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Rating:Ameriprise May Merge Some Fund Boards Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, October 02, 2009

Ameriprise May Merge Some Fund Boards

News summary by MFWire's editors

How is Ameriprise going to realize some economies of scale after it buys the long-term (i.e. non-money-market) piece of Columbia Management from Bank of America. Reuters' Ross Kerber reports that the brokerage may merge some fund boards with the boards at its own RiverSource, potentially saving "several million dollars a year in salaries for directors." 

Edited by: Neil Anderson, Managing Editor


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