TIAA Launches TIAA Personal Portfolio: Professionally Managed, Automated, Online Investing

Offers highly personalized portfolios, including active, passive and socially responsible investing

Fast, simple and flexible online managed account gives users the opportunity to preview investment recommendations before funding their accounts

New York, June 6, 2017 — TIAA, a leading financial services provider, today announced the launch of TIAA Personal Portfolio, a new online, professionally managed account. The service is designed for investors who want a convenient, simple and personalized way to help them reach their financial goals. It also gives customers access to TIAA’s team of professionals who can provide education and support along the way, as they need it.
“At TIAA, we recognize that there is no ‘one-size-fits-all’ when it comes to personal finances, and we work every day to offer our customers financial services that fit their lives,” said Kathie Andrade, chief executive officer of TIAA’s Retail Financial Services business. “With the launch of TIAA Personal Portfolio, we are expanding the reach of our personalized financial support to more people, including younger generations, and those who value working with a mission-based organization. It is a great option for customers who would simply prefer to receive advice from us digitally.”
The new online service offers a broad range of investment options, including passive, active and socially responsible, with five different risk levels, ranging from conservative to aggressive. Each is backed by experienced investment professionals who manage the portfolios, provide ongoing oversight and rebalance as needed.
  • Basic: A passive investment strategy comprised of a mix of low-cost index funds and ETFs that track the market
  • Insight: An active investment approach comprised of funds that seek to outperform the market over the long term
  • Impact: An active investment strategy that prioritizes funds that meet socially responsible investing criteria without sacrificing returns
 
TIAA is the first major online managed account provider to offer customers socially responsible investing, along with traditional investment options. TIAA is a pioneer in socially responsible investing and has offered SRI funds to customers since 1990.
TIAA Personal Portfolio uses a simple “goal-oriented” approach to help customers address specific savings and investing targets. Customers can establish an account in less than ten minutes, by inputting their financial objectives and risk levels. They receive personalized portfolio recommendations, down to the specific fund, before financing their account.
“We thought carefully about the customer experience and designed the interface to help our customers invest with ease and complete transparency in how their money will be invested,” said Scott Blandford, executive vice president and chief digital officer at TIAA.  “And while we offer a broad range of investment choices, we do it in an intuitive way that guides customers to the option that’s best suited for them.”
TIAA Personal Portfolio adds to TIAA’s expansive digital customer experience and is optimized for mobile and desktop to provide convenient, online account access anytime, anywhere.
TIAA Personal Portfolio offers:
  • Professional investment management, including asset allocation and ongoing strategy research, resulting in an investment portfolio aligned to individual goals, risk tolerance and investing preferences
  • Access to professionals to provide more extensive support, when and if it’s wanted
  • Automatic rebalancing and daily account oversight to help keep investment strategy on track
  • Account summary and detailed reporting to track progress towards goals and investment performance
  • Convenient online account setup and performance management optimized for mobile
  • A minimum account balance of $5,000, the flexibility to continue to invest any amount you choose at any time, and annual advisory fees at 0.3 percent
 
This offering expands on TIAA’s personalized investment services and other managed accounts. The organization also offers in-person financial services at more than 160 offices across the country in addition to phone representatives who are licensed, registered and trained to provide advice.
“Nearly 100 years ago, TIAA started a whole new industry and today we continue that tradition of innovation. We’re focused on enabling our customers to stay connected and manage their finances anytime, anywhere and in the way they want,” said Andrade.
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About TIAA

TIAA (TIAA.org) is a leading provider of financial services in the academic, research, medical, cultural and government fields and has an award-winning1 track record for consistent performance. TIAA has $938 billion in assets under management2 (as of 3/31/2017).  It offers a wide range of financial services, including investing, banking, advice and education, and retirement services.

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1 The Lipper Large Fund and the Mixed-Assets Large Fund Awards are given to the group with the lowest average decile ranking of three years’ Consistent Return for eligible funds over the three-year period ended 11/30/12 (36 fund companies), 11/30/13 (48), 11/30/14 (48), 11/30/15 (37) and 11/30/16 (37) with at least five equity, five bond, or three mixed-asset portfolios. For the Mixed-Assets category, TIAA ranked against 39 and 36 fund families for the three-year period ended 11/30/15 and 11/30/16, respectively. Note these awards pertain to mutual funds within the TIAA-CREF group of mutual funds; other funds distributed by Nuveen Securities were not included. From Thomson Reuters Lipper Awards, © 2017 Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited. Past performance does not guarantee future results. Certain funds have fee waivers in effect. Without such waivers ratings could be lower. For current performance, rankings and prospectuses, please visit the Research and Performance section on TIAA.org. Nuveen Securities, LLC, Member FINRA and SIPC. Past performance is no guarantee of future results.
2 Based on assets under management across Nuveen Investments affiliates and TIAA investment management teams.
TIAA Personal Portfolio services provide discretionary investment management services for a fee.
TIAA Personal Portfolio services are offered through Advice & Planning Services, a division of TIAA-CREF Individual & Institutional Services, LLC, a registered investment adviser. Brokerage services are provided by TIAA-CREF Brokerage Services, a division of TIAA-CREF Individual & Institutional Services, LLC, distributor, member FINRA/SIPC. Brokerage accounts are carried by Pershing, LLC, a subsidiary of the The Bank of New York Company, Inc. Member FINRA, NYSE, SIPC.
You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877-518-9161 for current product and fund prospectuses that contain this and other information. Please read the prospectuses carefully before investing.
Guarantees are subject to the claims paying ability of the issuing company.
Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.
This material is for informational or educational purposes only and does not constitute a recommendation or investment advice in connection with a distribution, transfer or rollover, a purchase or sale of securities or other investment property, or the management of securities or other investments, including the development of an investment strategy or retention of an investment manager or advisor. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action.
TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products.
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