#United States #Wealth Management #Tequesta #Elevation Point #Loxahatchee Capital

Elevation Point's Strategic Investment in Loxahatchee Capital

On September 22, 2025, Elevation Point, a prominent growth accelerator dedicated to independent advisors and breakaway firms, announced a significant milestone in its journey. The firm revealed a strategic investment in Loxahatchee Capital, a multi-family office based in Tequesta, Florida, that oversees an impressive $1.4 billion in assets. This investment involves a minority, non-voting equity stake that aims to bolster Loxahatchee Capital's growth trajectory while enhancing its relationships with affluent families and institutional clients.

The Expertise Behind Loxahatchee Capital

The Loxahatchee Capital team was formerly known as the 440 Group, an elite team within UBS. Led by Managing Partner Andrew J. Plum, CFP®, CIMA®, and Partner Thomas J. Cullen, the team has deep roots in the financial landscape, bringing over 30 years of collective experience from leading firms like Merrill Lynch, J.P. Morgan Private Bank, and Morgan Stanley. Their expertise has guided high-profile families and charitable institutions across 31 US states, with a notable focus on the affluent South Florida market.

These seasoned professionals have successfully navigated their clients through tumultuous financial periods, from the collapse of Long-Term Capital Management in 1998 to the Great Financial Crisis and the recent market shocks caused by the COVID-19 pandemic. Their ability to provide clarity and strategy during challenging times has solidified their standing in the industry.

Elevating service through partnership

Brad Smithy, Founding Partner and Head of Wealth Management at Elevation Point, expressed his enthusiasm for the investment, stating, "We are proud to help them bring to life their vision of what a boutique, institutional-level family office can offer to more clients." This partnership is expected to facilitate the long-term management of wealth in South Florida and strengthen their multigenerational client relationships.

Loxahatchee Capital has secured a prime 6,300 square foot building in Jupiter-Tequesta, which will serve as their headquarters. This facility, formerly occupied by the First American Bank and Trust, is set to become a central hub for client meetings and events—reflecting the firm’s commitment to integrating various aspects of their clients' financial lives.

A commitment to client-centric solutions

With the support of Elevation Point, Loxahatchee Capital aims to broaden its range of services beyond the limitations of a single-bank affiliation. The partnership will empower the team to offer tailored, best-in-class solutions from various banks and financial firms, uniquely addressing the diverse needs of each client. Andrew J. Plum highlighted this point, asserting, "We are able to bring best-in-class solutions from any bank, custodian, or financial services firm in the industry to address the unique needs presented in each client situation."

Moreover, Thomas J. Cullen emphasized the significance of maintaining lasting relationships with clients, many of whom have been served for generations. He concluded, "Our clients know that the voice on the other end understands every detail of their family and financial situation and what needs to be done." This dedication to high-caliber service will remain central to Loxahatchee Capital’s philosophy, aided by the resources and flexibility provided through the partnership with Elevation Point.

Looking ahead: A future of growth

In just 15 months, Elevation Point has invested in several firms managing approximately $9.6 billion in assets. The firm’s mission focuses on providing capital, resources, and strategic support to entrepreneurial advisor teams as they craft their growth narrative in the wealth management space. Jim Dickson, founding partner and CEO of Elevation Point, applauded Loxahatchee Capital's seasoned approach to client stewardship, stating, "Partnering now allows them to evolve while keeping client-first values at the core."

Overall, Elevation Point’s investment in Loxahatchee Capital is poised to reshape the wealth management landscape in South Florida, offering enhanced support for high-net-worth families and equipping them with the tools necessary to thrive amid market fluctuations.