Deals & Recruiting Roundup: Wealth Enhancement, Procyon, NewEdge And More

December 16, 2025 By Thomas Lee

Dynasty Financial Partners network partner firm Procyon Advisors purchases OLV Investment Group, a wealth management firm with about $500 million in assets under management (AUM) and multiple locations in Michigan and Texas. The addition of OLV boosts Procyon’s total AUM to nearly $9 billion and its total headcount to almost 80.

The acquisition, Procyon’s largest to date, expands its physical presence into the Midwest and South, and adds seven advisors and 13 team members. In July, Procyon announced acquired Wooster Corthell Wealth Management, a Glastonbury, Connecticut-based boutique advisory firm managing about $600 million in client assets at the time.

“Our goal has always been to build a firm that delivers comprehensive solutions through a team-based, client-first approach,” said Phil Fiore, CEO of Procyon. “By joining forces with OLV, we are extending the reach of our platform to new regions and clients with evolving financial needs.”