Private asset managers have been tantalized for years about the $29 trillion in Americans’ retirement accounts. Donald Trump just made it easier for them to get a slice.

Changes under his executive order would not be immediate. Federal agencies would first need to rewrite rules and regulations to allow the expanded choices.

While the order itself doesn’t change current policy, it signals strong support from the White House for allowing more sophisticated — and riskier — investments into everyday Americans’ retirement accounts.