Procyon Partners Accelerates Growth with Strategic Investment from Constellation Wealth Capital
In a move that signals a significant step forward in its long-term growth strategy, Procyon Partners, a dynamic and rapidly expanding registered investment advisory (RIA) firm, announced today that it has received a strategic minority investment from Constellation Wealth Capital (CWC), a leading alternative asset management platform. The transaction represents more than just a financial partnership; it marks the beginning of a new era for Procyon Partners as it strengthens its foundation to scale operations, enhance advisor capabilities, and extend its national reach.
Founded with a vision to deliver personalized and fiduciary-driven wealth management services, Procyon Partners has steadily built a reputation for excellence, integrity, and a client-first philosophy. Over the years, the firm has attracted a growing base of high-net-worth individuals, families, corporate clients, and institutions seeking customized financial guidance and investment strategies. This strategic partnership with CWC adds fuel to Procyon’s momentum, positioning it for sustained growth while preserving the values that have shaped its success.
A Transformational Milestone
Describing the investment as a “transformative moment,” Phil Fiore, Co-Founder and Chief Executive Officer of Procyon Partners, emphasized the cultural and strategic alignment between the two firms.
“This is a transformative moment for our firm,” Fiore said. “CWC shares our commitment to client-first values, innovation, and long-term partnership. With their support, we’re positioned to accelerate our growth while continuing to deliver the exceptional, independent advice our clients have come to trust.”
Fiore, a seasoned leader in the RIA space, co-founded Procyon with the intention of building a firm that merges deep institutional experience with a boutique-level client experience. The CWC partnership, he explained, is not about changing who Procyon is—it’s about scaling who they’ve always aspired to be.
Strategic Capital for Sustained Expansion
Constellation Wealth Capital’s minority investment brings more than just capital to the table. As part of a select group of capital partners focused on investing in top-tier RIAs, CWC brings a strategic perspective on how to grow effectively in a competitive and consolidating industry.
The funds from the investment will support a number of strategic initiatives, including:
- Scaling Operations: Procyon intends to enhance its operational infrastructure to better support its growing advisor teams and client base.
- Talent Acquisition: The firm is actively looking to attract experienced advisors and operational leaders who align with its fiduciary-first philosophy.
- Geographic Expansion: Procyon plans to open new offices in key markets across the United States, expanding its reach and bringing its services to more clients nationwide.
- Advisor Resources and Technology: With CWC’s backing, the firm will continue investing in advisor tools, data analytics, and technology platforms that enhance the client experience and improve portfolio outcomes.
A Vote of Confidence in Procyon’s Vision
Karl Heckenberg, President and Managing Partner at Constellation Wealth Capital, expressed strong support for Procyon’s leadership, business model, and growth prospects.
“We are excited to support Procyon Partners’ vision and momentum,” said Heckenberg. “Their team has built a compelling, advisor-driven business with a clear growth trajectory. We look forward to partnering with them as they continue to redefine excellence in independent wealth management.”
Heckenberg’s remarks underscore CWC’s strategy of identifying and supporting RIAs that offer distinct value propositions, strong leadership, and long-term growth potential. Procyon’s track record of success, combined with its scalable model and deep commitment to client relationships, made it a natural fit for CWC’s portfolio.
Maintaining Independence and Culture
A key component of the transaction is Procyon’s continued independence. While CWC’s investment provides capital and strategic guidance, the firm will remain majority-owned and independently operated by its partners. This ensures that Procyon’s entrepreneurial culture, fiduciary mission, and client-centric approach remain intact.
“Our clients can rest assured that our core philosophy is unchanged,” Fiore noted. “We remain fully committed to acting as fiduciaries, putting clients’ interests first, and fostering the kind of long-term relationships that have always been at the heart of our business.”
The firm’s back-office operations will continue to be supported by Dynasty Financial Partners, a leading platform that offers technology, operational infrastructure, and investment solutions to independent RIAs. This dual backing—from both Dynasty and now CWC—gives Procyon an enviable position in the marketplace: the agility of an independent firm, with the support of sophisticated partners focused on enabling success.
A Partnership Built on Shared Values
The partnership between Procyon and CWC is rooted in more than financial metrics. At its core is a mutual respect for the role that independent RIAs play in shaping the future of wealth management. Both organizations believe in empowering advisors with the autonomy, tools, and support they need to serve clients with integrity and insight.
This alignment of values was crucial to Procyon’s decision-making process. “We weren’t just looking for an investor—we were looking for a true partner,” Fiore said. “From our earliest conversations, it was clear that CWC understood our business, our goals, and our culture. That made all the difference.”
Advisors to the Transaction
Procyon Partners was advised in the transaction by Houlihan Lokey, a global investment bank known for its expertise in the wealth management sector. In addition, Dynasty Investment Bank, a division of Dynasty Financial Partners, provided transaction support to Procyon’s management team. These partnerships ensured that the deal was structured to meet the firm’s long-term objectives while maintaining alignment with its strategic direction.
Looking Ahead: A New Chapter of Opportunity
As Procyon enters this next phase of growth, its leadership team remains focused on delivering differentiated value to clients while investing in the future of the business. The firm’s roadmap includes continued innovation in financial planning, expanded service offerings for both individual and institutional clients, and a commitment to hiring and nurturing top talent.
“The wealth management landscape is evolving rapidly,” Fiore concluded. “With the support of Constellation Wealth Capital and our continued partnership with Dynasty, we’re well-equipped to navigate the changes and seize the opportunities ahead. Most importantly, we’re doing it in a way that stays true to who we are—and to the clients who put their trust in us.”
With this new infusion of capital, aligned partnerships, and an unwavering focus on client success, Procyon Partners is poised to play a leading role in the next generation of independent wealth management.
