Columbia to market Excelsior Funds

The addition of the 26 funds is the result of the recent Bank of America acquisition of U.S. Trust Corp.
SEP 11, 2007
By  Bloomberg
Columbia Management Distributors, Inc. of Boston will begin selling Excelsior Funds October 1. The addition of the 26 funds is the result of the recent Bank of America acquisition of U.S. Trust Corp. Columbia Management acquired Excelsior Funds, with more than $21 billion in assets as of June 30, which will be sold through its 200-plus sales force. “They’ve got some good performance, but I think they will have some of the fundamental problems of being a relatively unknown name in the marketplace,” said Geoffrey Bobroff, a Greenwich, R.I., mutual fund consultant. Columbia Management, the investment management division of Bank of America, has $566 billion in assets and offers some 88 mutual funds.

Latest News

The power of cultivating personal connections
The power of cultivating personal connections

Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.

A variety of succession options
A variety of succession options

Whichever path you go down, act now while you're still in control.

'I’ll never recommend bitcoin,' advisor insists
'I’ll never recommend bitcoin,' advisor insists

Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.

LPL raises target for advisors’ bonuses for first time in a decade
LPL raises target for advisors’ bonuses for first time in a decade

“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.

What do older Americans have to say about long-term care?
What do older Americans have to say about long-term care?

Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound