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.