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The Self-Directed Brokerage Conundrum

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The 401k Study Group

The 401k Study Group


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In August 2014 the DOL published an RFI pertaining to Self-Directed Brokerage accounts within participant directed 401(k) plans. This session will review any DOL updates as well as review the fiduciary considerations in offering a brokerage window. What are the fiduciary roles and responsibilities of offering brokerage windows and how can plan advisors help their clients with this decision.

Mr. Lee Topley, AIFA® Managing Director of the Unified Trust, NA Retirement Plan Consulting Group will join us today to help us better understand the fiduciary requirements of offering a self-directed brokerage option.  Lee will also chat with me about how an Advisor can help their Plan Sponsor Clients meet their fiduciary obligations if they are considering or already offer these options.

The information presented is the opinion of the presenter, is not intended to be legal or financial advice, and should not be relied upon for those purposes.