Procyon Institutional Partners, LLC (Shelton)

Name: Procyon Institutional Partners, LLC
Address: 1 Corporate Drive, Shelton, CT, 06484
Telephone: (203) 920-4080

Procyon Institutional Partners, LLC is a large advisory firm based in Shelton. It manages $1.85 billion of regulatory assets for 45 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Connecticut, Florida, New Jersey, and New York.

Procyon Institutional Partners provides portfolio management for businesses and institutional clients and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Procyon Institutional Partners: assets under management

The assets under management (AUM) of Procyon Institutional Partners, LLC is $1.85 billion. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in investment and business development companies the most. They account for 80% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 20% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Procyon Institutional Partners, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Procyon Institutional Partners serves?

The firm provides services to pension and profit sharing plans and state or municipal government entities. The largest group of clients of Procyon Institutional Partners is pension and profit sharing plans with 40 clients and $1.64 billion of assets under management. Among the 7 most similar advisory firms, Procyon Institutional Partners has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $1.85 billion for 45 clients. None of the firm’s clients are foreign persons or businesses.

Procyon Institutional Partners doesn't advise any private funds.

Careers at Procyon Institutional Partners, LLC

The company employs 9 people that are either part- or full-time employees. 89 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Phil Giuseppe Fiore	Executive managing member and chief executive officer	1 May 2017	Other	2547584
Llc Procyon Partners	Managing member (holding company)	1 May 2017	75% - 100%	82-1597862
Christopher Edwin Foster	Managing member and chief compliance officer	1 Jun 2017	Other	5574029
Jeffrey Hopkins Farrar	Executive managing member and chief operating officer	1 Jun 2017	Other	3062322
Louis Gloria	Managing member	1 Jun 2017	Other	4414579
Thomas Michael Gahan	Managing member	1 Jun 2017	Other	1842818

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Phil Giuseppe Fiore	Managing member	1 Mar 2017	75% - 100%	2547584

Based in Shelton

The principal office where Procyon Institutional Partners, LLC performs its advisory services is located at 1 Corporate Drive, Shelton, CT 06484, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (203) 920-4080. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at procyonpartners.net.