Tiaa Cref Individual & Institutional Services, LLC (New York)

Name: Tiaa Cref Individual & Institutional Services, LLC
Address: 730 Third Avenue, New York, NY, 10017 3206
Telephone: 212-490-9000

Tiaa Cref Individual & Institutional Services, LLC is a large advisory firm based in New York. It manages $25.18 billion of regulatory assets for 69,021 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Tiaa Cref Individual & Institutional Services provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for approximately 114,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

Tiaa Cref Individual & Institutional Services: assets under management

The assets under management (AUM) of Tiaa Cref Individual & Institutional Services, LLC is $25.18 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 67234% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $25.18 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $364.86 thousand each.

Tiaa Cref Individual & Institutional Services has custody of $25.18 billion in cash and securities for 69,021 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 61% of the total AUM. The second-largest asset type is exchange traded securities, which make up 37% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Tiaa Cref Individual & Institutional Services, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kevin Charles Brown serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Kevin Charles Brown is high net worth individuals with 41,822 clients and $18.33 billion of assets under management. Among the 10 most similar advisory firms, Tiaa Cref Individual & Institutional Services has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $25.18 billion for 69,021 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Tiaa Cref Individual & Institutional Services doesn't advise any private funds.

Careers at Tiaa Cref Individual & Institutional Services, LLC

The company employs 1,988 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 920 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Kevin Charles Brown has been acting as President since 1 Apr 2009. Angela Marie Kahrmann joined the executive team most recently as the President, Chief Executive Officer, Elected Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Teachers Insurance And Annuity Association Of America	Sole owner of applicant	1 Sep 1990	75% - 100%	13-1624203
Thomas Kevin Lynch	Vice president and chief financial officer	1 Jan 2002	Other	2716791
Mark Leonard Serlen	Secretary	1 Nov 2003	Other	1814700
Frances Nmn Nolan	Member, president and chief executive officer	1 Nov 2003	Other	1719590
Timothy Edward Lane	Second vice president	1 Nov 2003	Other	1701373
Nancy Alice Tigner	Second vice president	1 Nov 2003	Other	1620721
Elizabeth Ann Monrad	Member and executive vice president	1 Nov 2003	Other	3212249
Jeremiah Joseph Hanrahan	Vice president and chief legal officer	1 Nov 2003	Other	3176693
Roger Alan Vellekamp	Vice president	1 Nov 2003	Other	3118007
Edward J Leahy	Assistant secretary	1 Nov 2003	Other	2922906
Erwin Wayne Martens	Member	1 Nov 2003	Other	4676470
Bertram Lee Scott	Member	1 Nov 2003	Other	4698925
Edward James Leahy	Assistant secretary	1 Nov 2003	Other	2922906
Gary Mark Chinery	Vice president and treasurer	1 Feb 2004	Other	1822252
John Thomas Zensen	Chief compliance officer	1 Sep 2004	Other	2420120
Carol Ann Baldwin Moody	Chief compliance officer, advisers act	1 Nov 2004	Other	4520459
Eric Carl Oppenheim	Chief compliance officer-advisers act	1 Mar 2005	Other	2444926
Adym Wagner Rygmyr	Chief legal officer	1 Apr 2005	Other	4444592
Jerard Basmagy	Chief financial officer	1 Apr 2005	Other	1358181
Patricia Ann Conti	Vice president and chief financial officer	1 May 2005	Other	2371580
Johnathon David Dunne	Manager	1 May 2005	Other	2025637
