Institutional InvestorsBusiness Banking Open an accountGet Help Retire Invest Bank Learn About TIAA Search LOG IN PRODUCTS Brokerage Open A Brokerage Account Take a Tour of TIAA Brokerage What’s on this page: Get The Basics Brokerage Options Investments How It Works Help Me Choose Contact Us BROKERAGE OPTIONS What we offer Buy stocks, exchange traded funds (ETFs) and options online or with the TIAA mobile app for $0 per trade.1 No cost or minimum to open an account No maintenance fees Over 3,000 No Transaction Fee Mutual Funds INVESTMENTS Ways to use a TIAA brokerage account You can hold different types of investments within a brokerage account, depending on whether you want to prepare for retirement or invest for another goal. Brokerage investments can include: MUTUAL FUNDS A collection of investments in a single fund TIAA Brokerage Mutual Fund Families CERTIFICATE OF DEPOSITS (CDS) A savings account that holds a deposit for a set period of time in exchange for a higher interest rate EXCHANGE TRADED FUNDS (ETFS) Different types of investments that are bundled together to trade on various stock exchanges STOCKS An investment that represents a share of ownership in a company BONDS A loan made by an investor to a borrower, usually in exchange for a fixed interest payment A brokerage account gives you plenty of choices, but it’s just one of many types of investing accounts available through TIAA. HELP ME CHOOSE 1 There is no account fee to own a TIAA brokerage account; however, brokerage transaction fees may apply. In addition, investors are subject to the underlying funds’ portfolio management fees and expenses. 2 Diversification is a technique to help reduce risk. It is not guaranteed to protect against loss. 3 As with all mutual funds, the principal value of a Lifecycle fund or Target Date fund isn’t guaranteed at any time and will fluctuate with market changes. The target date approximates when investors may plan to start making withdrawals. However, you are not required to withdraw the funds at that target date. After the target date has been reached, some of your money may be merged into a fund with a more stable asset allocation. Lifecycle funds and Target Date funds share the risks associated with the types of securities held by each of the underlying funds in which they invest. In addition to the fees and expenses associated with the Lifecycle funds and Target Date funds, there is exposure to the fees and expenses associated with the underlying mutual funds. Be sure to reassess goals regularly and if your situation has changed, you may want to choose another Lifecycle fund or Target Date fund that more closely matches your new risk profile. 4 TIAA-CREF managed account services provide discretionary investment management services for a fee. Certain securities may not be suitable for all investors. TIAA-CREF managed account services are offered through TIAA-CREF Advice and Planning Services and TIAA-CREF Individual & Institutional Services, LLC , a registered investment adviser and broker-dealer, and the Private Asset Management offered by TIAA, FSB, a federal savings bank. TIAA Brokerage, a division of TIAA-CREF Individual & Institutional Services, LLC, Member FINRA and SIPC , distributes securities. Brokerage accounts are carried by Pershing, LLC, a subsidiary of The Bank of New York Mellon Corporation, Member FINRA, NYSE, SIPC. Advisory services are provided by Advice & Planning Services, a division of TIAA-CREF Individual & Institutional Services, LLC, a registered investment adviser. This material is for informational or educational purposes only and does not constitute fiduciary investment advice under ERISA, a securities recommendation under all securities laws, or an insurance product recommendation under state insurance laws or regulations. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor’s own objectives and circumstances. 1090618 Feedback Not a customer yet? 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Consumer and commercial deposit and lending products and services are provided by TIAA Bank®, a division of TIAA, FSB. Member FDIC. Equal Housing Lender. The TIAA group of companies does not provide legal or tax advice. Please consult your tax or legal advisor to address your specific circumstances. TIAA-CREF Individual & Institutional Services, LLC, Member FINRA and SIPC , distributes securities products. SIPC only protects customers’ securities and cash held in brokerage accounts. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Each is solely responsible for its own financial condition and contractual obligations. Teachers Insurance and Annuity Association of America is domiciled in New York, NY, with its principal place of business in New York, NY. Its California Certificate of Authority number is 3092. TIAA-CREF Life Insurance Company is domiciled in New York, NY, with its principal place of business in New York, NY. Its California Certificate of Authority number is 6992. Read the TIAA-CREF Individual & Institutional Services, LLC, Statement of Financial Condition . © 2021 and prior years, Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, New York, NY 10017