(Photo: Shutterstock)

The average account balance for self-directed brokerage accounts (SDBAs) closed down 20.6% year over year at the end of 2022 at $280,099, although that was up 2.45% from the third quarter of 2022, according to Charles Schwab’s SDBA Indicators Report. Schwab indicated year-over-year returns remained negative for the fourth consecutive quarter, consistent with the market overall.

“There weren’t any big surprises in last quarter’s findings, and participants were happy to see an increase in their SDBA balances from Q3 2022, reflecting somewhat of a reprieve for savers after a difficult year in the markets,” said Robert Jesch, product director, Schwab Retirement Business Services. “It was also encouraging to see that participants held asset allocations steady in a sign of continued resilience. We typically find that SDBA trends tend to reflect the larger market environment, and we continued to see that in Q4 2022.”

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.