RIA Channel Continues to Attract FAs

RIA Channel Continues to Attract FAs

The past six months saw the RIA channel gain the most net new advisors, though wirehouse breakaways were most likely to take a half-step to hybrid models, according to the new data from AdvizorPro.

Constellation invests in Connecticut RIA Procyon Partners

Alternative asset management platform Constellation Wealth Capital (CWC) has purchased a minority stake in Connecticut-based RIA Procyon Partners. This investment is expected to facilitate growth and operational scaling for Procyon Partners, allowing the firm to recruit professionals and extend its reach into new markets. Procyon Partners currently manages over $8bn in client assets and has offices in Connecticut, New York City, Long Island, Ten…