Ameritrade announced that BISYS would support the Ameritrade Retirement Account, a self-directed brokerage service offered to retirement plan participants.
According to Ameritrade, its SDBA offering:
- allows paperless account opening
- features an online trading window tailored to support 401(k) permitted investments
- will be integrated with BISYS’ recordkeeping system.
Ameritrade said clients can manage their retirement investments online via the Web, through an interactive voice response telephone system, or through a broker.