At a glance
- The team will custody assets with Goldman Sachs, a separate arrangement from the equity stake, according to the same deal log.
- The record describes the deal as a minority stake, not an acquisition; no price, stake percentage or description of how the remaining ownership is divided is given.
- Elevation Point is pursuing a $50 billion goal, according to the record; $750 million is 1.5% of that target.
Elevation Point has taken a minority stake in Truing Capital Advisors, a Las Vegas team with $750 million in assets that was formerly MPI Wealth Management at UBS, according to our deal log.
The team will custody assets with Goldman Sachs, a separate arrangement from the equity stake, according to the same deal log.
The record describes the deal as a minority stake, not an acquisition; no price, stake percentage or description of how the remaining ownership is divided is given.
Elevation Point is pursuing a $50 billion goal, according to the record; $750 million is 1.5% of that target. The record gives no timetable, deal count or pipeline.
Reported by the Deals & PE desk from Private Wealth Daily deal log and Private Wealth Daily deal log. Published . Updated Oct 28, 2026 · 2:57 p.m. ET. Corrections