Roughly a month after accepting a strategic investment from Emigrant Partners, Elevation Point has expanded its board of directors with two new additions.
On Monday, the strategic growth partner focusing on RIAs and wirehouse breakaway teams, announced that Eric Clarke, founding chief executive of Orion Advisor Solutions, and Mike Mikan, chief executive of NeueHealth and former CFO of UnitedHealth Group have officially joined its board.
The appointments come as the firm looks to deepen its reach into advisor technology and scale-focused investment strategies.
Elevation Point, launched last year by former Sanctuary Wealth CEO Jim Dickson and Mark Penske, has positioned itself as a partner to wealth management firms looking to accelerate growth through minority capital and strategic guidance.
“With long histories of reshaping companies and industries, Eric is a proven disruptor in wealthtech, and Mike brings deep experience in complex deal structuring,” Dickson, chief executive of Elevation Point, said in a statement on Monday. “Both will bring invaluable strategic insight to our board.”
Clarke, who led Orion for more than two decades before being succeeded by Natalie Wolfsen in 2023, emphasized the rising importance of digital infrastructure in advisor growth strategies.
“In the age of AI, independent advisors have unprecedented opportunities to scale through technology, and Elevation Point is leading the way in ensuring that this technology is tailored to drive real, meaningful impact for both advisors and their clients,” he said.
Mikan currently leads NeueHealth, a healthcare platform affiliated with Bright Health Group. His executive background includes roles as CEO of Optum, interim CEO of Best Buy, and president of ESL Investments. Known for steering complex corporate transformations, Mikan adds deal and operational depth to the firm’s advisory bench.
Also on Monday, Elevation Point announced the retirement of John Sabre from his role as executive chairman of the board. Sabre, former CEO of Mount Yale, remains an investor in the firm following its acquisition by Elevation Point in 2024. Greg Anderson, co-founder of Mount Yale and now chief investment officer at Elevation Point, will continue to serve on the board, alongside Dickson, Penske, and the two newly appointed members.
The firm also revealed Liz Nesvold, chair of Emigrant Partners, joined the board as an observer in May following the reveal of the Emigrant Bank subsidiary's strategic investment in Elevation Point last month.
Apart from Emigrant Partners, Elevation Point is backed by Milstein Companies, a multigenerational family enterprise with holdings across banking, real estate, and financial services.
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