Internal Advisor Consultant

TIAA is pulling charitable giving into the financial plan. September 28, 2026 TIAA Wealth Management has launched a new donor-advised fund program that lets clients open, fund, invest and manage charitable accounts alongside the rest of their financial lives, rather than sending the giving conversation somewhere else. The program, built with Charityvest, connects philanthropy directly to TIAA's wealth platform, advisor relationships, tax strategy and estate planning. The timing is particularly natural for TIAA. Many of its clients built careers in education, healthcare and nonprofit organizations, populations CEO David Nason says often want their accumulated wealth to continue serving causes they care about. Until now, that intention could sit somewhat awkwardly beside the investment and retirement accounts an advisor was already managing. The new program closes that gap. Clients can establish the donor-advised fund with their TIAA advisor, contribute assets and select from seven TIAA model portfolios while Charityvest, a public charity operating on Foundation Source's infrastructure, serves as the DAF sponsor. Grants can ultimately be recommended to any of 1.6 million IRS-qualified charities. That keeps several decisions that naturally belong together in the same conversation. A highly appreciated position can create an investment concentration problem, a tax-planning opportunity and a charitable gift at the same time. Estate planning can raise questions about what wealth is supposed to accomplish after death. A donor-advised fund can connect those decisions without requiring the charitable assets to leave the broader planning relationship. The economics also remain connected. TIAA-CREF Individual & Institutional Services will receive advisory fees for providing investment advice to Charityvest-sponsored accounts, while contributions are invested in model portfolios created for the program. The charitable gift itself is irrevocable, meaning the assets become Charityvest's property even though donors retain privileges to recommend grants over time. That distinction is what allows the tax and giving calendars to separate. A client can contribute to the DAF when the tax circumstances make a charitable deduction particularly useful, then decide later which qualified charities ultimately receive the money. Assets remain invested in the meantime and can grow tax-free. TIAA has also made the experience look less like a separate philanthropic administration system. The program is integrated into TIAA.org and includes electronic grant delivery, automated transaction processing, collaborative giving tools, charity gift cards and impact-investing options. The objective is to make charitable capital behave like another planned pool of family wealth without pretending that it remains available for personal use. Foundation Source brings considerable machinery behind that experience. As of the end of 2025, the company supported more than 20,000 donor-advised fund accounts and 5,600 private foundations, administered more than $55 billion in charitable assets and facilitated more than $4 billion in charitable aid annually. The larger change is where philanthropy sits inside the wealth relationship. Charitable giving has often appeared near the end of planning conversations, after retirement income, investments, taxes and estate structures have already been addressed. TIAA is treating it as another destination for capital that can influence all of those decisions while they are being made. That matters especially when wealth moves between generations. Families don't merely inherit portfolios. They inherit stories about what the money was for, and charitable decisions can become one of the few places where those intentions are made explicit while everyone is still around to discuss them. TIAA already manages the accumulation of wealth, its investment and its conversion into retirement income. The new donor-advised fund adds another possible destination. Some money is meant to be spent. Some is meant to reach the next generation. TIAA now wants the money meant to be given away to remain part of the plan too.

TIAA adds executive for tech, AI risk. Divyangi Anchan joins the firm as chief risk and compliance officer for technology and AI risk. TIAA announced the appointment of Divyangi Anchan as chief risk and compliance officer, technology and artificial intelligence risk. She will report to Mike Cowell, TIAA's chief risk officer and chief compliance officer. "From my very first interactions, it was clear that TIAA's leadership and associates share an extraordinary level of clarity and alignment to its mission," Anchan wrote in a LinkedIn post. "One statistic in particular has stuck with me - roughly 40% of Americans cannot retire with financial safety. A mission focused on enabling a dignified retirement for everyone deeply resonated with me. When you combine that kind of purpose with a 100+ year legacy, meaningful business growth, and exciting, in-progress technology transformation, the role of the risk and compliance organization becomes self-evident." The appointment comes as the leaders of many AI companies, including OpenAI's Sam Altman, Anthropic's Dario Amodei and XAI's Elon Musk, have called for a temporary pause in AI research based on their concerns over increased risk that AI may develop to be uncontrollable and therefore unsafe. Anchan previously led AI risk management and controls for Google's enterprise and corporate capabilities. She also held senior risk and compliance roles at American Express and J.P. Morgan. She earned a bachelor's degree in computer science from Mumbai University in India and a master's degree in computer science from Stony Brook University in New York. Home > News > Corporate Moves > Sell-Side Firm Wolfe Research Launches Alternative Asset Management Unit Sell-Side Firm Wolfe Research Launches Alternative Asset Management Unit. The platform will offer investment opportunities across private markets. Equity research firm Wolfe Research Advisors LLC announced Thursday the launch of Wolfe Alternative Asset Management, offering clients access to private market deals and insights. The platform will allow institutional clients to search for deals in the private markets across venture capital, private equity and private funds, with the firm co-investing alongside its clients. In the announcement, Wolfe Research noted the rapid rise of the private markets ecosystem - now standing at $22 trillion in assets under management - more than tripling from between $5 trillion and $7 trillion in 2015. The growth of alternatives coincides with the trend of private companies choosing to stay private for longer, while creating much of their value before going public, which the company stated leaves public-market investors with less exposure to post-IPO value creation. "In our view, public markets are increasingly indexed, correlated, and dominated by a handful of mega-cap names, leaving alpha generation harder to come by," wrote Ed Wolfe, the company's CEO, in the announcement. "Top-tier private deals have often been concentrated amongst the largest institutions, leaving most qualified investors on the outside. WAM hopes to change those dynamics for our members." In the future, Wolfe Research also plans to enter the secondaries market, facilitating liquidity for both buyers and sellers of positions in venture capital, private equity and private fund interests. "As more value continues to migrate to the private markets, the line between the two markets is blurring. Companies stay private longer and investors now operate on both sides of the line," Ed Wolfe wrote. "Therefore, understanding and exploiting sector dynamics requires seeing opportunities across public and private markets alike. This convergence is precisely why Wolfe's roster of seasoned analysts with deep fundamental knowledge across public and private players is well positioned to help investors navigate the rapidly evolving landscape." David O'Malley, who joined the firm zs head of Wolfe Alternative Asset Management last year, will continue to lead the new unit.