Elevation Point
Elevation Point is a Minneapolis-based wealth management firm that takes minority equity stakes in elite independent RIAs and wirehouse breakaway teams, bundling capital, OCIO services, private markets access via Alt:62, and an AI-driven workstation to help partner firms scale while preserving their independence.
- Company typePrivate
- Founded2024
- HeadquartersMinneapolis, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Elevation Point does
Elevation Point is a Minneapolis-based wealth management holding company founded in June 2024 by Jim Dickson (formerly founder of Sanctuary Wealth) and Mark Penske. The firm operates as a minority-stake growth partner for elite independent RIAs and wirehouse breakaway teams, typically taking 20-40% equity positions while preserving partner firm brand, client relationships, and operational autonomy. Its core proposition bundles capital, OCIO investment solutions, transition support, and a technology stack into a single partnership offering, with stated ambitions to reach $50 billion in supervised assets within two years from the current ~$13.2 billion across 11 partner firms.
The company's product surface centers on three pillars. First, the Alt:62 private markets platform provides curated access to GPs, independent sponsors, and family office deals across private equity, credit, real assets, and co-investments. Second, Basecamp is an AI-driven workstation designed to consolidate advisor workflows, accelerate planning, and reduce back-office burden. Third, an integrated technology ecosystem incorporates OnBord for transitions (transition times as short as 30 days), Milemarker for cross-custodian data unification, Vestmark for portfolio management, Vanilla for AI-powered estate planning, and Addepar for reporting, supported by multi-custodian relationships with Goldman Sachs Custody Solutions, BNY Pershing, Schwab, and Fidelity. Revenue is generated through OCIO advisory fees (anchored by the acquired Mount Yale Capital Group), platform and service fees charged to partner firms, private markets economics from Alt:62, and equity appreciation on the minority stakes themselves. Elevation Point sells through direct enterprise field sales led by its founding partners, targeting $500M+ breakaway teams and established RIAs seeking institutional infrastructure without surrendering ownership upside.
Elevation Point firmographics
Firmographics- Name
- Elevation Point
- Legal name
- Elevation Point, LLC
- Website
- https://elevationpoint.com
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Elevation Point is a Minneapolis-based wealth management firm that takes minority equity stakes in elite independent RIAs and wirehouse breakaway teams, bundling capital, OCIO services, private markets access via Alt:62, and an AI-driven workstation to help partner firms scale while preserving their independence.
- Ownership category
- akta.pro rank
Elevation Point industry classification
Industry- Product category
- Wealth Management Partnership & OCIO Services
- NAICS
- Other Financial Vehicles (52599)
- akta.pro primary industry
- Co-Investment / Direct Allocation Platforms (alongside FoF) (FSANAGAK)
- akta.pro secondary industry
- Endowment / OCIO-Style Multi-Manager Platforms (FSANAGAG)
Keywords
Where Elevation Point is headquartered
LocationHeadquarters
- HQ city
- Minneapolis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Elevation Point business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Others
Revenue model
- Minority Stake Investments: Elevation Point takes minority equity stakes (typically 20-40%) in independent advisory firms and RIAs. Returns generated through appreciation of partner firm values as they scale assets under management and revenue.
- OCIO (Outsourced Chief Investment Officer) Services: Dynamic and customizable OCIO solutions provided to partner firms and advisors for managing complex needs of high-net-worth clients. Includes investment management, portfolio construction, and ongoing monitoring.
- Back and Middle-Office Support Services: Comprehensive operational support including compliance management, technology infrastructure, custody services, and administrative services for partner firms.
- Alt:62 Private Markets Access: Access to curated private investment opportunities through Alt:62 platform, providing institutional-quality private equity, private credit, real assets, and co-investment opportunities to partner firm clients.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Custom partnership-based pricing for elite RIAs and breakaway advisory teams |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Elevation Point product offering
Product offeringCore offering
Elevation Point partners with elite wirehouse breakaway teams and established independent RIAs by taking meaningful minority equity stakes (typically 20–40%) and providing a full ecosystem of capital, OCIO investment solutions, private markets access (Alt:62), back/middle-office support, transition assistance, and digital marketing capabilities. The firm enables partner advisory firms to maintain independence, brand, and client ownership while gaining institutional-grade infrastructure and growth capital.
Differentiator
Problem solved
Functional benefit
Brands
- Alt:62: A dedicated, exclusive private markets platform providing partner firms and their clients with access to curated private investment opportunities through a differentiated network of general partners, select independent sponsors, and leading family offices.
Products and services
- OCIO (Outsourced Chief Investment Officer) Services Dynamic and customizable Outsourced Chief Investment Officer solutions for partner firms and their advisors. Includes investment management, portfolio construction, and ongoing monitoring to address the complex needs of high-net-worth and ultra-high-net-worth clients. Operated through SEC-registered investment adviser subsidiaries Elevation Point Wealth Partners, LLC and Princeton Fund Advisors, LLC.
- Alt:62 Private Markets Platform Dedicated exclusive private markets platform providing partner firms and their clients with access to curated private investment opportunities (private equity, private credit, real assets, co-investments) through a differentiated network of GPs, independent sponsors, and family offices. Features institutional-grade investment and operational due diligence, and seamless platform integration for subscription management, fund communications, and performance reporting.
- Back and Middle-Office Support Services Comprehensive operational support for partner firms including compliance management, technology infrastructure, custody services (via Goldman Sachs, BNY Pershing, Schwab, Fidelity), and administrative services.
- Capital Investment Partnerships (Minority Stakes) Minority equity investments (typically 20–40%) in independent advisory firms and RIAs, funded through family-office capital and a senior debt facility from Emigrant Partners. Returns generated through appreciation of partner firm values as they scale assets under management and revenue.
- Advanced Planning and Family Office Services Institutional-quality planning capabilities for partner firms serving UHNW clients and family offices, including estate planning (via Vanilla technology integration) and family office services.
- Digital Marketing and Organic Growth Services Digital marketing, organic growth, and business development support designed to help partner firms scale their client bases and revenue. Includes advisor coaching programs.
- M&A Advisory and Inorganic Growth Services
Quantifiable outcome
- Partner firms have grown assets by $5B in first half of 2026, reaching $13.2B total
- +2 more outcomes
Companies that use Elevation Point
Customer profileNamed customers11 records
Segments4 records
Ideal customer profiles3 records
Elevation Point technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability5 records
Feature4 records
Elevation Point partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and preferred.
- MilemarkercoreStrategic partnership to provide unified data infrastructure for Elevation Point's portfolio of partner firms and OCIO business. Milemarker's platform enables data aggregation and operational visibility across multiple custodians and systems, addressing data fragmentation issues faced by expanding wealth management firms.
- VanillapreferredVanilla named preferred estate planning technology partner for Elevation Point's network of growth-oriented advisors. Vanilla provides interactive visual summaries, document creation, and AI-powered tools for estate planning, integrated into Elevation Point's ecosystem.
- OnBordcoreOnBord provides digital client onboarding and advisor transition platform enabling transition times as short as 30 days. Platform automates data collection, client communication, and compliance management for advisors transitioning to independence.
- VestmarkcoreVestmark provides comprehensive portfolio management and trading solutions including SMA and UMA platforms, Advisor as Portfolio Manager capabilities, and tax management services. Supports $1.5 trillion in assets across its platform.
- Goldman Sachs Custody SolutionscoreGoldman Sachs Custody Solutions (offered through Folio Investments, Inc.) provides custody, clearing, and brokerage services for partner firms. Partner firms access custody resources via Elevation Point's relationship with Goldman Sachs.
- BNY PershingcoreBNY Pershing serves as custodian for several partner firms including Harbor View Private Wealth and Loxahatchee Capital. Provides clearing and custody services through Elevation Point's strategic relationships.
- Charles SchwabpreferredSchwab serves as a primary custodian option for partner firms, providing brokerage and custody services as part of Elevation Point's multi-custodian approach.
- FidelitypreferredFidelity provides custodial services as one of the primary custodian options for Elevation Point partner firms.
- AddeparcoreAddepar provides portfolio management and reporting technology integrated into Elevation Point's technology stack for partner firms.
- JConnellypreferredJConnelly serves as Elevation Point's agency of record for integrated communications and digital media. Played pivotal role in defining and elevating Elevation Point's brand from inception. Continued collaboration even after hiring Melinda Brodbeck (former JConnelly senior leader) as Head of Corporate Communications.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
Elevation Point competitors and assessment
Company assessmentDirect peers
- Sanctuary Wealth: Sanctuary Wealth is the most direct competitor: an RIA platform offering minority-stake partnerships to breakaway advisors. Founded and previously led by Jim Dickson, Elevation Point's CEO, Sanctuary and Elevation Point operate nearly identical partnership models and compete for the same breakaway pipeline.
