Louisville, CO (PRWEB) October 24, 2012
New Direction IRA has strengthened its support of and commitment to precious metals investors with the formation of its new Precious Metals Asset Team (PMAT), part of New Direction IRAs larger Asset Acquisition department. The new team includes specialists in precious metals assets, IRA accounting and business-to-business relationships, and benefits clients by streamlining the metals acquisition process.
When an IRA holder chooses to acquire physical precious metals in their retirement account, there are two vendors they must select. The first is a dealer or broker from whom the IRA will purchase the gold, silver, platinum or palladium. The second is a depository where the metals will be securely held in the name of their IRA. There are dealers and depositories all over the U.S. and the world, and each has their own business practices, pricing structures and paperwork. Furthermore, due to the volatility of precious metals prices, purchases generally must be completed in a timely manner. Assembling a team comprised of expert staff dedicated to facilitating metals acquisition affords New Direction IRA the agility to serve their clients promptly no matter who they choose to work with. Similarly, dealers and depositories have a central point of contact at New Direction IRA. PMAT works with these businesses to accommodate their operational needs, while still satisfying the IRS requirements for documenting assets in an IRA.
“Over the last few years, more and more investors have been taking advantage of an IRA’s ability to hold physical precious metals as an asset. Unlike many IRA providers, New Direction will work with any dealer and depository our client chooses and that meets IRS requirements,” said Catherine Wynne, co-founder and president of New Direction IRA. “Clearly this entails working with a number of different business models and processes. PMAT was formed so that New Direction can continue to accommodate the variety of vendors that our clients choose.”
About New Direction IRA
New Direction IRA is a trusted provider of investor education and recordkeeping services for self-directed IRA and precious metals IRA holders. Since its inception in 2003, New Direction IRA has been at the forefront of the self-directed retirement investment market. The company enables individual investors to take control of and diversify their tax-advantaged retirement funds using alternative asset opportunities such as real estate, precious metals, LLCs, notes and lending, and more. Headquartered in Louisville, Colo., New Direction IRA administers more than $570M in assets on behalf of over 7,000 account holders. Visit the website at http://www.newdirectionira.com.