Elevation Point, an investment firm launched in June from former Sanctuary Wealth CEO Jim Dickson with $3.4 billion in total assets, continues to build out its senior management team with two additions in marketing and operations.
The firm has hired Jenna Bloomgarden, a former director of marketing and advisor development at Summit Financial, as head of marketing and advisor experience. Brian Terraciano, a former senior director, middle office wealth solutions at BNY Pershing, has also joined as chief operating officer.
“Jenna's background in marketing, advisor naming and business development, along with Brian's deep operational knowledge and dedication to improving the client experience, will strengthen our value proposition for advisors seeking independence and growth, Dickson said in a statement.
In her new role at Elevation Point, Bloomgarden will be responsible for the firm's digital marketing, website development, and branding and messaging efforts.
Prior to her time at Summit, Bloomgarden was a vice president at Dynasty Financial Partners. Prior to that, she served as director of client services for Graystone Consulting, an institutional consulting business of Morgan Stanley.
In his new role at Elevation Point, Terraciano will be responsible for the post-transition experience for advisor teams and clients. In his previous role at BNY Pershing, he led a global operations team supporting RIAs, family offices, trust companies and broker/dealers.
Employees follow the news in September that Elevation Point added Caitlin Douglasformer managing director of transition services and co-head of service at Dynasty Financial Partners, as its chief operating officer.
Dixon announced launch of Elevation Point in June. The firm will take minority stakes in RIAs with $200 million to $3 billion in client assets and contribute resources to help those firms grow. He partnered with Mark Penske, founder and chairman of United Atlantic Capital, a privately held financial services company, on the new venture.
In conjunction with the launch, the firm acquired Mount Yale Capital Group, an RIA and subcontracted chief investment officer with $3.4 billion in assets under management, to provide middle and back-end business functions to support advisors.
Since then, Dixon has built his team. In July, he added Bradford Smithy and Robert B. Tamarkinformer UBS executives as founding partners. They serve on the executive committee and focus on partnership development and Elevation Point's growth and expansion efforts. This will include working to identify partnership opportunities, helping to define the overall strategic vision for the firm and talent acquisition.
The firm also hired Ryanne Gardner, a former BNY Pershing executive, as head of partner integration.
In August, Naomi Stein joined from Corient as platform director.
Kelly Berenbaum, founder and principal planner at Blue Tree Financial, also came on board as director of customer experience.
Elevation Point was launched through a funding round oversubscribed by a combination of family office investors and some debt capital.