April 8, 2008 – CTC Consulting, an investment consulting firm based in Portland, Oregon, completed a buyout transaction with its parent company, Bank of America Corporation, on April 1, 2008. CTC Consulting, LLC, the resulting entity, is majority owned by CTC employees – 28 of CTC’s 66 employees are owners. "We have provided clients with independent and objective advice since our inception, so this was a natural progression for our firm," said Garbis P. Mechigian, Chairman and Chief Executive Officer of CTC. “Our new ownership structure will enable us to be a more nimble firm, and to continue focusing all of our resources on our top priority – our clients.” Founded in 1981, CTC Consulting is a pioneer in the investment consulting marketplace for ultra high net worth families. CTC’s services include investment policy development, asset allocation recommendations and investment manager research. CTC advises on over $28 billion in assets for clients around the world.