Elevation Point, a Minneapolis-based wealth management firm, announced a strategic minority investment from Emigrant Partners, a prominent capital and advisory partner in the wealth management industry, accompanied by a significant senior debt facility to drive expansion.  

Founded in June 2024 by Jim Dickson, former Sanctuary Wealth CEO, and Mark Penske, Elevation Point focuses on supporting independent advisors and breakaway teams by taking minority stakes in RIAs managing $200 million to $3 billion in assets.  

The firm, which oversees $3.4 billion in assets, has made three strategic investments in 2025: Stonebrook Private ($750M AUM, Michigan), Triton Wealth ($225M AUM, Minnesota), and Fortage Capital Advisors (Michigan).  

Emigrant Partners, a subsidiary of Emigrant Bank within the Milstein Companies, manages $125 billion in assets under management and advisement across 21 partner firms, emphasizing non-voting minority investments to preserve advisor autonomy.  

Jim Dickson praised Emigrant’s reputation and alignment with Elevation Point’s mission, while Jenny Souza, Emigrant’s CEO, highlighted the partnership’s focus on scaling breakaway teams, a growing segment.  

This investment strengthens Elevation Point’s ability to provide resources like OCIO solutions, technology, and strategic support, enabling advisors to enhance client services while maintaining independence.  

The deal aligns with industry trends, as breakaway advisors seek flexible models to monetize their businesses without full acquisitions, leveraging Emigrant’s extensive network and Elevation Point’s innovative approach to elevate industry standards.