Press Releases

30 Jun

Posted at 13:43h in Press Releases by

Jerry Sneed, Christopher Sneed and Frank McKiernan join from Baker Tilly Wealth Management.

By Alex Padalka|June 30, 2023

Procyon Partners announced that it has added two financial advisors who will work in the New York and Massachusetts areas.

Jerry Sneed and Frank McKiernan come to Procyon from Baker Tilly Wealth Management, where they managed a total of more $600 million for high-net-worth individuals and families, according to Procyon, part of the Dynasty Financial Partners network.

The advisors had served as executive managing directors and co-heads of Baker Tilly’s wealth division, Procyon said.

Sneed joined the financial services industry in 2009, registering with Metlife Securities in Hingham, Massachusetts, and had stints at Credit Suisse, AXA Advisors and Merrill Lynch before joining Baker Tilly in 2021, according to BrokerCheck.

McKiernan began his industry career in 2014, at Credit Suisse in New York, and worked at Morgan Stanley and Merrill before joining Baker Tilly in 2021, according to his BrokerCheck profile.

They’re joined at Procyon by financial advisor Christopher Sneed and client associates Amanda DiGuiseppe and Emily Demers, according to the firm.

Procyon said that, with the new arrivals, it has added more than $1.5 billion in client assets over the past two years. It now manages about $5 billion in client assets from offices in New York, Connecticut, Maryland, Tennessee, Florida and Virginia, according to the firm.

 

 

Disclosure: This e-mail message, including any attachments, from Dynasty Financial Partners LLC (d/b/a Dynasty) or Dynasty Wealth Management LLC, a subsidiary of Dynasty, and registered investment advisor, or one of Dynasty’s affiliated subsidiaries, as indicated herein, is intended only for the individual to whom it is addressed. This e-mail may contain information that is privileged, confidential and exempt from disclosure under applicable law. If you are not the intended recipient (or the agent or employee responsible to deliver it to the intended recipient), you are hereby notified that any disclosure, dissemination, distribution or copying of this communication is strictly prohibited. If you received this e-mail in error, please notify the sender immediately and destroy this e-mail along with any attachments from your system. Thank you. *Dynasty Securities LLC is a limited purpose broker-dealer and functions as a paymaster in order to receive and pay commissions or transaction based revenues to and from third-parties in the following product lines: (a) Broker retailing corporate equity securities; (b) Broker retailing corporate debt securities; (c) Mutual fund retailer; (d) Private placement of securities; (e) Broker selling variable life insurance and annuities; (f) Broker selling interests in unregistered private investments.

28 Jun

Posted at 14:21h in Press Releases by

The team of advisors joining the group used to run more than $600 million of client money.

Procyon Partners announced yesterday that advisors Frank J McKiernan and Jerry R Sneed have joined the firm, each as a senior private wealth advisor.

Together, they previously managed over $600 million in assets for high net worth individuals and families at Baker Tilly Wealth Management. The team will work in the New York and Massachusetts areas. Procyon works with Dynasty Financial Partners.

The business is headquartered in Connecticut with offices in New York City, Long Island, Maryland, Tennessee, West Palm Beach, and Virginia Beach. The firm manages more than $5 billion in client assets.

Besides McKiernan and Sneed, the following team members will join Procyon:

—  Christopher Sneed, financial advisor;
—  Amanda DiGuiseppe, client service associate; and
—  Emily Demers, client service associate.

Procyon Partners has added a number of advisors to its ranks, starting with the recruitment of the Pivotal Planning Group in May 2021.

27 Jun

Posted at 17:47h in Press Releases by

Frank McKiernan and Jerry Sneed are joining Procyon, a Dynasty Financial network firm, from Baker Tilly Wealth Management.

June 27, 2023 By Bruce Kelly

Procyon Partners, with almost $5 billion in assets, said Tuesday said it had added two financial advisors, Frank McKiernan and Jerry Sneed, who managed $600 million in client assets. 

McKiernan and Sneed are joining Connecticut-based Procyon as senior vice presidents and senior private wealth advisors.

