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Columbia Management Distributors, Inc.


Columbia Management Distributors, Inc is a member of NASD the National Association of Security Dealer. NASD is a self regulatory organization of the securities industry responsible for the operation and regulation of the NASDQ stock market and over the counter markets. It also administrates exams for the investments professionals, such as the series of 7 exams.
 
The adviser plan is sold exclusively through financial advisors, while the direct plan is sold directly by the program. Participation in the direct plan is limited to a select group of investors, as described in the program description.
 
The direct plan  also offers a more limited selection of investment choices than the adviser plan, and the fees and expenses are lower.
 
Columbia Management is the primary investment management division of Bank of America Corporation. Their entities furnish investment management services and advice institutional and mutual fund portfolios.
 
The Future Scholar 529 College Savings Plan and Columbia Funds are distributed by the firm. The firm is part of Columbia Management and an affiliate of Bank of America Corporation.
 
The Office of the State Treasurer of South Carolina who is the state treasurer administers the program, and has selected the company as program manager.
 
They are responsible for providing certain administrative, recordkeeping and investment services and for the marketing of the Program. Neither Columbia Management nor Columbia Management Distributors, Inc. is affiliated with the state treasurer.
 

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