#United States #Jacksonville #Wealth Management #Ellevate #Michelle Odom

Ellevate Achieves $500 Billion in Assets Under Management

Ellevate, a leading managed services platform founded by industry expert Michelle Odom, has recently announced a landmark achievement in its rapidly growing operations by surpassing $500 billion in assets serviced. This accomplishment, made in less than two years since its inception, positions Ellevate as a premier solution for large Registered Investment Advisors (RIAs), aggregators, and enterprise wealth management firms experiencing the pressures of operational challenges in today’s market.

Adapting to Industry Changes

The wealth management landscape has become increasingly complex, characterized by consolidation, technological fragmentation, and a shortage of experienced professionals. In response to these challenges, Ellevate has strategically developed its services to address the pressing needs of financial firms, helping them enhance efficiency and scale their operations effectively. Michelle Odom, CEO, emphasized the company's mission: “We launched Ellevate with one goal in mind: to assist advisors in overcoming backend difficulties, allowing them to focus on business growth.”

Core Solutions Offered by Ellevate

Ellevate offers a cohesive suite of technology and operational solutions tailored to meet the evolving demands of the wealth management sector. Among these offerings are:

• - Full Back-Office Support: This includes essential services such as billing, trading, client reporting, workflow design, project management, and vendor consulting.
• - Platform Administration: Ellevate manages the configuration and ongoing optimization of core systems to enhance operational efficiency.
• - M&A Integration: The platform provides seamless onboarding and operational alignment to firms post-acquisition, ensuring that they can realize returns on investment from each transaction.
• - Data Management: By standardizing and organizing data, Ellevate prepares firms for future advancements and the integration of AI technologies.

Addressing the Talent Gap

As established professionals retire and industry turnover increases, Ellevate steps in to fill critical gaps within firms by providing embedded domain experts who offer strategic insight and quality execution. This support proves invaluable for RIAs looking to maintain high service levels while navigating industry transitions. Joe McQuaid, COO of Concurrent Investment Partners, a $12 billion RIA, shared, “Ellevate's understanding of the Black Diamond platform was immediately evident. They alleviated difficult billing issues right away and have become a strategic ally in our growth process.”

Industry Recognition and Future Goals

Ellevate's commitment to delivering expert services has garnered significant recognition, including Michelle Odom being nominated as a Finalist for CEO of the Year by wealthmanagement.com's Industry Awards. Reflecting on their success, Odom noted, “We are thrilled with the positive reception from the industry since our launch. Our focus remains on expanding investments in our platform to help advisory firms grow and enhance their ability to provide fiduciary advice.”

Ellevate stands at the forefront of redefining wealth management by addressing the operational challenges faced by financial institutions, in turn allowing them to thrive in a competitive environment. As they continue to evolve, the company is poised to shape the future of investment management, enabling advisors to deliver enhanced services to an increasing number of investors.

For more information on Ellevate and its services, visit their website at www.ellevateft.com.