Elevation Point adds two execs to drive continued expansion

Elevation Point has added two new executives to its leadership ranks, a move the firm says will support its expanding national presence and accelerate growth efforts among RIA partners.

The growth partner, which takes minority stakes in independent advisory and breakaway firms, has named Melinda Brodbeck as head of corporate communications and Lara Galloway as head of growth.

In a Monday announcement, Elevation Point explained how the appointments reflect its intention to scale both its internal capabilities and its visibility across the wealth management industry.

Galloway will lead business development and organic growth initiatives across Elevation Point’s network of RIA partner firms. Her focus includes coaching advisor teams on client acquisition, branding and other practice expansion strategies. Prior to joining the firm, she was chief marketing officer at Goldstone Financial Group and held senior roles at marketing platform AcquireUp, formerly known as White Glove.

Caitlin Douglas, a founding partner and chief operating officer at Elevation Point, said Galloway’s “entrepreneurial mindset, industry credibility, and hands-on coaching approach” would contribute to the firm’s future trajectory.

Brodbeck, meanwhile, is tasked with overseeing strategic communications and further positioning the firm as a leader in the minority-stake investment space. She previously served in a senior leadership role at communications agency JConnelly, which has worked with Elevation Point as its agency of record. She and CEO Jim Dickson began working together during his previous ventures, a relationship that has continued into his current leadership role.

Dickson described both hires as pivotal to the firm’s next phase of development. “This is a defining moment,” he said, noting Galloway’s “legacy of scaling businesses” and Brodbeck’s “unique understanding of our DNA.”

The Monday hires follow recent strategic moves by Elevation Point, including a minority investment from Emigrant Partners.

More recently, it announced the addition of two new members to its board of directors: Eric Clarke, founding CEO of Orion Advisor Solutions, and Mike Mikan, chief executive of NeueHealth and former CFO of UnitedHealth Group.

Clarke stepped down from Orion in 2023 after more than two decades at the helm. Mikan currently leads NeueHealth, a healthcare platform under the Bright Health Group umbrella.

Elevation Point has grown to more than $4.2 billion in assets under management and focuses on partner firms with between $200 million and $3 billion in AUM. Its typical investment ranges between 20% and 40% ownership.

In February, the firm took a minority stake in Stonebrook Private, a $750 million advisory business led by a father-son team in Michigan. A month later, it welcomed another $225 million RIA partne, Triton Wealth, which works with business owners, professionals, and retirees in Minnesota.