Elevation Point Partners with Stonebrook Private to Boost Midwest Growth

News Summary

Elevation Point has expanded its Midwest presence by investing in Stonebrook Private, a leading Michigan-based fiduciary advisory firm. This partnership aims to blend family business traditions with innovative investment strategies, enhancing client-first services while promoting strategic growth in the financial advisory landscape. Both firms are expected to thrive, leveraging each other’s strengths amidst changing market dynamics.

Elevation Point Expands Midwest Presence with New Investment in Stonebrook Private

In a delightful twist for the Midwest financial landscape, Elevation Point is making some exciting moves! This independent registered investment advisory (RIA) platform has kicked off 2025 by teaming up with the award-winning Stonebrook Private, a Michigan-based fiduciary advisory firm renowned for its impressive growth.

Why This Partnership Matters

Located in Northville, Michigan, Stonebrook Private boasts over $740 million in assets under management (AUM) and has been recognized as one of the fastest-growing RIAs in America. With a father-son duo, Todd D. Knickerbocker and Spencer Knickerbocker, at the helm, this partnership not only speaks to the strength of family business dynamics but also shows how tradition can blend beautifully with modern innovation. The union promises to create transformative opportunities for both firms as they navigate the financial seas of 2025 and beyond.

Elevation Point, co-founded in June 2024 by the visionary minds of Jim Dickson and Mark Penske, is all about nurturing independent advisory practices. They’ve built a successful platform aiming to empower advisors to do their best work, and this latest investment is a solid leap in that direction.

Elevating the Advisory Experience

One key highlight of this partnership is the client-first ethos that both Elevation Point and Stonebrook embody. Clients can expect tailored investment strategies designed specifically to align with their unique goals, a vital aspect of any advisory relationship. Stonebrook will maintain its operational control while gaining access to Elevation Point’s extensive resources to spur their growth further.

The leadership team at Elevation Point is also seeing an influx of talented individuals, including a wave of former UBS executives. This enrichment brings a wealth of knowledge and experience that can only enhance the platform’s infrastructure and improve service delivery for clients.

Insets of Significance

Elevation Point has been on a roll! As of September 30, they were managing over $3.4 billion in assets and reported a bustling pipeline of deals for 2025. An astonishing five teams are pushing towards the impressive milestone of $5 billion in AUM. Their business model focuses on finding firms that demonstrate strong organic growth, thus allowing them to take minority stakes in those firms. This approach adds a layer of smart strategy to their investment practices.

Jim Dickson emphasized the importance of helping advisors in a post-bull market landscape. With market conditions shifting, the pressure is on for advisory professionals to pivot and focus on client acquisition rather than relying solely on market expansion. This shift highlights the evolving nature of the financial advisory industry, with more clients favoring independent, fiduciary advisors who prioritize their best interests.

Looking Ahead

As we glance ahead at 2025, the partnership between Elevation Point and Stonebrook Private stands as a shining example of how independent advisory practices are evolving. The Midwest is witnessing a surge in fiduciary-centered practices, and with Elevation Point’s commitment to elevating these firms through tailored support and strategic capital investment, there’s a lot to look forward to in the coming years.

In an age where the financial sector is becoming increasingly client-centric, this strategic investment signifies a powerful shift towards prioritizing client wellness and growth over traditional models. As Elevation Point continues to expand and gather momentum in this competitive industry, they are setting new standards for what it means to operate in the best interest of clients while allowing advisory firms to thrive independently.

So, whether you’re based in Michigan or any part of the Midwest, keep your eyes on these rising stars. The future is looking bright, and collaboration like this leads the way to innovative solutions for all clients involved.

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Additional Resources

• Investment News: Elevation Point Expands Midwest Presence
• PR Newswire: Elevation Point Strategic Stake Announcement
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