I\u2019m wary of self-directed brokerage account because I still concerned about the fiduciary issues, as well as the fact that I still don\u2019t think participants do better with them in terms of financial growth.<\/p>\n
There was a recent survey done by Schwab where it implied that advisors should consider offering it to their clients in their plan. Schwab\u2019s \u201cSDBA Indicators Report\u201d found that while only 20% of participants in a brokerage window worked with an adviser as of the second quarter, their average balance of $448,515 was nearly twice as much as the $234,673 held by non-advised participants.<\/p>\n
I\u2019m sorry, but that doesn\u2019t make me jump out and suggest that plans offer the brokerage window. The survey doesn\u2019t suggest that participants do better with a brokerage window, it only says that participants with advisors working with them on these windows have larger account balances, that\u2019s it.<\/p>\n
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