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Boenning & Scattergood Acquires Columbus Macro

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

Boenning & Scattergood, a full-service brokerage, prosperity management, and capital markets organization proven in 1914, announces its acquisition of Columbus Macro, LLC, a Pittsburgh-based boutique asset administration organization. Columbus Macro manages about $400mm for institutions, govt entities, community pension plans, fiscal professionals, and substantial-net-really worth people and people. The transaction will make Columbus Macro a wholly owned subsidiary of Boenning & Scattergood Advisors (BSA), the asset administration unit of Boenning & Scattergood.

This press release capabilities multimedia. See the comprehensive launch here: https://www.businesswire.com/news/house/20210331005615/en/

Craig Columbus (Photo: Enterprise Wire)

This acquisition establishes a foothold for Boenning & Scattergood in the institutional asset administration small business and improvements the firm’s strategic vision to create a finest-in-course prosperity and financial commitment administration platform. “This is a milestone moment in our company’s record and a exceptional chance to join two corporations with related visions and shared values,” said Michael Mara, President of Boenning & Scattergood. “The acquisition reflects Boenning’s intention to offer our advisors and customers entry to a greater depth of proprietary sector insights and experience, enhanced asset management capabilities, and skillfully managed portfolio answers.”

Craig Columbus, CEO of Columbus Macro, is 1 of Wall Street’s most respected strategists and modern thinkers. He founded his eponymous firm in 2016 with a mission to produce energetic, global expenditure tactics that help clientele in achieving their economical goals and requires. The firm specializes in energetic global investing and danger administration for shifting current market disorders whilst using multi-asset portfolios, core tactics for distinct asset courses, and personalized-created portfolio options. Mr. Columbus and his investment team are acknowledged through the field for their rigorous investment decision approach, differentiated research insights, and hazard administration self-discipline.

“My colleagues and I are quite psyched to sign up for a business with the tradition, expertise, and capabilities of Boenning & Scattergood. I have great respect for the tradition of the company and glimpse ahead to remaining portion of the upcoming chapter in its prosperous heritage,” said Mr. Columbus.

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

“I am honored and fired up to have Craig and the entire Columbus Macro workforce be part of our company,” mentioned Mr. Maddaloni. “Having anyone of Craig’s caliber, popularity, and history significantly improves the capabilities and remedies we can offer you to our economical advisors and consumers. It also catapults us into the institutional asset administration house and produces an thrilling new foundation for progress at Boenning & Scattergood.”

About Boenning & Scattergood

Founded in 1914, Boenning & Scattergood is one particular of the oldest impartial regional securities, prosperity administration, and investment banking companies in the place. Specialists at the agency deliver particular person investors, company and municipal consumers, and institutions a total complement of fiscal providers, which includes brokerage, wealth management, equity exploration, equity and set income sales and trading, expenditure banking, public finance, equity possibility strategy, and asset management. For far more data, remember to take a look at www.boenninginc.com. Member FINRA / SIPC.

Watch resource variation on businesswire.com:https://www.businesswire.com/news/house/20210331005615/en/

Get hold of: Andrew Maddaloni

Head of Asset Administration

Boenning & Scattergood

610.862.5331

[email protected] Weintraub

Manager, Internet marketing & Corporate Communications

Boenning & Scattergood

610.832.5259

[email protected]

Search term: UNITED STATES NORTH The us PENNSYLVANIA

Sector Key phrase: Skilled Services Coverage FINANCE CONSULTING BANKING ACCOUNTING

Source: Boenning & Scattergood

Copyright Business Wire 2021.

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

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

Copyright Small business Wire 2021.

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