Both had been registered as both brokers and investment advisors at Baker Tilly Wealth Management since 2021, according to their BrokerCheck profiles, and before that at Merrill Lynch. They will work in the New York and Massachusetts areas.

In addition to McKiernan and Sneed, the following people will also be joining Procyon: financial advisor Christopher Sneed and Amanda DiGuiseppe and Emily Demers, both client service associates. 

Procyon is a Dynasty Financial Partners network firm.

Related Topics: Dynasty Financial, Procyon Partners

27 Jun

Posted at 17:44h in Press Releases by

The advisory team, which will work out of New York City, is led by Frank McKiernan and Jerry Sneed.

BY SAM BOJARSKI

A Dynasty Financial Partners-backed RIA in Connecticut has picked up a five-person advisory team from Baker Tilly.

The team, led by Frank McKiernan and Jerry Sneed, managed over $600m in assets and joins Shelton-based Procyon Partners, according to Dynasty. Both advisors will assume the title of senior vice president and private wealth advisor at Procyon.

They are joined by Jerry’s son, advisor Christopher Sneed, along with two client service associates: Amanda DiGuiseppe and Emily Demers.

‘I focus mostly on the high net worth to ultra-high net worth space,’ McKiernan told Citywire. ‘Most are private company CEOs, serial entrepreneurs or families with significant generational wealth.’

The team, which left Baker Tilly Wealth Management last week, started on Monday, McKiernan said. A $3.9bn RIA, Baker Tilly Wealth Management is controlled by the accounting firm Baker Tilly US, according to regulatory disclosures.

‘We got a real window into what it meant to be fully independent in the quasi-independence world,’ McKiernan said. ‘The move is something we thought was best for the client-advisor experience.’

McKiernan and Jerry Sneed helped lead the Baker Tilly advisory practice as executive managing directors, according to the company’s website.

They both registered with Baker Tilly in 2021, after working for about two years at broker-dealer Merrill Lynch.

The advisors will have a path to equity in Procyon, said Phil Fiore, chief executive of the $4.9bn RIA. They will work out of the firm’s New York City office, he added, joining Procyon managing director Jim Jeffery.

‘It’s a young team, and what’s great is we have some young partners already,’ Fiore said. ‘I see the next generation of Procyon being built right before our eyes.’

Procyon, which is majority-owned by its employees, joined middle- and back-office service provider Dynasty in 2017. In the first ever merger of Dynasty RIAs, Procyon merged with New York-based Pivotal Planning Group in 2021.

Since then, Procyon has added five advisory teams, including the recent team from Baker Tilly, according to Dynasty.

Baker Tilly did not respond to a request for comment.

Disclosure: This e-mail message, including any attachments, from Dynasty Financial Partners LLC (d/b/a Dynasty) or Dynasty Wealth Management LLC, a subsidiary of Dynasty, and registered investment advisor, or one of Dynasty’s affiliated subsidiaries, as indicated herein, is intended only for the individual to whom it is addressed. This e-mail may contain information that is privileged, confidential and exempt from disclosure under applicable law. If you are not the intended recipient (or the agent or employee responsible to deliver it to the intended recipient), you are hereby notified that any disclosure, dissemination, distribution or copying of this communication is strictly prohibited. If you received this e-mail in error, please notify the sender immediately and destroy this e-mail along with any attachments from your system. Thank you. *Dynasty Securities LLC is a limited purpose broker-dealer and functions as a paymaster in order to receive and pay commissions or transaction based revenues to and from third-parties in the following product lines: (a) Broker retailing corporate equity securities; (b) Broker retailing corporate debt securities; (c) Mutual fund retailer; (d) Private placement of securities; (e) Broker selling variable life insurance and annuities; (f) Broker selling interests in unregistered private investments.

