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Tiaa-Cref Individual & Institutional Services, Llc




Tiaa-Cref Individual & Institutional Services, Llc. is a member of NASD, the National Association of Securities Dealers. NASD is a self-regulatory organization of the securities industry responsible for the operation and regulation of the NASDQ stock market and over the counter markets. It also administrates exams for the investments professionals, such as the series of 7 exams.
 
Tiaa-Creff Individual & Institutional Services was incorporated on September 4, 1990 as a membership corporation and is a wholly-owned subsidiary of Teachers Insurance and Annuity Association of America, a legal reserve life insurance company established under the insurance laws of the State of New York in 1918.
 
The services are a registered broker-dealer under the Securities Exchange Act of 1934 and a member of the National Association of Securities Dealers, Inc. Effective January 1, 2004, services was converted from a membership corporation to a limited liability company. Services provide administrative and distribution services related to the issuance of variable annuity contracts by College Retirement Equities Fund and TIAA Real Estate Account.Creff is a registered management investment company and a companion organization to TIAA. REA is a variable annuity separate account of TIAA. All services performed by Services for Creff and REA are at cost, pursuant to a Principal Underwriting and Administrative Services Agreement between Services and Creff, and Services and REA, with fees paid to services based on a percentage of Creff’s and REA’s average daily net assets, adjusted to actual costs quarterly. Services also provide services related to the distribution of shares of various affiliated mutual funds.
 
Beginning in late 2004, Services began offering brokerage services to individuals as an introducing broker through Pershing, Inc. various cash disbursements for Services are made by TIAA, which is reimbursed by Services in accordance with a Cash Disbursement and Reimbursement Agreement between Services and TIAA. TIAA allocates certain of its costs and expenses, as well as certain direct costs, to services. They also offer various affiliated and non-affiliated mutual funds to customers through retirement plans. Services hold those mutual funds shares through collection accounts established at the mutual funds.

The company has committed themselves to the success of the business, to the pursuit of excellence, to the safety of employees, and to providing industry leading quality of service to customers.

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