Elevation Point, a growth accelerator and minority stake partner for independent advisors and breakaway firms announced its strategic investment in Stonebrook Private, based in Northville, Michigan.
Headed by Todd D. Knickerbocker and Spencer Knickerbocker, CFA, CAIA, CFP, Stonebrook Private is a fee-only, fiduciary advisory firm with over $750 million in assets under management (AUM). And the firm is known for its multi-generational, highly experienced leadership team and comprehensive wealth, tax, and estate planning services.
The firm’s 10-person team fosters open, ongoing dialogue with each client, ensuring their unique perspectives are heard and reflected in a custom investment strategy aligned with their evolving life goals.
Along with Jim Dickson, Elevation Point’s leadership team brings many decades of combined industry experience and has rapidly expanded with key hires in recent months, including Brad Smithy as founding partner and head of wealth management, Robert B. Tamarkin as founding partner and head of business development, Caitlin Douglas as founding partner and chief operating officer, Jenna Bloomgarden as head of marketing and advisor experience, and Brian R. Terraciano as head of operations.
KEY QUOTES:
“Stonebrook Private, with its strong Midwest roots, shares our client-first ethos and commitment to delivering an industry-leading experience. Their focus on tailored, forward-thinking strategies aligns with our vision, and their next-gen leadership and multi-generational team position the firm well to serve clients for decades to come. This deal also sets the stage for 2025, as this is just the start of the momentum, transformative partnerships, and growth to come at Elevation Point this year.”
- Jim Dickson, founding partner and CEO of Elevation Point
“This partnership with Elevation Point marks an exciting new chapter for our firm. Their minority stake model enables us to maintain control of our operations while leveraging their resources to accelerate growth while enhancing our client service capabilities.”
- Todd Knickerbocker
“Stonebrook Private’s high-caliber team and comprehensive services make them an ideal partner for us at Elevation Point*.** We look forward to collaborating, supporting their continued growth, and helping drive long-term value for their clients.”*
- Brad Smithy, founding partner and head of wealth management at Elevation Point
“The trend in wealth management is clear: clients are flocking toward independent, fiduciary advice. Beyond just investments, our families want to know how their portfolio, taxes, and estate work together. This partnership strengthens our ability to provide tailored, comprehensive services to our clients and opens the door to a myriad of solutions we can tap at Elevation Point to accelerate our growth.”
- Spencer Knickerbocker