 

27 Jun

Posted at 14:14h in Press Releases by

Procyon Partners’ New Addition Marks More than $1.5 Billion in Acquired New Client Assets in Just Two Years

ST. PETERSBURG, Fla.–(BUSINESS WIRE)–Procyon Partners announced today that senior advisors Frank J. McKiernan and Jerry R. Sneed, CFA ®, CAIA, have joined the firm, each as Senior Vice President, Senior Private Wealth Advisor. Together, they previously managed over $600 million in assets for high-net-worth individuals and families at Baker Tilly Wealth Management. The team will work in the New York and Massachusetts areas.

“Phil and the Procyon team have built an extraordinary business on values and principles that we share wholeheartedly, and that support our long-held commitment to provide the gold standard for client experience.”

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Procyon Partners is headquartered in Connecticut with offices in New York City, Long Island, Maryland, Tennessee, West Palm Beach, and Virginia Beach. The firm manages more than $5 billion in client assets.

In addition to Mr. McKiernan and Mr. Sneed, the following team members will also be joining Procyon:

  • Christopher Sneed, Financial Advisor
  • Amanda DiGuiseppe, Client Service Associate
  • Emily Demers, Client Service Associate

Prior to joining Procyon Partners, Mr. McKiernan and Mr. Sneed were Executive Managing Directors and Co-Heads of the Wealth Division at Baker Tilly Wealth Management.

“Frank and I share an intense dedication to our business as we immerse ourselves in our clients’ objectives — and we go above and beyond to assist them in achieving success,” said Jerry Sneed. “Phil Fiore and the Procyon team embrace this passion and demonstrate the same unwavering focus.”

Procyon Partners’ state-of-the-art in-house capabilities and its partnership with Dynasty “provide our clients a powerful boutique advisory experience,” said Mr. McKiernan. “Phil and the Procyon team have built an extraordinary business on values and principles that we share wholeheartedly, and that support our long-held commitment to provide the gold standard for client experience.”

This announcement comes after two years of impressive recruitment for Procyon Partners beginning with the addition of the Pivotal Planning Group in May of 2021. Since then, the firm has added the following advisors:

  • Daniel Limmer, June 2021
  • Zoltan Pongracz, November 2021
  • Bob Alimena, October 2022
  • Brian Turner, November 2022

“We work hard to integrate seasoned financial advisors like Frank and Jerry — next-gen professionals who are at the top of their game, excited about their work, and passionate about further growth and accomplishment,” said Procyon Partners CEO, Phil Fiore. “Getting them to the next level is everything to us, and the tangible support we offer our advisors — including a planning team, analysts, traders, marketing and business development support, and access to our other Business Verticals such as Procyon Benefits, Procyon Tax, Procyon Risk and Procyon Trust — means our advisors can focus on building deeper relationships with their clients and making the most of the referrals that come from providing this high level and holistic service.”

Bios

Frank McKiernan
Senior Vice President, Senior Private Wealth Advisor
Frank is a Senior Vice President, Senior Private Wealth Advisor at Procyon Partners. He manages an advisory practice serving a select group of high-net-worth individuals and families throughout the country. He operates as an outsourced family office for clients offering institutional asset management, trust and estate planning services, personal wealth and business advisory, and other family office functions. Frank is often engaged to help families with pre- and post-transaction planning considerations.

Prior to joining Procyon Partners, Frank was a Principal at Baker Tilly US, LLP and Co-Head of Baker Tilly Wealth Management, a Registered Independent Advisor (RIA). In this capacity, he worked directly with ultra-high-net-worth families and family offices on private wealth and legacy planning strategies.

Earlier in his career, Frank was a Vice President and Senior Wealth Advisor at Merrill Lynch, serving high-net-worth individuals and their families. Before Merrill Lynch, Frank was a cross-asset strategist for a private wealth management team at Morgan Stanley and Credit Suisse in New York. Frank started his career as an analyst at Markit, covering buy-side institutional clients in the OTC derivative industry.

Jerry Sneed, CFA ®, CAIA
Senior Vice President, Senior Private Wealth Advisor
Jerry is a highly accomplished Senior Vice President and Senior Private Wealth Advisor at Procyon Partners, where he specializes in managing an exclusive clientele consisting of ultra-high-net-worth and high-net-worth individuals and families across the United States. His expertise lies in implementing an innovative and comprehensive approach via an outsourced family office model.

