TIAA, Capitalize Collaborate to Simplify Rollover Experience

TIAA Wealth Management, a division of TIAA, is partnering with Capitalize to offer a new digital rollover experience for self-directed IRAs at TIAA.

This new solution aims to help Americans find and consolidate left-behind retirement assets from former employers into TIAA IRAs with access to lifetime income products.

The rollover process leverages Capitalize’s Rollover API to help individuals locate former employer-sponsored retirement accounts and consolidate eligible assets into a TIAA IRA.

“Americans work hard to save for retirement, and their savings shouldn’t be harder to manage after a job change,” said David Nason, CEO of TIAA Wealth Management and Advice Solutions. “This partnership addresses a critical barrier in retirement planning: the friction that prevents people from consolidating and managing their savings. When we remove obstacles and simplify the process, we help millions of people keep more of their money working toward the retirement they deserve.”

“We’re proud to combine our innovative technology with TIAA’s trusted financial products to make it easier for people to consolidate their retirement accounts. Together, we’re helping Americans better save for retirement and maximize their assets on the way to a fulfilling and rewarding retirement,” said Gaurav Sharma, founder and CEO of Capitalize.

This partnership follows investment from TIAA Ventures, a strategic venture capital (VC) investment program operating within TIAA.