Elevation Point, a US-based wealth management firm, has acquired a minority stake in registered investment adviser (RIA) Triton Wealth.
The financial terms of the transaction have not been disclosed.
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Located in Aitkin, Minnesota, Triton Wealth was founded by Michael Ryan and Wesley Hoppe.
The firm, which manages over $225m in assets, caters to business owners, professionals, and retirees, offering services from high-net-worth to mass affluent clients.
Triton Wealth specialises in creating tailored strategies for retirement planning, investment and risk management, business succession, and wealth transfer.
Elevation Point founding partner and CEO Jim Dickson said: “Triton Wealth’s steadfast commitment to a fiduciary, client-first standard of care and to building deep, lasting, generational relationships, coupled with its mission to support, educate, and guide, aligns closely with the core values we emphasise at Elevation Point—partnership, enhancing the client experience, and elevating the industry.
“This partnership highlights the continued momentum of our minority stake partnership model, which is designed to align interests and provide tailored support for firms seeking growth.”
Triton Wealth founding partner and wealth advisor Michael Ryan said: “After evaluating multiple partnership options, Elevation Point stood out for its minority stake partnership model designed to align interests and enhance the client experience.
“We believe their advanced technology, comprehensive resources, and industry expertise can help us accelerate our growth—while better serving and adding value for our clients.”
This investment follows Elevation Point’s recent acquisition of a minority stake in Stonebrook Private, a fiduciary advisory firm based in Northville, Michigan, with over $750m in assets under management.
Stonebrook Private, led by Todd D Knickerbocker and Spencer Knickerbocker, focuses on wealth, tax, and estate planning services.
Established in June 2024, Elevation Point is also an RIA, with a focus on expansion of independent advisory firms.
At inception, the company outlined its partnership model, which includes a minimum 20% investment in independent businesses to support their growth.
Looking ahead, Elevation Point has more deals in the pipeline.
