Self-directed brokerage accounts allow you to transfer a specified amount of your tax-qualified workplace retirement investment dollars—held in plans like 401(a)s, 401(b)s, 457(b)s, TSPs, 401(k)s, 403(b)s, and similar accounts—to an outside financial advisor for professional management. Studies show that professional management by a financial advisor can outperform unmanaged accounts by 3.32%, net of fees. For a 45-year-old participant, this could translate to 75% more wealth at age 65!
While not all tax-qualified workplace retirement plans allow self-directed brokerage accounts or professional management, a larger and larger percentage of them do. New technology has played a big part in this, as well as consumer demand for more control over retirement funds—and more investment choices than their plan offers.
Let’s talk and see if we can provide you with the benefits of comprehensive portfolio management. This new service is handled through our sister firm, Nautica Asset Management, a registered fiduciary advisory firm.
Contact us today!
