Louisville, CO (PRWEB) February 28, 2011
Bill Humphrey, principal with Entrust New Direction IRA, Inc, said, "We don't know for sure why these traditionally securities-based companies appear to be getting out of alternative investments. Maybe the ponzi scheme stuff, maybe because they think more regulations will come down from the IRS, or maybe just because they don't have the expertise for alternative investments and self-directed IRAs. That's why we always tell our clients, 'Invest In What You Know.' If Chuck Schwab asked me, I'd say the same thing - focus on what you know - which for them, I guess, is securities."
Whatever the reason, it's good news for Humphrey and his company, who have years of experience with a variety of alternative investments in self-directed IRA and other plans. http://newdirectionira.com/self-directed-ira-investment-options/
Humphrey said, "Don't get the wrong idea, though - we like Charles Schwab the same as every other company we work with - no more and no less. We'd be perfectly happy if investors transferred their private placement or private stock to us and keep their public stock with Chuck. We won't tell anyone what to do or not do."
Lately, Humphrey reports that the company has had quite a number of individuals call with the same issue. Retirement plans are getting dumped from IRA custodians ranging from large organizations such as Charles Schwab to small local bank trust departments. Unfortunately, according to Humphrey, the resigning custodian generally doesn't provide much assistance with helping find a new custodian.
One new client of Entrust New Direction is a registered investment adviser (RIA), who explained, “One of my clients wanted to invest in a start-up company in his IRA. We worked with a big financial services company for his securities, and he didn't want to open another IRA with a self-directed IRA company, so they let him invest in this so-called alternative asset. Now since they decided not to hold these Alternative investments, I found that Entrust New Direction can do it. They are much more knowledgeable about the reporting required for the investment. I am helping my client set up a new Self Directed IRA with New Direction IRA.”
Entrust New Direction specializes in providing just those services, plus education on how the plans work. Entrust New Direction provides live classes in their Louisville, Colorado learning center, continuing education classes through the University of Denver School of Law, and at other sites around the country, plus we offer many classes via the internet.
Humphrey added, "So if you find yourself suddenly lacking in Alternative Investment Custody Services, as Chuck would say, call us."
About Entrust New Direction IRA, Inc.: Entrust New Direction (http://newdirectionira.com/), part of the Entrust Group, is a self-directed retirement plan services firm, providing self-directed plans since 1981 and educating the general public about self-directing funds into non-traditional investments such as real estate, gold, private placements, LLCs and others. Entrust New Direction IRA offers both tax-deferred and tax-free self-directed plans to help clients achieve their investment goals. Besides retirement plans, the company also offers self-directed plans to save for children's education, health savings and more. The firm has also made client education a top priority through classes, articles, and presentations.