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Can CCM MANAGE a Schwab Personal Choice Retirement Account (PCRA)?

In many cases, the answer is yes.  You can check with your plan administrator or call Schwab and ask them if a 3rd-party manager can be added to your PCRA account via a LPOA.

PCRA Managers

If your company offers a PCRA option on your 401(k), Ciovacco Capital Management may be able to provide discretionary management of the PCRA using the CCM Market Model. Some company retirement plans allow for third-party guidance from a PCRA advisor or PCRA financial advisor.

Schwab Personal Choice Retirement Accounts (PCRA)

A Schwab Personal Choice Retirement Account (PCRA) is a self-directed brokerage account (SDBA) that resides within your employer-sponsored retirement plan. In addition to the choices typically offered by retirement plans, PCRA lets you invest in a much wider range of investments. Schwab is restricted from providing advice on PCRAs; however, your retirement plan may allow you to appoint an independent advisor.

Schwab Advisor Services is a leading provider of custodial, operational and trading support for independent investment advisors. Using Schwab as primary custodian, Ciovacco Capital Management, LLC has access to a wide range of products and support to help investors reach their financial goals, including:

  • Full range of investment strategies and trading services
  • Wealth management services
  • Technology and service support
  • Safeguards designed to protect assets
  • Strict ethical business practices

PCRA Advisor For Self-Directed Brokerage Account

In a hypothetical example, if you worked for Company ABC and ABC offered a Schwab PCRA option on your 401(k), it may be possible for you to add a third-party investment advisor to manage your Personal Choice Retirement Account (PCRA). Examples of companies that may be offering PCRAs to their employees:

Self-Directed 401(k) Financial Advisors / Managers

Many companies are offering self-directed brokerage options to their employees in 401(k)s and deferred compensation plans. Many of these plans allow for working with a third-party and independent money manager or financial advisor, such as Ciovacco Capital Management.

 

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