Tiaa Endowment & Philanthropic Services, LLC is a large advisory firm based in Boston. It manages $10.53 billion of regulatory assets for 6,310 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Colorado, Connecticut, and 14 other states.
Tiaa Endowment & Philanthropic Services provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and financial consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Tiaa Endowment & Philanthropic Services, LLC is $10.53 billion. The firm's AUM has gone down by -5% since the beginning of its operation, and $21.3 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Tiaa Endowment & Philanthropic Services, LLC for their services and products based on a percentage of assets under management and hourly charges. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, and pooled investment vehicles. The largest group of clients of Tiaa Endowment & Philanthropic Services is charitable organizations with 144 clients and $7.64 billion of assets under management. Among the 10 most similar advisory firms, Tiaa Endowment & Philanthropic Services has the highest percentage of charitable organizations out of all clients.
The amount of regulatory assets under management is $9.24 billion for 185 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Tiaa Endowment & Philanthropic Services also advises several private funds. Namely, thirteen hedge funds, one other private fund, and twelve private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.
The company employs 151 people that are either part- or full-time employees. 19 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Abigail Benton Mason has served as the Chief Investment Officer since 1 Dec 1997. David Sean Lyons joined the executive team most recently as the Chief Compliance Officer.
The principal office where Tiaa Endowment & Philanthropic Services, LLC performs its advisory services is located at 70 Franklin Street, Boston, MA 02110 1313, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 650-585-4100 or by fax 650-595-1400. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at kaspick.com.