Latest news with #ElevationPoint
Yahoo
06-05-2025
- Business
- Yahoo
Elevation Point Secures Strategic Minority Investment from Emigrant Partners
Capital Infusion and Credit Facility to Accelerate Expansion While Preserving Independence and Culture MINNEAPOLIS, May 6, 2025 /PRNewswire/ -- Elevation Point, a strategic growth partner and minority investor supporting independent advisors and breakaway teams, today announced it has received a strategic minority investment from Emigrant Partners, a leading capital and advisory partner to the wealth and asset management industry. As part of the partnership, Emigrant has established a significant senior debt facility to further fuel Elevation Point's expansion. Emigrant Partners Logo "We're thrilled to partner with Emigrant Partners, a trusted name in minority investing and part of one of the most respected family-owned institutions in the world of wealth management," said Jim Dickson, Founding Partner and CEO of Elevation Point. "Liz Nesvold, a longtime friend and trusted advisor whose leadership and industry acumen inspire tremendous confidence, led our collaboration with the Emigrant team, marking the beginning of a long-term relationship as we enter our next phase of growth." The partnership will enable Elevation Point to broaden its suite of services for high-net-worth and ultra-high-net-worth clients, enhance family office capabilities, and accelerate its onboarding of advisory teams. Financial terms were not disclosed. "Elevation Point's expertise and mission align with our commitment to providing our partner firms with the support and tools they need to achieve their goals for growth and succession," said Liz Nesvold, Chair of Emigrant Partners. "Like us, Jim and the team at Elevation Point understand and appreciate the entrepreneurial mindset, and together, we can help independent advisors take their businesses to the next level." Emigrant Partners is a specialist capital and advice partner with an 18-year track record for making minority, non-voting investments into leading wealth management businesses. It is one of the cornerstone units within Emigrant Bank and Milstein Companies, a fourth-generation, family-owned operating entity. Milstein Companies owns or has invested in some of the most elite businesses and brands in wealth solutions, banking, trust, real estate, private markets, specialty finance, and professional sports industries. "As we got to know Jim and the Elevation Point team, we were struck by how aligned their model was with ours—empowering advisors to achieve independence and scale without compromising standards and control," said Jenny Souza, CEO and President of Emigrant Partners. "They're a diversifying addition to our network, increasing our exposure to breakaway teams, a channel we believe will benefit from our combined strategic advisory and capital resources."
Yahoo
25-02-2025
- Business
- Yahoo
Elevation Point Announces Strategic Stake in Triton Wealth, Building on Strong Start to 2025 with More Deals Ahead
Latest Deal Highlighting Elevation Point's Transparent Minority Stake Partnership Model Comes Weeks After Firm's Strategic Investment in Michigan-based Stonebrook Private MINNEAPOLIS, Feb. 25, 2025 /PRNewswire/ -- Elevation Point, a growth accelerator and minority stake partner for independent advisors and breakaway firms, announced today that it has made a strategic investment in Triton Wealth, a Registered Investment Adviser (RIA) based in Aitkin, Minnesota. Triton Wealth serves business owners, successful professionals, and retirees ranging from high-net-worth to mass affluent clients. "Triton Wealth's steadfast commitment to a fiduciary, client-first standard of care and to building deep, lasting, generational relationships, coupled with its mission to support, educate, and guide, aligns closely with the core values we emphasize at Elevation Point—partnership, enhancing the client experience, and elevating the industry," said Jim Dickson, founding partner and CEO of Elevation Point. "This partnership highlights the continued momentum of our minority stake partnership model, which is designed to align interests and provide tailored support for firms seeking growth." Founded by Michael J. Ryan, AIF® and Wesley T. Hoppe, AIF®, Triton Wealth, with over $225 million in assets under management (AUM), specializes in designing custom strategies for retirement planning, investment and risk management, business succession, and wealth transfer, to help clients achieve financial confidence in retirement and beyond. "Triton Wealth is an ideal partner for Elevation Point, and we're confident they will play a key role in strengthening our presence in Minnesota," said Brad Smithy, founding partner and head of wealth management at Elevation Point. "We look forward to working closely with Michael, Wesley, and the team as they continue to serve their clients and expand their business." "After evaluating multiple partnership options, Elevation Point stood out for its minority stake partnership model designed to align interests and enhance the client experience," added Michael J. Ryan, AIF®, founding partner and wealth advisor at Triton Wealth. "We believe their advanced technology, comprehensive resources, and industry expertise can help us accelerate our growth—while better serving and adding value for our clients." This deal announcement follows closely on the heels of Elevation Point's first deal of 2025—a strategic minority stake in Stonebrook Private, a fee-only, fiduciary advisory firm based in Northville, Michigan, with over $750 million in AUM. Schedule a growth consultation with Elevation Point at About Elevation PointElevation Point is a wealth management firm focused on bringing together industry-leading independent advisors through minority stake partnerships with RIAs and breakaway advisors transitioning to independence. Elevation Point Wealth Partners, LLC, an SEC-registered investment adviser and a wholly owned subsidiary of Elevation Point, LLC, is a core component of our commitment to delivering dynamic OCIO solutions, personalized playbooks, and customized full-spectrum support to advisors. Distinguishing ourselves as accelerators in a landscape of aggregators, we're powering a nationwide community of emerging industry leaders, overseeing more than $3.4 billion in assets under management. With a focus on advisor values and evolving client needs, our mission is clear: to elevate the entire industry to higher ground. For more information, please visit and for the latest updates, follow Elevation Point on LinkedIn. Disclosures:As of September 30, 2024, Elevation Point, LLC, through its wholly owned subsidiaries, Elevation Point Wealth Partners, LLC, and Princeton Fund Advisors, LLC, reported managing $2,594,997,974 and $883,807,051 in assets under management (AUM), respectively, for a combined total of $3,478,805,025. Additionally, Triton Wealth reported $226,268,606.55 in AUM as of February 12, 2025, based on custodian records from the following sources: Schwab – $146,847,482.25(as of 2/12/25) T. Rowe Price – $59,771,427.38 (as of 12/31/24) Principal – $10,365,748.76 (as of 12/31/24) Stonebridge – $4,457,676.30 (as of 12/31/24) Lincoln Financial Group – $1,348,830.83 (as of 1/17/25) American Funds – $2,319,152.33 (as of 1/10/25) Aspire 403(b) – $767,006.30 (as of 1/22/25) Jackson – $391,282.40 (as of 1/27/25) All AUM figures for Elevation Point, LLC, and Triton Wealth are derived exclusively from custodian records as of the dates listed above. These figures are subject to market fluctuations, account closures, and other adjustments. The AUM figures have not been independently audited or verified. Media ContactMelinda BrodbeckJConnellyElevationPoint@ 973-865-5454 View original content to download multimedia: SOURCE Elevation Point Sign in to access your portfolio
