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Triton Wealth Partners with Elevation Point in Strategic Investment

Elevation Point's investment in Triton Wealth enhances financial advisory services.

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News Summary

In a significant development, Elevation Point has made a strategic investment in Triton Wealth, a Registered Investment Adviser based in Aitkin, Minnesota. This partnership aims to strengthen Triton Wealth’s influence and enhance its services for clients. Triton Wealth, co-founded by Michael J. Ryan and Wesley T. Hoppe, specializes in tailored wealth management solutions for business owners and affluent individuals. With this collaboration, both firms are positioned to significantly improve client experiences and grow their presence in Minnesota’s advisory landscape.

Aitkin, Minnesota: A New Chapter for Triton Wealth

Exciting news is buzzing around Aitkin, Minnesota! Elevation Point, a savvy growth accelerator dedicated to independent advisors, has decided to make a strategic investment in Triton Wealth, a local Registered Investment Adviser (RIA). This move is not just a financial transaction; it’s a partnership aimed at amplifying Triton Wealth’s influence and reach while fortifying Elevation Point’s footprint in the Land of 10,000 Lakes.

The Triton Wealth Story

Triton Wealth, co-founded by the dynamic duo of Michael J. Ryan and Wesley T. Hoppe, has made quite a splash in the wealth management scene since its inception in 2010 under its former name, Ryan & Hoppe Investment Management. Managing over $225 million in assets under management (AUM) is no small feat! The firm caters to a diverse clientele, including business owners, retirees, and successful professionals who appreciate quality advice, custom strategies, and a personal touch in their financial planning.

Services That Matter

Triton Wealth specializes in critical areas like retirement planning, investment, risk management, business succession, and wealth transfer. This expertise is particularly designed for high-net-worth and mass affluent clients, ensuring that each strategy is tailored to meet individual financial goals. With a reputation built on trust and mutual respect, Triton Wealth is putting its clients at the center of everything it does.

Creative Synergy

The investment marks Elevation Point’s ongoing commitment to working alongside firms that prioritize a fiduciary, client-first approach. By choosing Triton Wealth, Elevation Point is clearly aligning with a partner that shares its foundational values. The collaboration is envisioned not merely as a financial boost but as a way to enhance the client experience further, leveraging Elevation Point’s extensive resources and industry expertise.

A Boost for Minnesota’s Presence

Brad Smithy, a key player at Elevation Point, has stated that bringing Triton Wealth on board will fortify their existing presence in Minnesota. This is significant for clients looking for reliable local advisors who understand the community’s unique needs. It highlights a dynamic two-way street of support and growth, aimed at providing greater services and outreach for Minnesota residents.

Making Waves in the Industry

This strategic investment is marked as Elevation Point’s second significant transaction in 2025. The firm’s previous investment was a minority stake in Stonebrook Private, another fiduciary advisory firm located in Northville, Michigan, which oversees an impressive $750 million in AUM. Elevation Point is clearly on a mission, aiming to create a network of successful advisory firms while focusing heavily on minority stake partnerships with those transitioning towards independence.

The Bigger Picture

Elevation Point isn’t just about numbers. With a total of over $3.4 billion in combined assets under management via its subsidiaries, the firm intends to take its growth strategy up a notch by offering tailored support that helps its partner firms thrive. Their minimum 20% stake in advisory firms is indicative of their commitment to align interests effectively, making sure that everyone is working towards common goals.

Looking Ahead

With Elevation Point founded in June 2024 by industry veteran Jim Dickson, the firm is already capturing headlines with its forward-thinking approach and strategic partnerships. This latest investment in Triton Wealth signifies just the beginning of what could be a game-changing move in the advisory space in Minnesota and beyond.

As both firms prepare for what lies ahead, the clients can surely expect even more personalized service and comprehensive wealth management strategies that truly consider each individual’s needs. It looks like the future is shining brightly for both Triton Wealth and Elevation Point!