Company founder Richard Desich realized early in his career that investing in real estate and other alternative investments in an IRA could be a valuable retirement savings tool.
Cleveland, OH (PRWEB) February 13, 2013
Equity Trust Company’s newest milestone illustrates the continued growth in popularity of an alternative investment strategy with retirement plans and the potentially big returns that result from it.
As a leader in self-directed IRA custody services, Equity Trust Company now holds $12 billion in retirement fund assets for more than 130,000 clients. This growth over the company’s nearly 40 years in existence reflects not only a jump in the number of clients and accounts held, but also of the growth achieved inside these accounts. Clients frequently share their success stories, eager to recount how they made double-digit returns by investing their IRAs in areas they’re already familiar with.
Company founder Richard Desich realized early in his career that investing in real estate and other alternative investments in an IRA could be a valuable retirement savings tool. He began Mid-Ohio Securities – which later transferred its self-directed IRA accounts to Equity Trust – in 1974 and the company’s first real estate investment in an IRA took place in 1984.
Nearly 40 years and $12 billion in client assets later, the idea of investors taking charge of their financial future continues to gather steam as discouraged investors seek an alternative to the uncontrollable tendencies of the stock market. As a result, the previously little-known self-directed IRA is gaining attention – and fans.
Equity Trust Company, now at the helm of Chief Executive Officer Jeff Desich, is a full-service custodial firm. Self-directed investors can save time and money by establishing the self-directed IRA and have the retirement funds custodied with the same company, which isn’t always the case with self-directed IRA providers.
The company has also been able to further expand its service lines to include brokers and advisors with fairly recent acquisitions of Texas-based Sterling Trust and Denver-based Equity Institutional Services.
The company is also on a never-ending mission to educate every American about the power of self-directing retirement funds. The company’s educational arm, Equity University, hosts webinars and travels the country for one-day seminars as well as an annual three-day Equity University networking Conference.
View this Equity Trust infographic for the full story on how Richard Desich’s company became what it is today.
About Equity Trust Company
Equity Trust Company, with its corporate headquarters in Greater Cleveland, Ohio and operations in Waco, Texas and Sioux Falls, South Dakota, is at the forefront of the self-directed retirement plan industry. The Company specializes in the custody of alternative assets in self-directed IRAs, Coverdell Education Accounts, Health Savings Accounts and qualified business retirement plans. Along with its affiliates, Equity Trust Company provides services to more than 130,000 individuals and businesses nationwide with approximately $12 billion in assets under custody. Since 1974, the company and its affiliates have helped investors make tax-free profits through education, innovation, and a commitment to understanding individual needs. Visit http://www.trustetc.com/ for more information.