OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has commented that the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Rating of "aaa†(Exceptional) of Teachers Insurance and Annuity Association of America (TIAA) remain unchanged following TIAA's announcement that Nuveen, a TIAA Company, has entered into a cash acquisition of Schroders plc (Schroders). Schroders is a leading provider in active asset management, advisory and wealth management services with $1.1 trillion in as. ...

Group 1 - SAX has acquired Scheidel, Sullivan & Lanni CPA (SSL) and Sierra Financial Advisors for an undisclosed sum, aiming to expand its offerings in tax, accounting, advisory, and wealth management services [1][4] - Sierra Financial Advisors has been integrated into SAX Wealth Advisors, enhancing SAX's wealth management capabilities [1] - The acquisition adds 73 partners and nearly 400 team members to SAX, expanding its national and international presence with offices along the US East Coast and in India, as well as a remote workforce across 27 US states [3] Group 2 - SSL is known for its partner-led service model and long-standing experience, while Sierra brings fiduciary wealth management capabilities and established client relationships [2] - Leaders from SSL and Sierra expressed that the transaction aligns with their culture and values, providing clients and team members with greater resources and expertise [3] - This acquisition marks the third transaction for SAX since receiving a minority investment from Cobepa, reflecting SAX's commitment to strategic growth [4]