Boenning & Scattergood, a West Conshohocken, Pennsylvania-based broker-dealer, has acquired Columbus Macro, a boutique asset manager based in Pittsburgh.
Columbus Macro has become a wholly-owned subsidiary of Boenning & Scattergood Advisors, the asset management unit of Boenning & Scattergood, which was founded in 1914. The deal add about $400 million to Boenning & Scattergood's assets under management.
Columbus Macro specializes in active global investing and risk management using multi-asset portfolios, core strategies for specific asset classes, and custom-designed portfolio solutions, Boenning & Scattergood said in a release. Craig Columbus, who founded the firm, will continue as its CEO. He was also named chief investment officer of Boenning & Scattergood Advisors.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
