TIAA Eliminates Commissions for Online Stock, ETF and Option Trades

NEW YORK (January 16, 2020) – TIAA, a leading financial services provider, announced it has eliminated online brokerage commissions for equities, ETFs and options listed on U.S. exchanges.
 
“Since TIAA was founded over 100 years ago, our mission has been to help make our clients better off, no matter their age, financial situation or goals,” said Lori Dickerson Fouché, Chief Executive Officer of TIAA Financial Solutions. “This move is part of our company-wide effort to provide integrated and compelling products that can help solve our clients’ real-world needs. The new zero online brokerage commissions create real value for current and prospective clients by reducing barriers to the financial system and making investing more accessible.”
 
TIAA brokerage accounts offer a simple way to invest with powerful tools and resources that help clients build, navigate and monitor their investments in line with their specific criteria or responsible investing preferences.
 
In addition, clients who have a brokerage account with TIAA along with retirement and bank accounts can easily review all their finances through one portal and can transfer money between accounts seamlessly.
 
TIAA brokerage accounts have no account opening fees, no minimum balance fees, no inactivity fees and no annual maintenance fees.

Getting started

Investing with a TIAA brokerage account is easier than ever, and more convenient.
 
  • Clients can set up an investment account and check progress online or on their phone.
  • Clients can contribute any amount to their account at any time through a variety of transfer methods.
  • Clients have access to all kinds of different investments, including mutual funds, ETFs, stocks, bonds, CDs and more.
  • Numerous TIAA research tools allow clients to choose investment options that match their risk profile.
  • TIAA tools can even help clients find investments that align with their values related to sustainability or corporate citizenship.
 
To learn more about TIAA brokerage accounts and how they can play an important part of achieving your financial objectives, click here.

About TIAA

With an award-winning 1 track record for consistent investment performance, TIAA (TIAA.org) is the leading provider of financial services in the academic, research, medical, cultural and government fields. TIAA has $1 trillion in assets under management (as of 9/30/2018 2) and offers a wide range of financial solutions, including investing, banking, advice and education, and retirement services.

Press contact

Elizabeth Anderson
888-200-4062
media@tiaa.org
1 The Lipper Mixed-Assets Large Fund Award is given to the group with the lowest average decile ranking of three years’ Consistent Return for eligible funds over the three-year period ended 11/30/15 (against 39 fund families), 11/30/16 (36), 11/30/17 (35) and 11/30/18 (35). Note this award pertains to mixed-assets mutual funds within the TIAA-CREF group of mutual funds; other funds distributed by Nuveen Securities were not included. From Thomson Reuters Lipper Awards, © 2019 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. Certain funds have fee waivers in effect. Without such waivers ratings could be lower. Past performance does not guarantee future results. For current performance, rankings and prospectuses, please visit the Research and Performance section on TIAA.org. The investment advisory services, strategies and expertise of TIAA Investments, a division of Nuveen, are provided by Teachers Advisors, LLC and TIAA-CREF Investment Management, LLC. TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products.

2 Based on $1.1 trillion of assets under management across Nuveen Investments affiliates and TIAA investment management teams as of 9/30/19.


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You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877-518-9161 for product and fund prospectuses that contain this and other information. Please read the prospectuses carefully before investing.


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.

TIAA-CREF Individual & Institutional Services, LLC, Member FINRA and SIPC, distributes securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Each is solely responsible for its own financial condition and contractual obligations.

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