Procyon, a leading independent registered investment advisory firm, has significantly expanded its national presence with the acquisition of OLV Investment Group, adding more than $500 million in client assets and extending its reach into Michigan and Texas. The deal brings Procyon’s total assets under management to nearly $9 billion and increases its headcount to almost 80, including seven new financial advisors and thirteen additional team members. “Our goal has always been to build a firm that delivers comprehensive solutions through a team-based, client-first approach. By joining forces with OLV, we are extending the reach of our platform to new regions and clients with evolving financial needs,” said Phil Fiore, Chief Executive Officer of Procyon.
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OLV’s team is recognized for its planning-led and education-focused advisory style, a cultural alignment noted by OLV CEO Tim Tenneriello, who said, “In Procyon, we’ve found a partner that shares our values and enhances our ability to grow alongside our clients.” The acquisition marks Procyon’s largest to date and reinforces its dual focus on private clients and institutions, strengthening its capabilities across wealth management, tax strategy, estate planning coordination, and retirement and health plan advisory services.
