Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.
Consumer and commercial deposit and lending products and services are provided by EverBank, N.A., a Member FDIC and Equal Housing Lender. While EverBank, N.A. is not an affiliate of TIAA, EverBank, N.A. will be doing business as and operating under the TIAA Bank brand name and TIAA will continue to provide certain services to EverBank, N.A., including those related to online and mobile banking.
The TIAA group of companies does not provide legal or tax advice. Please consult your tax or legal advisor to address your specific circ*mstances.
TIAA-CREF Individual & Institutional Services, LLC, Member
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.
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.
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© 2023 and prior years, Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, New York, NY 10017.
As an expert in financial services and products, I've spent years delving into the intricacies of investment, insurance, and annuity offerings. My expertise is underscored by a deep understanding of the regulatory landscape, product structures, and the intricate web of financial institutions involved in these services.
Now, let's dissect the information provided in the article to shed light on the various concepts and entities mentioned:
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FDIC Insurance: The article begins by stating that investment, insurance, and annuity products are not FDIC insured. This is a crucial disclaimer, emphasizing that these financial products do not carry the same level of protection as traditional bank deposits. FDIC insurance typically covers deposits in banks up to a certain limit, providing security for customers.
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EverBank, N.A.: The article mentions EverBank, N.A. as a provider of consumer and commercial deposit and lending products. It is a Member FDIC and Equal Housing Lender, meaning it adheres to regulatory standards and offers a range of financial services, including deposits and loans. Additionally, EverBank, N.A. is operating under the TIAA Bank brand name.
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TIAA and TIAA-CREF: TIAA, or the Teachers Insurance and Annuity Association of America, is a key player in the financial landscape. The article points out that TIAA issues annuity contracts and certificates. It's essential to note that TIAA operates alongside the College Retirement Equities Fund (CREF), both based in New York, NY. The distinction is made that each entity is solely responsible for its own financial condition and contractual obligations.
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Legal and Tax Advice: The TIAA group of companies explicitly disclaims providing legal or tax advice. This serves as a reminder to readers that while financial institutions can offer guidance on their products, consulting a specialized advisor for legal and tax matters is crucial, as individual circ*mstances vary.
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TIAA-CREF Individual & Institutional Services, LLC: This entity, a Member FINRA and SIPC, is involved in the distribution of securities products. FINRA and SIPC memberships indicate adherence to industry regulations, with SIPC providing protection for customers' securities and cash held in brokerage accounts.
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TIAA Brokerage and Pershing, LLC: TIAA Brokerage, a division of TIAA-CREF Individual & Institutional Services, LLC, distributes securities, and brokerage accounts are carried by Pershing, LLC, a subsidiary of The Bank of New York Mellon Corporation. Both are significant entities in the financial services sector, with Pershing, LLC, playing a role in carrying brokerage accounts.
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Statement of Financial Condition: The article concludes with a reference to the TIAA-CREF Individual & Institutional Services, LLC, Statement of Financial Condition. This document provides a snapshot of the financial health and position of the mentioned entity, offering transparency to stakeholders.
In summary, the article covers a spectrum of financial concepts, from regulatory disclaimers to the roles of specific institutions and the importance of seeking specialized advice in legal and tax matters. My expertise in the field reinforces the importance of understanding these nuances for individuals navigating the complex landscape of financial products and services.
