Elevation Point Makes Strategic Investment in Wealth Management
Elevation Point Invests in Family Office Partners for Growth
Elevation Point, known for its commitment to accelerating independent advisors and breakaway firms, has recently announced a significant strategic investment in Family Office Partners. This newly formed independent wealth management firm specializes in serving high-net-worth clients across various sectors. The partnership is a testament to Elevation Point's growth partnership model, which aims to empower financial advisors with the resources they need to thrive.
Introducing Family Office Partners
Founded by a distinguished team of private wealth advisors, Family Office Partners is designed to meet the changing needs of clients who require personalized wealth management solutions. With a focus on ultra-high-net-worth families and entrepreneurs, the firm aims to provide holistic services that range from investment management to business transaction support. The founding team includes Benjamin T. Domingue, Shawna S. Prejean, and Travis D. Frayard, who collectively bring over 60 years of industry experience to the table.
Core Competencies of Family Office Partners
The team at Family Office Partners excels in navigating the complexities of private company ownership and multigenerational wealth stewardship. Their offerings include investment management and advanced family office services such as exit planning, corporate liquidity strategies, tax efficiency solutions, philanthropic guidance, and family governance. This array of services highlights their commitment to providing comprehensive support tailored to each family’s unique situation.
Elevation Point’s Support for Financial Advisors
Jim Dickson, the CEO and founding partner of Elevation Point, expressed enthusiasm for the partnership, stating, "This team has built deep trust with some of the most sophisticated families in the country. Their decision to transition to an independent model underscores the shifting dynamics in the wealth management industry, and we are proud to support their journey. Our goal is to provide them with the resources and strategic advantages necessary to realize their vision."
Investment in Future Growth
This partnership not only enhances the capabilities of Family Office Partners but also signals Elevation Point's continued dedication to expanding its footprint in the wealth management sector. By investing in firms that align with its values, Elevation Point is poised to elevate the industry standards for wealth management services.
Access to Innovative Resources
By joining forces with Elevation Point, Family Office Partners gains access to a broad range of resources and custodial options provided through key partnerships, which include leaders in the custodial field. This access facilitates a seamless experience for clients, ensuring that the advisors have the tools necessary to provide exceptional service.
Brad Smithy, a founding partner at Elevation Point, emphasized the unique strengths of the Family Office Partners team. He stated, "We are excited to help bring their vision to life. Their understanding of the nuances involved in advising families with significant private company holdings makes them exceptional candidates to succeed under the Elevation Point model."
Commitment to Client-Centric Approaches
Elevation Point's broader strategy involves supplying capital and strategic support while allowing advisory teams to maintain their independence. This philosophy is critical for many firms transitioning to independent operations, as preserving control is a key element for them.
The recent strategic investment in Family Office Partners further extends Elevation Point’s momentum, recognizing the value of partnerships that foster collaboration and growth within the wealth management realm.
Frequently Asked Questions
What is the main focus of Family Office Partners?
Family Office Partners focuses on delivering comprehensive wealth management services to ultra-high-net-worth families, entrepreneurs, and private company owners.
How does Elevation Point support wealth management firms?
Elevation Point provides strategic investments, resources, and operational support to independent advisory teams, empowering them to enhance their services while maintaining autonomy.
Who are the key individuals at Family Office Partners?
The founding members include Benjamin T. Domingue, Shawna S. Prejean, and Travis D. Frayard, who contribute extensive experience in the wealth management sector.
What types of services does Family Office Partners offer?
They provide investment management, private company transaction guidance, tax strategy, estate planning, and family governance among other comprehensive services.
How does Elevation Point differentiate itself in the industry?
Elevation Point distinguishes itself by focusing on minority stake partnerships that allow advisors to retain independence while receiving vital support to grow their practices.
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