What You Should Know About This Year

The Rise of Elevator Magnate: Karl Reeves in the Elevator Industry

Elevator Magnate: Karl Reeves has gained extensive experience in the business sector, stemming from his upbringing in Consolidated Elevator, the family business. This experience provided him with valuable insights into all facets of small business operations and the elevator industry.

Through his academic pursuits, he earned 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.

Initially a registered Series 7 representative, Karl swiftly advanced to the role of 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 embarked on an entrepreneurial journey, founding his own Office of Separate Jurisdiction within Emmet A Larkin Financial. Here, he served as the RP and compliance officer, led a team of brokers, and managed 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 signaled the start of his deeper involvement in the family business, where he gradually took on a more active role, engaging in critical 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.

Karl Reeves’s rise from financial expert to industry leader in the elevator sector is evidence of his drive and ability to take initiative. His path began with his family’s business and took him through school, into banking, and back to the elevator industry. Karl Reeves has established his name as an elevator magnate and made a lasting impression on the business by creative problem-solving, savvy collaborations, and a strong sense of kinship with his historical roots.