# Elevation Point at a glance

URL: https://www.financialadvsr.com/firms/elevation-point
Researched: 2026-10-10
Publisher: Financial ADVSR (https://www.financialadvsr.com)

Elevation Point (Elevation Point Wealth Partners, LLC) is a Minneapolis-based firm that takes minority stakes in independent RIAs and breakaway wirehouse teams, launched in June 2024 by former Sanctuary Wealth CEO Jim Dickson, a 20-year Merrill Lynch executive before that, and Mark Penske of United Atlantic Capital. It began by acquiring Mount Yale Capital Group, a $3.4 billion outsourced CIO, whose SEC registration became Elevation Point's corporate RIA. WealthManagement.com reported in February 2026 that the firm had made 11 investments in teams overseeing nearly $13.2 billion in client assets.

## Facts

- Headquarters: Minneapolis, Minn. [1]
- Founded: June 2024, by Jim Dickson (CEO) and Mark Penske [1]
- Ownership: Funded at launch by family office investors plus debt capital (2024); minority stake sold to Emigrant Partners, with growth capital and a credit line (May 2025) [3]
- Legal name: Elevation Point Wealth Partners, LLC, an SEC-registered investment adviser [6]
- First acquisition: Mount Yale Capital Group, an outsourced CIO with about $3.4 billion in AUM (announced June 2024) [2]

## Size

- Client assets of partner firms: nearly $13.2 billion (as of 2026-02-18) [4]
- Partner-firm investments: 11 (as of 2026-02-18) [4]

## How advisors affiliate

- Minority-stake partner firm (keeps its own brand): Elevation Point buys a minority stake in an existing RIA that keeps running and branding its own firm, as with Triton Wealth, a $225 million Minnesota RIA, in February 2025. [8]
- Breakaway team with a minority investor: Wirehouse teams leaving to go independent can launch their own firm with an Elevation Point minority investment; the ex-Merrill Forta Wealth Partners team in Indianapolis operates as a trade name of Elevation Point's own SEC-registered RIA. [6]

## Joining: deals and equity

- At its June 2024 launch, Elevation Point said it would start with a minimum 20% investment in the independent firms it backs, according to The Wealth Advisor. [7]
- The firm targets RIAs with $200 million to $3 billion in client assets, and its family office backing means it has no set timeline to exit its stakes, WealthManagement.com reported in June 2024. [2]
- Emigrant Partners' May 2025 minority investment in Elevation Point included growth capital and a significant credit line for making new investments; terms were not disclosed. [3]
- CEO Jim Dickson told WealthManagement.com in 2026 that the firm is targeting $50 billion in assets within two years and plans to raise additional capital to get there. [5]

Sources:
1. Financial Advisor magazine: Former Sanctuary CEO Dickson Among Founders Of New RIA Aggregator, 2024-06 (https://www.fa-mag.com/news/jim-dickson--mark-penske-launch-new-acquiror-elevation-point-78607.html)
2. WealthManagement.com: Back to Work, Jim Dickson Launches Minority RIA Investment Firm, 2024-06 (https://www.wealthmanagement.com/ria-news/back-to-work-jim-dickson-launches-minority-ria-investment-firm)
3. WealthManagement.com: Emigrant Takes Minority Stake in Jim Dickson's Elevation Point, 2025-05-06 (https://www.wealthmanagement.com/ria-news/emigrant-takes-minority-stake-in-jim-dickson-s-elevation-point)
4. WealthManagement.com: Elevation Point Takes Minority Stake in $1.3B Atlanta Ex-UBS Team, 2026-02-18 (https://www.wealthmanagement.com/career-moves/elevation-point-takes-minority-stake-in-13b-hampton-bluff-capital-partners)
5. WealthManagement.com: Elevation Point Forecasts $5B in New Platform Assets in Second Half of '26, 2026 (https://www.wealthmanagement.com/ria-news/elevation-point-forecasts-5b-in-new-platform-assets-in-second-half-of-26)
6. Forta Wealth Partners (press release): $900M Indianapolis Team Launches Independent Firm Forta Wealth Partners, 2026-01-27 (https://norfolkdailynews.com/online_features/press_releases/900m-indianapolis-team-launches-independent-firm-forta-wealth-partners/article_70bd1900-ca72-5c62-a0f4-6e73309032a8.html)
7. The Wealth Advisor: Newly Launched Wealth Management Firm Elevation Point Focuses On Growth, 2024-06 (https://www.thewealthadvisor.com/article/newly-launched-wealth-management-firm-elevation-point-focuses-growth)
8. InvestmentNews: Elevation Point extends growth agenda with Triton Wealth partnership, 2025-02 (https://investmentnews.com/rias/elevation-point-extends-growth-agenda-with-triton-wealth-partnership/259453)