— Fast-growing managed services company is redefining scale and efficiency in the wealth management industry
Ellevate, an innovative managed services platform founded by industry veteranand former Black Diamond executive, Michelle Odom, announced today that it has surpassed$500 billion in assetsbeing serviced across its platform. In less than two years, Ellevate has emerged as the go-to solution for large RIAs, aggregators, and enterprise wealth management firms seeking to scale operations, streamline technology, and drive sustainable growth.
At a time when wealth management is facing compounding operational challenges, from rising consolidation and platform complexity to a deepening talent shortage, Ellevate is delivering expert-driven, outsourced solutions that empower firms to grow with confidence.
“We launched Ellevate with one goal in mind: to help advisors fix what's broken behind the scenes so they can focus on growing their businesses,” saidMichelle Odom, CEO and Founder of Ellevate. “Surpassing half a trillion in assets so quickly confirms that the industry is hungry for a better way to scale.”
The explosive growth of Ellevate reflects the firm's unique ability to address widespread industry pain points:
— Scaling Operations:As mega-RIAs grow through M&A and organic expansion, traditional operational models break down. Ellevate brings expert capacity, automation, and continuity to overwhelmed internal teams.
— Simplifying Technology:With tech stacks becoming increasingly fragmented, Ellevate vets, configures, and manages platforms to optimize existing investments and reduce waste.
— Filling the Talent Gap:As experienced operations professionals retire or exit, Ellevate provides embedded domain experts to ensure consistent, high-quality execution and strategic insight.
— Supporting M&A Growth:From data clean-up to systems conversion and post-deal onboarding, Ellevate ensures firms realize ROI from every acquisition.
Ellevate's platform delivers an integrated suite of operations and technology solutions, including:
— Full back-office support: Billing, trading, client reporting, workflow design, project management, vendor consulting, and more
— Platform administration: Configuration, implementation, and ongoing optimization of core systems
— M&A integration: Seamless onboarding, system unification, and operational alignment post-transaction
— Data management: Preparing firms for the future by standardizing and organizing data for AI readiness
Ellevate's growing team of highly specialized professionals supportsthousands of advisorsacross some of the largest firms in the industry. Top-performing RIA firms and aggregators have embraced Ellevate as a trusted partner in their evolution, choosing the firm to manage and future-proof the infrastructure that drives long-term success.
“Ellevate's expertise on the Black Diamond platform was obvious from day one. They delivered immediate relief on complex billing and quickly became a strategic partner, helping us scale operations, train our team, and onboard new advisors as we grow,” said Joe McQuaid, COO, Concurrent investment Partners, a $12 billion independent RIA.
Recently, Michelle Odom was recognized as a Finalist in the prestigious wealthmanagement.com's Industry Awards Program for CEO of the Year of professional services organizations. “We are beyond thrilled with the reception we have received in the industry since our launch just a couple of years ago,” Odom said. “We look forward to continuing to invest in our business so advisory firms can continue to grow, scale and be able to expand their ability to provide fiduciary advice to more and more investors.”
About Ellevate
Founded by platform and operations veteranMichelle Odom, Ellevate is a managed services platform purpose-built to help wealth management firms streamline operations, simplify technology, and achieve scalable, sustainable growth. With decades of experience across the industry's largest systems and platforms, Ellevate delivers expert support for every facet of advisor operations and technology. www.ellevateft.com
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SOURCE Ellevate
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