{
  "crd_number": 288239,
  "slug": "procyon-shelton-ct-288239",
  "primary_business_name": "PROCYON",
  "legal_name": "PROCYON ADVISORS, LLC",
  "dbas": [
    "PROCYON PARTNERS",
    "PROCYON TRUST"
  ],
  "city": "Shelton",
  "state": "CT",
  "country": "United States",
  "cbsa_code": "47930",
  "metro": {
    "cbsa_code": "47930",
    "common_name": "Waterbury",
    "msa_name": "Waterbury-Shelton, CT",
    "path": "/advisors/ct/waterbury"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2017-05-26",
  "years_registered": 9,
  "period": "2026-10-01",
  "filing_date": "2026-09-29",
  "carried_forward": false,
  "raum_total": 9204268020.0,
  "raum_discretionary": 3544291066.0,
  "raum_non_discretionary": 5659976954.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 76,
  "advisory_employees": 49,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 574062282.0,
      "count": 2084
    },
    "state_municipal": {
      "raum": 479325180.0,
      "count": 12
    },
    "pension_profit_sharing": {
      "raum": 4912579476.0,
      "count": 156
    },
    "high_net_worth_individuals": {
      "raum": 2844622987.0,
      "count": 691
    },
    "pooled_investment_vehicles": {
      "raum": 43143370.0,
      "count": 2
    },
    "corporations_other_businesses": {
      "raum": 350534725.0,
      "count": 103
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_individuals",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 2,
  "states_registered": [
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "FL",
    "GA",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MT",
    "NC",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OR",
    "PA",
    "RI",
    "SC",
    "TN",
    "TX",
    "UT",
    "VA",
    "VT",
    "WA",
    "WI",
    "WV"
  ],
  "websites": [
    "https://facebook.com/procyonpartners",
    "https://instagram.com/procyon_partners",
    "https://linkedin.com/COMPANY/18096239/ADMIN/UPDATES",
    "https://procyon.net",
    "https://procyonpartners.net",
    "https://twitter.com/PROCYONPARTNERS",
    "https://youtube.com/@ProcyonPartners"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/288239",
  "disclosure_items": [
    {
      "item": "11.E(2)",
      "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?"
    },
    {
      "item": "11.E(4)",
      "question": "Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?"
    }
  ],
  "city_as_filed": "SHELTON",
  "url": "https://advisorcensus.com/firm/procyon-shelton-ct-288239",
  "display_name": "Procyon",
  "summary": "Procyon is an SEC-registered investment advisory firm in Shelton, CT, registered since 2017, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 29, 2026.",
  "citation": "AdvisorCensus. Procyon (CRD 288239): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Procyon compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Procyon reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Procyon charge?",
      "a": "Its Form ADV Part 2A brochure dated July 28, 2026 states: Hourly rate: $450 an hour (Managing Director); Flat fee: $2,500 (Educational Seminar and Workshops). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Procyon located?",
      "a": "Procyon's principal office is in Shelton, CT, according to its Form ADV; the October 2026 filing also lists 7 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Procyon registered with the SEC or a state?",
      "a": "Procyon is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 288239."
    },
    {
      "q": "How much does Procyon manage?",
      "a": "Procyon reports $9,204,268,020 in regulatory assets under management in its Form ADV filing dated September 29, 2026 (39% discretionary)."
    },
    {
      "q": "How have Procyon's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Procyon: Regulatory assets under management: $1,041,391,183 in the October 2021 data and $9,204,268,020 in the October 2026 data, up 784%. Total employees: 17 in October 2021 and 76 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Procyon serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (2,084); high net worth individuals (691); pension and profit sharing plans (but not the plan participants or government pension plans) (156)."
