TIAA-CREF going on a hiring binge

Retirement plan sponsor, money manager, to hire 200 advisers over next year.
APR 14, 2014
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.

Latest News

Texas man says SEC and fund could make him pay twice
Texas man says SEC and fund could make him pay twice

A $141M judgment and a federal asset freeze collide over one shrinking pool

Osaic executives Kristy Britt and Greg Cornick to leave
Osaic executives Kristy Britt and Greg Cornick to leave

The firm's CFO and EVP of Wealth Management Solutions are the latest executives to exit the broker-dealer.

Estate planning becomes a client retention issue for financial advisors, survey finds
Estate planning becomes a client retention issue for financial advisors, survey finds

Clients are saying they would consider switching advisors if another professional offered estate planning services, according to a new Trust & Will survey.

Candidly adds AI agents for Trump Accounts, workplace benefits
Candidly adds AI agents for Trump Accounts, workplace benefits

CEO Laurel Taylor says the fintech's composable AI stack helps workers optimize dollars across Trump Accounts, 529s, 401(k)s, and other employee benefits.

BMO adds three advisors in Dallas amid Y'all Street wealth boom
BMO adds three advisors in Dallas amid Y'all Street wealth boom

The bank has swiped three private banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income

SPONSORED Why direct indexing stopped being optional

Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.