Tiaa Kaspick, LLC

TIAA Kaspick, LLC, a financial advisor firm based in Boston, was established in 1989 and specializes in providing investment management and gift administration services primarily to charitable organizations. The firm, with $7.26 billion in discretionary assets under management as of December 31, 2022, focuses on managing planned giving programs for charitable organizations, including endowment management and defined benefit plans. TIAA Kaspick's fee structure is based on a percentage of assets under management, with fees payable quarterly in arrears. The firm offers different fee schedules for large planned giving programs, mid-sized planned giving programs, and high-net-worth individuals. TIAA Kaspick does not charge performance-based fees but may invest in mutual funds managed by affiliates of TIAA. The firm follows a multi-asset investment strategy, combining various asset types to manage risk and enhance returns. TIAA Kaspick exercises discretionary investment authority over client accounts and typically votes on client securities unless explicitly retained by the client. The firm has not reported any disciplinary events and has implemented a Code of Ethics to ensure compliance with federal securities laws. Clients receive regular reporting packages and have electronic access to their accounts through the custodian. TIAA Kaspick has custody over client accounts and is subject to an annual surprise examination. The firm selects brokers for client transactions based on best execution practices and may aggregate orders for multiple clients. TIAA Kaspick does not participate in class actions on behalf of clients and has policies in place to manage conflicts of interest related to proxy voting and affiliated funds.