ABA Retirement Funds Program has named TD Ameritrade as its new self-directed brokerage account (SDBA) services provider for a broad range of non-proprietary investment choices and independent third-party research and market analysis.
The SDBA is designed for experienced investors to help meet the need for independent and active management of their retirement portfolios including fixed income products, exchange traded funds (ETFs), mutual funds and individual stocks.
The solution allows the Program participants to trade by web, phone or through a broker as well as authorize an independent registered investment advisor to manage the SDBA account for them.
ABA Retirement Funds, a non-profit organization offers the retirement solution, created more than 45 years ago, to 3,700 law firms and their employees.
Ameritrade’s director of corporate services Gary Major said that SDBA provides access to investment options including 100 commission free-ETFs and over 13,000 mutual funds served by the ABA Retirement Funds Program.