Brokerage

Get the basics

What is a brokerage account?

A brokerage account lets you buy a variety of investment assets—like mutual funds, stocks, ETFs, bonds and more.

A brokerage account is generally less restrictive than an IRA or retirement account; there is no contribution limit and you can withdraw your money at any time for any reason. However, brokerage accounts are often not tax-advantaged—you may have to pay taxes on any earnings you receive.

Brokerage options

What we offer

Buy stocks, exchange traded funds (ETFs) and options online or with the TIAA mobile app for $0 per trade.1Opens dialog

No cost or minimum to open an account
No maintenance fees
Over 3,000 No Transaction Fee Mutual Funds

What you get with TIAA Brokerage

Featured Investment Options

Lifestyle

Conservative, aggressive or in-between, our Lifestyle funds provide instant diversification2 within a single solution.³

Responsible investment

These funds offer competitive returns while promoting economic development, a healthier environment and a positive impact in society.

Lifecycle

Pick the fund with a year closest to when you plan to retire. It will automatically adjust to become more conservative over time.³

Account Benefits

Our experienced professionals can help you clarify your goals and learn about investing.

Research and screening tools to help you find investments.

We can manage your portfolio for you based on your personal needs and goals.⁴

Investments

Ways to use a TIAA brokerage account

You can hold different types of investments within a brokerage account, depending on whether you want to prepare for retirement or invest for another goal. Brokerage investments can include:

Mutual funds	A collection of investments in a single fund TIAA Brokerage Mutual Fund Families Opens pdf
CERTIFICATE OF DEPOSITS (CDS)	A savings account that holds a deposit for a set period of time in exchange for a higher interest rate
EXCHANGE TRADED FUNDS (ETFS)	Different types of investments that are bundled together to trade on various stock exchanges
Stocks	An investment that represents a share of ownership in a company
Bonds	A loan made by an investor to a borrower, usually in exchange for a fixed interest payment

A brokerage account gives you plenty of choices, but it's just one of many types of investing accounts available through TIAA.

How it works

How to open up a brokerage account

It only takes a few minutes to open a brokerage account online.

1. Answer a few questions

2. Submit the online application

3. Fund your account

4. Research investments

Open a brokerage account

Help me choose

Need help deciding which route to go?

Questions and answers

How does an account work?

Start with a lump sum of money in your account or add to it over time.
FundOpens dialog through a variety of methods.
Find investments to help you meet your financial goal(s) on your own or with support from your advisor.

What kind of investments can I buy or sell?

Stocks
Bonds
Mutual funds
ETFs (Exchange-traded funds)
CDs (Certificates of Deposit)

What kind of mutual funds can I buy?

Over 7,000 funds from TIAA, Nuveen and other firms
Lifestyle and Lifecycle (target date) funds
Indexed or actively managed

Who can use a brokerage account?

Anyone, as long you're an adult and a U.S. resident.

Where can I find a TIAA Brokerage form?

Visit our TIAA Brokerage Forms page or give us a call at (800) 842-2252, Weekdays 8:00 a.m to 7:00 p.m. ET.

Does TIAA Brokerage have a mobile app?

Yes, you are able to view account balances, review activities, obtain a quote, place a trade, and more.
Visit our TIAA Mobile page for more details.

Funding options Opens dialog

BROKERAGE ACCOUNT

Learn more about funding options

How do I fund my brokerage account?

Here are your options:

Bank Transfers

There is no fee to transfer money electronically to your TIAA Brokerage account from your bank account. For most accounts, you are able to add your bank account to your brokerage accountOpens pdf by logging in at www.tiaa.org.

Wire transfer

Funds wired to your TIAA Brokerage account are usually received same day. Wires must be in U.S. dollars. Sometimes the financial institution sending the wire will charge you a fee. Please provide your financial institution with the following information:

Bank of New York
One Wall Street
New York, NY 10286
ABA# 021000018
Pershing LLC
Account #890-051238-5
For further credit to: TIAA Brokerage account title and account number Example: Mary Smith Roth IRA A51111111

Check Deposit

Please download the Check Deposit TicketOpens pdf. Include your Brokerage account number on the face of each check and mail to the applicable address listed below, rather than the address listed on the Check Deposit Ticket. Checks should be sent to:

Non-IRA accounts

Regular U.S. Mail:
Pershing LLC
PO Box 382121
Pittsburgh, Pennsylvania 15250-8121

Overnight Mail:
Pershing LLC
Attn: 382121
500 Ross Street 154-0455
Pittsburgh, Pennsylvania 15262-0001

IRA accounts

IRA Contributions:
Regular and Overnight U.S Mail:
Pershing LLC – IRA Contribution Processing
95 Christopher Columbus Drive
Attn: Imaging Center 3rd Floor
Jersey City, NJ 07399

