Elevation Point is gaining strength in its home state as the independent RIA platform welcomes a new partner in Minnesota.
The self-professed RIA accelerator announced Tuesday that it has acquired a minority stake in Triton Wealth, an Aitkin, Minnesota-based RIA, as part of its ongoing strategy to invest in independent advisory firms.
Triton Wealth, which manages over $225 million in assets, serves business owners, professionals, and retirees across both high-net-worth and mass affluent segments. The firm offers a raft of services including retirement planning, investment and risk management, business succession, and wealth transfer strategies.
"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," Jim Dickson, founding partner and CEO of Elevation Point, said in a statement Tuesday.
Dickson founded Elevation Point in June last year, a little more than a year after his February 2023 separation from Sanctuary Wealth, which he had previously ked as CEO since 2018.
Triton Wealth was founded by Michael J. Ryan and Wesley T. Hoppe. Ryan, whose two decades in the industry includes time at Wells Fargo and Commonwealth, commended Elevation Point's model that "[aligns] interests and [enhances] the client experience.
"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," he added.
Elevation Point, has positioned itself as a capital and strategic partner for independent advisors and breakaway firms, offering support with operational resources and technology while allowing its partner firms to maintain their autonomy.
The Triton Wealth partnership is Elevation Point’s second transaction of the year, following its stake in Stonebrook Private, a fee-only advisory firm in Northville, Michigan, which manages over $750 million in assets.
As of September 30, Elevation Point reported a combined $3.5 billion in assets under management through its subsidiaries, Elevation Point Wealth Partners and Princeton Fund Advisors.
Nine-month electronic trading freeze and share lending program at the center of dismissed claim.
Meanwhile, Rossby Financial's leadership buildout rolls on with a new COO appointment as Balefire Wealth welcomes a distinguished retirement specialist to its national network.
With a smaller group of companies driving stock market performance, advisors must work more intentionally to manage concentration risks within client portfolios.
Professional athletes are often targets of scam artists and are particularly vulnerable to fraud.
The brokerage giant tells Wall Street it will use artificial intelligence to reach clients it has never been able to serve — and turn the technology's perceived threat into a competitive edge.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
