#United States #New York #Elevation Point #Emigrant Partners #investment success

Emigrant Partners Marks a Milestone in Elevation Point's Growth

Emigrant Partners has proudly announced the successful conclusion of its investment in Elevation Point, marking a significant leap in the latter's growth trajectory following a recapitalization by Merchant. The investment period, which lasted 18 months, turned out to be a game-changer for Elevation Point, as it transformed its asset management scale from a modest $3.2 billion to an impressive $18 billion.

This impressive escalation underscores the effective partnership forged between Emigrant Partners and Elevation Point since May 2025, when Emigrant first came on board as a minority partner. Emigrant has built its reputation as a long-term investor in independent wealth and asset management firms, making this rapid turnaround somewhat unusual given its typical longer investment horizon.

Liz Nesvold, Chair of Emigrant Partners, expressed optimism when collaborating with Jim Dickson, Elevation Point’s CEO, and his team. The shared vision was to transition Elevation Point from a startup to a significant player in the wealth management industry without compromising its entrepreneurial spirit. Nesvold highlighted the importance of finding a suitable operational platform and strong team to support rapid growth, and Elevation Point seemed to have both in abundance.

Under Emigrant's guidance, Elevation Point successfully executed nearly a dozen partner firm investments, establishing itself as a notable figure in the wealth management landscape. This partnership fostered the recruitment of senior leadership, which in turn connected Elevation Point's partner firms with essential resources encompassing research, benchmarking, and organic growth strategies driven by technology and human capital support.

Jenny Souza, CEO of Emigrant Partners, spoke about the significance of their involvement in strengthening the operational infrastructure of Elevation Point. The collaboration turned out to be fruitful, enabling the firm to sustain and enhance its capabilities for the benefit of its partners. She expressed delight at seeing the outcomes of their combined efforts, showcasing that dedicated growth strategies can yield remarkable results in the financial sector.

Jim Dickson, the Founding Partner and CEO of Elevation Point, commended Emigrant Partners for being an instrumental ally in bringing the firm's ambitions to fruition. He acknowledged the breadth of expertise and relationships that Emigrant provided, especially at such a pivotal juncture for Elevation Point. The transaction was lauded as a success, offering full liquidity for Emigrant Partners' investment.

The recapitalization transaction, with financial details remaining undisclosed, was facilitated by the reputable law firms Morgan, Lewis & Bockius LLP for Emigrant Partners, Vedder for Elevation Point, and Katz Teller for Merchant.

About Emigrant Partners

Emigrant Partners has solidly established itself within the landscape of independent wealth and asset management firms. With almost two decades of investment experiences, the firm adopts a hands-on approach, delivering strategic support tailored to individual partner needs. This commitment facilitates acquisitions, senior talent recruitment, and organic growth while empowering firms to maintain their ownership and operational control.

As of September 30, 2026, Emigrant Partners proudly managed investments in 19 firms, overseeing a combined $115 billion in assets under management. The company operates as a subsidiary of Emigrant Bank and is backed by the Milstein Companies, dedicating itself to maximizing growth potential for each partner firm involved.

About Elevation Point

Elevation Point functions as a strategic growth partner for independent wealth management entities. By forming minority partnerships with seasoned Registered Investment Advisors (RIAs) and advisors transitioning from larger institutions, Elevation Point ensures that partners retain control while gaining essential resources. Their model emphasizes growth while allowing firms to preserve their unique identities and client relationships, identifying Elevation Point as an accelerator rather than an aggregator in the sector.

For those seeking further information about Emigrant Partners or Elevation Point, please visit their respective websites.