Regular U.S. Mail - Retirement rollover deposits:
Pershing LLC - Rollover Processing
Attn: 382091
500 Ross Street 154-0455
Pittsburgh, Pennsylvania 15262-0001

Overnight Mail - Retirement rollover deposits:
Pershing LLC - Rollover Processing
Attn: 382084
500 Ross Street 154-0455
Pittsburgh, Pennsylvania 15262-0001

Retirement transfer deposits:
Pershing LLC - Transfer Processing
Attn: 382091
500 Ross Street 154-0455
Pittsburgh, Pennsylvania 15262-0001

Overnight Mail - Retirement Transfer:
Pershing LLC - Transfer Processing
Attn: 382091
500 Ross Street 154-0455
Pittsburgh, Pennsylvania 15262-0001

Direct Deposit

To establish direct deposit instructions, you will need to provide the sending party or bank the required account information. Use the TIAA Brokerage Direct Deposit formOpens pdf to assist you in establishing direct deposit instructions.

Move money from another firm

Download and complete the Incoming Transfer FormOpens pdf to instruct us on how to transfer your account from another firm to your TIAA brokerage account.

Standard Mail:

TIAA Brokerage
PO BOX 1280
Charlotte, NC 28201

Overnight Mail:

TIAA Brokerage
8500 Andrew Carnegie
Charlotte, NC 28262

By Stock Certificate

Many Transfer Agents now charge a fee when depositing certificates into accounts outside of the Transfer Agent. You may want to consider depositing the certificate(s) directly with the Transfer Agent and then transfer into your account at TIAA.

For more details, contact TIAA Brokerage at (800) 842-2252, weekdays, 8 a.m. - 7 p.m. ET.

Learn about fees Opens dialog

BROKERAGE ACCOUNT

Learn more about our retail brokerage fees

How much you pay for your brokerage account can vary depending on what types of investments you choose and whether or not you work with a Wealth Management Advisor. Some fees may not apply for all accounts. See the full list of fees and terms and conditions in the TIAA Brokerage Customer Account Agreement within the Agreements & Disclosure section.

Stock and ETF trades

ONLINE

_{Fees shown reflect stock prices greater than $1 per share. Orders to buy shares priced under $1, non-permitted cannabis related (CRB) securities, restricted shares, foreign securities, privately held securities, shares with no Market or no bid/ask will not be accepted.}

_{Orders to sell shares priced under $1 are handled via Client Service Assistance at the online commission rate above, based on eligibility.}
Equity and Transaction Fee ETF trades - $0
No Transaction Fee (NTF) ETFs

NTF eligible ETFs will have a $0.00 commission, regardless of order size or holding period

Any ETF shares purchased prior to January 26, 2018, and are now identified as a No Transaction Fee ETF, will still be charged a commission when the shares are sold through the Automated Telephone System (ATS) or Client Service Assistance.

AUTOMATED TELEPHONE SYSTEM (ATS) $35
CLIENT SERVICE ASSISTANCE
800 927-3059 $55

Mutual Funds

NO TRANSACTION FEE (NTF) FUNDS
Minimum initial investment for NTF mutual funds: The greater of either the listed amount in the fund’s prospectus or $500. Additional investments for NTF mutual funds: The greater of either the listed amount in the fund's prospectus or $100. Purchases of NTF mutual funds below $500 will be charged the appropriate transaction fee. Systematic (automatic recurring or dollar cost averaging) orders are excluded.

Short term redemption fee: $50 minimum for shares held less than six months (waived for shares transferred from another brokerage firm or financial institution). Additional redemption fees may apply as set forth in each fund’s prospectus.

Systematic (automatic recurring or dollar cost averaging) transactions, no fee; minimum transaction $100.

TRANSACTION FEE (TF) FUNDS
Transaction fee, regardless of order size:

$50 per trade

$35 per trade for customers that receive a financial planning solution from their Wealth Management advisor.

Minimum initial investment for mutual funds: The greater of either the listed amount in the fund’s prospectus or $500. Additional mutual fund investments: The greater of either the listed amount in the fund's prospectus or $100.

Systematic (automatic recurring or dollar cost averaging) transactions, no fee; minimum transaction $100.

