Acquisition Adds Over $500 Million in Client Assets, New Locations in Michigan and Texas, and Seven Financial Advisors to Procyon’s Growing Platform
SHELTON, Conn.–(BUSINESS WIRE)–Please replace the release with the following corrected version due to multiple revisions.
The updated release reads:
PROCYON EXPANDS NATIONAL PRESENCE WITH ADDITION OF OLV INVESTMENT GROUP, BRINGING TOTAL CLIENT ASSETS TO NEARLY $9 BILLION
Acquisition Adds Over $500 Million in Client Assets, New Locations in Michigan and Texas, and Seven Financial Advisors to Procyon’s Growing Platform
Procyon, a leading independent registered investment advisory firm, today announced it has acquired OLV Investment Group, a wealth management firm with multiple locations in Michigan and Texas. The acquisition adds approximately $500 million in assets under management, expands Procyon’s physical presence into the Midwest and South, and strengthens the firm’s client-first service model with the addition of seven new advisors and thirteen additional team members. The addition brings Procyon’s total assets under management to nearly $9 billion and its total headcount to nearly 80.
“Our goal has always been to build a firm that delivers comprehensive solutions through a team-based, client-first approach. By joining forces with OLV, we are extending the reach of our platform to new regions and clients with evolving financial needs. This is about applying what we’ve built to serve a wider audience, without ever losing the personal touch that defines us,” said Phil Fiore, Chief Executive Officer of Procyon.
The acquisition is Procyon’s largest to date and reflects the firm’s long-term objective to broaden access to its integrated wealth management model across the United States. OLV’s advisors and support staff are known for delivering thoughtful financial guidance with an emphasis on planning, transparency, and education.
“We’re proud of the business we’ve built and the trust we’ve earned from clients over the years,” said Tim Tenneriello, CEO of OLV Investment Group. “In Procyon, we’ve found a partner that shares our values and enhances our ability to grow alongside our clients.”
The combined firm will continue delivering tailored financial advice while benefiting from Procyon’s operational scale, technology, and centralized support.
This transaction also strengthens Procyon’s dual commitment to private clients and institutions. The firm provides comprehensive wealth management — spanning investment management, financial planning, tax strategy, estate planning coordination, and business-owner advisory — for individuals and families. On the institutional side, Procyon helps companies design and manage retirement and health plans while educating participants on long-term financial wellness.
About Procyon
Procyon Partners is a nationally recognized, independent registered investment advisory firm providing fiduciary-focused financial advice to private clients and institutions. Headquartered in Shelton, Connecticut, Procyon also operates offices in New York City, Long Island, Maryland, and now Michigan and Texas. The firm manages nearly $9 billion in client assets and offers an integrated service model that spans wealth management, retirement consulting, and employee benefits.
Procyon is a proud partner within the Dynasty Financial Partners Network of independent wealth management firms.
For more information, visit https://procyon.net
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- LinkedIn: Procyon
- Twitter: @ProcyonPartners
- Facebook: facebook.com/ProcyonPartners
Procyon Advisors, LLC is a registered investment advisor. Advisory services are only offered to clients or prospective clients where Procyon Advisors and its representatives are properly licensed or exempt from licensure. For additional information, please visit our website at www.procyon.net.
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