(Bloomberg) -- TIAA, the provider of insurance and retirement products that oversees more than $860 billion in assets, bought MyVest, a San Francisco-based wealth-management technology firm that assists broker-dealers and banks.

MyVest has worked with TIAA since 2009 and will continue to collaborate across TIAA’s product line, the New York-based buyer said Thursday in a statement that didn’t disclose terms. MyVest uses a cloud-based software-and-services platform to provide personalized investing information and advice for savers, advisers and wealth-management firms.

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