Procyon Partners, an independent financial management firm headquartered in Shelton, Conn., and affiliate of Dynasty Financial Partners in St. Petersburg, Fla., has hired veteran financial advisor Steven Mitchell as a managing director, the company announced today in a news release.
Mitchell will join financial advisor Jim Jeffrey at Procyon's New York City offices.
Mitchell has 30 years of experience, most recently as a managing director of wealth management at UBS, where he worked since 2008 and advised on over $2 billion in client assets.
Prior to his hire, Procyon reported managing a total of $3 billion in assets under advisement.
Mitchell, who earned a bachelor’s degree in economics from Syracuse University’s Maxwell School of Citizenship and Public Affairs, focuses on providing investment advice for ultra-high-net-worth families on both their private and institutional assets. His specialties include retirement, financial planning, and lending capabilities of all types and structures.
In the press release, Mitchell discussed his reason for joining breakaway RIA Procyon, which Dynasty helped launch as an independent in June 2017.
“Joining Procyon will enable me to advise my clients on more opportunities than ever before because of the overall platform [Dynasty provides],” Mitchell said. “I am so excited for this next chapter in my career with Procyon and the Dynasty network. I have always been intrigued with being an independent advisor and believe Procyon gives me the best opportunity to add that ultimate value for my clients.”
Procyon CEO Phil Fiore, who worked with Mitchell at UBS, said in the news release that Mitchell would add value to Procyon as well.
“At Procyon, we pride ourselves on hiring very talented people who can add value to the services and resources we provide to clients—not expanding for the sake of expansion,” Fiore said. “Steve is a perfect example of that. He brings a wealth management and lending expertise that will expand the services and resources (of) Procyon’s Private Wealth group.”
A spokesperson for Dynasty said that under terms of Mitchell’s hire, Fidelity Institutional Services, based in New York City, will provide custody services for client assets Mitchell brings with him to Procyon.
