Procyon has announced the acquisition of Wooster Corthell Wealth Management, a Connecticut-based advisory firm overseeing about $600m in client assets.
This move increases Procyon’s presence in the northeastern US and brings its total assets under management to approximately $8bn.
The financial terms of the deal were not revealed.
Procyon CEO and co-founder Phil Fiore said: “We are thrilled to welcome the Wooster Corthell team to Procyon. They share our client-first values, commitment to holistic family wealth planning, adherence to fiduciary standards and belief in long-term relationships.
“Together, we are stronger, and we are proud to bring their decades of experience and trusted client relationships into the Procyon family.”
As part of the acquisition, Wooster Corthell’s Glastonbury office will continue its operations with three advisers and five staff members joining Procyon’s workforce.
The combined organisation now includes 56 professionals located across Connecticut, New York City, Long Island, Tennessee, and Maryland specialising in retirement planning and wealth strategies.
Wooster Corthell CEO Matthew Corthell said: “For over 30 years, we have built Wooster Corthell around deep relationships, thoughtful planning, and unwavering independence. In Procyon, we found a partner that not only shares our philosophy but also enhances our ability to serve clients for generations to come.”
Procyon aims to create a national platform that offers comprehensive financial services while prioritising client needs.
Dynasty Investment Bank served as the exclusive financial adviser to Procyon during this transaction. With offices spanning from Connecticut to Tennessee and Maryland, Procyon caters to both private clients and institutional partners designing retirement plans.
Additionally, Constellation Wealth Capital recently acquired a minority interest in Procyon in April 2025 to foster further development while retaining its independent operations supported by Dynasty Financial Partners Network.
