It’s a known fact that I don’t care for self-directed brokerage accounts in 401(k) plans, but I won’t act as a censor for good news.
According to Charles Schwab with self-directed brokerage accounts (SDBAs), the average account balance across all participant accounts finished Q4 2020 at $331,664, a 13% increase year-over-year and a 10% increase from Q3 2020.
Advised SDBA accounts hold higher average account balances compared to non-advised accounts – $517,849 vs. $288,513 non-advised.
