Ameriprise Financial, Inc., a prominent player in the investment services sector, has received a Buy recommendation from UBS.

The company is known for its expertise in financial planning and derives a significant portion of its net revenues from asset management, which contributes 53.4% to its total revenue.

Ameriprise reported assets under management of USD 1,178.3 billion as of the end of 2022, indicating its strong market position.

Insurance services account for 19% of the company's revenue, while the remaining 3.4% comes from other activities.

This diverse revenue stream highlights Ameriprise's robust business model and its commitment to offering comprehensive financial solutions.