With his extensive knowledge of capital markets and risk management, Jerry adeptly guides his clients through the complexities of the financial markets. Prior to joining Procyon, he served as a Principal at Baker Tilly US, LLP, and was the Co-head of Baker Tilly Wealth Management, a Registered Investment Advisor (RIA). Before his tenure at Baker Tilly, Jerry held the position of Vice President and Wealth Advisor at Merrill Lynch.

Jerry’s professional background extends to his experience as the Chief Investment Officer (CIO) of a family office, where he assessed and advised on various investment opportunities, including real estate, venture capital, and private placements. Additionally, he served as the Director of Business Development for a payments company in the Midwest, where he actively participated in financial and operational due diligence for potential mergers and acquisitions within the payments industry. Early in his career, Jerry was the lead Cross-Asset Strategist and Senior Trader at the Private Bank of Credit Suisse in New York.

CFA ® – Chartered Financial Analyst ®

The CFA Charter is a globally recognized designation that attests to success in a rigorous and comprehensive study program in the investment management and research industry and a commitment to ethical conduct. As CFA Charterholders, we are held to a standard of loyalty, prudence, and care in all our interactions with our clients and must act for the benefit of our clients and place our clients’ interests above our own. We are bound to comply with any legally required fiduciary duty.

Chartered Alternative Investment Analyst CAIA®

The CAIA® designation is an investment related credential awarded by the CAIA Association to individuals who meet its experience and educational requirements, and successfully complete the two-tiered CAIA curriculum. Eligible candidates are required to have either four years of professional work experience or, alternatively, at least one year of professional work experience in conjunction with a U.S. bachelor’s degree (or equivalent). Designees must also pass Levels I and II of the CAIA examination, which addresses issues, such as due diligence, portfolio management and monitoring, and risk management.

About Procyon Partners

Procyon Partners is an independent registered investment advisor with a dual focus on retirement plan/participants and private clients. With offices in Connecticut, NYC, Long Island, Maryland, Tennessee, West Palm Beach, and Virginia Beach, the firm manages approximately $5B in client assets. On the institutional side, the firm helps companies and organizations design, manage, and enhance their retirement plan offerings while also educating plan participants on how to effectively prepare for their retirement. As a private wealth advisor, Procyon helps high-net-worth individuals, families and business owners identify and implement effective financial strategies for managing their investments and achieving their financial goals. For more information visit. www.procyonpartners.net.

Also visit Procyon Partners on social media:
LinkedIn – https://WWW.linkedin.com/company/procyonpartners
Twitter: @ProcyonPartners
Facebook: Facebook.com/ProcyonPartners

About Dynasty

Dynasty is a provider of technology-enabled wealth management solutions and business services for financial advisory firms primarily focused on serving high net worth and ultra-high net worth clients. Dynasty provides access to a comprehensive platform of software and technology tools, business services and holistic investment management capabilities through an open-architecture platform delivered via a suite of proprietary and third-party technologies. Dynasty’s technology, tools and services provide advisory firms the supported independence to launch their business, scale their operations and grow their firms — both organically and inorganically — while also allowing them to be more focused on and better equipped to serve their clients.

For more than a decade, Dynasty has championed the benefits of independent wealth management for high net worth and ultra-high net worth clients and has contributed to the movement of assets from traditional brokerage channels to the independent channels of wealth management. As Dynasty is becoming a recognized industry leader, Dynasty has differentiated itself by developing competitive strengths, including a deep understanding of and strong relationship with its clients, a comprehensive offering of services and technology-enabled solutions, the ability to leverage its size and breadth to invest, the flexibility and seamlessness enabled by a modular technology solution, the entrepreneurial culture and experienced and committed management team. Dynasty is committed to continually growing its business by facilitating existing advisory firm clients’ growth, onboarding new clients, increasing the clients’ use of its broader capabilities, launching additional solutions and carrying out complementary acquisitions.

