TIAA, Morningstar Accused of Funneling Assets to Proprietary Products

August 7, 2024 by John Manganaro

A lawsuit filed Monday in a federal court 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.

Known as the Retirement Advisor Field View, the tool was allegedly developed in response to a drop in market share for TIAA’s retirement plan services business.

Click HERE to read the full story via Think Advisor

Wink’s Moore on the Market: Whoa ho HO!

Those are some BIG allegations -sjm

Originally Posted at Think Advisor on August 6, 2024 by John Manganaro.