Adviser Managed Workplace Account

Why not see if I can professionally manage—and actually make the choices for—the investments in your workplace plan?

For many years, the investment options offered in company-sponsored retirement plans were limited to a pre-selected list of mutual funds and annuity contracts. However, thousands of employers now offer a brokerage window, allowing participants to have more choice and greater flexibility. This option, known as a Self-Directed Brokerage Account (SDBA), can exist in 401(k), 403(b), or 457 plans and may provide access to mutual funds, ETFs, stocks, and bonds.

What does an SDBA offer?

Brokerage accounts expand the range of choices beyond the core plan lineup—and can be professionally managed.

How It Works

An SDBA opens access to a much broader investment universe (often thousands of mutual funds; sometimes ETFs, stocks, and bonds). When retirement savings are moved into the SDBA, they’re invested outside the core menu—allowing for a more tailored, risk-aware allocation.

Greater Flexibility

If you’re unimpressed with your plan’s default choices, check whether a self-directed option is available. Some plans provide a “mutual fund window” with thousands of funds; others allow a broader “brokerage window” that may include ETFs and individual securities. The point is more choice for investors who want a more hands-on, professionally managed approach.

Which plan administrators are more likely to offer an SDBA?

Don’t have a brokerage window? Visit our Plan Confidence® page to get professional advice for your plan (less than $1/day).