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Elevator Magnate: Karl Reeves

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.

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

To carve out his own path separate from family obligations, Karl Reeves entered the financial sector in 1993.

Initially a registered Series 7 representative, Karl swiftly advanced to the role of Registered Principal (RP) by 1996.

At Taglich Brothers, he set himself apart as a leading producer in private placements, all while contributing his expertise to research efforts, particularly in quantitative and technical aspects.

Karl Reeves legal in 1998, Karl delved into entrepreneurship by founding his own Office of Separate Jurisdiction within Emmet A Larkin Financial. In this role, 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 demonstrated his versatile skill set by introducing an innovative enterprise solution software package to enhance 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.

In the following seven years, Karl expertly steered Consolidated through evolving 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 ascent from financial whiz to elevator business titan is proof of his ambition and self-starting spirit. He started out in his family’s business, went to school, worked in banking, and then returned to the elevator sector. Karl Reeves has been known as an elevator tycoon and left a lasting legacy in the industry by ingenious problem-solving, astute partnerships, and a deep sense of connection to his ancestry.

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