RIA strikes: Savant enters Thousand Oaks as Procyon lands in New Jersey

Procyon Partners and Savant Wealth Management have expanded their respective footprints on reverse sides of the US, with Procyon making its debut in New Jersey whereas Savant added a fifth location in California.

Procyon, the Shelton, Connecticut-based registered asset placement advisor (RIA) with practically $10 billion in shopper belongings, mentioned it had purchased Elite Retirement Consultants, a Sparta, New Jersey, wealth supervisor with roughly $415 million in belongings underneath administration.

Meanwhile, Illinois-based Savant mentioned it had sealed a partnership with Cedarstone Advisors, a Thousand Oaks, California, observe overseeing roughly $213 million.

The offers arrive because the broader RIA M&A market exhibits early indicators of cooling after a file first half. Echelon Partners counted 120 announced transactions in the second quarter, marking essentially the most energetic Q2 on file whereas placing a file 500-deal yr in 2026 close by.

But a separate count by Devoe & Company tracked 72 RIA transactions within the third quarter although September 22, which was down 19% from the identical stretch final yr.

Procyon folds a tax observe into its first New Jersey workplace

Aside from planting a stake in New Jersey, Procyon’s acquisition of ERC additionally brings over Dispenziere & Associates, ERC’s affiliated tax and accounting agency.

All 12 staff throughout the 2 companies are shifting to Procyon – which operates throughout the Dynasty Financial Partners community – together with 4 monetary advisors, a shopper service affiliate and the tax employees. The Sparta workplace will keep open.

Salvatore Dispenziere III, ERC’s president and CEO, mentioned the deal offers his crew extra operational help. “This partnership offers our crew entry to superior expertise transport systems and scalable back-office help, so we will keep centered on delivering personalised recommendation whereas providing a fair broader vary of built-in monetary options,” he mentioned.

Phil Fiore, Procyon’s CEO and co-founder, cited tradition because the draw. “We have been drawn to ERC’s established presence, shared fiduciary values, and deep dedication to constructing lasting shopper relationships,” he mentioned.

New Jersey joins a Procyon footprint that already contains workplaces in New York City, Long Island, Maryland, Michigan and Texas.

The agency has been rising its geographic footprint since securing a strategic minority investment from Constellation Wealth Capital last year.

Savant provides a retiree-focused observe in Southern California

Cedarstone was based in 2014 and focuses on complete monetary planning for retirees and households throughout Southern California, Savant mentioned in asserting its newest acquisition this week. 

President Steve Coker, an authorized monetary planner, joins Savant as a member-owner. Senior monetary advisor Carole Meitler, a CPA, and operations supervisor Walter Cifuentes be a part of as staff. All three will preserve serving shoppers from Thousand Oaks.

Brent Brodeski, Savant’s founder and CEO, mentioned the agency targets advisors with an outlined specialty. “Their specialization of serving retirees aligns properly with Savant’s need to search out companies with centered practices,” he mentioned.

Coker mentioned scale was the deciding issue. “As we regarded towards the longer term, it turned clear that partnering with a bigger group would permit us to spend extra time centered on shoppers and fewer time constructing and managing transport systems,” he mentioned.

Fidelity’s most recent report on RIA M&A launched over the summer time ranked Savant as essentially the most energetic purchaser throughout the first half of 2026. A separate tally by Echelon credited Savant with 4 offers totaling $779 million in acquired belongings throughout the second quarter.

Savant now operates practically 75 workplaces in 28 states. As of Sept. 30, it reported roughly $56.6 billion in belongings underneath administration and $2.2 billion in belongings underneath advisement.