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.
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.”
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.
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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.
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