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Press Releases

16 Dec

Posted at 22:41h in Press Releases by

Procyon Adds Bevin Nealon as Vice President, Strengthening Advisory Team in Connecticut

 

December 16, 2025 By Sally Cates

Seasoned Advisor Brings Nearly 30 Years of Experience in Retirement Strategy and Personalized Wealth Planning

SHELTON, Conn.–(BUSINESS WIRE)–Procyon, a nearly $9-billion independent RIA serving private clients and institutions, today announced that Bevin Nealon has joined the firm as Vice President, Private Wealth Advisor, based in Shelton, Connecticut.

Ms. Nealon brings nearly three decades of experience in comprehensive financial planning and retirement strategy. She joins Procyon from Wells Fargo, where she served as First Vice President, and managed more than $100 million for clients. Before that, she spent 15 years at Merrill Lynch. Ms. Nealon began her career in 1996 in operations at Smith Barney, giving her a comprehensive perspective on client service, operations, and investment advisory.

“We’re excited to welcome Bevin to the Procyon team,” said Phil Fiore, CEO of Procyon. “She brings deep experience in holistic financial advice, especially in retirement planning, and her client-centered approach aligns closely with our firm’s mission to provide highly personalized fiduciary advice.”

Ms. Nealon specializes in building customized financial plans that integrate long-term investment strategy with clients’ evolving retirement needs. Her addition supports Procyon’s continued growth and reflects the firm’s commitment to expanding its talent base to meet increasing demand for comprehensive wealth management services.

“Joining Procyon is a natural next step for me and my clients,” said Ms. Nealon. “This is a team of professionals who share my values- delivering objective, integrated advice tailored to each client’s unique financial journey.”

Ms. Nealon’s appointment marks the latest in a series of growth milestones for Procyon in 2025. Earlier this year, the firm expanded its national presence through the acquisitions of Wooster Corthell Wealth Management in Massachusetts, and the OLV Investment Group in Michigan. The firm also received a strategic minority investment from Constellation Wealth Capital to support ongoing expansion.

“Adding experienced professionals like Bevin is a key part of our strategy,” said Mr. Fiore. “We’re investing in people and partnerships that position Procyon to grow while maintaining the high standards of advice our clients expect.”

Ms. Nealon will be based in Procyon’s Shelton, Conn., office, and serve clients across the Northeast, California and Florida. Her role will focus on deepening client relationships through personalized wealth planning and bespoke portfolio management.

About Procyon

Procyon is a nationally recognized, independent registered investment advisory firm providing fiduciary-focused financial advice to private clients and institutions. Headquartered in Shelton, Connecticut, Procyon also operates offices in New York City, Long Island, Maryland, and now Michigan and Texas. The firm manages nearly $9 billion in client assets and offers an integrated service model that spans wealth management, retirement consulting, and employee benefits.

Procyon is a proud partner within the Dynasty Financial Partners Network of independent wealth management firms.

For more information, visit https://procyon.net

Follow Procyon:

LinkedIn: Procyon

Twitter: @ProcyonPartners

Facebook: facebook.com/ProcyonPartners

 

Contacts

Media Contact
Sally Cates

646-704-4500

08 Dec

Posted at 19:59h in Press Releases by

Procyon Expands National Presence with Addition of OLV Investment Group, Bringing Total Client Assets to Nearly $9 Billion

 

December 8, 2025  By Amiee Watts

PROCYON EXPANDS NATIONAL PRESENCE WITH ADDITION OF OLV INVESTMENT GROUP, BRINGING TOTAL CLIENT ASSETS TO NEARLY $9 BILLION

Acquisition Adds Over $500 Million in Client Assets, New Locations in Michigan and Texas, and Seven Financial Advisors to Procyon’s Growing Platform

Procyon, a leading independent registered investment advisory firm, today announced it has acquired OLV Investment Group, a wealth management firm with multiple locations in Michigan and Texas. The acquisition adds approximately $500 million in assets under management, expands Procyon’s physical presence into the Midwest and South, and strengthens the firm’s client-first service model with the addition of seven new advisors and thirteen additional team members. The addition brings Procyon’s total assets under management to nearly $9 billion and its total headcount to nearly 80.

“Our goal has always been to build a firm that delivers comprehensive solutions through a team-based, client-first approach. By joining forces with OLV, we are extending the reach of our platform to new regions and clients with evolving financial needs. This is about applying what we’ve built to serve a wider audience, without ever losing the personal touch that defines us,” said Phil Fiore, Chief Executive Officer of Procyon.

The acquisition is Procyon’s largest to date and reflects the firm’s long-term objective to broaden access to its integrated wealth management model across the United States. OLV’s advisors and support staff are known for delivering thoughtful financial guidance with an emphasis on planning, transparency, and education.

