Press Releases

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/

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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

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:

 

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

With Addition of Team, $5.5 Billion Procyon Expands Footprint with New Office in Maryland

St. Petersburg, Florida – November 7, 2022 – Procyon announced today that Brian Turner will be joining the firm as a Private Wealth Advisor. He is accompanied by Selena Kemp, Senior Client Service Associate, and Zamena Bridglal, Client Service Associate. They will operate from the new office location in Fulton, Maryland.

Previously, Mr. Turner was a Senior Financial Advisor, Managing Director at Wells Fargo managing $247MM in client assets.

“I knew from the first call I had with Phil that Procyon was a firm that could provide our team and our clients with an extraordinary cultural fit,” said Brian Turner. “Our clients’ needs were leading our search for a better home. With Procyon, and the synthetic scale of Dynasty Financial Partners, we are better equipped to serve our clients.”

Procyon’ new office in Fulton, Maryland will have the same open-concept and design as Procyon’s other offices and will include newly-minted ‘Zoom Rooms’ to provide an option for advisors and staff to hold private conversations or virtual calls in a well-appointed and functional private space.

“This office will allow us to expand the Procyon brand into Maryland in a very coveted location. We look forward to growing our business locally around Brian Turner and his team by attracting clients and other advisors looking to find a better way to serve their clients and build their careers,” commented Phil Fiore, CEO and Co-Founder of Procyon.

Procyon has been growing rapidly in 2022. As recently as October 6th, Procyon announced financial advisor Bob Alimena joined their firm in its Long Island office.

Procyon is a member of the Dynasty Financial Partners’ Network of independent financial advisory firms.

Bios

Brian Turner
Private Wealth Advisor

Brian works with high-net-worth families, business owners, and tax-exempt organizations, helping them identify and honor the purpose of their finances. Brian develops comprehensive wealth management solutions specifically tailored to focus on the goals most important to each client.

With a finely tuned discovery process, Brian guides clients to make timely, educated decisions based on independent analysis and objective advice. He communicates with clarity and continuously monitors and evaluates his clients’ progress.

Brian began his career over fifteen years ago as a financial advisor at UBS Financial Services and later at Wells Fargo Advisors before joining Procyon. Brian was also a founding partner of Gayda Vineyards in southern France. He is a graduate of the American University of Paris and a dual citizen of the US and the UK. He resides in Baltimore, Maryland, with his family. Brian teaches “Yoga for a Cause,” a weekly yoga class that donates all proceeds to charity. He encourages you to consider what your wealth truly is and to experience the joy of giving.

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, and Virginia Beach, the firm manages approximately $5.5B in client assets. On the institutional side, the firm helps companies and organizations design, manage, and enhance their retirement 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://www2.dynastyfinancialpartners.com/e/346821/company-procyonpartners/7hx451/560655519?h=flPAAtEs7-l9gK33ZJgsecArk3E1OG6gXUKbLhbeVcg
Twitter: @ProcyonPartners
Facebook: Facebook.com/ProcyonPartners

About Dynasty Financial Partners

Dynasty is a provider of technology-enabled wealth management solutions and business services for financial advisory firms primarily focused on serving high net worth and ultra-high net worth clients. Dynasty provides access to a comprehensive platform of software and technology tools, business services and holistic investment management capabilities through an open-architecture platform delivered via a suite of proprietary and third-party technologies. Dynasty’s technology, tools and services provide advisory firms the supported independence to launch their business, scale their operations and grow their firms — both organically and inorganically — while also allowing them to be more focused on and better equipped to serve their clients. Dynasty’s platform and offering have won multiple awards in recent years.

For more than a decade, Dynasty has championed the benefits of independent wealth management for high net worth and ultra-high net worth clients and has contributed to the movement of assets from traditional brokerage channels to the independent channels of wealth management. As Dynasty is becoming a recognized industry leader, Dynasty has differentiated itself by developing competitive strengths, including a deep understanding of and strong relationship with its clients, a comprehensive offering of services and technology-enabled solutions, the ability to leverage its size and breadth to invest, the flexibility and seamlessness enabled by a modular technology solution, the entrepreneurial culture and experienced and committed management team. Dynasty is committed to continually growing its business by facilitating existing advisory firm clients’ growth, onboarding new clients, increasing the clients’ use of its broader capabilities, launching additional solutions and carrying out complementary acquisitions.

For more information, please visit www.dynastyfinancialpartners.com.

Also visit Dynasty on social media:
LinkedIn: https://www2.dynastyfinancialpartners.com/e/346821/any-dynasty-financial-partners/7hx454/560655519?h=flPAAtEs7-l9gK33ZJgsecArk3E1OG6gXUKbLhbeVcg
Twitter: @DynastyFP
YouTube: https://www2.dynastyfinancialpartners.com/e/346821/1MKXhC8/7hx457/560655519?h=flPAAtEs7-l9gK33ZJgsecArk3E1OG6gXUKbLhbeVcg

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Securities offered through Purshe Kaplan Sterling Investments, Member FINRA/SIPC, Headquartered at 18 Corporate Woods Blvd., Albany, NY 12211. Purshe Kaplan Sterling Investments and Dynasty Wealth Management, LLC are not affiliated companies.

Disclosure: This e-mail message, including any attachments, from Dynasty Financial Partners LLC (d/b/a Dynasty) or Dynasty Wealth Management LLC, a subsidiary of Dynasty, and registered investment advisor, or one of Dynasty’s affiliated subsidiaries, as indicated herein, is intended only for the individual to whom it is addressed. This e-mail may contain information that is privileged, confidential and exempt from disclosure under applicable law. If you are not the intended recipient (or the agent or employee responsible to deliver it to the intended recipient), you are hereby notified that any disclosure, dissemination, distribution or copying of this communication is strictly prohibited. If you received this e-mail in error, please notify the sender immediately and destroy this e-mail along with any attachments from your system. Thank you. *Dynasty Securities LLC is a limited purpose broker-dealer and functions as a paymaster in order to receive and pay commissions or transaction based revenues to and from third-parties in the following product lines: (a) Broker retailing corporate equity securities; (b) Broker retailing corporate debt securities; (c) Mutual fund retailer; (d) Private placement of securities; (e) Broker selling variable life insurance and annuities; (f) Broker selling interests in unregistered private investments.