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INNOVATIVE SOLUTIONS. PROVEN RESULTS. COLUMBIA

Our investment advisory services provide cash management and bank consulting services to local governments. Our principal functions include: portfolio management; accounting; analysis of banking and custodial relationships; legal compliance; client service; and, economic analysis. Columbia recommends the highest quality debt issues in managing its clients’ fixed income investments. We seek to avoid credit risk and view derivative securities and similar investments as inappropriate for short-term portfolios of local governments. Currently, we manage approximately $420 million of short-term portfolios and qualify as a registered investment adviser with the SEC.

In addition to these services, Columbia also serves municipal bond issuers as a broker for various types of investment agreements for bond proceeds. These agreements include collateralized and uncollateralized investment agreements, forward delivery agreements, and construction fund investment contracts and repurchase agreements. Columbia brokered more than $600 million in advance refunding escrows in 2016 alone.

In 2017, Columbia expects to unveil its bidvault® service. bidvault® provides a secure, certain, transparent method to bid structured investment products, escrows and interest rate swaps. Using patented technology, bidvault® uses state-of-the-art encryption tools to collect and store bids for guaranteed investment contracts, forward delivery agreements, open market escrow purchases and competitive swaps until the expiration of the bid period.


ADDITIONAL INFORMATION

investment advisory services

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