Elevation Point Announces Strategic Stake in Triton Wealth, Building on Strong Start to 2025 with More Deals Ahead

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Feb 25, 2025, 09:30 ET

Latest Deal Highlighting Elevation Point's Transparent Minority Stake Partnership Model Comes Weeks After Firm's Strategic Investment in Michigan-based Stonebrook Private

MINNEAPOLIS, Feb. 25, 2025 /PRNewswire/ -- Elevation Point, a growth accelerator and minority stake partner for independent advisors and breakaway firms, announced today that it has made a strategic investment in Triton Wealth, a Registered Investment Adviser (RIA) based in Aitkin, Minnesota. Triton Wealth serves business owners, successful professionals, and retirees ranging from high-net-worth to mass affluent clients.

"Triton Wealth's steadfast commitment to a fiduciary, client-first standard of care and to building deep, lasting, generational relationships, coupled with its mission to support, educate, and guide, aligns closely with the core values we emphasize at Elevation Point—partnership, enhancing the client experience, and elevating the industry," said Jim Dickson, founding partner and CEO of Elevation Point. "This partnership highlights the continued momentum of our minority stake partnership model, which is designed to align interests and provide tailored support for firms seeking growth."

Founded by Michael J. Ryan, AIF^® and Wesley T. Hoppe, AIF^®, Triton Wealth, with over $225 million in assets under management (AUM), specializes in designing custom strategies for retirement planning, investment and risk management, business succession, and wealth transfer, to help clients achieve financial confidence in retirement and beyond.

"Triton Wealth is an ideal partner for Elevation Point, and we're confident they will play a key role in strengthening our presence in Minnesota," said Brad Smithy, founding partner and head of wealth management at Elevation Point. "We look forward to working closely with Michael, Wesley, and the team as they continue to serve their clients and expand their business."

"After evaluating multiple partnership options, Elevation Point stood out for its minority stake partnership model designed to align interests and enhance the client experience," added Michael J. Ryan, AIF^®, founding partner and wealth advisor at Triton Wealth. "We believe their advanced technology, comprehensive resources, and industry expertise can help us accelerate our growth—while better serving and adding value for our clients."

This deal announcement follows closely on the heels of Elevation Point's first deal of 2025—a strategic minority stake in Stonebrook Private, a fee-only, fiduciary advisory firm based in Northville, Michigan, with over $750 million in AUM.

Schedule a growth consultation with Elevation Point at https://elevationpoint.com/consultation.

About Elevation Point
Elevation Point is a wealth management firm focused on bringing together industry-leading independent advisors through minority stake partnerships with RIAs and breakaway advisors transitioning to independence. Elevation Point Wealth Partners, LLC, an SEC-registered investment adviser and a wholly owned subsidiary of Elevation Point, LLC, is a core component of our commitment to delivering dynamic OCIO solutions, personalized playbooks, and customized full-spectrum support to advisors. Distinguishing ourselves as accelerators in a landscape of aggregators, we're powering a nationwide community of emerging industry leaders, overseeing more than $3.4 billion in assets under management. With a focus on advisor values and evolving client needs, our mission is clear: to elevate the entire industry to higher ground.

For more information, please visit elevationpoint.com, and for the latest updates, follow Elevation Point on LinkedIn.

Disclosures:
As of September 30, 2024, Elevation Point, LLC, through its wholly owned subsidiaries, Elevation Point Wealth Partners, LLC, and Princeton Fund Advisors, LLC, reported managing $2,594,997,974 and $883,807,051 in assets under management (AUM), respectively, for a combined total of $3,478,805,025.

Additionally, Triton Wealth reported $226,268,606.55 in AUM as of February 12, 2025, based on custodian records from the following sources:

Schwab – $146,847,482.25(as of 2/12/25)
T. Rowe Price – $59,771,427.38 (as of 12/31/24)
Principal – $10,365,748.76 (as of 12/31/24)
Stonebridge – $4,457,676.30 (as of 12/31/24)
Lincoln Financial Group – $1,348,830.83 (as of 1/17/25)
American Funds – $2,319,152.33 (as of 1/10/25)
Aspire 403(b) – $767,006.30 (as of 1/22/25)
Jackson – $391,282.40 (as of 1/27/25)

All AUM figures for Elevation Point, LLC, and Triton Wealth are derived exclusively from custodian records as of the dates listed above. These figures are subject to market fluctuations, account closures, and other adjustments. The AUM figures have not been independently audited or verified.

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SOURCE Elevation Point