Giving Investors More Solutions to Build Wealth in Self-directed IRAs
In light of the uncertainty in the stock market, savvy investors are driven to find alternatives to traditional investments and their financial advisors are eagerly seeking custodians to hold their clients’ outside-the-box investments. Self-directed IRAs are becoming increasingly popular choices for select, experienced investors who want to take control of their financial future.
“Self-directed IRAs offer almost unlimited flexibility,” explains Kelli Click, president of Self Directed IRA Services, Inc., a leading custodian of alternative and traditional investments in self-directed IRAs.
“Investors and advisors are looking to alternative investments as a way to rebuild wealth in retirement portfolios. With a self-directed IRA, one can invest in assets not typically available through brokers and banks, including real estate, precious metals, private equity or debt, venture capital, start-up companies, promissory notes, mortgages, trust deeds and more. You don’t have to settle for ordinary investments like stocks, bonds, mutual funds, and ETFs.”
Horizon Bank launched Self Directed IRA Services, Inc. in 2008 to meet the growing need for third-party custodial services. The company grew from $50M under administration to $320M in less than three years. With two offices in Austin and Waco, the company has 15 employees who serve individuals and their financial advisors, attorneys, accountants and other professionals throughout the U.S.
Self-directed IRAs are often opened by independent-minded individuals who either have IRA savings to transfer or have a 401(k) or other retirement plan to rollover when they leave their job or retire. Clients are using the IRA to seize opportunities to acquire residential or commercial property, buy private bank stock, provide venture capital funding to a start-up, finance the capital needs of an existing business, purchase precious metals, invest in oil, gas and alternative energy, or nearly any investment opportunity imaginable.
Among the different companies offering self-directed IRAs in the marketplace, one feature that sets Self Directed IRA Services, Inc. apart is that it’s regulated by federal and state banking authorities. “Opening a self-directed IRA directly with an IRA custodian provides distinct safeguards compared to working with an administrator or other middleman. As a regulated entity, we tend to be more conservative when it comes to the types of assets we’ll hold,” says Click. “With more self-directed IRA transactions coming under scrutiny of the IRS and the recent media attention focused on investment fraud in self directed IRAs, it’s important for investors to understand the risks involved before they invest.”
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Self Directed IRA Services, Inc. acts only as a passive IRA custodian and does not sell or promote investment products or provide tax, legal or investment advice.
Investment products: Not FDIC insured. No bank guarantee. May lose value.