For more information, please visit www.dynastyfinancialpartners.com.

Also visit Dynasty on social media:
LinkedIn: https://www.linkedin.com/company/dynasty-financial-partners
Twitter: @DynastyFP
YouTube: http://bit.ly/1MKXhC8​

Contacts

Media Contact
Sally Cates

646-704-4500

09 Nov

Posted at 21:31h in Press Releases by

With Addition of Team, $5.5 Billion Procyon Partners Expands Footprint with New Office in Maryland

St. Petersburg, Florida – November 7, 2022 – Procyon Partners announced today that Brian Turner will be joining the firm as a Private Wealth Advisor. He is accompanied by Selena Kemp, Senior Client Service Associate, and Zamena Bridglal, Client Service Associate. They will operate from the new office location in Fulton, Maryland.

Previously, Mr. Turner was a Senior Financial Advisor, Managing Director at Wells Fargo managing $247MM in client assets.

“I knew from the first call I had with Phil that Procyon was a firm that could provide our team and our clients with an extraordinary cultural fit,” said Brian Turner. “Our clients’ needs were leading our search for a better home. With Procyon, and the synthetic scale of Dynasty Financial Partners, we are better equipped to serve our clients.”

Procyon Partners’ new office in Fulton, Maryland will have the same open-concept and design as Procyon’s other offices and will include newly-minted ‘Zoom Rooms’ to provide an option for advisors and staff to hold private conversations or virtual calls in a well-appointed and functional private space.

“This office will allow us to expand the Procyon brand into Maryland in a very coveted location. We look forward to growing our business locally around Brian Turner and his team by attracting clients and other advisors looking to find a better way to serve their clients and build their careers,” commented Phil Fiore, CEO and Co-Founder of Procyon Partners.

Procyon Partners has been growing rapidly in 2022. As recently as October 6th, Procyon announced financial advisor Bob Alimena joined their firm in its Long Island office.

Procyon Partners is a member of the Dynasty Financial Partners’ Network of independent financial advisory firms.

Bios

Brian Turner
Private Wealth Advisor

Brian works with high-net-worth families, business owners, and tax-exempt organizations, helping them identify and honor the purpose of their finances. Brian develops comprehensive wealth management solutions specifically tailored to focus on the goals most important to each client.

With a finely tuned discovery process, Brian guides clients to make timely, educated decisions based on independent analysis and objective advice. He communicates with clarity and continuously monitors and evaluates his clients’ progress.

Brian began his career over fifteen years ago as a financial advisor at UBS Financial Services and later at Wells Fargo Advisors before joining Procyon Partners. Brian was also a founding partner of Gayda Vineyards in southern France. He is a graduate of the American University of Paris and a dual citizen of the US and the UK. He resides in Baltimore, Maryland, with his family. Brian teaches “Yoga for a Cause,” a weekly yoga class that donates all proceeds to charity. He encourages you to consider what your wealth truly is and to experience the joy of giving.

About Procyon Partners

Procyon Partners is an independent registered investment advisor with a dual focus on retirement plan/participants and private clients. With offices in Connecticut, NYC, Long Island, West Palm Beach, and Virginia Beach, the firm manages approximately $5.5B in client assets. On the institutional side, the firm helps companies and organizations design, manage, and enhance their retirement plan offerings while also educating plan participants on how to effectively prepare for their retirement. As a private wealth advisor, Procyon helps high-net-worth individuals, families and business owners identify and implement effective financial strategies for managing their investments and achieving their financial goals.

For more information visit. www.procyonpartners.net.

