Michael Anagnostakis's questions to Ameriprise Financial Inc (AMP) leadership • Q4 2024
Question
Michael Anagnostakis of Wolfe Research inquired about the outlook for organic flows and recruiting in 2025 and asked for a mark-to-market update on sweep cash balances for January.
Answer
Executive Jim Cracchiolo expressed a positive outlook on flows, citing a good recruiting pipeline and strong productivity growth, while acknowledging the competitive market. Executive Walter Berman stated that sweep cash balances had remained 'fairly stable' in January compared to the end of December.