Procyon Partners Buys Wooster Corthell Wealth Management

Procyon Partners Expands Northeast Reach with Acquisition of Wooster Corthell Wealth Management

Connecticut-based Procyon Partners announced its latest strategic acquisition, bringing Wooster corthell Wealth Management into its growing network. This move is set to considerably bolster Procyon’s presence in the crucial Northeast region.

Wooster Corthell Wealth management, founded in 1992 and based in Glastonbury, Connecticut, manages approximately $600 million in client assets. The firm is led by President and CEO matthew William Corthell.

Joining Corthell in this transition are wealth advisors Rick baran and Prasad Oak. They will be supported by a dedicated team including trading and relationship associate Daniela Cerasani, COO Katherine Kelly, office manager Devon Bresnahan, and client service associate Makayla Francis.

Wooster Corthell Wealth offers a thorough suite of services. These include financial planning, investment management, estate planning, retirement planning, executive compensation, collage planning, and insurance solutions tailored for families, individuals, pre-retirees, and business owners.

Phil Fiore, CEO and co-founder of Procyon Partners, highlighted the strategic importance of the acquisition. “We are continually striving to make our clients’ lives easier by delivering more value in one place,” Fiore stated. “This acquisition is another step forward in fulfilling that promise.”

This acquisition marks Procyon Partners’ 14th since its inception. the firm’s growth strategy is further supported by a recent minority investment from Constellation Wealth Capital in April. This investment aims to scale operations, enhance advisor resources, and expand geographic reach.

Procyon Partners, backed by Dynasty Financial Partners, currently oversees approximately $7.7 billion in client assets across 5,638 accounts, according to its latest filings.

What are your thoughts on this expansion? Share your insights or questions in the comments below!

How does this acquisition align wiht procyon Partners’ overall growth strategy in the Midwest?

Procyon Partners Buys Wooster Corthell Wealth Management: Expanding Financial Services in the Midwest

deal Overview & Strategic Implications

On July 10, 2025, Procyon Partners, a leading wealth management firm, announced the acquisition of Wooster Corthell Wealth Management, a respected financial advisory practice based in Ohio. This strategic move signals Procyon Partners’ continued expansion within the Midwest and strengthens its commitment to providing thorough financial planning and investment management services. The terms of the deal were not disclosed. This acquisition is poised to benefit both firms, leveraging Wooster Corthell’s established client base and local expertise with Procyon partners’ broader resources and sophisticated investment strategies. Key areas of focus for the integration will include wealth planning, retirement services, and investment portfolio management.

understanding the firms Involved

Procyon Partners: Known for its client-centric approach and independent advice, Procyon Partners caters to high-net-worth individuals, families, and institutions.They offer a wide range of services, including:

Financial Planning

Investment Management

Retirement Planning

Estate Planning

Tax Optimization Strategies

Wooster Corthell Wealth Management: A well-established firm serving clients in the Wooster, Ohio area for several decades, Wooster Corthell built its reputation on personalized service and a deep understanding of its clients’ financial goals. Their core competencies included:

Retirement Income planning

Investment Advice

Insurance Solutions

Estate Planning Basics

Benefits of the Acquisition for Clients

The merger is expected to deliver several key benefits to clients of both firms. These include:

Expanded Service Offerings: Wooster Corthell clients will gain access to Procyon Partners’ broader suite of financial services, including more advanced investment strategies and specialized planning areas like tax-efficient investing.

Enhanced Technology & Resources: Procyon Partners’ robust technology platform and research capabilities will enhance the client experience and provide more sophisticated portfolio analysis.

Continuity of Service: Procyon Partners has emphasized its commitment to maintaining the personalized service that Wooster Corthell clients have come to expect. The existing Wooster Corthell team will remain in place, ensuring a smooth transition.

Greater Financial Stability: Being part of a larger, well-capitalized firm like Procyon Partners provides increased financial stability and long-term security for clients.

Impact on the Wealth Management Landscape

This acquisition is part of a broader trend of consolidation within the wealth management industry. several factors are driving this trend:

increasing Regulatory Complexity: The financial services industry is facing increasing regulatory scrutiny, making it more challenging for smaller firms to remain compliant.

Technological Advancements: Investing in new technology requires significant capital, favoring larger firms with greater resources.

demand for comprehensive Services: Clients are increasingly seeking comprehensive financial planning solutions, which require a broader range of expertise than many smaller firms can provide.

Succession Planning: Many independent financial advisors are nearing retirement age and seeking a succession plan for their businesses.

Key Considerations for Clients During the Transition

While the acquisition is expected to be seamless, clients should be aware of a few key considerations:

1. Communication: Stay informed about the integration process through regular updates from both firms.
2. Account Access: Confirm any changes to account access or online portals.
3. Fee Structures: Understand if there will be any changes to fee structures as a result of the acquisition.
4. Relationship Management: Maintain open communication with your financial advisor to address any questions or concerns.

Procyon Partners’ Growth Strategy

the acquisition of Wooster Corthell Wealth Management aligns with Procyon Partners’ broader growth strategy,which focuses on:

Geographic Expansion: Expanding its presence in key Midwest markets.

Strategic acquisitions: Acquiring firms that complement its existing service offerings and client base.

Organic Growth: Attracting new clients through referrals and marketing initiatives.

Talent Acquisition: Recruiting and retaining top financial professionals.

Related Search Terms & Keywords

Wealth Management Acquisition

Financial Advisor Merger

Procyon Partners

wooster Corthell

Financial Planning Ohio

Investment Management Midwest

Wealth Management Firms

Financial Advisor Ohio

Retirement planning Services

Financial Services Consolidation

RIA Acquisition (Registered Investment Advisor)

* Wealth Management industry Trends