Products December 2, 2001

UBOC Offers New Self-Directed Brokerage Option

February 12, 2001 (PLANSPONSOR.com) - Union Bank of California has launched a truly self-directed brokerage account for 401(k) participants, allowing them to choose their own broker, as well as stocks, bonds and mutual funds.
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The SELECTBENEFIT Individually Directed Account offers trading in publicly traded stocks, bonds and mutual funds.  The service offers access to account balances via:

  • the Internet
  • Voice Response Unit (VRU)
  • Call center

UBOC also offers on-site employee education as part of the program.

San Francisco-based UBOC’s institutional services trust division has more than $138 billion in assets servicing the 401(k), employee benefit trusts, custody, corporate trust and investment management markets.

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