Self-Directed Brokerage Accounts
EXPANDED INVESTMENT OPTIONS
Plan participants have the option of creating a Self-Directed Brokerage Account (SBDA). Participants can gain access to a variety of additional investment choices, beyond their retirement plan’s pre-selected investment lineup. SDBAs allow participants to take more control by accessing additional investment strategies to design a portfolio of securities that best suits their investment objectives.
Participants can access a variety of investment options, including:
- Mutual funds
- ETF’s
- Individual stocks or bonds
- CD’s
- Interval mutual funds
- Private equity funds*
- Private credit/debt funds*
- Private equity real estate funds*
- Hedge funds*
Advisor Managed Account (AMA)
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 private client wealth management services of FPLCM. Visit our Private Client Services page for additional details.
SDBA Custodians
Participants can establish a Self-Directed Brokerage Account at Schwab or Fidelity.
Self-Directed Brokerage Account Options
Standard SDBA
This is the basic self-managed SDBA where participants can invest in the full universe of funds, ETFs, stocks, and bonds available at the SDBA custodian, such as Schwab or Fidelity.
$150 annual fee + a one-time setup fee of $250.
Enhanced SDBA
All features of Standard SDBA plus the ability to invest in Private Funds. Private Funds offered will be a short list of funds that have been carefully selected to be made available to SDBAs. Participants will be limited to 4 private funds and 4 private fund trades per year. Additional trades will be subject to additional fees.
$1,000 annual fee + a one-time setup fee of $500.
Private Wealth SDBA
This is essentially the same as FPLCM’s managed account service. If you choose this option, it allows you to add other types of accounts (Traditional IRAs, Roth IRAs, Taxable Accounts, etc.) to our platform to be managed.
Annual fee is 50 BPS of assets under management with a maximum annual fee. Maximum annual fee is based on the level of service selected. See Advisory Fee Schedule.
