Columbia Capital Management, LLC

Columbia Capital Management, LLC, established in 1996, specializes in public finance municipal advisory and investment services for local governments and not-for-profits. The firm's investment advisory services focus on active management for various clients, including local government entities, educational institutions, and not-for-profit organizations. Columbia Capital manages short-term portfolios and bond-related funds, investing in permitted securities such as bank deposits, Treasury securities, and certain bonds. The firm's assets under management totaled $1,936,145,185 as of December 31, 2024, across 102 discretionary client accounts. Fees for investment advisory services are typically 0.20% of assets under management, subject to negotiation. Columbia Capital does not charge performance-based fees. The firm serves local government entities, not-for-profits, and other institutional clients with investable balances of at least $2,000,000. Investment strategies prioritize safety, liquidity, and yield, with a focus on minimizing risks such as default, market, interest rate, and liquidity risks. Columbia Capital operates as a fiduciary, providing best execution for client transactions and selecting brokers based on various factors. The firm does not receive "soft dollar" benefits from brokers. Clients retain custody of their funds and securities, receiving statements from qualified custodians. Columbia Capital typically exercises discretionary authority over client accounts, making investment decisions in line with clients' objectives and investment policies. Clients are responsible for voting on securities held in their portfolios. The firm reports no disciplinary information and has a sound financial condition with no outstanding debts.