Charles Schwab's latest SDBA Indicators Report, released on November 13, 2024, revealed that the average account balance across all participant accounts in self-directed brokerage accounts (SDBAs) reached $347,437 for the third quarter of 2024.
This figure represents a 20.7% increase year-over-year and a 3.7% increase from the second quarter of 2024. SDBAs allow retirement plan participants to invest savings in individual stocks, bonds, ETFs, and mutual funds beyond their core plan offerings.
The report indicates that SDBA balances continued to rise due to strong market performance, alongside interest rate cuts, easing inflation, and a cooling labor market during the third quarter.
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