Procyon Private Wealth Partners, LLC is a large advisory firm based in Shelton. It manages $390 million of regulatory assets for 874 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Connecticut, Florida, and 5 other states.
Procyon Private Wealth Partners provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Procyon Private Wealth Partners, LLC is $390 million. The firm's AUM has grown by 86% since the beginning of its operation, and $2.6 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Procyon Private Wealth Partners, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Procyon Private Wealth Partners is high net worth individuals with 70 clients and $211 million of assets under management. Among the 8 most similar advisory firms, Procyon Private Wealth Partners has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $267 million for 224 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Procyon Private Wealth Partners doesn't advise any private funds.
The company employs 14 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 10 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where Procyon Private Wealth Partners, LLC performs its advisory services is located at 1 Corporate Drive, Shelton, CT 06484, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (203) 920-4080. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at procyonpartners.net.