Strategic equity investment and expanded credit facility strengthen Elevation Point’s capacity to partner with independent advisory firms and breakaway teams

MINNEAPOLIS, Nov. 9, 2026 /PRNewswire/ — Elevation Point, a growth accelerator and minority stake partner for independent advisors and breakaway firms, today announced a non-controlling investment and expanded credit facility from Merchant. The partnership will support Elevation Point’s continued growth and expand its capacity to provide capital, expertise and resources as more advisory firms and teams seek independence.

Since launching in 2024, Elevation Point has made minority investments in 15 advisory firms representing $18 billion in client assets under supervision. With a substantial pipeline of prospective partnerships, the firm is entering its next phase of growth, building on a model that allows advisors to retain control of their businesses while gaining support to grow and serve clients.

Merchant provides flexible capital solutions and strategic resources to independent wealth management firms around the world. Its non-controlling investment preserves Elevation Point’s independence and reflects the firms’ shared commitment to supporting advisor ownership and entrepreneurial leadership.

“This is a proud moment and an important step for Elevation Point as we build on the foundation we’ve established and support more advisors choosing independence,” said Jim Dickson, Founding Partner and CEO of Elevation Point. “I’ve known many of Merchant’s executives for years, and we share a philosophy about how to work alongside entrepreneurial firms and help them grow. Merchant’s capital, experience and resources will help us meet the opportunities ahead. We’re grateful to the advisors who trusted us early and the team whose work has brought us to this point.”

“Jim and the Elevation Point team have built a business with a clear purpose: helping advisors grow while preserving what makes their firms successful,” said Marc Spilker, Executive Chairman of Merchant. “We share that commitment to advisor ownership and independence, and look forward to supporting Elevation Point with the capital and resources to build on its momentum.”

As part of the transaction, Emigrant Partners has exited its stake in Elevation Point. Financial terms were not disclosed.

“Emigrant Partners believed in us from the beginning, and their backing helped us establish the business we have today,” added Mr. Dickson. “We’re pleased to have delivered a strong return for them and grateful for the relationship we’ve built. We look forward to continuing to work together through their family office services.”

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

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 provides capital, expertise and institutional-quality resources while advisors retain ownership and control. As an accelerator, Elevation Point helps partner firms preserve their brands, cultures and client relationships while gaining the support to grow on their own terms.

For more information, visit elevationpoint.com.

Disclosures

Assets under supervision (AUS) figures include regulatory assets managed and advised upon as reporter by each team or firm at the time of its partnership with Elevation Point.

About Merchant

Merchant provides independent wealth management firms around the world with lifecycle growth capital, strategic partnership and access to a scaled global ecosystem. For nearly a decade, Merchant has been focused on advancing the wealth management industry through a distributed, collaborative operating model and a uniquely aligned capital structure. Today, Merchant’s ecosystem includes more than 140 partner firms and financial services practices in five countries, collectively overseeing ~$500 billion in assets.

For additional information, please visit www.merchantim.com.

Media Contacts

Elevation Point: Sarah Tremallo, JConnelly
ElevationPoint@jconnelly.com 
908-967-0381

Merchant: Kate McGann
kate@merchantim.com 
240-888-4078

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SOURCE Elevation Point