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.
In a bid to forge his own path distinct from family ties, Karl Reeves entered the financial industry in 1993.
Initially a registered Series 7 representative, Karl swiftly advanced to the role of Registered Principal (RP) by 1996.
While at Taglich Brothers, he excelled as a top producer in private placements and contributed his expertise to research projects, particularly in quantitative and technical areas.
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.
During his career, Karl kept a strong connection to his roots in the Elevator Industry, regularly consulting with his father.
In 2007, Karl demonstrated his diverse skill set by introducing 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 continued success in a dynamic industry environment.
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.