“We’re proud of the business we’ve built and the trust we’ve earned from clients over the years,” said Tim Tenneriello, CEO of OLV Investment Group. “In Procyon, we’ve found a partner that shares our values and enhances our ability to grow alongside our clients.”

The combined firm will continue delivering tailored financial advice while benefiting from Procyon’s operational scale, technology, and centralized support.

This transaction also strengthens Procyon’s dual commitment to private clients and institutions. The firm provides comprehensive wealth management — spanning investment management, financial planning, tax strategy, estate planning coordination, and business-owner advisory — for individuals and families. On the institutional side, Procyon helps companies design and manage retirement and health plans while educating participants on long-term financial wellness.

About Procyon

Procyon Partners is a nationally recognized, independent registered investment advisory firm providing fiduciary-focused financial advice to private clients and institutions. Headquartered in Shelton, Connecticut, Procyon also operates offices in New York City, Long Island, Maryland, and now Michigan and Texas. The firm manages nearly $9 billion in client assets and offers an integrated service model that spans wealth management, retirement consulting, and employee benefits.

Procyon is a proud partner within the Dynasty Financial Partners Network of independent wealth management firms.

For more information, visit https://procyon.net

Follow Procyon:

LinkedIn: Procyon
Twitter: @ProcyonPartners
Facebook: facebook.com/ProcyonPartners
Procyon Advisors, LLC is a registered investment advisor. Advisory services are only offered to clients or prospective clients where Procyon Advisors and its representatives are properly licensed or exempt from licensure. For additional information, please visit our website at www.procyon.net.

Contacts
Media Contact
Amiee Watts

973-615-1683

 

08 Jul

Posted at 10:33h in Press Releases by

$8-Billion Procyon Expands Northeast Presence with Addition of Wooster Corthell Wealth Management

Acquisition Adds $600 Million In Assets, Deepens National Independent Platform, and Strengthens Procyon’s Capabilities in Multi-Generational Wealth Planning
 

SHELTON, Conn.–(BUSINESS WIRE)– Procyon, a rapidly growing independent registered investment advisory firm, today announced its acquisition of Wooster Corthell Wealth Management, a Connecticut-based boutique advisory managing approximately $600 million in client assets. The strategic acquisition expands Procyon’s northeastern footprint and brings total assets under management to approximately $8 billion.

“We are thrilled to welcome the Wooster Corthell team to Procyon,” said Phil Fiore, CEO and Co-Founder of Procyon. “They share our client-first values, commitment to holistic family wealth planning, adherence to the utmost fiduciary standards and belief in the power of building strong, long-term relationships. Together, we are stronger, and we are proud to bring their decades of experience and trusted client relationships into the Procyon family.”

For Matthew Corthell, CEO of Wooster Corthell Wealth Management, the merger enhances what his firm already does well. “For over 30 years, we have built Wooster Corthell around deep relationships, thoughtful planning, and unwavering independence. In Procyon, we found a partner that not only shares our philosophy but also enhances our ability to serve clients for generations to come.”

Wooster Corthell’s Glastonbury, Conn., office will continue full operations, with three advisors and five staff members joining Procyon’s growing team. The combined organization now encompasses 56 professionals across Connecticut, New York City, Long Island, Tennessee, and Maryland.

The addition of the Wooster Corthell team strengthens and builds upon Procyon’s expertise in retirement planning, customized wealth strategies, and multi-generational advisory services—helping families manage wealth, legacy, and life transitions. It also advances the firm’s plan to create a national platform that delivers institutional-quality services without sacrificing the firm’s client-first values.

“We are continually striving to make our clients’ lives easier by delivering more value in one place including integrated planning, investment management, and tax expertise within a single, trusted platform,” said Mr. Fiore. “This acquisition is another step forward in fulfilling that promise.”

Dynasty Investment Bank served as exclusive financial advisor to Procyon on this transaction.

About Procyon

Procyon is an independent registered investment advisor with a dual focus on retirement plan/participants and private clients. With offices in Connecticut, NYC, Long Island, Tennessee and Maryland, the firm manages about $8 billion in client assets.

As a private wealth advisor, Procyon helps high-net-worth individuals, families and business owners identify and implement effective financial strategies for managing their investments and achieving their family’s financial goals.

On the institutional side, the firm helps companies and organizations design, manage, and enhance their retirement and health plan offerings while also educating plan participants on how to effectively prepare for their retirement.

Procyon operates and is proud to partner within the Dynasty Financial Partners Network of independent wealth-management firms.

For more information, visit https://procyon.net/

Follow Procyon on social media:

Disclosure: Dynasty’s Investment Bank is operated through Dynasty’s wholly owned subsidiary Dynasty Securities LLC (“Dynasty Securities”) is a U.S. registered broker-dealer and member FINRA/SIPC.

