TIAA-CREF Individual & Institutional Services LLC

Item 5 (Fees and Compensation)
Updates to the section “Compensation of TC Services Financial Professionals and PMs” were made to summarize
compensation for TIAA Financial Professionals.

                 Your financial situation
                 You should inform us of any changes to your financial situation that could affect your Program account. Please
                 immediately contact a member of your advisory team (or call the toll-free number above) if there are any
                 changes to your financial situation or investment objectives, or whether you wish to impose any reasonable
                 restrictions on the management of your Program account or reasonably modify any existing restrictions.

©2026 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, New York, NY
4271450 / 03 2026

Item 7 – Types of Clients
We primarily provide the RIA services to individuals who have a pre-existing relationship with TIAA,
often through their participation within a TIAA administered employer sponsored Plan, such as a 403(b)
Plan. However, we also provide RIA services to other individuals without a pre-existing relationship with
TIAA, and to organizations such as trusts, estates, partnerships, corporate entities, and small Plans. We
only provide RIA services to U.S. residents.

PAM does not have a minimum investment amount, but the Program generally is deemed appropriate for
clients with at least $1,000,000 in investable assets in the Program. These suggested investment amounts
are subject to change with notice only to impacted clients enrolled in the applicable program.

For more information about these requirements, you can request a copy of each TIAA Managed
Account’s disclosure brochures or find it at https://www.tiaa.org/relationshipdisclosures.