Pre Loader

Self-Directed Brokerage Accounts (SDBAs)

/Self-Directed Brokerage Accounts (SDBAs)

SELF-DIRECTED BROKERAGE ACCOUNTS

Plan Participants have the option of creating a Self-Directed Brokerage Account (SBDA), Participants can go beyond their Plan’s pre-selected investment lineup and gain access to a variety of additional investment choices.  Participants can take control over their investment decisions and tailor strategies to fit their investment objectives.

 

EXPANDED INVESTMENT OPTIONS

Participants can access a variety of investment options, including: 

  • FPLCM Model Portfolios
  • Mutual funds
  • Interval mutual funds
  • ETFs
  • CDs
  • Unit Investment Trusts (UITs)
  • Individual stocks or bonds
  • Structured notes – Options*
  • Private non-traded investments such as BDCs or REITs*
  • Private equity funds*
  • Private credit/debt funds*
  • Private equity real estate funds*
  • Hedge funds*

 

FINANCIAL PROFESSIONAL ACCESS

Participants have the option of managing the SDBA themselves or authorizing a third-party financial professional to assist in managing their account.  Participants also have the option to retain the private client asset management services of FPL Capital Management to manage their account(s).

 

CUSTODIAN

Participants can establish a Self-Directed Brokerage Account with TD Ameritrade if the TPA services are provided by Vanguard.  If any other TPA is being utilized by the Plan, Participants also have the option of creating SDBAs at Schwab or Fidelity.

 

PARTICIPANT FEES

Recordkeeper Annual Fee:  $50 (varies with custodian)
FPLCM Annual Maintenance Fee:  $150
FPLCM One-Time Setup Fee:  $250
Account Management Fees:

  • Do-It-Yourself – No Fee
  • FPLCM Annual Fee – $1,000 – $5,000*
  • Third-Party Advisor – Advisor Fee Schedule