Ameriprise Financial provides financial planning, asset management and insurance products, working primarily through a large network of financial advisors who help individual clients with retirement planning, investment management and insurance needs. Its advisor-based distribution model centers on building long-term relationships between individual financial advisors and their clients, an approach that differs from asset managers who sell primarily through institutional channels or direct-to-consumer platforms. Ameriprise's asset management business generates recurring fee revenue based on the assets its advisors help clients invest, while its insurance and annuity products provide additional revenue streams tied to policy sales and premium collection. The company's revenue is tied to overall stock and bond market performance, since asset management fees rise and fall with the value of client assets under management, along with the productivity and retention of its financial advisor network.