MutualFundWire.com: Ameriprise May Merge Some Fund Boards
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Friday, October 2, 2009

Ameriprise May Merge Some Fund Boards


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."


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