The series of zirconium(IV) and hafnium(IV) phthalocyanine complexes [PcM(FcCOCHCOR)2] (Pc = phthalocyaninato; M = Zr; R = CF3 (1), CH3 (2), C6H5 (3), Fc ((C5H5)Fe(C5H4), 4), as well as M = Hf ; R = CF3 (5), CH3 (6), C6H5 (7), and Fc (8)) were synthesized. A single-crystal X-ray diffraction analysis of the structure of [PcHf(FcCOCHCOC6H5)2], 7 (Z = 2, space group P1), showed the two axial β-diketonato ligands were orientated in such a way that the ferrocenyl groups were positioned diagonally opposite each other. From the structural determination of 7 it was clear that these complexes have a distorted D4h symmetry at the coordination site of the metal centers, which explains a splitting of the UV-vis Q band into Qx and Qy components with 3 ≤ Δλ(max,Q) ≤ 10 nm. Cyclic and square wave voltammetric studies in CH2Cl2/[N((n)Bu)4][B(C6F5)4] allowed observation of at least three phthalocyaninato macrocycle-based redox couples as well as all (i.e., two or four) well-resolved ferrocenyl couples in 1-8. For M = Zr and R = Fc, formal reduction potentials of the four ferrocenyl groups were found to be E°' = 296, 386, 538, and 687 mV versus free ferrocene. Spectroelectrochemical evidence, UV-vis Q-band maximum wavelengths, and HOMO-LUMO energy gaps as expressed by ΔE°'I-III = ΔE°'wave I - ΔE°'wave III were mutually consistent, indicating that the first phthalocyaninato ring-based oxidation occurs before ferrocenyl oxidations take place. The potential for each redox process was found to be dependent on the sum of β-diketonato R-group group electronegativities, ΣχR. Mathematical relationships for the dependency of E°' on ΣχR for all four observed ring-based redox processes as well as for the ferrocenyl-based redox processes were determined. This allowed prediction of potentials for redox processes that fall outside the workable potential window of the solvent. No significant differences were found between the corresponding redox potentials of zirconium and hafnium analogues bearing the same axial ligands.