Columbia buys Grail for ETF heft
Columbia Management Investment Advisers LLC, a subsidiary of Ameriprise Financial Inc., has agreed to purchase Grail Advisors LLC…
Columbia Management Investment Advisers LLC, a subsidiary of Ameriprise Financial Inc., has agreed to purchase Grail Advisors LLC in a move that could transform the firm into a major player in the active-exchange-traded-fund industry, experts said.
By purchasing Grail, Columbia will receive
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