Procyon grows into $9.2 billion wealth manager under Phil Fiore

7 articles · Updated · Barron's · May 1

The Shelton, Connecticut firm says it now has 83 employees and 10 offices after launching in 2017 with eight people and a couple of billion dollars.
Fiore said Procyon expanded by building benefits, tax, insurance, trust and family-business M&A services, completing 16 transactions and adding institutional infrastructure as the business grew.
He also urged advisers to adopt AI now for efficiency, backed alternatives in defined-contribution plans through managed portfolios, and predicted top RIAs will add more family-office-style lifestyle services.

As AI automates wealth advice, can firms still deliver the personalized trust that clients truly value?

When advisors manage everything from M&A to elder care, what are their new legal and ethical boundaries?