Constellation Wealth Capital invests in RIA Procyon Partners to boost growth and client services.
From Yahoo Finance: 2025-04-21 07:23:00
Constellation Wealth Capital (CWC) has acquired a minority stake in RIA Procyon Partners, aiming to boost growth and operational capabilities. Procyon manages $8bn in assets and focuses on retirement consulting and wealth management. With CWC’s support, Procyon plans to expand its reach and enhance client services while maintaining independence.
Procyon Partners CEO Phil Fiore expressed excitement about the partnership with CWC, highlighting shared values and commitment to client-first approaches. The investment from CWC will enable Procyon to enhance advisor support, widen capabilities, and establish new offices in key US markets. The firm will continue operating independently, focusing on fiduciary duties and client relationships.
Constellation Wealth Capital president Karl Heckenberg praised Procyon’s advisor-driven business model and growth trajectory. The partnership aims to redefine excellence in independent wealth management, leveraging CWC’s resources and support. Houlihan Lokey and Dynasty Investment Bank played key roles in facilitating the transaction for Procyon Partners.
In a similar move, Virginia-based RIA Bogart Wealth received a minority investment from Constellation in January to enhance client services, technology, hiring, and marketing efforts. Constellation’s investments in Procyon Partners and Bogart Wealth reflect its commitment to supporting independent wealth management firms to thrive and innovate.
Read more at Yahoo Finance: Constellation invests in Connecticut RIA Procyon Partners