Introduction
Columbia Capital Management, LLC (“Columbia Capital”) was formed in 1996 and specializes
in public finance municipal advisory services and investment advisory services primarily to
local governments and not-for-profits.
As of the date of this statement, Jeff White, Managing Member, owns a 48% interest in
Columbia Capital, James Prichard, Managing Director, owns 14% interest, David Abel,
Managing Director, owns 10% interest, Khalen Dwyer, Managing Director, owns 10%
interest, Stacey Walter, Chief Compliance Officer and Controller, owns 8% interest, and
Adam Pope, Managing Director, owns 10% interest.
Investment Advisory Services
Columbia Capital’s current investment advisory services consist of active investment
management for seventeen local government entities, four educational entities, four not-for-
profit clients, one liquidating trust, and one tobacco securitization authority. Columbia
Capital engages in investment transactions only in investments permitted under its
investment advisory clients’ investment policies and related state laws. Columbia Capital
typically manages short-term portfolios of fund balances and bond-related proceeds and
reserve funds of municipal governments and not-for-profit organizations. These securities
are generally limited to insured or collateralized
bank deposits, United States Treasury and
federal agency securities, commercial paper, bankers’ acceptances, certain repurchase
agreements and, in certain cases, general obligation and utility revenue bonds of municipal
issuers.
Client Needs
Many of our clients are governmental entities subject to both statutory limitations on their
permitted investments and restrictions contained in their investment policy. Other clients
are not-for-profit borrowers and a liquidating trust, each with their own investment policies
or similar restrictions We manage each client’s assets in accordance with the statutory
provisions applicable to them, when applicable, and in accord with their investment policy
or other restrictions. In addition, bond proceeds investments are sometimes governed by the
resolution or indenture authorizing each issue, which also may contain investment
restrictions that are different from the operating funds of the same client. Liquidity needs of
each client are taken into account in determining the amount of funds that can be invested
for longer periods of time and those funds that must remain liquid.
Client Assets
Columbia Capital’s assets under management were $1,747,846,198 as of December 31,
2023, distributed as follows:
Number of
Client Accounts
Assets Under
Management
Discretionary 90 $1,747,846,198
Non-Discretionary 0 None