Procyon acquires OLV to expand presence in US

US-based registered concern advisory (RIA) steadfast Procyon Partners has acquired OLV Investment Group to grow its footprint into the Midwest and South.

OLV is simply a wealthiness absorption steadfast operating from aggregate locations successful Michigan and Texas.

The acquisition of OLV adds much than $500m successful assets nether absorption (AUM), bringing Procyon’s full AUM to astir $9bn.

It besides includes the modulation of 7 fiscal advisers and 13 squad members from OLV, expanding the RIA firm’s workforce to astir 80 employees.

This transaction supports Procyon’s strategy to grow the scope of its wealthiness absorption level crossed the US.

Procyon CEO Phil Fiore said: “Our extremity has ever been to physique a steadfast that delivers broad solutions done a team-based, client-first approach.

“By joining forces with OLV, we are extending the scope of our level to caller regions and clients with evolving fiscal needs.

“This is astir applying what we’ve built to service a wider audience, without ever losing the idiosyncratic interaction that defines us.”

Procyon offers services including fiscal planning, concern management, taxation strategy, property readying coordination, and advisory enactment for concern owners.

For organization clients, the steadfast assists with the plan and absorption of status and wellness plans, arsenic good arsenic subordinate acquisition connected fiscal matters.

The combined steadfast volition proceed to present fiscal proposal tailored to clients’ needs, leveraging Procyon’s operational resources, technology, and centralised support.

Also, the summation of OLV aligns with its semipermanent nonsubjective to widen its wealthiness absorption services to a broader lawsuit basal crossed the country.

In July this year, Procyon expanded successful its location marketplace with the acquisition of Wooster Corthell Wealth Management, which manages astir $600m successful lawsuit assets.

"Procyon acquires OLV to grow beingness successful US" was primitively created and published by Private Banker International, a GlobalData owned brand.

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