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Self-Directed Brokerage Account were also up for 2020 Q4

SDBA

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.

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