Columbia Management Investment Advisers, LLC is a large advisory firm based in Boston. It manages $323.13 billion of regulatory assets for 4,578 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Columbia Management Investment Advisers provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and asset liability management, credit analysis & asset allocation svcs. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Columbia Management Investment Advisers, LLC is $323.13 billion. The firm's AUM has grown by 117% since the beginning of its operation, and $31.1 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Columbia Management Investment Advisers, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Columbia Management Investment Advisers is investment companies with 193 clients and $206.41 billion of assets under management. Among the 10 most similar advisory firms, Columbia Management Investment Advisers has the 3rd highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $313.3 billion for 2,591 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 11% of the firm’s clients are foreign persons or businesses.
Columbia Management Investment Advisers also advises several private funds. Namely, three hedge funds, four other private funds, and fourteen securitized asset funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $5,000,000.
The company employs 1,030 people that are either part- or full-time employees. 37 percent of the employees work as investment advisers or researchers. 211 employees are registered as investment adviser representatives with the state securities authorities.
There are 11 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
The principal office where Columbia Management Investment Advisers, LLC performs its advisory services is located at 225 Franklin Street, Boston, MA 02110, which is also the mailing address of the firm. An additional office of the firm is in Menlo Park, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 800-225-2365. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at ameriprise.com.