On January 14, 2025, Elevation Point, LLC announced that it acquired a minority stake in Stonebrook Private.
Elevation Point, LLC (“Elevation Point”) announced, on January 14, 2025, that it acquired a minority stake in Stonebrook Private (“Stonebrook”) in a transaction that closed on January 10, 2025. Under the terms of the transaction, Elevation Point acquired between 20-30% stake in Stonebrook. Further terms of the deal were not disclosed.
Elevation Point, based in Minneapolis, Minnesota, is an investment firm investing in registered investment advisors. Elevation Point offers growth capital, middle and back office support and compliance support to registered investment advisors. Elevation Point, through its wholly owned subsidiaries, Elevation Point Wealth Partners, LLC, and Princeton Fund Advisors, LLC, has approximately $3.4 billion in assets under management.
Stonebrook, based in Northville, Michigan, is a fee-only registered investment advisor offering wealth planning, tax planning and estate planning services. As of December 2024, Stonebrook had approximately $753 million in regulatory assets under management.
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