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TIAA~CREF, is a national financial services organization with $466 billion in combined assets under management (3/31/11) and the leading provider of retirement services in the academic, research, medical and cultural fields.
While the news is not about 401k plans, TIAA-CREF is a big player in the non-profit, 403(b) and 457(b) company retirement plan business, TIAA~CREF announced on June 7th that they will be partnering with another organization to help plan sponsors and participants select independent advisors to meet their evolving retirement planning needs.
What is significant, IMO, is if this institution has recognized the value of advice on the individual participant level, then the major 401k plan providers will likely follow suit.
Keep a sharp eye on any announcement you may get from your employe
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TIAA~CREF, is a national financial services organization with $466 billion in combined assets under management (3/31/11) and the leading provider of retirement services in the academic, research, medical and cultural fields.
