Elevation Point Targets $5 Billion H2 Assets as It Weighs Capital Raise for $50 Billion Goal
Updated
Updated · Wealth Management · Jun 10
Elevation Point Targets $5 Billion H2 Assets as It Weighs Capital Raise for $50 Billion Goal
1 articles · Updated · Wealth Management · Jun 10
Summary
$5 billion in new platform assets is what Elevation Point expects to add in the second half of 2026, matching the roughly $5 billion it has already brought in this year.
$13.2 billion is the firm's current asset base since its mid-2024 launch, and CEO Jim Dickson said a strong pipeline of minority RIA investments should keep the back half busy.
$50 billion in assets within two years is the target driving talks of another capital infusion, with Dickson saying the firm needs more funding but does not want to give up control.
AI tools are also part of the growth plan: Elevation Point is building a customizable wealth workstation called Basecamp to cut back-office work and potentially save advisory teams two or three employees over time.
Competition for minority stakes in RIAs is intensifying as more capital enters the sector, with newer rivals including Growth Partners, Concurrent Partners and Accelerated Wealth Partners.