Columbia Management Investment Advisers, LLC

CRD#108257
Investment Advisor Firm

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Learn more about Columbia Management Investment Advisers, LLC

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Columbia Management Investment Advisers, LLC is located at 290 Congress Street, Boston, MA. The firm employs 411 financial advisors to manage client portfolios and provide financial guidance. Columbia Management Investment Advisers, LLC is not a registered broker-dealer.

    Columbia Management Investment Advisers, LLC oversees $427.1 billion in assets under management across 5,495 accounts, of which 5,461 are discretionary and 34 are non-discretionary. The services offered include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, selection of other advisers, and other services. The firm caters to a diverse range of investors, including retail investors, high net worth investors, banking institutions, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, sovereign wealth funds, and corporations. Retail investors are the largest client type by accounts. The fee structure at Columbia Management Investment Advisers, LLC includes asset-based, fixed, and performance-based fees. The firm has 250 high net worth clients and maintains affiliations with a broker-dealer or securities dealer, banking or thrift institution, trust company, insurance company or agency, real estate broker or dealer, and commodity pool advisor.

    Columbia Management Investment Advisers, LLC is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.

    Assets Under Management

    $427.1 billion

    Number of Advisors

    411

    Disclosures

    No

    Office Location

    290 Congress Street
    Boston, MA 02210

    Columbia Management Investment Advisers, LLC by the Numbers

    Total Assets Under Management

    $427.1 billion

    National Average: $8.6 billion
    Total Number of Employees

    1,008

    National Average: 64
    Total Number of Accounts

    5,495

    National Average: 375,227
    Average Account Size

    $77.7 million

    National Average: $23.0 thousand
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    Products and Services

    Columbia Management Investment Advisers, LLC provides multiple services, which can include portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, selection of other advisers, and other services. Notably, Columbia Management Investment Advisers, LLC did not provide any of its customers with financial planning services in the previous fiscal year. The Company does sell products or offer services aside from investment advice to its clients.

    Core Advisor Services

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      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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      Publication of Periodicals

      This is the publication of various financial education materials.

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      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    A financial advisor's fees usually depend on the services offered. Fees billed by Columbia Management Investment Advisers, LLC likely consist of any blend of the following fee structures: asset-based, fixed, or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are offered by Columbia Management Investment Advisers, LLC.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Offered by 32% of firms

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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    Types of Clients

    The firm works with a broad range of clients. It works with retail investors, high net worth investors, banking institutions, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, sovereign wealth funds, corporations, and other. Out of its 12 clients, Columbia Management Investment Advisers, LLC's largest client type by number of accounts is investment companies, though it also serves 250 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone who has at least $750,000 in AUM or a net worth of at least $1,50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 9.52%
    • Other Individuals - 62.05%
    • Corporations - 26.23%
    • Charitable Organizations - 2.21%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Columbia Management Investment Advisers, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Columbia Management Investment Advisers, LLC

    Brendan Rooney
    Boston, MA
    Tachera Roberts
    Boston, MA
    David Pullman
    Denver, CO
    Conor Ruckert
    Boston, MA
    Keith Langan
    Carmel, IN
    David Spitz
    Boston, MA
    Benjamin Kemp
    Boston, MA
    Alicien Demonte
    Boston, MA
    William Lamontagne
    Boston, MA

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