Connecticut-based RIA Procyon has expanded in its home market with the purchase of Wooster Corthell Wealth Management.
Financial terms of the transaction remain undisclosed.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Wooster Corthell manages around $600m in client assets.
The addition of this Connecticut RIA increases Procyon’s total assets under management to around $8bn.
Procyon co-founder and CEO 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 the utmost fiduciary standards and belief in the power of building strong, long-term relationships.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData“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.”
Wooster Corthell’s Glastonbury, Connecticut office will maintain full operations, with three advisors and five staff members moving to Procyon.
The combined business has 56 professionals in Connecticut, New York City, Long Island, Tennessee, and Maryland.
The acquisition builds on Procyon’s expertise in retirement planning, customised wealth strategies, and multi-generational advisory services, supporting families in managing wealth, legacy, and life transitions.
It also aligns with Procyon’s strategy to build a national platform delivering institutional-quality services while preserving its “client-first” values.
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.”
The deal follows Constellation Wealth Capital’s minority investment in Procyon.
