What are the differences between Fidelity Investments and TIAA-CREF?
Fidelity Investments was founded in 1946 by Edward C. Johnson, II, a Boston businessman who believed that individuals could be better served financially by pooling their investments under a a professional investment manager. It is a privately owned, Boston based investment company offering participants a wide range of conservative to aggressive mutual funds. It offers investment opportunities to employees of academic institutions, hospitals, other health care employers, foundations, and other tax-exempt organizations as well as for-profit employers. TIAA and CREF are companion organizations that provide investment opportunities to employees of academic institutions and certain other tax-exempt educational and research organizations. The Teachers Insurance and Annuity Association (TIAA) was founded as an insurance company in 1918 by the Carnegie Foundation for the Advancement of Teaching. The College Retirement Equities Fund (CREF) was established in 1952 to provide the variable compone
