RFG Advisory and Elevation Point have each added new firms to their platforms, continuing a 2025 trend of advisor transitions and strategic partnerships aimed at bolstering support for breakaway RIAs.
Birmingham, Alabama-based RFG Advisory has launched TurnPoint Wealth, led by advisor Tyler Brown, a veteran of Edelman Financial Engines and Fisher Investments.
The addition marks continued momentum for RFG, which reported onboarding more than $500 million in new assets during the first quarter.
“The surge of growth we experienced in 2024 has carried into 2025,” Abby Salameh, chief growth officer at RFG Advisory, said in a statement. “RFG is built to empower ... driven professionals who have poured everything into their careers and are now ready to break free, take control, and unleash their entrepreneurial spirit.”
Brown, who spent nearly two decades in the financial services industry before founding TurnPoint, cited a desire for greater flexibility and control as key motivators for starting his own firm. He also highlighted its advisor support model, including turnkey staffing, technology infrastructure, and investment platforms across multiple custodians.
Along with the Turnpoint launch, Claudia Porter has also joined RFG as a wealth advisor, expanding the firm’s presence in the Pacific Northwest. A financial educator and published author, Porter was drawn to RFG in part through its StrongHer Money initiative, which focuses on financial empowerment for women.
“Claudia ... is perfectly aligned with the work we are doing through StrongHer Money,” said Shannon Spotswood, chief executive of RFG Advisory. “She’s an accomplished educator, a sought-after financial advisor, and a published author – the complete package and then some.”
Meanwhile, Elevation Point, an RIA support platform that touts its capabilities as a growth accelerator has taken a minority stake in Fortage Capital Advisors. Based in Bloomfield Hills, Michigan, the new firm was founded by industry veteran Andrew Moss.
The transaction in Michigan is Elevation Point’s third deal this year.
Moss, previously a partner at Transcend Capital Advisors and a longtime Merrill Lynch advisor, launched Fortage with two former colleagues, Matthew Harbarcuk and Carrie Angott. Elevation Point’s model supports firms through capital investment while allowing them to remain independent.
“This is a significant step in our evolution, giving us more time to focus on delivering customized solutions for our clients,” Moss said on Tuesday.
Elevation Point CEO Jim Dickson, the Sanctuary Wealth founder who launched the platform in June last year, noted that both he and Moss understand the benefits of leaving the wirehouse model to better serve client interests. “It’s at the core of our mission at Elevation Point,” he said.
Five low-cost index ETFs to anchor Trump Accounts as advisors weigh options against 529 and UTMA plans for clients
A bipartisan proposal aimed at aligning advisor compensation rules with modern business structures is headed to the full House.
Vanilla is extending its estate planning tech to Callan Family Office's ultra-high-net-worth business, while WealthFeed's organic growth engine will now be available to roughly 100 advisors at The Mather Group.
“We are helping families take an important first step toward building a financial foundation for the next generation,” said Franklin Templeton CEO Jenny Johnson
Richard Brothers Financial Advisors joins the fee-only RIA, adding its first Maine office and $240 million in client assets
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
