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  TIAA Personal Portfolio

TIAA Personal Portfolio

in Investment Advisors from TIAA Bank

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TIAA Personal Portfolio

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in Investment Advisors from TIAA Bank

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Highlights
Highlights
Minimum Account $0
Management Fee 0.3% - 1.15%

TIAA Personal Portfolio Review

TIAA Personal Portfolio is a bank founded in 1918 and based in New York, NY.

What fees does TIAA Personal Portfolio charge?

TIAA Personal Portfolio uses a fee-only model.

This means TIAA Personal Portfolio gets paid a flat fee regardless of what financial products or services you use. It also means they have a fiduciary responsibility to their clients. Instead of making money on trades commissions or selling products, they recommend an asset allocation and get paid a flat-fee or a percentage of the assets under administration. That requires that they act in their client’s financial best interest at all times.

TIAA Personal Portfolio uses a commission-based model. In other words, they get a commission when they sell you investment products, such as stocks or mutual funds.

TIAA Personal Portfolio Fees
Description
Monthly Fee $0
Annual Fee $0
Management Fee 0.3% - 1.15%
Commission Based? Yes
Fee Based? Yes
Account Transfer Fee $50
Account Termination Fee $0 - $130
Investment Expense Ratios 0.05% - 1.3%

What management fees does TIAA Personal Portfolio charge?

TIAA Personal Portfolio charges an annual management fee that starts at 0.3% and ranges up to 1.15%.

Many financial advisors charge based on how much money they oversee by using a fee-structure called “assets under management,” or AUM. For instance, a 0.40% fee translates to $4 per year for every $1,000 an investment advisor manages. Management fees, also known as maintenance fees, cover the operating costs of investment advisors and are typically deducted from your account every month or quarter. The management fee does not cover the underlying expense ratios of the investment vehicles purchased by investment advisors.

What are the investment expense ratios of TIAA Personal Portfolio?

Hiring an investment advisor with competitive investment fees is one of the most important steps to maximizing your portfolio's performance. Investment expense ratios can vary drastically depending on the types of accounts and assets involved. A survey by the ICI puts the average expense ratio for actively managed funds at 0.76% and indexed funds at 0.08%. The investment expense ratios of an investment advisor will vary depending on the type of assets they invest in and whether they attach additional charges to fund fees.

TIAA Personal Portfolio charges an investment expense ratio that starts at 0.05% and ranges up to 1.3%.

What type of investment accounts and asset classes does TIAA Personal Portfolio support?

TIAA Bank offers the following types of assets and account types.

Accounts Supported Options
Supported Options Unsupported Options
  • Individual Non-Retirement Accounts
  • Joint Non-Retirement Accounts
  • Roth IRA
  • Traditional IRA
  • Rollover IRA
  • SEP IRA
  • Trusts
  • 529 College Savings Plans
  • Employer Sponsored Plans
  • Custodial Accounts
  • TIAA Bank does not offer any of the investment vehicles that we track.

    What is the minimum amount you have to invest to open an account with TIAA Personal Portfolio?

    TIAA Personal Portfolio does not have a minimum amount to open an account.

    How does TIAA Personal Portfolio compare to other investment advisors?

    Pros & Cons of TIAA Personal Portfolio
    Pros Cons
  • Broad selection of account types.
  • Competitive investment expense ratios.
  • No minimum amount to open an account.
  • Does not offer low-cost ETFs.
  • Does not give access to human finance advisors.
  • Tax-loss harvesting not available.
  • Limited investment options.
  • SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

    Feature Breakdown

    Annual Fee $0
    Monthly Fee $0
    Account Termination Fee $0 - $130
    Account Transfer Fee $50
    Commission Based  
    Fee Based  
    Investment Expense Ratios 0.05% - 1.3%
    Management Fee 0.3% - 1.15%
    Accounts Supported
    • 529 College Savings Plans
    • Custodial Accounts
    • Employer Sponsored Plans
    • Individual Non-Retirement Accounts
    • Joint Non-Retirement Accounts
    • Rollover IRA
    • Roth IRA
    • SEP IRA
    • Traditional IRA
    • Trusts
    Automatic Rebalancing  
    Independent/Registered Investment Advisor  
    Software Managed  

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