 

Contacts

Media Contact
Sally Cates

646-704-4500

 

17 Apr

Posted at 10:00h in Press Releases by

Procyon Partners Receives Strategic Minority Investment from Constellation Wealth Capital

Partnership to Fuel Growth, Expand Talent, and Broaden National Footprint
 

SHELTON, Conn.–(BUSINESS WIRE)– Procyon Partners, a fast-growing registered investment advisory (RIA) firm known for delivering personalized, fiduciary-driven wealth management solutions, today announced that Constellation Wealth Capital (CWC), an alternative asset management platform, has acquired a minority stake in the firm. The strategic investment marks a new chapter of growth and opportunity for Procyon Partners, enabling it to scale operations, attract top-tier talent, and expand its geographic presence.

“This is a transformative moment for our firm,” said Phil Fiore, Procyon Partners CEO and Co-Founder. “CWC shares our commitment to client-first values, innovation, and long-term partnership. With their support, we’re positioned to accelerate our growth while continuing to deliver the exceptional, independent advice our clients have come to trust.”

The minority investment from CWC represents a strong vote of confidence in Procyon Partners’ differentiated model and future potential. The capital and strategic resources provided by CWC will allow Procyon Partners to broaden its capabilities, enhance advisor resources, and open new offices in key markets across the country.

“We are excited to support Procyon Partners’ vision and momentum,” said Karl Heckenberg, President and Managing Partner at Constellation Wealth Capital. “Their team has built a compelling, advisor-driven business with a clear growth trajectory. We look forward to partnering with them as they continue to redefine excellence in independent wealth management.”

Procyon Partners remains independently operated and committed to maintaining its entrepreneurial culture, fiduciary focus, and deep relationships with clients, and is further supported by its back-office partner Dynasty Financial Partners. The partnership with CWC reflects a shared belief in the value of long-term collaboration and innovation in serving the next generation of investors.

Houlihan Lokey served as the investment banking advisor to Procyon Partners for this transaction. Dynasty Investment Bank supported the management team of Procyon Partners on this transaction.

About Procyon Partners

Procyon Partners is an independent registered investment advisor managing over $8.0 billion in client assets, with offices in Connecticut, New York City, Long Island, Tennessee, and Maryland. The firm specializes in institutional retirement consulting and private wealth management, helping clients design, manage, and optimize their financial strategies.

For more information, visit http://www.procyonpartners.net/

Follow Procyon Partners on social media:

About Constellation Wealth Capital

Constellation Wealth Capital (CWC) is an alternative asset management platform dedicated to the wealth management sector. CWC provides flexible, long-term capital solutions, and strategic advisory support to scaled wealth management platforms. CWC leverages its deep industry experience and relationships for the benefit of its partner firms. Learn more at www.ConstellationWealthCapital.com

Contacts

Media Contact
Sally Cates

646-704-4500

Torie von Alt

917-414-4818

11 Mar

Posted at 16:01h in Press Releases by
Proven Investment Duo Brings Risk-Smart Strategies to Fuel Firm’s Next Phase of Growth

SHELTON, Conn.–(BUSINESS WIRE)–Procyon is making a bold move to elevate its investment capabilities with the addition of Massimo Santicchia as Senior Vice President, Head of U.S. Equities, and Katherine Gallagher as Senior Vice President, Senior Portfolio Manager. More than top-tier hires, Santicchia and Gallagher are an investment team that has been developing innovative portfolio strategies and delivering strong results for clients since 2012.

“I look forward to developing innovative equity strategies that drive performance while managing risk in meaningful ways. We’re not just adding talent, we’re adding a team with a track record of success,” said Phil Fiore, CEO and Co-Founder of Procyon. “Massimo and Katherine bring a dynamic partnership that blends deep quantitative expertise with real-world investment acumen. Their experience, expertise, and collaborative approach are primed to take our research and portfolio strategies to higher ground.”

Katherine Gallagher

Katherine Gallagher specializes in multi-asset investing, asset allocation, and manager selection, with 20 years of experience managing ETFs, mutual funds, and proprietary equity strategies. She was named “Manager of the Decade” by PSN Informa four years in a row, most recently in 2024.

“Procyon is positioned to deliver institutional-quality portfolio management to a broader client base,” said Gallagher. “I’m excited to enhance our research capabilities and build sophisticated investment solutions tailored to the specific needs of our clients.”

Massimo Santicchia

Massimo Santicchia has over 30 years of experience in quantitative investing, portfolio construction, and factor-based research. He has developed investment strategies across mutual funds, unit investment trusts (UITs), and separately managed accounts (SMAs) and was recognized by PSN Informa as “Manager of the Decade” for four consecutive years, including 2024.

