The average account balances in self-directed brokerage accounts within retirement plans such as 401(k)s held at Charles Schwab & Co. grew by 19% in 2019, to $294,105.
Asset allocation in those accounts remained largely the same over last year, according to a recent company report, with participants holding the largest portion of their assets in the form of mutual funds (37%), followed by equities (29%), exchange-traded funds (19%), cash (12%) and fixed income (3%).
Information technology dominated equity sector holdings (27%), with Apple continuing as the top overall equity holding, at 11%. The other equity holdings in the top five include Amazon (5.5%), Microsoft (2.6%), Berkshire Hathaway (2.4%) and Facebook (1.6%).
Short sellers previously said the company was under investigation, though Roblox denied allegations.
The Consumer Financial Protection Bureau is in the crosshairs of the Republican group that is widely attempting to dismantle government agencies.
National Securities Corp. sued the advisor in 2020, alleging breach of contract and unjust enrichment.
Recent data support a measured pace by the Federal Reserve for the year ahead.
Financial advisors are still adding alternatives despite the surge in publicly traded stock prices
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