self-directed IRA

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Self-directed IRA

An IRA that the account holder can after appointing a custodian manager to carry out investment instructions.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Self-Directed IRA

An IRA in which the account holder has a great deal of control over the investments made on the account. That is, either the account holder or a designated representative has the ability to make investments with the contributions made to the account. Generally speaking, a self-directed IRA exists through a brokerage, which makes investments on behalf of the account holder. The brokerage may charge an annual fee for managing a self-directed IRA in addition to the commissions it charges on the individual trades.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

self-directed IRA

An individual retirement account that permits its owner to have wide latitude as to types of assets and control over the investments within the account. A self-directed IRA generally refers to IRAs established at brokerage firms in which customers may buy and sell securities. Brokerage firms frequently charge an annual fee of up to $50 in addition to commissions on any trades in an account.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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In contrast this transaction would not have been allowed by many self-directed IRA custodians not wanting to deal with investments beyond our borders as expressed in corporate policies.
According to the SEC, Equity Trust representatives also participated at events hosted by Taylor and Poulson, where they encouraged attendees to transfer their retirement savings from traditional IRAs to self-directed IRAs at Equity Trust so they could invest in the Taylor or Poulson offerings.
Guidant Financial facilitated more than USD1.45bn (EUR1.07bn) in assets in over 9,000 self-directed IRA accounts, according to the trust.
NASAA's recently released enforcement survey reflecting data for 2013, which tracked for the first time fraud related to third-party custodians of self-directed IRAs, found that securities regulators opened 92 investigations and initiated 13 formal enforcement actions involving third-party custodians of self-directed IRAs last year.
"Investors should be on guard against efforts to steer them towards self-directed IRAs," said William Galvin, secretary of the Commonwealth of Massachusetts' securities division, in a press release.
With investors looking for innovative ways to safeguard their nest egg and generate a return on investment, real estate has become a fast growing asset class for self-directed IRA holders.
The current economic and investing conditions make it a perfect time to look to self-directed IRA's as the investment vehicle of choice.
Investors can't just use the money from a 401(k) that are with an employer, but if investors have recently left a job or changed jobs, they may be able to roll that money over into a self-directed IRA where the investor can control what they invest in.
Brandon has been with Midland IRA & 1031 for 15 years and been instrumental in the firm's growth from a two-person accounting firm on Sanibel Island to a national custodian administering more than $2 billion in self-directed IRA assets.
Members and guests are invited to a night of networking, followed by a panel discussion about Investing in Real Estate in a Self-Directed IRA led by Bill Neville of The Entrust Group and Michelle Moore Brady of Equity Trust.
In 2015, PENSCO launched Alt-Nav, which enables investors and/or their advisors to provide information to open a self-directed IRA account, fund the new account, and initiate an alternative asset investment, all online.
Santillo allegedly acted as an unregistered investment adviser, suggesting investors who were unprepared to manage their own assets liquidate their investments held with another adviser and surrender their annuities, transferring funds to a self-directed IRA custodian.