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.
Quarterly analysis of retirement accounts highlights positive behavior.
Insiders say the Wall Street giant is looking to let clients count certain crypto holdings as collateral or, in some cases, assets in their overall net worth.
The two wealth tech firms are bolstering their leadership as they take differing paths towards growth and improved advisor services.
“We think this happened because of Anderson’s age and that he was possibly leaving,” said the advisor’s attorney.
The newly appointed leader will be responsible for overseeing fiduciary governance, regulatory compliance, and risk management at Cetera's trust services company.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
