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Ameriprise CEO Says Advisor Recruiting Market Is 'Frothy'; New Products on the Way
By
Allison Bell
News October 28, 2024 at 01:23 PM
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What You Need To Know
- There's an opportunity for Ameriprise's Columbia Threadneedle Investments arm to develop solutions for the wealth advisor business, CEO Jim Cracchiolo says.
- He says firms are overpaying for advisor acquisitions and expects payouts to fall.
- Ameriprise is now making fewer, but larger, deals, he says.
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