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


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.

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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.


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