Products May 8, 2002
OPEN WINDOW – Diversified Lets Participants Choose Their Own Broker
August 29, 2000 (PLANSPONSOR.com) - Diversified
Investment Advisors will offer a self-directed brokerage
401(k) account option that will allow each plan participant
to pick their own broker.
Reported by editors@plansponsor.com
The offering, reportedly the first of its kind, will allow investors with existing brokers to retain that relationship.
Most 401(k) self-directed options require that all trades be handled through a predetermined broker selected by the provider or plan sponsor.
– Nevin Adams editors@plansponsor.com