Bonds and CDs

U.S. TREASURY SECURITIES
NEW ISSUES (Primary, AT AUCTION) $50 per transaction
EXISTING ISSUES (secondary, already trading) $1 per $1,000 face amount ($50 minimum)
MUNICIPAL BONDS, GOVERNMENT AGENCY BONDS, UNLISTED (OVER-THE-COUNTER, OR OTC) CORPORATE BONDS AND MORTGAGE-BACKED SECURITIES $50 + $2 per bond
CERTIFICATES OF DEPOSIT
NEW ISSUES Purchase minimums of $5,000, no commission (interest rate reflects issuing bank's fee)

Options

ONLINE $0, based on eligibility
AUTOMATED TELEPHONE $35 + $2 per contract
PERSON $55 + $2.50 per contract
OPTIONS EXERCISE / ASSIGNMENT FEE $25

Maintenance Fees

OUTGOING WIRED FUNDS FEE

_{Waived for account in advisory program.}
$25
OVERNIGHT CHECK DELIVERY FEE $12
NSF/RETURN ACH OR CHECK DEPOSIT $25
ELECTRONIC FUNDS TRANSFERS (ACH) No charge
TRANSFERS – OUTGOING FULL ACCOUNT $50
TRANSFERS OF GIFTED SECURITIES OR CHECKS MAILED REGULAR DELIVERY* No charge
REORGANIZATIONS - VOLUNTARY $25
IRA TERMINATION FEE $130

* Checks in the amount of $250,000 or more for transfers or payments will be sent via overnight delivery and a delivery fee of $12 will be charged to the account.

Cash Solutions

Cash Solutions Account Terms & ConditionsOpens pdf

ANNUAL FEE

_{Silver Tier annual fee is waived for accounts that have $25K or more in average month-end closing cash sweep balances.}
Silver Tier
$25

Gold Tier
$95

Platinum Tier
$145

INITIAL CHECK ORDER (INCLUDES CHECKBOOK, REGISTER, DEPOSIT TICKETS AND 40 CHECKS)
Silver Tier
Free

Gold Tier
Free

Platinum Tier
Free

CHECK REORDER (INCLUDES CHECK REGISTER, DEPOSIT TICKETS AND 100 CHECKS)
Silver Tier
$15

Gold Tier
$10

Platinum Tier
Free

RETURNED CHECK OR AUTOMATED CLEARING HOUSE (ACH) TRANSACTION
Silver Tier
$25

Gold Tier
$25

Platinum Tier
$25

CASH ADVANCE (NON-ATM)
Silver Tier
N/A

Gold Tier
.25% of transaction

($2.50 minimum)

Platinum Tier
.25% of transaction
($2.50 minimum)

BILL PAYMENT THROUGH BILLSUITE
Silver Tier
Free

Gold Tier
Free

Platinum Tier
Free

ATM FEES Silver Tier Gold Tier Platinum Tier
ATM withdrawal fee Visa® or Plus®
(PNC Bank or Allpoint® Network)
N/A None None
ATM out-of-network fee (ATM not on PNC Bank or Allpoint® Network) N/A None None
Atm out-of-network surcharge fee (charged by ATM owner not on PNC Bank or Allpoint® Network) N/A Various Various

More about investing with TIAA Brokerage

Get in touch

We're here to help.

weekdays, 8 a.m. - 7 p.m. (ET).

800-842-2252

Contact TIAA

¹There is no account fee to own a TIAA brokerage account; however, brokerage transaction fees may apply. In addition, investors are subject to the underlying funds' portfolio management fees and expenses.

² Diversification is a technique to help reduce risk. It is not guaranteed to protect against loss.

³ As with all mutual funds, the principal value of a Lifecycle fund or Target Date fund isn't guaranteed at any time and will fluctuate with market changes. The target date approximates when investors may plan to start making withdrawals. However, you are not required to withdraw the funds at that target date. After the target date has been reached, some of your money may be merged into a fund with a more stable asset allocation. Lifecycle funds and Target Date funds share the risks associated with the types of securities held by each of the underlying funds in which they invest. In addition to the fees and expenses associated with the Lifecycle funds and Target Date funds, there is exposure to the fees and expenses associated with the underlying mutual funds. Be sure to reassess goals regularly and if your situation has changed, you may want to choose another Lifecycle fund or Target Date fund that more closely matches your new risk profile.

⁴TIAA-CREF managed account services provide discretionary investment management services for a fee. Certain securities may not be suitable for all investors. TIAA-CREF managed account services are offered through TIAA-CREF Advice and Planning Services and TIAA-CREF Individual & Institutional Services, LLC , a registered investment adviser and broker-dealer, and the Private Asset Management offered by TIAA, FSB, a federal savings bank.

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

Advisory services are provided by Advice & Planning Services, a division of TIAA-CREF Individual & Institutional Services, LLC, a registered investment adviser.

This material is for informational or educational purposes only and does not constitute fiduciary investment advice under ERISA, a securities recommendation under all securities laws, or an insurance product recommendation under state insurance laws or regulations. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor's own objectives and circumstances.

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Brokerage

What is a brokerage account?

What we offer

Learn more about our retail brokerage fees

What you get with TIAA Brokerage

Featured Investment Options

Account Benefits

Ways to use a TIAA brokerage account

How to open up a brokerage account

Need help deciding which route to go?

Learn more about funding options

How do I fund my brokerage account?

Bank Transfers

Wire transfer

Check Deposit

Non-IRA accounts

IRA accounts

Direct Deposit

Move money from another firm

By Stock Certificate