Deals Of The Day: The Latest In Wealth Management M&A – Elevation Point, Stonebrook Private

Editorial Staff

17 January 2025

Elevation Point, Stonebrook Private
Elevation Point, a growth accelerator and minority stake partner for independent advisors and breakaway firms, has made a strategic investment in Stonebrook Private, based in Northville, Michigan.

Stonebrook is led by Todd D Knickerbocker and Spencer Knickerbocker. It is a fee-only, fiduciary advisory firm with over $750 million in assets under management. The firm has a team of 10 people.

“This partnership with Elevation Point marks an exciting new chapter for our firm,” Todd Knickerbocker said. “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.”

Elevation Point has made a number of recent hires, such as those of Brad Smithy as founding partner and head of wealth management, Robert Tamarkin, founding partner and head of business development, and Caitlin Douglas, founding partner and chief operating officer,

In addition to Jim Dickson, Elevation Point's leadership team has expanded with hires in recent months, including Brad Smithy, founding partner and head of wealth management, Robert B Tamarkin, founding partner and head of business development, Jenna Bloomgarden, head of marketing and advisor experience, and Brian R Terraciano head of operations.