TIAA-CREF going on a hiring binge

Retirement plan sponsor, money manager, to hire 200 advisers over next year

Oct 10, 2013 @ 4:45 pm

By Trevor Hunnicutt

TIAA-CREF is going on a hiring binge.

The company, known as a major provider of retirement plans to nonprofit institutions such as universities, plans to hire 200 financial advisers by the end of 2014, a 44% increase from the current amount, to meet growing demand for personal financial planning, Kathie Andrade, head of the Individual Advisory Services division, said in a statement.

TIAA-CREF, which manages $523 billion in assets, created its that division in 2005. Since 2012, the firm has increased its adviser head count by 75%, drawing from banks, independent firms and wirehouses, according to the firm.

TIAA-CREF Individual & Institutional Services LLC acts as both a registered investment adviser and a broker-dealer.

0
Comments

What do you think?

View comments

Recommended for you

Sponsored financial news

Featured video

INTV

Advisers beware: tax law has unintended consequences

Commission accounts could be preferable for some clients, and advisers could be incentivized to move from employee broker-dealers to independent channels.

Recommended Video

Path to growth

Latest news & opinion

Bond investors have more to worry about than a government shutdown

Inflation worries, international rates pushing Treasuries yields higher.

State measures to prevent elder financial abuse gaining steam

A growing number of states are looking to pass rules preventing exploitation of seniors.

Morgan Stanley reports a loss of advisers after exiting the protocol for broker recruiting

The firm said it lost 47 brokers in the fourth quarter, the most in any quarter of 2017.

Morgan Stanley's wealth management fees climb to all-time high

Improvement reflect firm's shift of more clients into fee-based accounts priced on asset levels, which boosts results as markets rise.

Legislation would make it harder for investors to sue mutual funds over high fees

A plaintiff would have to state in their initial complaint why fiduciary duty was breached, and then prove the violation with 'clear and convincing evidence.'

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print