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Boenning & Scattergood Acquires Columbus Macro | Business enterprise

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WEST CONSHOHOCKEN, Pa.–(Company WIRE)–Mar 31, 2021–

Boenning & Scattergood, a complete-services brokerage, wealth management, and cash marketplaces firm recognized in 1914, announces its acquisition of Columbus Macro, LLC, a Pittsburgh-based mostly boutique asset administration agency. Columbus Macro manages about $400mm for institutions, government entities, general public pension programs, fiscal gurus, and superior-web-value persons and families. The transaction will make Columbus Macro a wholly owned subsidiary of Boenning & Scattergood Advisors (BSA), the asset management device of Boenning & Scattergood.

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Craig Columbus (Picture: Company Wire)

This acquisition establishes a foothold for Boenning & Scattergood in the institutional asset administration enterprise and improvements the firm’s strategic vision to develop a ideal-in-course wealth and financial commitment administration platform. “This is a milestone instant in our company’s heritage and a one of a kind prospect to join two corporations with equivalent visions and shared values,” mentioned Michael Mara, President of Boenning & Scattergood. “The acquisition reflects Boenning’s target to offer our advisors and shoppers access to a bigger depth of proprietary market place insights and experience, increased asset management abilities, and skillfully managed portfolio options.”

Craig Columbus, CEO of Columbus Macro, is a single of Wall Street’s most highly regarded strategists and revolutionary thinkers. He launched his eponymous organization in 2016 with a mission to create lively, world-wide expense procedures that guide shoppers in reaching their economic plans and needs. The business specializes in lively world-wide investing and chance management for shifting current market circumstances even though using multi-asset portfolios, main strategies for unique asset classes, and tailor made-intended portfolio solutions. Mr. Columbus and his investment team are known during the marketplace for their rigorous investment decision approach, differentiated investigation insights, and threat management self-discipline.

“My colleagues and I are extremely enthusiastic to sign up for a agency with the tradition, talent, and abilities of Boenning & Scattergood. I have terrific respect for the culture of the agency and search forward to staying element of the following chapter in its wealthy heritage,” claimed Mr. Columbus.

Mr. Columbus will carry on to be CEO of Columbus Macro whilst also becoming named Chief Expense Officer of BSA. He will report to Andrew Maddaloni, Head of Asset Management.

“I am honored and fired up to have Craig and the entire Columbus Macro group be a part of our company,” stated Mr. Maddaloni. “Having a person of Craig’s caliber, popularity, and track record substantially enhances the capabilities and remedies we can offer to our monetary advisors and shoppers. It also catapults us into the institutional asset management space and produces an remarkable new basis for progress at Boenning & Scattergood.”

About Boenning & Scattergood

Proven in 1914, Boenning & Scattergood is a single of the oldest independent regional securities, prosperity administration, and expenditure banking firms in the country. Experts at the organization deliver individual traders, company and municipal shoppers, and establishments a full enhance of economic companies, such as brokerage, prosperity administration, equity investigation, fairness and fastened revenue gross sales and trading, financial investment banking, community finance, fairness possibility tactic, and asset administration. For far more information and facts, remember to take a look at www.boenninginc.com. Member FINRA / SIPC.

Check out source model on businesswire.com:https://www.businesswire.com/information/home/20210331005615/en/

Speak to: Andrew Maddaloni

Head of Asset Management

Boenning & Scattergood

610.862.5331

[email protected] Weintraub

Supervisor, Internet marketing & Corporate Communications

Boenning & Scattergood

610.832.5259

[email protected]

Keyword: UNITED STATES NORTH America PENNSYLVANIA

Marketplace Search term: Expert Providers Insurance coverage FINANCE CONSULTING BANKING ACCOUNTING

Supply: Boenning & Scattergood

Copyright Enterprise Wire 2021.

PUB: 03/31/2021 09:15 AM/DISC: 03/31/2021 09:15 AM

http://www.businesswire.com/information/residence/20210331005615/en

Copyright Business enterprise Wire 2021.

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