Self-Directed Brokerage Accounts:A First Look at Participant Investment Behavior

Autor:	Mark Coffrini
Rok vydání:	2002
Předmět:	Actuarial science Demographics business.industry Investment behavior Accounting General Medicine Plan (drawing) Quarter (United States coin) Investment (macroeconomics) Personal choice Economics Tracking (education) business Corporate services
Zdroj:	Compensation & Benefits Review. 34:59-63
ISSN:	1552-3837 0886-3687
DOI:	10.1177/088636802237147
Popis:	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.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::a9e67b4f11245c46cff16d2a748a6031 https://doi.org/10.1177/088636802237147 Zobrazit plný text záznamu