Post by Admin/YBB on Oct 26, 2023 6:58:18 GMT -6
TIAA offers 529 and 529A (ABLE) programs in several states via its subsidiary TFI - TIAA-CREF Tuition Financing Inc. See the brochure below describing the activities of TFI. The AUM is $37.68 billion.
TFI manages 529s in several states. As of 10/2023, these include (with M* ratings within parentheses) CA (Silver), CO (Bronze), GA (Silver), MI (Gold), MN (Silver), OK (Bronze), WI (Silver); M* ratings vary widely because TIAA 529s are customized for states, rather than generic take-it-or-leave-it templates/plans. Some TIAA funds and SVs are also included in other 529 plans (VT, etc). There is also turnover in the 529 business and TFI previously managed 529s in CT, KY, MS, OR, etc.
Beyond the industry competition, people can go to nonstate 529s if their states don't offer tax incentives and the plans offered aren't attractive.
TIAA TFI Brochure 03/2023 files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=835409
TIAA TFI SEC Filing (as Advisor) adviserinfo.sec.gov/firm/summary/108580
TIAA CA 529 (Example) www.scholarshare529.com/
M* State 529 Map www.morningstar.com/529-plans
General Info on 529, 529A ybbpersonalfinance.proboards.com/board/6/minors
TFI manages 529s in several states. As of 10/2023, these include (with M* ratings within parentheses) CA (Silver), CO (Bronze), GA (Silver), MI (Gold), MN (Silver), OK (Bronze), WI (Silver); M* ratings vary widely because TIAA 529s are customized for states, rather than generic take-it-or-leave-it templates/plans. Some TIAA funds and SVs are also included in other 529 plans (VT, etc). There is also turnover in the 529 business and TFI previously managed 529s in CT, KY, MS, OR, etc.
Beyond the industry competition, people can go to nonstate 529s if their states don't offer tax incentives and the plans offered aren't attractive.
TIAA TFI Brochure 03/2023 files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=835409
TIAA TFI SEC Filing (as Advisor) adviserinfo.sec.gov/firm/summary/108580
TIAA CA 529 (Example) www.scholarshare529.com/
M* State 529 Map www.morningstar.com/529-plans
General Info on 529, 529A ybbpersonalfinance.proboards.com/board/6/minors