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I believe that when your employer established the SEP, there was a choice of 2 different IRS forms, one that allowed the employee to choose the vehicle for investment, and one that required all participants to be under the same brokerage. It may be that American Express chose for him, as part of the "price" of having them estblish the plan for him. Other fools may correct me, but I am fairly certain this is an issue that is elected at the time of establishing the accounts.

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