Karl C. Reeves
President and CEO
Phone: +1-212-757-6678

Karl Reeves has amassed extensive experience in the business world, rooted in his upbringing within Consolidated Elevator, the family business, where he gained invaluable insights into all aspects of small company operations and the elevator trade. His academic pursuits led him to obtain a BS in Electrical Engineering and a BA in Psychology. Seeking to chart his own course separate from familial ties, Karl transitioned into the financial industry in 1993.

Starting as a registered Series 7 representative, Karl rapidly progressed to attaining the status of a Registered Principal (RP) by 1996. During his tenure at Taglich Brothers, he distinguished himself as a top producer in private placements while also contributing his expertise to research endeavors quantitative and technical. In 1998, Karl ventured into entrepreneurship by establishing his own Office of Separate Jurisdiction within Emmet A Larkin Financial, where he not only served as the RP and compliance officer but also led a team of brokers while managing his own book of business.

In 2004, Karl 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 career, Karl maintained a steadfast connection to his roots in the Elevator Industry through ongoing consultation with his father.

In 2007, Karl showcased his multifaceted skill set by implementing an innovative enterprise solution software package to streamline operations at Consolidated Elevator. This marked the beginning of his deeper involvement in the family business, where he progressively assumed a more hands-on role, actively engaging in critical decision-making processes and personnel oversight. His leadership culminated in orchestrating 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 subsequent seven years at the helm, Karl adeptly navigated Consolidated through shifting market dynamics.

In a groundbreaking move finalized in May 2023, Karl orchestrated the sale of Consolidated Elevator to American Elevator Group, the largest independent elevator company in North America, strategically positioning the combined entity for sustained success in a dynamic industry landscape.