Columbia Management Group Company Description
Columbia Management Group is an investment management division of megabank Bank of America. For retail clients and high-not-worth investors, the company offers separate accounts, 529 college savings plans, individual retirement accounts, funds of funds, and more than 90 equity, fixed-income, and money market mutual funds. It also administers investment portfolios for institutional investors such as corporations, foundations, pension and benefit plans, and endowments. It has more than $330 billion of assets under management. Bank of America is selling Columbia Management to Ameriprise for approximately $1.2 billion.
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The Company Description provides a historical perspective of Columbia Management Group's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Columbia Management Group's evolution in the marketplace.
