Elevation Point extends growth agenda with Triton Wealth partnership

Elevation Point extends growth agenda with Triton Wealth partnership
The $3.5 billion RIA has taken the next step in its 2025 deal calendar with a strategic minority investment in Minnesota.
FEB 25, 2025

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.

Latest News

Advisor moves: LPL adds $425M Evermark Investment Partners, $300M Merril Lynch group hops to Ameriprise
Advisor moves: LPL adds $425M Evermark Investment Partners, $300M Merril Lynch group hops to Ameriprise

LPL's latest addition, a San Diego team defecting from RBC, represents a milestone for the broker-dealer giant's Strategic Wealth model for wirehouse breakaways.

Senate tax bill stalls as hardliners balk at changes
Senate tax bill stalls as hardliners balk at changes

The new legislative proposal, which includes more aggressive cuts to Medicaid and a lower SALT cap, threatens a goal of passing President Trump's tax-cut legislation by July 4.

Osaic snaps up $13.5B CW Advisors
Osaic snaps up $13.5B CW Advisors

The deal for the Audax-backed RIA based in Boston gives Osaic a strategic foothold to attract more advisors and clients across the wealth spectrum.

Senate wants changes to Trump’s tax bill; here’s what’s expected
Senate wants changes to Trump’s tax bill; here’s what’s expected

‘Revenge tax’ on foreign investors could be scrapped in new version.

CFTC’s regulatory pioneer Bagley dies aged 96
CFTC’s regulatory pioneer Bagley dies aged 96

Veteran legislator helped set the standard for derivatives regulation.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave