Self-Directed Brokerage Account
The Self-Directed Brokerage (SDB) Account is a brokerage option that offers you investment flexibility. Through the SDB, you will have access to most individual stocks and bonds, and more than 13,000 mutual funds, including 1,300 no-load, no-transaction-fee funds.* You must complete the online application form to set up a separate SDB account before you can trade. Contributions can be made directly to the SDBA.
In order to open an SDB account, you can print a Self Directed Brokerage (SDB) Account Agreement/Application from the Forms section of this website or you can call the State of Missouri Deferred Compensation Plan Information Line at 800-392-0925 to request one. Upon receipt of your completed application, TD Ameritrade will send you a welcome letter with your brokerage account number.
Once your account is open, you may make your initial transfer into the SDB through the Manage My Account section of the website by selecting Transfers or by calling the State of Missouri Deferred Compensation Plan Information Line at 800-392-0925.
Once the money is in your brokerage account, you can then invest in the more than 13,000 mutual funds available. You may do this by calling the State of Missouri Deferred Compensation Plan Information Line or by calling TD Ameritrade directly at 1-866-548-5595, Monday – Friday, 8:30 a.m. to 6:30 p.m. (except New York Stock Exchange holidays). You must maintain a minimum balance of $500 in the Deferred Compensation Plan and may transfer any remaining Plan account balance into the SDB. You can also direct up to 90% of your investment elections to the SDB. There is no annual fee to participate in the SDB, however, transaction fees may still apply. All fees are outlined in the TD Ameritrade Fees/Charges document.
* A short-term redemption fee of $49.99 applies to no-load, no-transaction fee mutual funds for shares held 90 days or less.
Brokerage services are provided by TD Ameritrade, Inc. a registered broker-dealer and member of FINRA/SIPC/ NFA. ICMA-RC and TD Ameritrade are separate, unaffiliated companies and not responsible for each other’s services or policies. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and the Toronto-Dominion Bank. Used with permission.
*The above fees include operating expenses and investment management and administrative fees and may be subject to change.