DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Tiaa-Cref Tuition Financing, Inc.

Institutional managerNew York, New YorkCRD 108580SEC 801-56817websiteIAPD
Latest filing Jun 16, 2026
First filing on the tape Dec 21, 2011 · 43 filings
SEC status approved since Sep 10, 1999
RAUM
$71B
reported, Item 5.F
Discretionary
0.0%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
65
5 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
43 filings and snapshots on the tape
RAUM$71B as of Jun 16, 2026
Mar 21, 2012$11B then
HNW client RAUM: no history
State-registered IARs (5.B.3)6 as of Jun 16, 2026
Mar 21, 20120 then
Employees (5.A)65 as of Jun 16, 2026
Mar 28, 201353 then
Private funds: no history
RAUM +16% over the last fiscal year+23% a year over threeIARs 6 to 6
Practice profile
derived from the filing of Jun 16, 2026; every figure names its basis
Archetypes, each a printed rule
  • Institutional asset manager · institutional share (pensions, government, insurance, corporations, charities, banks, other advisers) at least 60 percent and private-client share under 20 percent
RAUM per advisor
$12BderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$7.8BderivedRAUM over accounts (5.F.2.f)
Discretionary
0.0%derivedof RAUM
Institutional
100%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
10.8derivedItem 5.A over advisors
Advisors per office
2.0derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+16%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
otherreportedItem 5.E
Advisory activities
otherreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • State and municipal entities$71B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
9reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
n/areported
Class basis
private_client_share=0.0 fund_share=0.0 institutional_share=1.0 related_bd=true related_bank=true bd_reps=40.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • Dennis Jeffrey Carlin · Directorcontrol
        since 01/2021 · owns less than 5%
      • Gordon Bradley Finkle · Directorcontrol
        since 03/2023 · owns less than 5%
      • Martin Sean Flynn · Chief Compliance Officercontrol
        since 12/2019 · owns less than 5%
      • Marie Angela Kahrmann · Directorcontrol
        since 01/2021 · owns less than 5%
      • Shields Christopher Lynch · President And Directorcontrol
        since 10/2016 · owns less than 5%
      • Spencer Craig Parkin · Directorcontrol
        since 01/2021 · owns less than 5%
      Entity owners
      • Teachers Insurance And Annuity Association Of America · Shareholder
        direct · owns 75% or more
      • Tiaa Board Of Governors · Shareholder
        indirect · owns 75% or more of Teachers Insurance And Annuity Association Of America
      Related persons
      Schedule D 7.A
      Advisers that list Tiaa-Cref Tuition Financing, Inc. as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Charlotte, NC2 employees
      • New York, NY2 employees
      ADV anomalies
      1 against comparable advisers; where to look, not conclusions
      • low discretionary shareStatic outlier · filing Jun 16, 2026
        discretionary share of RAUM of 0% against a peer median of 99% (90 comparable advisers, 0.0th percentile, 33.3 robust deviations)
        peers: institutional managers, $20B and over (90) · 0.0% percentile
      What changed
      consecutive filings, newest first
      • Accounts · 8 to 9
        Nov 20, 2025 to Mar 25, 2026
      • Advisory employees · 3 to 5
        Nov 20, 2025 to Mar 25, 2026
      • BD registered reps · 37 to 40
        Nov 20, 2025 to Mar 25, 2026
      • Employees · 54 to 65
        Nov 20, 2025 to Mar 25, 2026
      • Non-discretionary RAUM · $61B to $71B
        Nov 20, 2025 to Mar 25, 2026
      • RAUM · $61B to $71B
        Nov 20, 2025 to Mar 25, 2026
      • Financial planning clients · 0 to 0
        May 7, 2025 to Nov 20, 2025
      • Accounts · 7 to 8
        Aug 16, 2024 to Apr 28, 2025
      • BD registered reps · 29 to 37
        Aug 16, 2024 to Apr 28, 2025
      • Employees · 46 to 54
        Aug 16, 2024 to Apr 28, 2025
      • Non-discretionary RAUM · $43B to $61B
        Aug 16, 2024 to Apr 28, 2025
      • RAUM · $43B to $61B
        Aug 16, 2024 to Apr 28, 2025
      • Employees · 47 to 46
        Mar 30, 2023 to Mar 27, 2024
      • State-registered IARs · 7 to 6
        Mar 30, 2023 to Mar 27, 2024
      • Non-discretionary RAUM · $38B to $43B
        Mar 30, 2023 to Mar 27, 2024
      • RAUM · $38B to $43B
        Mar 30, 2023 to Mar 27, 2024
      • Employees · 41 to 47
        May 20, 2022 to Mar 30, 2023
      • Insurance-licensed employees · 3 to 0
        May 20, 2022 to Mar 30, 2023
      • State-registered IARs · 0 to 7
        May 20, 2022 to Mar 30, 2023
      • Non-discretionary RAUM · $41B to $38B
