Emigrant Partners Celebrates Elevation Point's Growth to Scale Following Successful Recapitalization

Elevation Point grew nearly sixfold to $18 billion in assets during Emigrant's 18-month partnership

NEW YORK, Nov. 9, 2026 /PRNewswire/ -- Emigrant Partners today announced the successful realization of its investment in Elevation Point following a recapitalization by Merchant. The transaction caps a partnership that far exceeded the goals established at its outset.

Since Emigrant's investment in May 2025, Elevation Point has grown nearly sixfold, from $3.2 billion to $18 billion in assets under supervision, following its latest team partnership. Emigrant is a long-term, non-governance minority partner—its longest investment spans 19 years—which makes an 18-month hold atypical.

"When we partnered with Jim Dickson and his team, we shared a clear ambition: help Elevation Point go from start-up to scale while preserving its entrepreneurial spirit," said Liz Nesvold, Chair of Emigrant Partners. "Accelerated growth requires a platform and people that can support it, and Elevation Point has both. We were great partners to one another and crushed every goal we set in a remarkably short period. We congratulate Jim, Brad Smithy and the entire Elevation Point team as they begin this next chapter with Merchant."

Emigrant pairs growth capital with hands-on strategic and operating support. The Emigrant team supported nearly a dozen partner firm investments for Elevation Point, which helped establish the firm as one of the most active and successful in wealth management. Emigrant also helped recruit additional senior leaders, connected partner firms to research, benchmarking and resources on organic growth, technology and human capital, and will continue to provide ancillary services through Emigrant Family Office.

"Elevation Point had the infrastructure and people, and our work extended from executing investments to strengthening the team and resources for the benefit of their partner firms," said Jenny Souza, CEO and President of Emigrant Partners. "We are delighted to see that produce a stronger platform and a successful outcome for both organizations."

"Emigrant was instrumental in helping us turn our vision into a business with meaningful scale," said Jim Dickson, Founding Partner and CEO of Elevation Point. "Liz, Jenny and their team brought capital, deep industry expertise, relationships and hands-on support at a pivotal stage. We are grateful for their partnership and excited to build on that with Merchant."

The transaction provides full liquidity for Emigrant Partners' investment in Elevation Point. Financial terms were not disclosed.

Morgan, Lewis & Bockius LLP served as legal counsel to Emigrant Partners. Vedder served as legal counsel to Elevation Point. Katz Teller served as legal counsel to Merchant.

About Emigrant Partners

Emigrant Partners provides minority capital and hands-on strategic support to independent wealth and asset management firms. With a 19-year investing track record, Emigrant Partners is one of the longest-standing minority investors in the industry. The firm structures each investment around the needs of the partner firm and works alongside its leadership teams as they pursue acquisitions, recruit senior talent and grow organically while retaining control of their businesses. As of September 30, 2026, Emigrant Partners had investments in 19 firms overseeing $115 billion in combined assets under management and advisement. Emigrant Partners is a subsidiary of Emigrant Bank, which is owned and operated by the Milstein Companies. Learn more at www.emigrantpartners.com

About Elevation Point
Elevation Point is a strategic growth partner for independent wealth management firms and the advisors building them. Through minority-stake partnerships with established RIAs and breakaway advisors, Elevation Point adds capital, expertise and institutional-quality resources while advisors keep ownership and control. We're an accelerator, not an aggregator: our partners keep their brands, their culture and their clients, and gain the support to grow on their own terms. For more information, visit www.elevationpoint.com

Media Contact:
Lucy O'Brien
PRCG | Haggerty LLC
(212) 683-8100
[email protected]

SOURCE Emigrant Partners