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. Table 1 below summarizes plans that several distributors have announced.
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. It is also unlikely, however, that a plan sponsor would not be subject to federal pension law's prudent fund selection and retention duties with respect to the mutual funds made available in such an 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.
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.
"If the portfolio is just an allocation of various passive ETFs, then it is cheaper to purchase through a self-directed account. This can be accomplished with relative ease for a fraction of robo-advisory fees," CGI argues.
"My main concern is whether or not on a self-directed account there will be a perpetual fiduciary relationship," said Rep.
The popularity of Index investing has added to the growth of this segment and the popularity of low-cost index funds and exchange-traded funds (ETFs), self-directed accounts, and phone advisors are attractive to gen-Xers and boomers.
PENSCO Trust Company, a wholly-owned subsidiary of Opus Bank ("Opus") (NASDAQ: OPB), is a leading alternative asset IRA custodian with $14 billion of assets under custody and nearly three decades of expertise providing custodian services for self-directed IRAs, qualified plans, and other self-directed accounts that are invested in alternative assets, including private equity, real estate, notes, cash, and other non-exchange traded assets.