        May 20, 2022 to Mar 30, 2023
      • RAUM · $41B to $38B
        May 20, 2022 to Mar 30, 2023
      • BD registered reps · 30 to 29
        Feb 1, 2022 to Mar 31, 2022
      • Employees · 40 to 41
        Feb 1, 2022 to Mar 31, 2022
      • Non-discretionary RAUM · $35B to $41B
        Feb 1, 2022 to Mar 31, 2022
      • RAUM · $35B to $41B
        Feb 1, 2022 to Mar 31, 2022
      • BD registered reps · 42 to 30
        Jan 29, 2021 to Mar 31, 2021
      • Employees · 53 to 40
        Jan 29, 2021 to Mar 31, 2021
      • Non-discretionary RAUM · $29B to $35B
        Jan 29, 2021 to Mar 31, 2021
      • RAUM · $29B to $35B
        Jan 29, 2021 to Mar 31, 2021
      • Accounts · 10 to 7
        Feb 20, 2020 to Mar 30, 2020
      • BD registered reps · 45 to 42
        Feb 20, 2020 to Mar 30, 2020
      • Employees · 59 to 53
        Feb 20, 2020 to Mar 30, 2020
      • Financial planning clients · unset to 0
        Feb 20, 2020 to Mar 30, 2020
      • Non-discretionary RAUM · $25B to $29B
        Feb 20, 2020 to Mar 30, 2020
      • RAUM · $25B to $29B
        Feb 20, 2020 to Mar 30, 2020
      • Advisory employees · 4 to 3
        Jun 13, 2018 to Mar 29, 2019
      • BD registered reps · 48 to 45
        Jun 13, 2018 to Mar 29, 2019
      • Employees · 60 to 59
        Jun 13, 2018 to Mar 29, 2019
      • Insurance-licensed employees · 4 to 3
        Jun 13, 2018 to Mar 29, 2019
      • Non-discretionary RAUM · $27B to $25B
        Jun 13, 2018 to Mar 29, 2019
      Signals
      16 dated events
      • Tiaa-Cref Tuition Financing, Inc. reported RAUM $60.8B, up 41% from $43.1B (2024-08-16 to 2025-04-28)
        Apr 28, 2025 · RAUM change · derived
      • Ali Mohammad Iqbal (Director) no longer on Schedule A of Tiaa-Cref Tuition Financing, Inc. (listed 2022-05-20, absent 2023-03-30)
        Mar 30, 2023 · Control person left · inference
      • Gordon Bradley Finkle (Director) appeared on Schedule A of Tiaa-Cref Tuition Financing, Inc.
        Mar 30, 2023 · Control person joined · fact
      • Gunnar William Griesser (Director) no longer on Schedule A of Tiaa-Cref Tuition Financing, Inc. (listed 2022-03-31, absent 2022-05-20)
        May 20, 2022 · Control person left · inference
      • Ali Mohammad Iqbal (Director) appeared on Schedule A of Tiaa-Cref Tuition Financing, Inc.
        Mar 31, 2022 · Control person joined · fact
      • Gunnar William Griesser (Director) appeared on Schedule A of Tiaa-Cref Tuition Financing, Inc.
        Jan 26, 2021 · Control person joined · fact
      • Edward Timothy Lane (Director) no longer on Schedule A of Tiaa-Cref Tuition Financing, Inc. (listed 2020-03-31, absent 2021-01-26)
        Jan 26, 2021 · Control person left · inference
      • Joseph Michael Noone (Director) no longer on Schedule A of Tiaa-Cref Tuition Financing, Inc. (listed 2020-03-31, absent 2021-01-26)
        Jan 26, 2021 · Control person left · inference
      • Spencer Craig Parkin (Director) appeared on Schedule A of Tiaa-Cref Tuition Financing, Inc.
        Jan 26, 2021 · Control person joined · fact
      • Dennis Jeffrey Carlin (Director) appeared on Schedule A of Tiaa-Cref Tuition Financing, Inc.
        Jan 26, 2021 · Control person joined · fact
      • Marie Angela Kahrmann (Director) appeared on Schedule A of Tiaa-Cref Tuition Financing, Inc.
        Jan 26, 2021 · Control person joined · fact
      • Henry Keith Rauschenbach (Director) no longer on Schedule A of Tiaa-Cref Tuition Financing, Inc. (listed 2020-02-20, absent 2020-03-30)
        Mar 30, 2020 · Control person left · inference
      • Martin Sean Flynn (Chief Compliance Officer) appeared on Schedule A of Tiaa-Cref Tuition Financing, Inc.
        Jan 21, 2020 · Control person joined · fact
      • Kay Lisa Lynn (Chief Compliance Officer) no longer on Schedule A of Tiaa-Cref Tuition Financing, Inc. (listed 2019-08-26, absent 2020-01-21)
        Jan 21, 2020 · Control person left · inference
      • Kay Lisa Lynn (Chief Compliance Officer) appeared on Schedule A of Tiaa-Cref Tuition Financing, Inc.
        Jun 21, 2019 · Control person joined · fact
      • Mark John Obeck (Chief Compliance Officer) no longer on Schedule A of Tiaa-Cref Tuition Financing, Inc. (listed 2019-03-29, absent 2019-06-21)
        Jun 21, 2019 · Control person left · inference
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      How to reach
      public business contact points only, each with its source
      Website
      tiaa.org/public/invest/financial-products/529-college-savingreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      212-490-9000reportedpublic record, Form ADV, Jun 16, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Institutional managerderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026