9AT: TIAA KASPICK, LLC

TIAA KASPICK, LLC

Related Companies

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other names

TIAA KASPICK, LLC
COVARIANCE CAPITAL MANAGEMENT, INC.
TIAA KASPICK
TIAA ENDOWMENT & PHILANTHROPIC SERVICES, LLC
KASPICK & COMPANY, LLC
KASPICK & CO LLC

Adviser Profile

As of Date	03/18/2025
ADV Location	BOSTON, MA, United States
Adviser Type - Large advisory firm
Number of Employees	115 5%
of those in investment advisory functions	16 -6%
Registration	SEC, Approved, 10/23/1986

AUM^*	8,506,140,176 17%
of that, discretionary	8,499,193,664 17%
Private Fund GAV^*	0
Avg Account Size	1,378,852 18%
SMA’s	Yes
Private Funds	0
Contact Info	650 xxxxxxx
Websites

Client Types

- Individuals (other than high net worth individuals)
- Charitable organizations
- State or municipal government entities

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Hourly charges

Reported AUM

12B 10B 8B 7B 5B 3B 2B

2015 2016 2017 2018 2019 2020 2021 2022 2023

Discretionary

Non-discretionary

Private Funds

GAV Count

Employees

Top Holdings

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck Ticker78462F103	Stock NameSPDR S&P 500 ETF TR TR UNIT	$ Position$5,116	% Position21.16%	$ Change-0.02%	# Change-0.28%
Stck Ticker464287622	Stock NameISHARES TR RUS 1000 ETF	$ Position$3,669	% Position15.17%	$ Change-2.08%	# Change-1.94%
Stck Ticker921943858	Stock NameVANGUARD TAX-MANAGED INTL FD FTSE DEV MKT ETF	$ Position$3,445	% Position14.25%	$ Change-1.99%	# Change0.00%
Stck Ticker025816109	Stock NameAMERICAN EXPRESS CO COM	$ Position$2,733	% Position11.30%	$ Change0.29%	# Change-1.06%
Stck Ticker464287465	Stock NameISHARES TR MSCI EAFE ETF	$ Position$1,491	% Position6.17%	$ Change-1.13%	# Change0.00%
Stck Ticker464287655	Stock NameISHARES TR RUSSELL 2000 ETF	$ Position$1,291	% Position5.34%	$ Change-4.65%	# Change0.00%
Stck Ticker25434V500	Stock NameDIMENSIONAL ETF TRUST US SMALL CAP ETF	$ Position$1,215	% Position5.02%	$ Change-1.54%	# Change0.00%
Stck Ticker03076C106	Stock NameAMERIPRISE FINL INC COM	$ Position$1,023	% Position4.23%	$ Change4.82%	# Change-1.15%
Stck Ticker922908744	Stock NameVANGUARD INDEX FDS VALUE ETF	$ Position$1,006	% Position4.16%	$ Change-3.82%	# Change-2.36%
Stck Ticker25434V609	Stock NameDIMENSIONAL ETF TRUST US TARGETED VLU	$ Position$925	% Position3.83%	$ Change-0.86%	# Change0.00%

Brochure Summary

Overview

Kaspick & Company, LLC was founded in 1989 and became an indirect subsidiary of Teachers Insurance and Annuity Association of America, a New York life insurance company (“TIAA”) in 2006, through TIAA-CREF Redwood, LLC, a wholly owned subsidiary of TIAA (“TIAA Redwood”). Effective as of April 1, 2018, Covariance Capital Management, Inc., another wholly owned subsidiary of TIAA Redwood, merged with and into Kaspick. Following the merger, the combined business was renamed TIAA Endowment & Philanthropic Services, LLC (“TEPS”) on April 18, 2018, and its two business units were named: TIAA Kaspick and TIAA Endowments. On November 5, 2019, TEPS announced its decision to wind down its TIAA Endowments business unit. In connection with the wind down, TEPS terminated all of its TIAA Endowments investment management agreements and liquidated its private commingled marketable securities and private illiquid “vintage” funds, leaving TIAA Kaspick as the sole business unit of TEPS. On April 19, 2021, TEPS changed its legal name to TIAA Kaspick, LLC (“TIAA Kaspick”). TIAA Kaspick primarily provides investment management and/or gift administration services to charitable organizations and their planned giving programs. A given client’s planned giving program may contain charitable trusts,

charitable gift annuities, pooled income funds, donor advised funds, and/or other such assets of the charitable organization. Each trust or gift arrangement has an account under umbrella investment management and gift administration agreements between TIAA Kaspick and the trustee/charitable organization. The charitable organization is TIAA Kaspick’s client and the intended audience for the disclosures herein. Subject to any restrictions contained in applicable client account agreements or investment guidelines, TIAA Kaspick invests its clients’ assets in mutual funds managed by third party managers and/or affiliates of TIAA. In addition to investment management of planned giving programs, TIAA Kaspick provides additional investment management services to charitable organizations, including but not limited to endowment management and/or management of defined benefit plans. TIAA Kaspick historically offered investment management services to individuals and continues to do so for select legacy clients; however, this service is not available to new clients. As of December 31, 2023, TIAA Kaspick managed $8,092,640,256 in discretionary assets and $2,357,678 in nondiscretionary assets for a total of $8,094,997,934 in regulatory assets under management.