Procyon acquires $500m Michigan RIA

December 8, 2025  By Alec Rich

Connecticut RIA Procyon revealed one of its largest deals to date on Monday, as the firm continues to scale up since selling a stake to Constellation Wealth Capital (CWC) earlier this year.

Procyon’s deal brings aboard OLV Investment Group, a Flint, Mich.-based RIA overseeing roughly $500m in client assets.

‘By joining forces with OLV, we are extending the reach of our platform to new regions and clients with evolving financial needs,’ Procyon chief executive Phil Fiore stated. ‘This is about applying what we’ve built to serve a wider audience, without ever losing the personal touch that defines us.’

Dynasty-Backed Procyon Acquires $500M OLV Investment Group

December 8, 2025  By Diana Britton

Procyon Partners, a registered investment advisor based in Shelton, Conn., that is part of the Dynasty Financial Partners network, has acquired OLV Investment Group, a wealth management firm with over $500 million in client assets and locations in Michigan and Texas.

The deal brings Procyon’s total assets under management to nearly $9 billion and total headcount to nearly 80. The addition also expands Procyon’s presence into the Midwest and South, bringing on seven new advisors and 13 team members. 

What Makes an RIA Attractive to Acquirers? There’s No Simple Answer.

November 10, 2025  By Harris Baltch

Phil Fiore, CEO, Procyon: What I look for, most important, is an acquisition target that believes that we, as a collective, are better together. If they believe a deal is just about them making us better, or just about us making them better, then that would be a significant cultural disconnect.

They need to eliminate the “this is our team” approach. At Procyon we have a “one team one dream” approach and we don’t have silos. So, adapting to that philosophy is a major component of any deal.

Benefits Think Why more employers are embracing total benefits consulting

October 29, 2025  By Sean Rabinowitz Thomas Gahan

As the lines between  financial wellness and physical well-being continue to blur in today’s workplace, employers are rethinking how they deliver employee benefits. The result is a growing shift toward the total benefits consulting (TBC) model, an approach that unites all aspects of benefits strategy under one integrated advisory team.

Growth-Minded FAs Look Beyond AUM to Divvy Up Clients

October 7, 2025  By  Sam Del Rowe

Financial advisors have traditionally relied on clients’ asset amounts to determine service levels, but some are considering other factors, such as complexity and profession, to create their all-important client tiers. Client segmentation is a key practice of advisors who grow sustainably regardless of market conditions, according to a study from LPL Financial.

Top tips for young financial advisors

July 30, 2025 by Suleman Din and Bernice Napach

Take the uphill challenge of building a book of business from scratch.

You’ve leveraged your network of friends and family, and now you’re stretching to cut through the noise of everyday digital distractions to impress prospects. You’re in an advisory firm trying to learn from the same seasoned professionals you’re hoping to impress. You’re also gaining hands-on experience in the industry’s complexity and learning how to comply with its regulatory requirements.

Looking back on their beginnings in the business, several advisors say that young professionals can build a successful practice with less pain by honing their communication skills, pursuing continuous education, cultivating a solid network, and prioritizing integrity.

They’ve shared their top tips with Action! Magazine to help young financial advisors establish themselves as credible, reliable and knowledgeable professionals ready to guide clients through their financial journeys confidently and clearly.