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  • aebi
  • February 22, 2024
  • The Rise of Elevator Magnate: Karl Reeves in the Elevator Industry

    Elevator Magnate: Karl Reeves has garnered extensive business experience, starting from his childhood within Consolidated Elevator, the family business. This early exposure provided him with invaluable insights into all facets of running a small business and the elevator trade.

    His academic endeavors led him to achieve a BS in Electrical Engineering and a BA in Psychology.

    Seeking to chart his own course separate from familial ties, Karl Reeves transitioned into the financial industry in 1993.

    Commencing as a registered Series 7 representative, Karl Reeves quickly advanced to becoming a Registered Principal (RP) by 1996.

    During his tenure at Taglich Brothers, he distinguished himself as a top producer in private placements while also contributing his expertise to research endeavors, quantitative and technical.

    Karl Reeves legal In 1998, Karl ventured into entrepreneurship by establishing his own Office of Separate Jurisdiction within Emmet A Larkin Financial, where he not only served as the RP and compliance officer but also led a team of brokers while managing his own book of business.

    In 2004, Karl Reeves formed a strategic alliance with two longstanding associates to create Principal Advisors, Inc., a full-service Broker Dealer clearing through Sterne Agee, one of the oldest and largest privately-owned financial services firms in the nation.

    Throughout his professional journey, Karl remained closely connected to his origins in the Elevator Industry, seeking ongoing advice from his father.

    In 2007, Karl showcased his multifaceted skill set by implementing an innovative enterprise solution software package to streamline operations at Consolidated Elevator.

    This marked the start of his increased involvement in the family business, where he gradually took on a more hands-on role, actively participating in crucial decision-making and overseeing personnel.

    His leadership reached its peak with the successful acquisition of Colonial Elevator in 2012.

    By 2015, Karl made the pivotal decision to devote himself full-time to leading Consolidated Elevator, bidding farewell to a distinguished 22-year career in the financial sector characterized by an impeccable unblemished U4 record.

    Over the next seven years, Karl skillfully guided Consolidated through changing market dynamics.

    In a groundbreaking development completed in May 2023, Karl orchestrated the sale of Consolidated Elevator to American Elevator Group, the largest independent elevator company in North America. This strategic move positioned the combined entity for sustained success in a dynamic industry landscape.

    The transformation of Karl Reeves from a financial expert to a prominent figure in the elevator industry is a testament to his entrepreneurial spirit and leadership skills. His journey, rooted in family business, led him through academia and into finance before ultimately returning him to the elevator trade. Through strategic alliances, innovative solutions, and a deep connection to his roots, Karl Reeves has solidified his legacy as an elevator magnate, leaving an indelible mark on the industry.