As it readies for a massive pruning of its mutual fund family, Columbia Management Investment Advisers is promising a stronger, more affordable lineup.

The Boston-based firm, a unit of Ameriprise Financial, Inc., has announced plans to consolidate 71 funds, which will leave it with a lineup of about 150 funds. The changes should save fund shareholders about $30 million a year, according to Chris Thompson, head of product management and marketing for Columbia Management.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access