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.
Integrated Partners is adding a mother-son tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.
Futures indicate stocks will build on Tuesday's rally.
Cost of living still tops concerns about negative impacts on personal finances
Financial advisors remain vital allies even as DIY investing grows
A trade deal would mean significant cut in tariffs but 'it wont be zero'.
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.
