NEW YORK--(BUSINESS WIRE)--Dynasty Financial Partners is pleased to announce that newly-formed Procyon Partners has joined the Dynasty Network of Advisory firms.
Based in Shelton, CT, Procyon Partners was launched by Phil Fiore, Jeff Farrar, Lou Gloria, Tom Gahan and Chris Foster. Mr. Fiore was a Senior Vice President of Investments, a Senior Institutional Consultant and a Senior Retirement Plan Consultant at UBS for 7 years. He along with his fellow Founding Partners at Procyon Partners had been partners in the team known as The FDG Group at UBS.
The new firm, which will operate under two separate RIAs to distinguish the Investment Consulting practice from the personal wealth management group, has a combined total of 10 employees. They previously managed, on both a non-discretionary and discretionary basis at their prior firm, over $8 billion in institutional assets and over $400 million in private wealth assets.
Procyon Partners is an independent Registered Investment Advisor (RIA) with a dual focus on retirement plan/participants and private clients. 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 the most effective financial strategies for managing their investments and achieving their financial goals.
“As a team with vast experience in partnering with institutions and high net worth families, we are pleased to launch Procyon Partners,” said Mr. Fiore. “We are positioning our new wealth management firm for future growth, and have formed our firm to better align our services with the ever evolving needs of our clients.”
According to Mr. Farrar, “Our rationale behind the move to independence is simple. What is best for our clients? We are embracing our fiduciary status and our singular goal is to enhance our ability to help clients navigate their financial life and achieve their goals by providing more in-depth solutions.”
Procyon Partners has formed strategic partnerships with some of the leading providers in the industry, including Charles Schwab. Dynasty Financial Partners will provide robust analytics and operational support that will allow the firm to continue delivering objective and personalized service at a high level.
In addition to working with Dynasty’s investment team, Procyon has engaged several institutional research partners including Callan Associates in order to provide broader resources to their clients. Procyon will also use Envestnet’s Retirement Services reporting package for their institutional clients.
“The Procyon Partners team has extraordinary experience in working with institutions and their retirement plans, as well as wealthy families in developing effective financial strategies,” said Shirl Penney, Dynasty’s CEO. “We are excited to welcome Procyon Partners as a Dynasty Network Advisory Firm and we look forward to partnering with them to serve their clients and position their firm for future growth.”
For more information, please also visit www.procyonpartners.net.
About Dynasty Financial Partners
Dynasty Financial Partners develops, sources and integrates management capabilities for some of the industry’s leading independent investment advisor firms. Dynasty’s integrated platform services deliver chassis offers a customized, open-architecture wealth management solutions and technology platform supporting advisors as they protect and seek to grow their clients’ wealth. Dynasty’s core principle is “objectivity without compromise,” and the firm is committed to crafting solutions that allow investment advisors to act as true fiduciaries to their clients.
Dynasty Financial Partners has corporate offices in New York City, Chicago, Coral Gables, Florida and San Francisco. Visit our website for more information: www.dynastyfinancialpartners.com.
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