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Frequent Contributor

"Client Relationship summary, June 26, 2020"

 

The four page  summary appeared in my email this afternoon.

Read your copy carefully: among other things, it explicitly acknowledges asset gathering and potential conflicts of interest and various fees.

None of it surprises me, but I do recall previous complaints--as if this isn't part of the financial industry.

Caveat emptor!

Bob

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Explorer ○○○

Re: "Client Relationship summary, June 26, 2020"

I'm glad I was not only one to receive that today. I thought perhaps it was related to something I asked tiaa to do. But it seems just normal communication.

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Frequent Contributor

Re: "Client Relationship summary, June 26, 2020"

I believe it's an SEC requirement.

Bob

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Frequent Contributor

Re: "Client Relationship summary, June 26, 2020" [New Reg BI and CRS]

New Regulation Best Interest [Reg BI] kicked in on 6/30/20 and Client Relation Summary [CRS] is part of that. 

General   https://www.tiaa.org/public/support/regbi

CRS Details   https://www.tiaa.org/public/pdf/support/regbi/TIAA_FormCRS.pdf

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