Is TIAA-CREF a broker dealer?

Our goal is to help you pursue financial well-being throughout your life through a variety of investing solutions. * TIAA provides broker-dealer services through its affiliate TIAA-CREF Individual & Institutional Services, LLC (“TC Services”) and its registered representatives (“Financial Professionals”).

How do TIAA-CREF advisors get paid?

This means, that, while advisors receive a base salary (“no client commissions or product fees”), the bonus structure heavily influences advisors to move client assets to new managed accounts with added management fees, and to sell complex solutions (i.e., TIAA annuities or TIAA insurance) to their clients.

Is TIAA a private company?

CREF is a not-for-profit corporation based in New York, registered as an investment company with the Securities Exchange Commission.

What is TIAA-CREF worth?

TIAA-CREF (www.tiaa.org) is a national financial services organization with $866 billion in assets under management (as of 03.31. 5) and is a leading provider of retirement services in the academic, research, medical and cultural fields.

Can I buy stock with TIAA-CREF?

With TIAA and EverBank merging, you have full access to TIAA’s brokerage services. Open a new brokerage account to invest in mutual funds, stocks, bonds, and ETFs. You’ll be able to use TIAA’s research and trading features online, any time.

Can I invest in TIAA-CREF?

Open a mutual fund account Invest in TIAA-CREF mutual funds across a wide range of categories. Investment decisions should be made based on the investor’s own objectives and circumstances.

Are TIAA-CREF advisors fiduciary?

Any advisor being paid out of retirement plan assets on the TIAA-CREF platform acts as a fiduciary under the Investment Advisors Act of 1940. As such, the advisor has a legal obligation to put the interests of the participant ahead of its own.

Is TIAA a good place to invest?

TIAA Personal Portfolio is a solid option for investors looking to engage in socially conscious investing through a financial institution with a long and stable history.

Are TIAA CREF fees high?

The College Retirement Equities Fund was founded in 1952. The company dropped CREF from its name in 2016. TIAA serves 5 million participants, has $1 trillion in assets and is the provider at 15,000 institutions.

Is TIAA CREF a Fortune 500 company?

Meanwhile, the company has broken new ground in diversity and culture: This May, Thasunda Brown Duckett succeeded Ferguson as CEO, marking TIAA as the first Fortune 500 company in history to have two Black chief executives in a row. …

What is TIAA brokerage?

TIAA Brokerage, a division of TIAA-CREF Individual & Institutional Services, LLC, Member FINRA and SIPC , distributes securities. Brokerage accounts are carried by Pershing, LLC, a subsidiary of The Bank of New York Mellon Corporation, Member FINRA, NYSE, SIPC.

Why choose TIAA Melville for wealth management services?

Our wealth management advisors in TIAA’s Melville, NY office are available to help clients achieve their financial goals by planning for lifelong income, saving for retirement, and making smart investment decisions. Financial advisors are available by appointment to help provide lifelong financial well-being for our clients.

What happens to my brokerage account with TIAA and EverBank?

Who is the new CEO of TIAA?

NEW YORK, FEBRUARY 25th, 2021 – TIAA, a leading provider of secure retirements and outcome-focused investment solutions to millions of people and thousands of institutions, named Thasunda Brown Duckett to succeed Roger W. Ferguson, Jr., as President and CEO.