TIAA-CREF is currently selecting advisers for its own network, which will launch over the next six months and go nationwide early next year. For participants in TIAA-CREF retirement plans, the network will be a pre-screened group of planners who can provide advice on specific plans that meet fiduciary standards.
The Center for Due Diligence based in Western Springs, Illinois, and PlanTools will provide a due diligence standard that qualifies advisers to participate. The CFDD specializes in analyzing 401(k) programs for financial advisers who subscribe to its service. According to its website, its “analysis is not tied to vendor revenue, and providers can’t pay us to say nice things about them.”
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