Self-Directed Portfolio

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Self-Directed Portfolio

An investment portfolio in which the account holder has a great deal of control over the investments made on the account. That is, the holder has the ability to make investments with the capital in the account because he/she has not delegated the power to an investment adviser.
References in periodicals archive ?
Canadian Western Trust Company (CWT), a wholly owned subsidiary of Canadian Western Bank (TSX: CWB) and a member of CWB Financial Group, has said that it will stop offering self-directed account services to holders of exempt market securities.
By April 2017, commission-based brokerage customers of these firms will be transitioned to either a fee-based account or a self-directed account.
It is unclear whether a plan sponsor has an obligation to monitor all of the investment vehicles in the very large universe made available in a self-directed account.
Another client, Jamie, applied a self-directed account to a Roth IRA he opened while finishing college.
In order for a self-directed account to qualify for IRA treatment, Sec.
Some plans calculate earnings using the rate of return for a money market account, rather than the rate of return for the participant's self-directed account when they make corrections to the plan for exceeding the maximum contribution and deferral limits.
If you're saving for your retirement in a self-directed account, be sure to keep the balance below $100,000 at any one institution.
But you will pay start-up fees and annual maintenance fees for a self-directed account at a brokerage firm, plus brokerage commissions on every transaction.
Giving Bank of America's Platinum Privileges customers who open a Merrill Edge self-directed account 30 commission-free online equity and ETF trades per month along with complimentary access to Merrill Edge MarketPro([TM]) is a great way to recognize and reward customers who do more business with Bank of America and Merrill Edge," said Alok Prasad, head of Merrill Edge.
The open-architecture program is run more like a managed account than a self-directed account, says David Poole, head of advisory and client services for Merrill Edge.
As more individuals are learning about the endless range of investment opportunities available with their IRAs and 401(k)s, Freedom Growth has focused their efforts on educating investors to the range of self-directed account options that are also available.
So most establish six or seven core funds, and then add a self-directed account to provide options for relatively sophisticated investors.