Boenning & Scattergood Acquires Columbus Macro | Business

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

Boenning & Scattergood, a entire-provider brokerage, prosperity administration, and cash marketplaces firm recognized in 1914, announces its acquisition of Columbus Macro, LLC, a Pittsburgh-dependent boutique asset administration agency. Columbus Macro manages close to $400mm for institutions, government entities, community pension programs, economical gurus, and higher-web-well worth people today and people. The transaction will make Columbus Macro a wholly owned subsidiary of Boenning & Scattergood Advisors (BSA), the asset management unit of Boenning & Scattergood.

Craig Columbus (Photo: Business enterprise Wire)

This acquisition establishes a foothold for Boenning & Scattergood in the institutional asset management enterprise and developments the firm’s strategic vision to construct a ideal-in-class wealth and expenditure management platform. “This is a milestone instant in our company’s history and a exclusive prospect to join two corporations with related visions and shared values,” mentioned Michael Mara, President of Boenning & Scattergood. “The acquisition reflects Boenning’s aim to offer you our advisors and clientele entry to a higher depth of proprietary industry insights and knowledge, enhanced asset administration capabilities, and professionally managed portfolio options.”

Craig Columbus, CEO of Columbus Macro, is just one of Wall Street’s most highly regarded strategists and modern thinkers. He launched his eponymous agency in 2016 with a mission to create lively, world wide financial investment procedures that aid consumers in acquiring their fiscal ambitions and wants. The agency specializes in lively world investing and danger administration for switching market conditions although utilizing multi-asset portfolios, core approaches for precise asset lessons, and custom made-intended portfolio remedies. Mr. Columbus and his investment decision workforce are known throughout the field for their rigorous investment decision system, differentiated exploration insights, and hazard management self-discipline.

“My colleagues and I are extremely psyched to be a part of a agency with the custom, talent, and capabilities of Boenning & Scattergood. I have great regard for the lifestyle of the business and look forward to remaining part of the future chapter in its abundant background,” mentioned Mr. Columbus.

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

“I am honored and psyched to have Craig and the entire Columbus Macro crew be a part of our organization,” stated Mr. Maddaloni. “Having an individual of Craig’s caliber, reputation, and background significantly improves the capabilities and methods we can provide to our money advisors and customers. It also catapults us into the institutional asset management space and results in an remarkable new basis for expansion at Boenning & Scattergood.”

About Boenning & Scattergood

Established in 1914, Boenning & Scattergood is one of the oldest impartial regional securities, prosperity administration, and financial investment banking corporations in the region. Pros at the agency offer person buyers, corporate and municipal clientele, and establishments a total complement of financial solutions, like brokerage, wealth administration, equity investigation, equity and fastened income gross sales and trading, expense banking, community finance, fairness solution method, and asset administration. For extra information and facts, remember to check out www.boenninginc.com. Member FINRA / SIPC.

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

Copyright Company Wire 2021.