Self-Directed Portfolio

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.
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t] are the average equally weighted returns for the advised and self-directed portfolio in month t, respectively, as calculated in Equations (2a), (2b), (3a), and (3b) (see Section IIB).
Panel A reports the raw and risk-adjusted gross and net returns differences of a portfolio that is long on the aggregate equally weighted advised portfolio and short on the aggregate equally weighted self-directed portfolio.
Their asset mix consists of less than 50% equity, whereas self-directed portfolios allocate almost 70% to this asset class.
The results in Panel A of Table III indicate that, although the average aggregated portfolios of advised investors are associated with lower returns than the average self-directed portfolios in terms of raw returns, none of the return differences are significantly different from zero.
Table I already reported that risk in advised portfolios is lower than that in self-directed portfolios.
However, this trend is even more evident among self-directed portfolios (Columns 4 and 5, Table VI).
These asset classes represent 87% and 89% of advised and self-directed portfolios, respectively.
OLI), a financial services holding company, today launched a one-of-a-kind investment vehicle that enables long-term investors to build a self-directed portfolio of largely blue-chip stocks through the purchase of fractional shares via the Internet.
We are currently evaluating potential strategic partners to serve as a custodian of hedge fund interests, so that we can provide our investors with a self-directed portfolio that will result in access to more funds, added liquidity, leverage for their portfolio, and better reporting.