{"id":6836,"date":"2023-06-30T07:23:10","date_gmt":"2023-06-30T11:23:10","guid":{"rendered":"http:\/\/therosenbaumlawfirm.com\/blog\/?p=6836"},"modified":"2023-06-30T07:23:10","modified_gmt":"2023-06-30T11:23:10","slug":"schwab-shows-gain-in-self-directed-brokerage-accounts","status":"publish","type":"post","link":"https:\/\/therosenbaumlawfirm.com\/blog\/?p=6836","title":{"rendered":"Schwab shows gain in self directed brokerage accounts"},"content":{"rendered":"<p>You know I\u2019m not in favor of self-directed brokerage accounts (SDBAs), but they are still a thing.<\/p>\n<p>Average account balances among plan participants with SDBAs with Charles Schwab increased 6.6% to $298,543 during the first quarter of 2023 compared to the 4th quarter of 2022. That\u2019s still down by 10.08% compared to $332,017 a year ago for<\/p>\n<p>Advised accounts held higher average account balances compared to non-advised accounts, $478,263 vs. $254,874. Gen X had the most advised accounts (51%), followed by Boomers (29%) and Millennials (17%).<\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>You know I\u2019m not in favor of self-directed brokerage accounts (SDBAs), but they are still a thing. Average account balances among plan participants with SDBAs with Charles Schwab increased 6.6% to $298,543 during the first quarter of 2023 compared to &hellip; <a href=\"https:\/\/therosenbaumlawfirm.com\/blog\/?p=6836\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n<p><span class='st_sharethis' st_title='{title}' st_url='{url}' displayText='ShareThis'><\/span><\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6836"}],"collection":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6836"}],"version-history":[{"count":1,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6836\/revisions"}],"predecessor-version":[{"id":6837,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/6836\/revisions\/6837"}],"wp:attachment":[{"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/therosenbaumlawfirm.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}