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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.

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