3.0
Mar 5, 2014
Anonymous employee
Former employee, more than 8 years
Boston, MA
Recommend
CEO approval
Business Outlook
Pros
Good culture overall, good people. Good performing funds overall. Lots of product (too much!)
Cons
Ameriprise is a lousy parent company who doesn't really understand the asset management business and thinks very short-term. Columbia inherited a lot of problems from Ameriprise's fund family, so now Columbia is in massive net redemptions and because of this can't pay more than industry average. They also have very generic product line-up and no real brand identity, so I don't see this firm becoming an industry leader anytime soon.