About Karl Reeves
Karl C. Reeves
President and CEO
Karl Reeves grew up being involved with Consolidated Elevator, the family business, where he gained experience in all aspects of running a small company as well as the trade itself. He completed a BS in Electrical Engineering and a BA in Psychology, and after feeling that he didn’t want to work as just the owners’ son, he transitioned into the financial industry in 1993. He started as a registered series 7 representative and quickly expanded as a broker, becoming a registered principal by 1996. Karl was also a top producer in the private placement area of Taglich Brothers and wrote research. In 1998, he opened his own Office of Separate Jurisdiction of clearing firm Emmet A Larkin Financial, where he managed his clients’ assets and served as the compliance officer over his branch.
In 2004, Karl partnered up with two long-term associates to form 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. He spearheaded and ran the firm’s South Florida branch, servicing institutional and high net worth clients. While Karl worked in finance, he never lost touch with his roots in the Elevator Industry, consulting with his father regularly.
In 2007, Karl implemented a new enterprise solution software package to streamline Consolidated Elevator. Three years later, he became more involved in the business, sitting in on key meetings, overseeing major decisions and personnel. Karl coordinated and structured the acquisition of Colonial Elevator in 2012. By 2015, Karl committed to running Consolidated Elevator full-time, leaving the financial industry after 22 years without a single disclosure.