Elevation Point, an investment firm Launched last year Former Sanctuary Assembly Director Jim Dickson has received a 30% stake in Triton Wealth, a registered Aitkin-based investment adviser, based on Minn over $ 225 million in management assets. This is the third strategic investment of Elevation Point since its inception in June.
It comes a few weeks after Elevation Point announced its minority investments In private Stonebrook, a Northville -based firm with Mich. With over $ 750 million under management wealth, its first agreement of 2025.
Triton Wealth was founded in 2010 by Michael J. Ryan and Wesley T. Hoppe under the original name of Ryan & Hoppe Investment Management. They specialize in pension planning, investment and risk management, business success and property transfer. Team care with Schwab.
“After evaluating the many partnership options, Elevation Point was distinguished for its model of minority partnership created to approximate interests and increase customer experience,” Ryan said in a statement. “We believe that their advanced technology, comprehensive resources and industry expertise can help us accelerate our growth – while serving better and add value to our customers.”
In an interview with Assemblyamagamant.comDickson said the team also plans to exploit the external services of the Elevation Point, which it earned last year through its inaugural agreement with Mount Yale Capital Group.
“It is a test point that our first investment in our OCIO services will require,” Dickson said. “This is a team that wanted to take advantage of our model portfolio program and help them release some time.”
Dickson said Minnesota's market is ripe for growth and its firm can help Triton's wealth reach $ 1 billion wealth over the next five years.
Dickson announced Elevation Point launch Last June. The firm receives RIA minority shares with $ 200 million to $ 3 billion in customer assets and contributes resources to help those firms grow. He partnership with Mark Penske, founder and chairman of United Atlantic Capital, a private -owned financial services holder in the new enterprise.
Since the beginning, Elevation Point has been completing its platform, building the management team and developing a firms pipeline. Dickson said he will make a deal a month, but the activity will increase during the summer.
Dickson thought that most of the firm deals they see would be with advisers detached from the wires, where he and his partners came from. But they are seeing a lot of interest from the existing Rias, which make up about 40% of his firm's pipeline.
“It has been good, the amount of opportunities we have from existing rias that are looking to understand what the growth restrictions may be, or by removing some of the backward things from their plates,” he said.