Self-Directed Brokerage Account

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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.*

View the Self-Directed Brokerage Account Fact Sheet

Online Enrollment

  1. Log on to Account Access in the right sidebar.
  2. Choose the Investments tab.
  3. Click on Brokerage in the left menu.
  4. Click on the Open a Brokerage Account button on that page.
  5. Follow the instructions provided (enrollment typically takes less than five minutes to complete).

Paper Enrollment

Contact TD Ameritrade at 866-766-4015 to request the self-directed brokerage account enrollment packet by mail.

Managing Your Account

Once your account is open, you may make your initial transfer into the SDB through the Manage Funds section of the website 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 1-866-766-4015 , 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 State of Missouri 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.

IMPORTANT: Missouri Target Date Fund Frequent Trading Policy

The Plan’s Frequent Trading Policy defines frequent trading as “a buy followed by a sell, three times in the same fund during a 90 calendar day period, or as a buy followed by a sell, 10 times in the same fund within a 365 calendar day period.” The buy and sell do not have to be consecutive and only investor-initiated fund transfers are considered in this process. The Plan's record keeper, ICMA-RC, monitors buys and sells across all accounts and all funds that it record keeps, and if frequent trading is detected in a fund(s), they will impose a temporary restriction(s) on transfers into that fund(s) for a period of 180 days. Should frequent trading activity continue, ICMA-RC reserves the right to impose a permanent restriction(s) on transfers into the fund(s) it is detected in. Restrictions only apply to buys, and sells are never blocked.

*The above fees include operating expenses and investment management and administrative fees and may be subject to change.