Elevation Point Partners with Waycrest Wealth in Strategic Investment to Enhance Financial Advisory Services

Elevation Point Invests in Waycrest Wealth: A Strategic Partnership for Growth



Elevation Point, a leading growth accelerator and minority stake partner, recently confirmed its strategic minority investment in Waycrest Wealth, a newly formed wealth management firm based in Michigan. This transaction is indicative of Elevation Point's commitment to empowering independent financial advisors and breakaway teams to thrive amidst industry challenges.

The leadership of Waycrest Wealth is spearheaded by industry veterans Jay Hack, MBA, CFP®, and Lowell Weiss, J.D., CFP®. Together, they bring over a decade of cumulative experience from their previous tenure at Raymond James. This partnership marks a significant milestone with approximately $1 billion in assets under their supervision, reflecting their capability to provide robust investment strategies and personalized financial services to clients.

Jim Dickson, CEO and founding partner of Elevation Point, expressed enthusiasm about the partnership. He noted the importance of aligning with advisors who prioritize client-centric approaches and maintain integrity during their growth journey. The investment allows Waycrest Wealth not only the financial resources to innovate but also the technological infrastructure necessary to enhance service offerings.

The roots of Waycrest Wealth run deep, emphasizing multigenerational wealth management strategies tailored for families with intricate financial needs. As Jay Hack articulated, their mission revolves around understanding and planning for each family's unique aspirations and legacies, ensuring comprehensive financial solutions that resonate across generations.

In a unique organizational structure, both Hack and Weiss are joined by their fathers in the firm, situating their team within a lineage of committed financial professionals. Paul Hack has a profound history in wealth management dating back to 1969, establishing himself as a trusted advisor in the community, while Leonard Weiss brings perspective and expertise from his extensive career spanning multiple financial firms.

The firm's offerings encompass various services including investment management, financial planning, estate and tax planning, alongside alternative investing strategies. Not only do they cater to traditional wealth management, but they also specifically target clients with needs involving intergenerational wealth transfer and business succession planning. This diverse approach ensures that Waycrest Wealth remains equipped to handle the evolving dynamics of client wealth, increasingly vital in today’s financial landscape.

Transitioning from a corporate framework into independence presents abundant opportunities for Waycrest Wealth. The team's drive to adopt leading-edge technology enhances their capability to curate a wide range of investment solutions, including those previously out of reach under a corporate umbrella. This newfound freedom positions them competitively within a rapidly changing market.

Waycrest Wealth is fully licensed across over 40 states, allowing them to serve a diverse clientele that includes physicians, business owners, attorneys, and philanthropic families. This reach amplifies their impact on financial planning and investment management across Michigan and Florida, highlighting their vision to foster sustainable client relationships founded on trust and mutual goals.

Elevation Point's partnership model grants firms like Waycrest Wealth essential tools for a smooth transition into independence. This is part of a larger trend within the financial advisory sector where the focus is shifting towards empowering advisors to remain autonomous while equipped with necessary resources to flourish. Recently, Elevation Point has made several strategic investments in various advisory teams, underscoring its commitment to growth within the independent wealth management sector.

In summary, this partnership between Elevation Point and Waycrest Wealth embodies the evolution of independent wealth management. With a shared goal of providing unparalleled financial advisory services, this collaboration not only represents financial investment but a commitment to building legacies. For more information about Elevation Point and to schedule a consultation, visit elevationpoint.com.

Conclusion



As the wealth management landscape continues to evolve, investments like those between Elevation Point and Waycrest Wealth signal a future where independence and innovation can thrive hand in hand. Both firms are poised to redefine what is possible in financial advisory, with a client-first approach leading the way.

Topics Financial Services & Investing)

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