You know it as a “self-directed option.”
A brokerage window is the term for when a 401(k) plan allows an employee to use the company’s broker to trade stocks, rather than being beholden to how The Man invests His money.
Related or Semi-related Video
Finance: What is a Floor Broker v. Floor...13 Views
Finance allah shmoop What is ah floor broker versus a
floor trader All right Well here's a floor fixer and
here's a floor broker but okay Shocking a floor broker
Brokers stocks on the floor of a stock exchange Right
Well here's the new york stock exchange here's its floor
These guys down here they're floor brokers That is they're
trading stocks and other securities on behalf of their clients
Basically this is the scene from trading places with eddie
murphy Great old film Old rich white guys in a
building up here Call down to their guys on the
floor who execute their bidding All right well it's a
bunch of brokers all trading their clients stocks right here
and here And here and here and here all over
the world within among each other So that money is
well pushed around thoroughly like that Cato's in grandma's hash
browns recipe Note that a floor broker is different from
a floor trader Who although he or she works on
the floor of an exchange also makes trades as a
principal for his or her own account So yeah that's
floor broker No jackhammer required Thank you very much Go
Up Next
What is a Broker-Dealer? A broker-dealer trades for both its own account and for the accounts of its clients. It acts as a broker when it buys and...
An omnibus account is an investment account in which a collection of investors have invested their capital to own a pro rata share of that cooperat...
A wrap account is an account that wraps into one annual fee all of the services you'd normally pay for a la carte at a given brokerage.
What is a Full-Service Broker? A full-service broker is an institution that operates as a broker-dealer. They are licensed to do just about anythin...