Elevation Point, launched in 2024 by former Sanctuary Wealth CEO Jim Dickson, has obtained minority investment from Emigrant Partners.
Specific details of the investment have not been disclosed.
This investment includes a “significant” senior debt facility, aimed at supporting Elevation Point’s growth initiatives.
The collaboration is expected to enhance Elevation Point’s offerings for high-net-worth and ultra-high-net-worth clients, improve its family office services, and expedite the onboarding process for advisory teams.
Elevation Point recently completed its third investment of 2025, reinforcing its strategy of forming minority-stake partnerships that allow advisors to grow while maintaining full control over their operations.
Elevation Point founding partner Mark Penske said: “Emigrant provides access to an exceptional platform of capabilities that will help our partners grow and serve the evolving needs of the high-net-worth community.
“We’ve been overwhelmed by the market’s response to our approach—and this partnership further accelerates that momentum.”
Emigrant Partners has a history of 18 years in making minority, non-voting investments in leading wealth management firms.
It operates as a key division of Emigrant Bank and Milstein Companies, a family-owned entity with a diverse portfolio in wealth solutions, banking, trust, real estate, private markets, specialty finance, and professional sports.
Emigrant Partners CEO and president Jenny Souza said: “As we got to know Jim and the Elevation Point team, we were struck by how aligned their model was with ours—empowering advisors to achieve independence and scale without compromising standards and control.
“They’re a diversifying addition to our network, increasing our exposure to breakaway teams, a channel we believe will benefit from our combined strategic advisory and capital resources.”
“Emigrant Partners picks minority stake in Elevation Point” was originally created and published by Private Banker International, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