Also visit Procyon Partners on social media:
LinkedIn – https://www2.dynastyfinancialpartners.com/e/346821/company-procyonpartners/7hx451/560655519?h=flPAAtEs7-l9gK33ZJgsecArk3E1OG6gXUKbLhbeVcg
Twitter: @ProcyonPartners
Facebook: Facebook.com/ProcyonPartners

About Dynasty Financial Partners

Dynasty is a provider of technology-enabled wealth management solutions and business services for financial advisory firms primarily focused on serving high net worth and ultra-high net worth clients. Dynasty provides access to a comprehensive platform of software and technology tools, business services and holistic investment management capabilities through an open-architecture platform delivered via a suite of proprietary and third-party technologies. Dynasty’s technology, tools and services provide advisory firms the supported independence to launch their business, scale their operations and grow their firms — both organically and inorganically — while also allowing them to be more focused on and better equipped to serve their clients. Dynasty’s platform and offering have won multiple awards in recent years.

For more than a decade, Dynasty has championed the benefits of independent wealth management for high net worth and ultra-high net worth clients and has contributed to the movement of assets from traditional brokerage channels to the independent channels of wealth management. As Dynasty is becoming a recognized industry leader, Dynasty has differentiated itself by developing competitive strengths, including a deep understanding of and strong relationship with its clients, a comprehensive offering of services and technology-enabled solutions, the ability to leverage its size and breadth to invest, the flexibility and seamlessness enabled by a modular technology solution, the entrepreneurial culture and experienced and committed management team. Dynasty is committed to continually growing its business by facilitating existing advisory firm clients’ growth, onboarding new clients, increasing the clients’ use of its broader capabilities, launching additional solutions and carrying out complementary acquisitions.

For more information, please visit www.dynastyfinancialpartners.com.

Also visit Dynasty on social media:
LinkedIn: https://www2.dynastyfinancialpartners.com/e/346821/any-dynasty-financial-partners/7hx454/560655519?h=flPAAtEs7-l9gK33ZJgsecArk3E1OG6gXUKbLhbeVcg
Twitter: @DynastyFP
YouTube: https://www2.dynastyfinancialpartners.com/e/346821/1MKXhC8/7hx457/560655519?h=flPAAtEs7-l9gK33ZJgsecArk3E1OG6gXUKbLhbeVcg

Disclosure: This e-mail message, including any attachments, from Dynasty Financial Partners LLC (d/b/a Dynasty) or Dynasty Wealth Management LLC, a subsidiary of Dynasty, and registered investment advisor, or one of Dynasty’s affiliated subsidiaries, as indicated herein, is intended only for the individual to whom it is addressed. This e-mail may contain information that is privileged, confidential and exempt from disclosure under applicable law. If you are not the intended recipient (or the agent or employee responsible to deliver it to the intended recipient), you are hereby notified that any disclosure, dissemination, distribution or copying of this communication is strictly prohibited. If you received this e-mail in error, please notify the sender immediately and destroy this e-mail along with any attachments from your system. Thank you. Unsubscribe

Securities offered through Purshe Kaplan Sterling Investments, Member FINRA/SIPC, Headquartered at 18 Corporate Woods Blvd., Albany, NY 12211. Purshe Kaplan Sterling Investments and Dynasty Wealth Management, LLC are not affiliated companies.

Disclosure: This e-mail message, including any attachments, from Dynasty Financial Partners LLC (d/b/a Dynasty) or Dynasty Wealth Management LLC, a subsidiary of Dynasty, and registered investment advisor, or one of Dynasty’s affiliated subsidiaries, as indicated herein, is intended only for the individual to whom it is addressed. This e-mail may contain information that is privileged, confidential and exempt from disclosure under applicable law. If you are not the intended recipient (or the agent or employee responsible to deliver it to the intended recipient), you are hereby notified that any disclosure, dissemination, distribution or copying of this communication is strictly prohibited. If you received this e-mail in error, please notify the sender immediately and destroy this e-mail along with any attachments from your system. Thank you. *Dynasty Securities LLC is a limited purpose broker-dealer and functions as a paymaster in order to receive and pay commissions or transaction based revenues to and from third-parties in the following product lines: (a) Broker retailing corporate equity securities; (b) Broker retailing corporate debt securities; (c) Mutual fund retailer; (d) Private placement of securities; (e) Broker selling variable life insurance and annuities; (f) Broker selling interests in unregistered private investments.