    },
    {
      "q": "Which custodians does Procyon use?",
      "a": "Procyon's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fidelity Brokerage Services LLC and The Vanguard Group, Inc. as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Procyon report any disciplinary disclosures?",
      "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.E(2) (self-regulatory organization's finding of a rule violation) and 11.E(4) (self-regulatory organization's expulsion, suspension, bar, or restriction). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/288239"
    },
    {
      "q": "Does Procyon state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated July 28, 2026 says: \"Procyon does not explicitly impose a minimum size for establishing a client relationship but does tailor its services to meet the needs of high-net-worth Clients.\""
    },
    {
      "q": "What changed in Procyon's recent Form ADV filings?",
      "a": "In the August 2026 filing data: Registered or notice-filed in IA, ID, NE, UT."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 1041391183.0,
      "total_employees": 17,
      "filing_date": "2021-06-14"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 5270000000.0,
      "total_employees": 29,
      "filing_date": "2022-07-11"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 4940000000.0,
      "total_employees": 37,
      "filing_date": "2023-08-04"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 6278719354.0,
      "total_employees": 41,
      "filing_date": "2024-09-12"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 7769672465.0,
      "total_employees": 47,
      "filing_date": "2025-05-22"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 9204268020.0,
      "total_employees": 76,
      "filing_date": "2026-09-29"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-08-01",
      "period_label": "August 2026",
      "notes": [
        "Registered or notice-filed in IA, ID, NE, UT."
      ]
    },
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Item 11 disclosure answers changed: 2 yes answers, previously 3 (now no: 11.D(4)).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Item 11 disclosure answers changed: 3 yes answers, previously 2 (now yes: 11.E(2)).",
        "Employees performing advisory functions went from 34 to 49.",
        "Regulatory assets under management went from $7,769,672,465 to $9,204,268,020 (+18%).",
        "Changed its office addresses in Fulton, MD.",
        "Added an office in Flint, MI.",
        "Added an office in Frisco, TX.",
        "Added an office in Livonia, MI.",
        "Added an office in Saginaw, MI.",
        "No longer lists an office in Glastonbury, CT."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "Registered or notice-filed in AL, IN, KS, MN, MO, MT, NM, NV, WI, WV."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Registered or notice-filed in OR, RI.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated July 28, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Hourly rate: $450 an hour (Managing Director)",
      "Flat fee: $2,500 (Educational Seminar and Workshops)"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "Procyon does not explicitly impose a minimum size for establishing a client relationship but does tailor its services to meet the needs of high-net-worth Clients."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $450 an hour (Managing Director)"
        ],
        "quotes": [
          "The hourly rates are as follows. Managing Director $450 / hr Certified Financial Planners $350 / hr Non-CFP Analysts $250 / hr"
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Flat fee: $2,500 (Educational Seminar and Workshops)"
        ],
        "quotes": [
          "Educational seminars and workshops, are offered on a fixed fee ranging up to $2,500 per engagement."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": 450.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "Managing Director"
        },
        {
          "kind": "flat",
          "amount": 2500.0,
          "min": null,
          "max": null,
          "period": "one_time",
          "service": "Educational Seminar and Workshops"
        }
      ]
    },
    "quotes": [
      "Procyon does not explicitly impose a minimum size for establishing a client relationship but does tailor its services to meet the needs of high-net-worth Clients.",
      "The hourly rates are as follows. Managing Director $450 / hr Certified Financial Planners $350 / hr Non-CFP Analysts $250 / hr",
      "Educational seminars and workshops, are offered on a fixed fee ranging up to $2,500 per engagement."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    },
    {
      "name": "The Vanguard Group, Inc.",
      "name_as_filed": "THE VANGUARD GROUP, INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/procyon-shelton-ct-288239.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 2084,
      "fewer_than_5": false,
      "raum": 574062282.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 691,
      "fewer_than_5": false,
      "raum": 2844622987.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 2,
      "fewer_than_5": false,
      "raum": 43143370.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 156,
      "fewer_than_5": false,
      "raum": 4912579476.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 12,
      "fewer_than_5": false,
      "raum": 479325180.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 103,
      "fewer_than_5": false,
      "raum": 350534725.0
    }
  ],
  "disclosure_line": "Reports 2 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/288239",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}