The average account balance for self-directed brokerage accounts (SDBAs) closed down 20.6% year over year at the end of 2022 at $280,099, although that was up 2.45% from the third quarter of 2022, according to Charles Schwab's SDBA Indicators Report. Schwab indicated year-over-year returns remained negative for the fourth consecutive quarter, consistent with the market overall.
"There weren't any big surprises in last quarter's findings, and participants were happy to see an increase in their SDBA balances from Q3 2022, reflecting somewhat of a reprieve for savers after a difficult year in the markets," said Robert Jesch, product director, Schwab Retirement Business Services. "It was also encouraging to see that participants held asset allocations steady in a sign of continued resilience. We typically find that SDBA trends tend to reflect the larger market environment, and we continued to see that in Q4 2022."
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