Abstract
Although the industry has been tracking overall growth and assets in self-directed brokerage accounts (SDBAs) for some time, there is currently very little data on the investing behaviors and attitudes of SDBA participants. Schwab Corporate Services began tracking statistics on SDBA users in January 2001. The result is the SDBA Indicators, an ongoing compilation of key investment statistics and demographics on approximately 60,000 retirement plan participants investing in Schwab’s SDBA, the Schwab Personal Choice Retirement Account (PCRA). Data in this article reflect activity for the first quarter of 2002 and show that participants continued to move money into more conservative investments, as they did in 2001. The data also indicate that participants are using SDBAs as retirement plan sponsors intended, to help create diversified portfolios for long-term investment.
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