Ameriprise Expects Hiring Slowdown, Phased Re-entry to Offices
May 20, 2020 by Mrinalini Krishna
Ameriprise Financial CEO Jim Cracchiolo says the firm may see a near-term slowdown in advisor recruitment even as it has moved to virtual hiring and its long-term prospects remain robust.
“The Covid-19 crisis has created challenges but also opportunities. We moved to virtual recruiting and have been able to recruit and onboard advisors successfully,” Cracchiolo told analysts on an earnings call yesterday, adding “there may certainly be a slowdown [in] recruiting in the near term, but longer term we see an opportunity as some advisors consider making a change.”