- HighTower Advisors: HighTower is an RIA platform built around minority equity partnerships with breakaway advisors and established independent firms. Its partnership-driven model, breakaway focus, and OCIO-style support offerings make it one of the closest comparables to Elevation Point.
Broad incumbents
- LPL Financial: LPL is the largest independent broker-dealer and RIA custody platform in the U.S. (over $1.6T in advisory and brokerage assets). It serves independent RIAs and breakaway advisors with a broad technology, custody, and transition support offering, competing with Elevation Point for breakaway and independent RIA clients at massive scale.
- Mariner Wealth Advisors: Mariner is a large national RIA platform with several hundred billion in AUM that has grown aggressively through both full and partial acquisitions of independent advisors. It competes with Elevation Point for breakaway teams and high-end RIA partnerships, but at materially greater scale.
- Focus Financial Partners: Focus Financial (acquired by Clayton, Dubilier & Rice) is a leading RIA aggregator with hundreds of partner firms and tens of billions in AUM. Its predominantly full-buyout model competes for the same breakaway and high-end independent advisor pipeline that Elevation Point targets.
- Cetera Financial Group: Cetera is a large independent wealth management platform serving thousands of advisors with custody, technology, and practice-management support. It targets wirehouse breakaway and independent advisors at scale, overlapping with Elevation Point's positioning in the elite breakaway segment.
- Kestra Financial: Kestra Financial (backed by Stone Point Capital) is an independent wealth management platform serving RIAs and breakaway teams with advisor transition support, technology, and capital. It competes with Elevation Point in the mid-to-large breakaway and RIA segment.
- Wealth Enhancement Group: Wealth Enhancement Group is a national RIA platform that has grown rapidly through acquisitions of independent advisors, including breakaway teams from wirehouses. It overlaps with Elevation Point's breakaway-recruitment model and OCIO-style wealth offerings.
- Mercer Advisors: Mercer Advisors is a national RIA providing comprehensive wealth management, estate planning, and OCIO-style services to high-net-worth clients. Its full-service wealth model for affluent clients overlaps with Elevation Point's OCIO and family-office offerings delivered through partner firms.
Others
- Vestmark: Vestmark is a portfolio management technology partner integrated into Elevation Point's stack; it also serves competing RIA platforms with SMA/UMA capabilities. As a shared infrastructure provider, it represents adjacent technology and ecosystem exposure rather than a direct competitive threat.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Elevation Point social profiles
Digital presenceElevation Point financial estimates
Financial estimateRevenue estimate
Valuation estimate
Elevation Point leadership team
Management profileNumber of profiles
Profiles13 records
Elevation Point subsidiaries and ownership
Company hierarchySubsidiaries4 records
Elevation Point funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Elevation Point M&A and investment
M&A and investmentM&A1 record
Investments8 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Elevation Point
What does Elevation Point do?
Elevation Point partners with elite wirehouse breakaway teams and established independent RIAs by taking meaningful minority equity stakes (typically 20–40%) and providing a full ecosystem of capital, OCIO investment solutions, private markets access (Alt:62), back/middle-office support, transition assistance, and digital marketing capabilities. The firm enables partner advisory firms to maintain independence, brand, and client ownership while gaining institutional-grade infrastructure and growth capital.
Is Elevation Point a public or private company?
Elevation Point is a private company. It is classified as venture growth investor backed and is currently operating.
When was Elevation Point founded?
Elevation Point was founded in 2024. It employs 51 to 100 people.
Where is Elevation Point based?
Elevation Point is headquartered in Minneapolis, United States, in the North America region.
How does Elevation Point make money?
Four revenue lines are on record. Minority Stake Investments are the primary driver. The others are OCIO (Outsourced Chief Investment Officer) Services, back and Middle-Office Support Services and alt:62 Private Markets Access.
Who are Elevation Point's main competitors?
Direct peers on record are Sanctuary Wealth and HighTower Advisors. Broad incumbents are LPL Financial, Mariner Wealth Advisors, Focus Financial Partners, Cetera Financial Group, Kestra Financial, Wealth Enhancement Group and Mercer Advisors. Vestmark is listed as an others.
Does Elevation Point have an API?
No public API is recorded for Elevation Point.
What industry is Elevation Point in?
Elevation Point's product category is Wealth Management Partnership & OCIO Services. Its primary akta.pro industry code is FSANAGAK, Co-Investment / Direct Allocation Platforms (alongside FoF), with a secondary code of FSANAGAG, Endowment / OCIO-Style Multi-Manager Platforms. Its NAICS code is 52599.