Deals
Liz Nesvold flipped Emigrant's minority stake in Elevation Point, Emigrant reports -- the most recent quick exit after Eric Clarke and Mark Penske abruptly cut ties in late 2025
The chairwoman of Howard Milstein's RIA buyer --previously promising 'decades' of backing -- curtailed partnership after 'crushing every goal'; the disclosure dropped on same day husband Peter Nesvold unveils launch of RIA minority investment firm
Summary as published by RIABiz
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More on Elevation Point
Elevation Point hub →InvestmentNews · Nov 9, 9:31 AM ET
Elevation Point secures Merchant backing as Emigrant Partners exitsWealthManagement.com · Nov 9, 6:00 AM ET
Merchant Takes Stake in Elevation Point as Emigrant ExitsAdvisorHub · Nov 9, 5:06 AM ET
Merchant Replaces Emigrant as Elevation Point BackerCitywire RIA · Nov 9, 3:24 AM ET
Merchant stakes Elevation Point, replacing Emigrant Partners
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