Elevation Point Stakes $2.5B Breakaway Team That Left UBS

Elevation Point, an investment firm launched last year by Jim Dickson, has taken a minority stake in newly established registered investment advisor Family Office Partners in Lafayette, La. The team of advisors, with about $2.5 billion in client assets, recently broke away from UBS.

This represents Elevation Point’s first deal since selling a minority stake to Emigrant Partners in May and its first in the breakaway space. While Emigrant Partners and Elevation Point have similar business models, the investment gave Emigrant exposure to the breakaway advisor market.