Self-directed brokerage accounts.

For employees who want more options.

A self-directed brokerage account expands your retirement offering beyond a preselected investment lineup. It gives participants more flexibility to select the individual investments in their plan. The Schwab Personal Choice Retirement Account® (PCRA) is our self-directed account option, and it's designed to fit seamlessly into any plan you offer, can be rolled out digitally, and is backed by a dedicated team of self-directed-account specialists.

What makes PCRA different?

  • The next level of choice.

    PCRA is built with flexibility. Keep the choices wide open or restrict employees' access to specific trading types. You can offer choices across a range of asset classes, including stocks, bonds, mutual funds, and fixed income products.

  • Priced competitively.

    Employees can purchase thousands of no-load, no-transaction-fee mutual funds.1 All listed ETFs, stocks and base options on the U.S. exchanges are commission-free across all mobile, automated phone and web trading channels.2

  • Extensive resources for employees.

    Employees can learn more about the investment choices available to them by accessing independent third-party and proprietary research reports,3 advanced online screening tools, and market commentary from industry experts.

  • Backed by dedicated service and support.

    Employees can rely on the assistance of dedicated Schwab PCRA Registered Representatives who are familiar with the investments in their plan and can help them place trade orders. Since PCRA is a self-directed option, the representatives cannot provide investment recommendations.

Gain insight into employees' market perceptions and investment decisions through quarterly and yearly Schwab Self-Directed Brokerage Account Indicators Reports.