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Plaintiffs Say TIAA Investment Recommendations Favored Its Own Products
ThinkAdvisor 
Aug. 7, 2024 "[The lawsuit] accuses TIAA and Morningstar of developing an investment advice tool that has improperly steered clients toward profitable proprietary investment vehicles, including the TIAA Traditional Annuity and the TIAA Real Estate Account.... [T]he tool was allegedly developed in response to a drop in market share for TIAA’s retirement plan services business." [Kelley v. TIAA, No. 24-5945 (S.D.N.Y. complaint filed Aug. 5, 2024)] MORE >> |
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