“Our strong track record across various equity styles reflects our disciplined and systematic investment process developed over more than 20 years of research. These strategies are now available to both Procyon’s advisors and their clients and on several external platforms,” said Santicchia. “I look forward to developing innovative equity strategies that drive performance while managing risk in meaningful ways.”

Procyon is part of the Dynasty Financial Partners Network, leveraging Dynasty’s technology, investment platform, and business solutions to enhance its advisory services.

“Procyon continues to attract top-tier talent, and Massimo and Katherine will be key drivers of the firm’s growth,” said Gordon Ross, Chief Client Officer, Dynasty Financial Partners. “Their expertise strengthens Procyon’s capabilities and deepens the firm’s value to its clients. Procyon has shown a tremendous track record of expanding both geographically, but also expanding the range of services and expertise they provide to clients.”

About Procyon

Procyon is an independent registered investment advisor managing over $8.0 billion in client assets, with offices in Connecticut, New York City, Long Island, Tennessee, and Maryland. The firm specializes in institutional retirement consulting and private wealth management, helping clients design, manage, and optimize their financial strategies.

For more information, visit https://procyon.net/

Follow Procyon on social media:

Contacts

Media Contact
Sally Cates

646-704-4500

 

13 Dec

Posted at 19:08h in Press Releases by

Bold Hire Set to Accelerate Wealth Dynamo’s Growth Across Private-Client and Institutional Verticals

SHELTON, Conn.–(BUSINESS WIRE)–Procyon is pleased to announce the appointment of Rich Franchella as Senior Vice President of Business Development, a newly created role designed to drive the firm’s ongoing expansion. Based in the firm’s office in Fulton, Md., Mr. Franchella will focus on recruiting top-tier firms and advisors in private wealth, institutional consulting, employee benefits, tax, risk management, and other key sectors.

“by connecting top advisors and firms with Procyon’s state-of-the-art platform, fostering long-term relationships that will fuel our shared success.”

“Rich has been a trusted colleague for the better part of my career,” said Mr. Fiore. “His leadership and strategic insight will play an instrumental role in scaling our business and continuing to attract exceptional talent across all our verticals.”

Reporting to Procyon’s Chief Revenue Officer Harry Kirkpatrick, Mr. Franchella will focus on recruiting and attracting new advisors, which aligns with Procyon’s broader strategy of deepening its capabilities and expanding its geographic footprint to support both its wealth-management and institutional clients.

For Mr. Franchella, “Procyon’ rapid growth and commitment to innovation make it an ideal platform for driving meaningful impact and fostering success.” To this momentum, Mr. Franchella adds, he is eager to contribute “by connecting top advisors and firms with Procyon’s state-of-the-art platform, fostering long-term relationships that will fuel our shared success.”

With $7 billion in assets under management, and more than 50 employees in Manhattan, Shelton, Conn., Melville, N.Y., Fulton, Md., and Virginia Beach, Va., Procyon continues to make strides as a leader in the wealth-management space.

Procyonis a member of the Dynasty Network of independent financial advisory firms.

About Procyon

Procyon is an independent registered investment advisor with a dual focus on retirement plan/participants and private clients. With offices in Connecticut, NYC, Long Island, West Palm Beach, Tennessee and Maryland, the firm manages $7 billion in client assets. On the institutional side, the firm helps companies and organizations design, manage, and enhance their retirement and health plan offerings while also educating plan participants on how to effectively prepare for their retirement. As a private wealth advisor, Procyon helps high-net-worth individuals, families and business owners identify and implement effective financial strategies for managing their investments and achieving their financial goals. For more information visit. procyon.net.

Also visit Procyon on social media:
LinkedIn – https://WWW.linkedin.com/company/procyonpartners
Twitter: @ProcyonPartners
Facebook: Facebook.com/ProcyonPartners

Contacts

Media Contact

646-704-4500​​​​​​

17 Jun

Posted at 18:44h in Press Releases by

ST. PETERSBURG, Fla.–(BUSINESS WIRE)–Procyon Benefits announced today the addition of a team with extensive expertise in employee benefits consulting, specifically, health and welfare.

Based in Procyon Benefits’ headquarters in Shelton, CT, the team consists of:

Sean Rabinowitz – President, Procyon Benefits
Melissa Dittrich – Executive Vice President, Procyon Benefits
Jennifer Salafia – Vice President, Procyon Benefits

The team has over 20 years of experience in the employee benefits space, partnering with clients nationwide. Previously with ACBI Insurance, they spent over a decade helping mid to large sized employers reduce employee benefits costs, enhance program offerings, and implement technology and administrative efficiencies.