Elevation Point Acquires RIA Stake | $2.5B Breakaway Team
- Elevation point, a Minneapolis-based firm, has made a strategic minority investment in Family Office Partners, an independent registered investment advisor (RIA) managing approximately $2.5 billion.
- Family Office Partners, based in Lafayette, LA, was founded by former UBS advisors Benjamin domingue, Shawna Prejean, and Travis Frayard.
- Elevation Point, led by CEO Jim Dickson and Mark Penske, targets minority investments in independent RIAs with assets ranging from $200 million to $3 billion.
Elevation Point strategically invests in family Office Partners,a $2.5 billion autonomous registered investment advisor (RIA), marking its expansion into the breakaway advisor sector. This strategic move provides Family Office Partners with access to superior custodial solutions, enhancing its operational capabilities. The investment, led by Elevation Point’s Jim Dickson and Mark Penske, fuels growth within the ultra-high-net-worth market. Family Office Partners, established in Lafayette, LA, offers extensive services. This news, brought to you by News Directory 3, highlights the firm’s commitment to the independent RIA landscape. Elevation point’s investments empower burgeoning independent advisory firms. Discover what’s next for Family office Partners as they expand their reach.
Elevation Point Takes Stake in $2.5B Family Office Partners RIA
Updated June 23, 2025
Elevation point, a Minneapolis-based firm, has made a strategic minority investment in Family Office Partners, an independent registered investment advisor (RIA) managing approximately $2.5 billion. this move marks Elevation Point’s entry into the breakaway advisor space and follows its own minority interest sale to emigrant Partners earlier in the year.
Family Office Partners, based in Lafayette, LA, was founded by former UBS advisors Benjamin domingue, Shawna Prejean, and Travis Frayard. The 12-person team provides complete family office services to ultra-high-net-worth individuals, business owners, and multigenerational families. Their services include transaction advisory, liquidity event planning, ESOP solutions, estate structuring, and philanthropic advisory. this strategic investment in the independent RIA will help Family Office Partners grow.
Elevation Point, led by CEO Jim Dickson and Mark Penske, targets minority investments in independent RIAs with assets ranging from $200 million to $3 billion. Since its launch in 2024, the firm has completed six transactions, including investments in Stonebrook Private, Triton Wealth, and Fortage Capital advisors.
Elevation Point’s investment provides Family Office Partners with access to institutional-grade custodial solutions through Goldman Sachs and BNY Pershing, enhancing its operational capabilities.
“This team has built deep trust with some of the most sophisticated families in the country,” said Jim Dickson,CEO and founding partner of Elevation Point. “Their decision to go independent speaks volumes about were the industry is headed, and our role is to ensure they have every advantage as they build a firm that reflects their values, their clients’ needs, and their long-term vision.”
Elevation Point reported managing over $2.4 billion in assets as of Dec. 31, 2024, including over $1.5 billion in discretionary assets and more than $851.3 million in non-discretionary assets.
What’s next
With this investment, Family Office Partners is positioned to further expand its services and reach within the ultra-high-net-worth market, while Elevation Point continues to solidify its presence in the independent RIA landscape.