Procyon Companions, a registered funding advisor based mostly in Shelton, Conn., with about $7 billion in consumer property, has employed Wealthy Franchella as senior vice chairman of enterprise growth. Franchella beforehand served as an advisor recruiter at Baird.
Procyon, a part of the Dynasty Monetary Companions community, created the brand new place because it ramps up recruiting high advisors in personal wealth, institutional consulting, worker advantages, tax and threat administration. Franchella will report back to Procyon Chief Income Officer Harry Kirkpatrick and be based mostly within the agency’s Fulton, Md. workplace.
“Wealthy has been a trusted colleague for the higher a part of my profession,” Procyon co-founder and CEO Phil Fiore mentioned in an announcement. “His management and strategic perception will play an instrumental position in scaling our enterprise and persevering with to draw distinctive expertise throughout all our verticals.”
Previous to becoming a member of Baird, he was a nationwide gross sales supervisor at Wedbush Securities. He additionally spent 9 years at Morgan Stanley, operating the agency’s central jap Pennsylvania Complicated.
Procyon Companions was based in 2017 by Fiore with the help of Dynasty. Fiore beforehand constructed one of the vital distinguished institutional consulting teams at Merrill Lynch after which UBS earlier than going impartial. And whereas a lot of the RIA’s $7 billion enterprise is now personal wealth, the institutional DNA nonetheless runs by it.
The RIA has greater than 50 staff throughout its places of work in Manhattan, Shelton, Conn., Melville, N.Y., Fulton, Md., and Virginia Seaside, Va.
