Cryptocurrency at TIAA CREF
You cannot invest in Ethereum (ETH), Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC) or
any other alt coins cryptocurrencies on TIAA CREF at this time. As an alternative, you can use
a
SIPC insured and FINRA/SEC regulated $0 commission broker called Robinhood
that does offer
cryptocurrencies trading (learn more).
Robinhood Promotion
Visit Robinhood Website
About TIAA
TIAA-CREF (Teachers Insurance and Annuity Association) is a Fortune 100 full-service financial services company that specializes in the needs of those who work in the
academic, research, medical and cultural fields. The company helps its customers reach their financial goals — for retirement, saving for college or providing protection
for loved ones. TIAA–CREF is headquartered in New York City and has major offices in Denver, Colorado; Charlotte, North Carolina; and Dallas, Texas; as well as seventy
local offices throughout the U.S. Recently TIAA–CREF ranked 97th on Fortune's list of the 500 largest corporations in America.
TIAA Invest Overview
TIAA (formerly known as TIAA-CREF) is well-known as an industry leader in investment retirement planning for non-profit, state, and employer-sponsored retirement plans. They are trying to leverage their well-known brand to expand their investment offerings to a wider audience through TIAA brokerage accounts. This article will offer a brief overview of what you can expect investing with a TIAA brokerage account.
Investment Options and Capabilities
With TIAA, you can invest in a wide variety of different asset types, including stocks, bonds, ETFs, mutual funds, and CDs. TIAA’s investing platform offers real-time quotes, company-specific research and financials, as well as screening tools, all to help you plan and manage your portfolio independently.
TIAA also regularly publishes market commentary, insights, and updates on its website for its clients, such as the below article on January 28th which discusses the market’s recent performance within the context of the government shutdown. These regular updates can be informative and help to keep you up to date on the market environment as you manage your portfolio.
Pricing
At TIAA, you will pay a flat $0 per trade for stocks and ETFs, although like many of their competitors, TIAA also offers commission-free trading on some 160 ETFs. There are no account minimums or maintenance fees.
Personal Portfolios
For those who prefer to sit back and let a professional manage their account, TIAA offers two levels of portfolio management services – Personal Portfolios and Portfolio Advisors. With a $5,000 minimum investment and a low 0.30% annual fee, TIAA will give you access to their online self-service portfolio management tool. After answering some questions about your investment goals and financial situation, TIAA’s AI platform will recommend a unique portfolio of ETFs and index funds for you and maintain and rebalance it as needed.
Portfolio Advisors
TIAA’s higher tier of portfolio management is called “Portfolio Advisors”. This is similar to Personal Portfolios but requires a higher minimum balance of $50,000 and charges a higher annual fee between 0.40% to 1.15% depending on the specific investments and asset mix in your portfolio. In exchange for the higher fee, you get a more personalized portfolio with more sophisticated rebalancing and a dedicated advisor with access to financial planning.
Updated on 12/22/2024.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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