I want a self-directed IRA. Is Pensco, Sunwest Trust, or someone else the best custodian for this type of…?

May 7, 2010 dianne 4 comments

…account? I’m talking about the kind of self-directed IRA that lets you buy real estate, make loans, etc., not one at a stockbroker, discount or otherwise, or at a mutual fund company. Pensco and Sunwest Trust are the only two custodians I know of that will handle this type of account. Anyone had experience with either of these, or one of their competitors? Any info and suggestions would be welcome.

Thanks,
Houyhnhnm

self directed IRA custodians, loans, mutual fund company, pensco, Real Estate, self directed IRA, stockbroker, sunwest trust, welcome thanks

Comments

Written by oakhill about 4 months ago.

If you are planning on making all the investment decisions yourself, the only considerations would be which firms will allow what you want to do and what are their fees. Since you would not be get getting any advice from them, who you choose would not particularily matter in that regard.
Written by scow_sailor1692 about 4 months ago.

All I can suggest is to type in real estate IRA in a search engine and see what you get. When I looked into it about 2 years ago for tax lien certificates I recall I found more than 2 custodians but I thought the annual custodial fees from all of them were ridiculously high.
Written by GA about 4 months ago.

I have had a PENSCO account for over three years. I have been very please with their services. They have a lot of info on real estate investin, althoug I have not invested in properties. I have invested in privately offered stocks, I have an online brokerage account where I select the stocks. The only glitch I’ve run into is that I now would like to invest in gold, and PENSCO doesn’t have facilities to store gold for account holders. So if you are considering gold as part of your portfolio, you may want to look at someone like Gold Star Trust.

Hope this helps.
Written by Noonie about 4 months ago.

I have an account with Millennium Trust. They have flat fees vs. asset based fees like Pensco. If you don’t have much to invest, you may want to choose Pensco. If you anticipate that your assets will grow, I’d go with Millennium Trust. I have investments in a hedge fund and real estate and they’ve done a good job. I think Pensco is good for real estate too…. Good luck!

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I want a self-directed IRA. Is Pensco, Sunwest Trust, or someone else the best custodian for this type of…?

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