Phillip Theodore Rollock	Manager	1 May 2005	Other	2091694
Edward Dinnage Vandolsen	Manager	1 May 2005	Other	1043383
Paul Vanheest	Manager	1 May 2005	Other	3083838
Paul Stoddard Woodbury	Manager	1 May 2005	Other	2400098
Jr. Paul Joseph Van Heest	Manager	1 May 2005	Other	3083838
Stephen William Leonhardt	Chief financial officer	1 Sep 2005	Other	1132197
Eric Carl Oppenheim	Chief compliance officer	1 Mar 2006	Other	2444926
Peter Allen Case	Operations director	1 Jun 2006	Other	2396846
Lisa Kay Lynn	Chief compliance officer	1 Jun 2006	Other	2423767
Edward Joseph Grzybowski	Manager	1 Jun 2006	Other	1034303
Lisa Kay Lynn	Chief compliance officer	1 Jul 2006	Other	2423767
Kim Lisa Petry	Manager	1 Nov 2006	Other	3004509
Marjorie Pierre Merritt	Corporate secretary	1 May 2007	Other	5308970
Maliz Elizabeth Beams	Manager, president, ceo	1 Jul 2007	Other	2602107
Lyle Sanford Pitcher	Srop/crop	1 Jan 2008	Other	736093
Brian Richard Bohaty	Operations manager	1 Jul 2008	Other	2135630
Peter Anthony Kennedy	Manager, vice president, chief operating officer	1 Feb 2009	Other	2518393
Mitchell Warren Hedstrom	Manager	1 Feb 2009	Other	xxx-xx-xxxx
Matthew L Kurzweil	Manager	1 Feb 2009	Other	4961308
Samuel A Turvey	Chief compliance officer	1 Mar 2009	Other	4379604
Kevin Charles Brown	Director	1 Apr 2009	Other	1596054
Eric Thomas Jones	Manager, president, ceo	1 Jul 2010	Other	1520041
Carol Ward Deckbar	Manager	1 Dec 2010	Other	4056286
Anthony Michael Garcia	Manager	1 Dec 2010	Other	5885166
Jane Farley Magpiong	Manager	1 Dec 2010	Other	2898514
Kathie Jane Andrade	Manager	1 Nov 2011	Other	5573878
William Claire Bair	Chief financial officer	1 Mar 2012	Other	2487292
Pamela Lee Lewis Marlborough	Chief legal officer	1 Mar 2012	Other	4155943
Yves Philippe Denize	Chief legal officer	1 May 2012	Other	3203317
Eric Thomas Jones	Manager	1 Aug 2012	Other	1520041
Kathie Jane Andrade	Manager, , president, ceo	1 Aug 2012	Other	5573878
Teresa Ann Hassara	Manager	1 Feb 2014	Other	2297149
Pamela Lee Lewis Marlborough	Chief legal officer	1 Mar 2014	Other	4155943
Douglas Edward Chittenden	Manager	1 Nov 2014	Other	1719218
Catherine Regina Mccabe	Manager	1 May 2015	Other	1719552
Cherita Lataa Thomas	Corporate secretary	1 Sep 2015	Other	6569345
Christy Ross Lee	Chief financial officer	1 Oct 2015	Other	4926666
Christopher James Weyrauch	President, elected manager	1 Mar 2016	Other	2163669
William Gunnar Griesser	Elected manager	1 May 2016	Other	2492486
Rashmi Dilip Badwe	Elected manager	1 May 2016	Other	5702977
Peter Anthony Kennedy	Elected manager, vice president	1 Sep 2016	Other	2518393
Angela Marie Kahrmann	Chief operating officer	1 Sep 2016	Other	1879256
Kathie Jane Andrade	Elected manager	1 Jan 2017	Other	5573878
Christopher James Weyrauch	Ceo, elected manager	1 Jan 2017	Other	2163669
Angela Marie Kahrmann	President, chief operating officer	1 Jan 2017	Other	1879256
Marjorie Nmn Pierre Merritt	Corporate secretary	1 Oct 2017	Other	5308970
Christopher James Weyrauch	Ceo, chairman, elected manager	1 Dec 2017	Other	2163669
Angela Marie Kahrmann	President, chief executive officer, elected manager	1 Jun 2019	Other	1879256
Ross Hamlet Abbott	Chief operating officer	1 Jun 2019	Other	2756063

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Tiaa Board Of Overseers	Sole owner	1 Sep 1990	75% - 100%	13-6110585

Based in New York

The principal office where Tiaa Cref Individual & Institutional Services, LLC performs its advisory services is located at 730 Third Avenue, New York, NY 10017 3206, which is also the mailing address of the firm. An additional office of the firm is in Denver, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-490-9000 or by fax 212-916-6383. The normal business hours are 8:15 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at tiaa-cref.org.