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As you think about all these comments, we're super excited where we are with the business and the prospects for the future. And while our AI platform branded Rezi is in its early days, currently focused on employee education and onboardings, we see a broad applications through Originations and Servicing.
Some of the information we provide during today's call regarding our future expectations, plans, and prospects may constitute forward-looking statements. As customers and prospects move to the cloud to empower their AI-driven digital transformations, we expect a decrease in product license revenues.
As a reminder, in April of 2021, our company entered into a limited partnership agreement with Pelion Ventures in Draper, Utah, to manage the Medici portfolio. This partnership came with an annual managementfee, in addition to upside deal economics, in exchange for them nurturing these companies and building value.
But, while government spending may provide a short-term stimulatory effect on the economy, the prospect of higher future taxes and long-run impacts on spending and investment introduces many channels through which spending and debt levels might affect expected stock returns. This material is not a sales communication.
But, while government spending may provide a short-term stimulatory effect on the economy, the prospect of higher future taxes and long-run impacts on spending and investment introduces many channels through which spending and debt levels might affect expected stock returns. This material is not a sales communication.
We have many exciting things going on in training and education that Leo will highlight in a moment. Before turning it over to Leo, I'll conclude with a few takeaways from 2023 and why I'm so optimistic about eXp's prospects in 2024 on the next slide. So, there's definitely what we call risk management. in the U.S.
Learn what to say to prospects on social media messenger apps without sounding like a washing machine salesperson. In other words, a lay instead, in other words, if you wanted to do a flat fee instead of doing a um, the, he would do a flat fee, so I can’t speak to what inwards would it be? Was this helpful?
Our performance has helped secure retirees' pensions, fund students educations, pay healthcare benefits, and protect and grow the savings of individual investors. Our prospects are accelerating. along with a pipeline of additional prospects. closing, we are highly energized about the firm's prospects. Europe and Asia.
New challenges will await, but rather than guessing at what will happen, investors can choose to trust markets and their long-term prospects. Commissions, trailing commissions, managementfees, and expenses all may be associated with mutual fund investments. But markets are forward-looking and reflect optimism.
An expansion of the CPP would transfer these risks from individual workers to the government, which is much better placed to manage them, as it can pool risks across all Canadian workers and across generations of workers. The CPP is also fully portable, making it easier to change jobs. This could not be less true today.
Between the strip sales, other opportunistic liquidity events, and regular distributions for partner manager earnings from our flagship products, we distributed $2.4 This not only benefits the current investors in our strategy to provide an excellent case study for prospective investors. trillion of assets under management.
Over the last 12 months, we have grown managementfees by 26%, fee-related earnings by 27%, and distributable earnings by 22%, all compared to the prior-year period. Managementfees are up 26%, and 91% of these managementfees are from permanent capital vehicles. AUM not yet paying fees, was $21.7
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