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The 457 program also provides access to ShareBuilder, an online, self-directed brokerage account that allows investors to buy fractional shares of stocks and exchange-traded funds on a recurring basis through payroll deductions. He said improvements to the plan's features include a self-directed brokerage account, in addition to the core investment offerings, that allows participants access to more than 7,000 mutual funds. Charles Schwab Corporate Services' fourth quarter 2002 SDBA Indicators report found that participants in self-directed brokerage accounts (SDBAs) directed most investments into equity markets. |
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