Procyon Partners Acquires $600M Wooster Corthell Wealth Management 

Connecticut-based registered investment advisor Procyon Partners has acquired a financial advisory firm, which manages $600 million in client assets, to bolster its presence in the Northeast region. 

Glastonbury, CT-based Wooster Corthell Wealth Management, founded in 1992, is led by president and CEO Matthew William Corthell, and is joined by wealth advisors Rick Baran and Prasad Oak, and is supported by trading and relationship associate Daniela Cerasani, COO Katherine Kelly, office manager Devon Bresnahan, and client service associate Makayla Francis. 

Wooster Corthell Wealth specializes in financial planning, investment management, estate planning, retirement planning, executive compensation, college planning, and insurance for families, individuals, pre-retirees, and business owners, Procyon said. 

“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,” Phil Fiore, CEO and co-founder of Procyon, said. “This acquisition is another step forward in fulfilling that promise.” 

Procyon’s latest addition marks the firm’s 14th acquisition, a company spokesperson said to Connect Money. 

In April, private equity shop Constellation Wealth Capital made a minority investment in Procyon, in an effort to scale operations, enhance its financial advisor resources, and expand its geographic presence. 

Procyon Partners, backed by Dynasty Financial Partners, oversees approximately $7.7 billion in client assets for 5,638 accounts, according to its latest Form ADV, filed in May.