Procyon, an independent registered investment advisory firm, has acquired Wooster Corthell Wealth Management, a Connecticut-based firm managing about $600 million in client assets. This deal enhances Procyon’s northeastern presence and increases its total assets under management to around $8 billion.
The Glastonbury office of Wooster Corthell will continue operations, with three advisors and five staff members joining Procyon’s team of 56 professionals across Connecticut, New York City, Long Island, Tennessee, and Maryland.
This deal enhances Procyon’s expertise in retirement planning and customized wealth strategies, enabling them better to assist families with wealth management and life transitions while upholding their client-first values.
Advisor: Dynasty Investment Bank served as the exclusive financial advisor to Procyon on this transaction.
KEY QUOTES:
“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 the utmost fiduciary standards, and belief in the power of building strong, 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.”
“We are continually striving to make our clients’ lives easier by delivering more value in one place including integrated planning, investment management, and tax expertise within a single, trusted platform. This acquisition is another step forward in fulfilling that promise.”
Phil Fiore, CEO and Co-Founder of Procyon
“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.”
Matthew Corthell, CEO of Wooster Corthell Wealth Management
