The deal, when closed, will add approximately $415 million in assets under management.

Procyon, an RIA, announced today that it has acquired Elite Retirement Consultants, a wealth management firm based in Sparta, New Jersey. 

The transaction also brings ERC's affiliated tax and accounting practice, Dispenziere & Associates, into the Procyon platform, pairing D&A's tax expertise with Procyon's wealth management capabilities.

At closing, the acquisition added about $415 million in assets under management and established Procyon's first location in New Jersey. All 12 ERC and D&A team members, including four financial advisors, one client service associate, and the firm's tax staff, will join Procyon, with the Sparta office remaining open. The transaction closed on October 1, 2026. The financial terms were not disclosed.

"We were drawn to ERC's established presence, shared fiduciary values, and deep commitment to building lasting client relationships," Phil Fiore, CEO and co-founder of Procyon, said. 

ERC’s tax and accounting expertise “naturally complement our integrated wealth management platform,” he continued. 

Headquartered in Shelton, Connecticut, Procyon also has offices in New York City, Long Island, Maryland, Michigan, Texas and now New Jersey. It manages nearly $10 billion in client assets and is a partner within the Dynasty Financial Partners Network of independent wealth management firms.