Participants have the option of managing the SDBA themselves or authorizing a third-party financial professional to assist in managing their account.  Participants also have the option to retain private client wealth management services of FPLCM. Visit our Private Client Services page for additional details.

Participants can establish a Self-Directed Brokerage Account at Schwab through their PCRA platform.  Plan can access additional custodians if the plan was “unbundled”.  Currently, the plans is “bundled”, and the only custodian option is Schwab PCRA.

All features of Standard SDBA plus the ability to invest in Private Funds.  Private Funds offered will be a short list of funds that have been carefully selected to be made available to SDBAs.  Participants will be limited to 4 private funds and 4 private fund trades per year.  Additional trades will be subject to additional fees.

$1,000 annual fee + a one-time setup fee of $500.

This is essentially the same as FPLCM’s managed account services.  If you choose this option, it allows you to add other types of accounts (Traditional IRAs, Roth IRAs, Taxable Accounts, etc.) to our platform to be managed.

Discounted annual fee is 0.50% (normally 0.70%) of assets under management with a maximum annual fee.  Maximum annual fee is based on the level of service selected.

This is the basic self-managed SDBA where participants can invest in the full universe of mutual funds, ETFs, stocks, and bonds available at the SDBA custodian – Schwab PCRA.

$150 annual fee + a one-time setup fee of $250.