TIAA has acquired MyVest, a provider of wealth management technology on a single platform.
MyVest will operate as a subsidiary of TIAA, focused on emerging technologies and reporting to TIAA chief digital officer Scott Blandford. TIAA has worked with MyVest to offer investment and tax management services for individuals since 2009.
“We have benefited from MyVest’s
innovations for many years and are thrilled to welcome this talented team to
the TIAA family,” Blandford says. “MyVest’s engineering and design expertise,
coupled with its deep knowledge of wealth management will help us find new ways
to simplify the complex, and often daunting, world of personal finance our
clients navigate throughout their lives.”
Terms of the deal were not disclosed.