The integration of Columbia Management into Ameriprise Financial Inc. (AMP) will likely be completed by the end of 2011, according to an Ameriprise slide show Wednesday.

Bank of America Corp. (BAC) agreed to sell the stock and bond mutual fund business of its Columbia Management unit to Ameriprise for as much as $1.2 billion. The transaction is expected to close in the spring.

-By Jessica Papini, Dow Jones Newswires; 212-416-2172; jessica.papini@dowjones.com