Elevation Point Receives Investment to Fuel Strategic Growth
Elevation Point Receives Strategic Investment from Emigrant Partners
Capital Infusion and Credit Facility to Accelerate Expansion While Preserving Independence and Culture
Elevation Point, known for supporting independent advisors and breakaway teams, has recently announced a strategic investment from Emigrant Partners, a highly regarded partner in the wealth and asset management arena. This investment is accompanied by a substantial senior debt facility aimed at amplifying Elevation Point's growth trajectory.
Jim Dickson, the Founding Partner and CEO of Elevation Point, expressed great enthusiasm about this partnership. He acknowledged Emigrant Partners as a leading name in minority investments and highlighted the role of Liz Nesvold, a trusted industry partner, in forging this collaboration. This partnership promises to be a pivotal moment as Elevation Point embarks on a new phase of growth.
This investment is designed to enhance Elevation Point's offerings to high-net-worth and ultra-high-net-worth clients. The firm aims to broaden its service capabilities and improve family office operations while swiftly onboarding new advisory teams. However, the financial specifics of the deal remain undisclosed.
Liz Nesvold, Chair of Emigrant Partners, mentioned that Elevation Point's mission and expertise resonate well with the vision of Emigrant Partners. Both organizations share a commitment to empowering independent advisors and enabling them to thrive without compromising their standards or values.
Emigrant Partners boasts a robust reputation for making minority, non-voting investments in leading wealth management firms. They have an impressive track record spanning 18 years and are associated with one of the most esteemed family-owned financial institutions, the Milstein Companies. This network encompasses a variety of high-profile sectors including wealth solutions, banking, trust services, and more.
CEO and President of Emigrant Partners, Jenny Souza, noted the alignment between their model and that of Elevation Point. She stated that fostering advisor independence while promoting growth without restrictions is a cornerstone of their partnership. This collaboration is expected to open new avenues for growth among breakaway teams—an area where they believe the combined resources will yield significant results.
Mark Penske, another Founding Partner at Elevation Point, remarked on how Emigrant's capabilities would enhance their ability to serve the evolving needs of their high-net-worth clientele. He acknowledged the positive reception their approach has received in the market and conveyed excitement for the future fueled by this partnership.
Earlier in the year, Elevation Point completed its third investment, solidifying its dedication to minority-stake partnerships that grant advisors the autonomy they need while enabling operational growth.
About Elevation Point
Elevation Point serves as a strategic growth partner for independent registered investment advisors (RIAs) and breakaway financial advisors. The firm focuses on minority-stake partnerships, facilitating advisory teams' transitions while ensuring they retain control over their operations. Elevation Point differentiates itself from traditional aggregators through its collaborative model, which emphasizes advisor values and the satisfaction of client outcomes.
About Emigrant Partners
Emigrant Partners is dedicated to providing capital and strategic solutions to prominent wealth and alternative asset management firms. They pride themselves on their minority, non-voting investment approach, which allows partner firms to maintain independence while benefiting from customized, long-term support. Emigrant Partners specializes in fostering growth through collaborative efforts with their partner firms.
Frequently Asked Questions
What is the significance of the investment from Emigrant Partners?
The investment allows Elevation Point to accelerate its growth while enhancing services for its clients and maintaining its operational independence.
Who is leading the partnership at Emigrant Partners?
Liz Nesvold is the Chair of Emigrant Partners and played a key role in fostering the partnership with Elevation Point.
What are Elevation Point’s primary services?
Elevation Point primarily supports independent advisors and breakaway teams, focusing on facilitating transitions and scaling operations without sacrificing independence.
What sectors does Emigrant Partners specialize in?
Emigrant Partners specializes in wealth and asset management, making strategic investments in firms within this arena.
How does Elevation Point differentiate itself from traditional aggregators?
Elevation Point focuses on collaborative partnerships rather than simply aggregating firms, ensuring advisor values and client outcomes take priority.
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