Elevation Point Enhances Wealth Management with Family Office Partners Investment

Elevation Point's Investment in Family Office Partners

On June 20, 2025, Elevation Point announced a strategic minority investment in Family Office Partners, a newly formed independent wealth management firm based in Lafayette, Louisiana. This firm manages approximately $2.5 billion in client assets and is spearheaded by a team of veteran private wealth advisors formerly associated with UBS.

Elevation Point acts as a growth accelerator for independent advisors and breakaway firms, empowering them with the essential resources to operate effectively in the competitive financial services landscape. Family Office Partners emerges as a fully independent entity that aims to cater to its clients' diverse needs without limitations. The firm prides itself on delivering specialized wealth management services designed for founders, entrepreneurs, family offices, and ultra-high-net-worth families.

The founding members—Benjamin T. Domingue, CEPA®, Travis D. Frayard, CFP®, CIMA®, CEPA®, CPM®, CRPS™, and Shawna S. Prejean—boast over 60 years of cumulative experience in the wealth management field. Their deep understanding and established trust with some of the nation's most sophisticated families are essential as they pivot towards providing independent services.

Jim Dickson, CEO and founding partner of Elevation Point, expressed enthusiasm for the partnership, emphasizing the importance of having the right support system as the industry continues to evolve. “Their decision to operate independently reflects a significant trend in the sector, and our goal is to ensure they have every advantage as they construct a firm that encapsulates their vision and values,” Dickson remarked.

Family Office Partners intends to cater primarily to families who have significant interests in private companies. The firm will help these families navigate complex business transitions while providing multi-generational wealth stewardship. Their suite of services includes investment management, advanced family office solutions, private company transaction facilitation, exit planning, corporate strategies like ESOP solutions and liquidity planning, as well as comprehensive tax and estate planning services.

Domingue, the founder and managing partner of Family Office Partners, stated, “Launching our firm was not simply about changing our circumstances; we are committed to creating a firm that aligns with the evolving needs of our clients and their families who are navigating the intricacies of private company ownership.” Elevation Point’s investment has significantly enhanced their strategic and operational capabilities, allowing them to develop a platform that genuinely reflects families' aspirations for holistic, independent service.

The team at Family Office Partners now benefits from Elevation Point's extensive network and integrated resources, which include custody options facilitated by partnerships with respected financial institutions such as Goldman Sachs Custody Solutions and BNY Pershing. Brad Smithy, founding partner of Elevation Point, commented on the impressive practice scale of Family Office Partners, highlighting their commitment to delivering tailored, multi-generational solutions to clients with considerable private company interests.

This partnership marks another milestone for Elevation Point as it continues to establish a distinctive presence in the wealth management arena. The firm aims to support advisory teams in maintaining ownership and control over their future while providing essential resources and strategic backing to foster growth.

In conclusion, Elevation Point’s investment in Family Office Partners demonstrates its intent to escalate the level of service provided in wealth management, ensuring that advisors remain aligned with their values while navigating the complexities of the changing financial landscape. As this partnership unfolds, many eyes will be on Family Office Partners to see how they deliver on their promises to an elite clientele seeking bespoke wealth management solutions.