Self Directed IRA Companies

Self Directed IRA Companies

Setting up your Self Directed IRA

When working with a third party to set up your SDIRA, you should be aware of the difference between the types of companies you can use to facilitate the administration of your SDIRA. Why do these differences matter? With no oversight or audit to worry about, administrators and facilitators can afford to be (and often are) much more liberal in terms of accepting assets. This leaves investors open to a lot of potential issues – for example, unknowingly engaging in a prohibited transaction that’s later caught by the IRS – with expensive repercussions. According to the Watson CPA Group, IRA prohibited transactions are where most investors make their mistakes. And since many of these companies align themselves with asset sponsors, their priority is to sell you something that they’ll make money on, rather than help facilitate the investment strategy that’s right for you.

If you are looking for expert tax & legal advice in setting up your investments, we highly recommend Mark Kohler who provides excellent, knowledgeable services. Check out his Tax & Legal Library here.

Here is a basic breakdown of the differences:

IRA custodians are regulated entities – things like trust companies, banks and broker dealers – that are authorized by the IRS to act as IRA custodians. Since custodians are directly approved by the IRS, they are the only entity in this group that’s allowed to physically hold assets. IRA custodians typically offer the most comprehensive IRA services in terms of helping clients set up accounts, make investments and maintain paperwork related to the investments (which, when it comes to alternative assets, is no small feat). And more importantly, these custodians are subject to regulatory oversight at the federal and state level, so there’s a level of compliance that’s not there with the other entities.

IRA administrators and facilitators, on the other hand, work under a different set of IRA rules. They are not able to custody assets and are not approved or overseen by the IRS or banking regulators. So what exactly do they do? Both essentially act as intermediaries between the investor and a partner custodian. Administrators, as the name suggests, process paperwork and provide other administrative functions, while facilitators most often specialize in helping investors set up single member LLCs and C Corporation IRAs.

Here is an excellent overview on how “checkbook control” IRAs and Solo 401K’s work. 

To learn more about investing in real estate through a Self Directed IRA, contact one of these companies:

Custodians Administrators IRA LLC Facilitators Solo 401K Facilitator
PENSCO Trust Company
Equity Institutional
Horizon Trust Company
Kingdom Trust
IRA Services Trust Company
Preferred Trust Company
Millennium Trust Company
Sunwest Trust Company
Self-Directed IRA Services, Inc.
Provident Group
Nexus Direct IRA
New Direction IRA
MidAtlantic IRA
Mountain West IRA
Midland IRA
IRA Innovations
NuView IRA
Next Generation Trust Services
AdvantaIRA Trust
Security Trust Company
Vantage Retirement Plans, LLC
American IRA, LLC
IRA Checkbook
RealTrust IRA
uDirect IRA Services
My Retirement Account Services
Guidant Financial Group
Safeguard Financial
Asset Exchange Strategies
Safe IRA Investments
IRA Checkbook
Capital Resource, LLC
Broad Financial
IRA Finacial Group
Amicus Law Group
New Standard IRA
KKOS Lawyers
Sense Financial Services, LLC
Your Entity Solution
Newman Asset Management
Nabers Group
Self-Directed Retirement Solutions
IRAvest, Inc.
IRA Advantage, LLC
Nabers Group
Safeguard Financial
IRA Checkbook
Capital Resource, LLC
Broad Financial
Sense Financial Services, LLC
IRA Financial Group
Discount Solo 401k
Self-Directed Retirement Solutions


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