, as part of a comprehensive risk management approach.