Roseland, NJ (PRWEB) January 30, 2014
Next Generation Trust Services, a leading third-party administrator of self-directed retirement plans, has formed a strategic alliance with Venovate, a marketplace for alternative investments, to offer “crowdfinancing” or crowdfunding opportunities to owners of self-directed IRAs. Venovate Marketplace™ is an online platform that provides accredited investors access to private equity and venture capital investment opportunities in early-stage companies as well as other alternative investments.
“Self-directed retirement plans allow savvy investors to build their retirement wealth through both traditional and nontraditional assets, such as the private placements that will be listed on Venovate Marketplace,” said Jaime Raskulinecz, CEO of Next Generation. “Our clients who are accredited investors, and who are seeking equity funding opportunities, will have the latest offerings available to them through Venovate as they diversify their portfolios.” Venovate will also list other alternative assets that are the mainstay of so many self-directed retirement plans; these include natural resources, real estate, precious metals, mortgages, and much more.
Next Generation Trust Services specializes in full account administration and transaction support of self-directed IRAs, which allow for a broad array of both traditional and nontraditional investments. Self-directed plans offer the same tax advantages of regular retirement accounts; many savvy investors and investment advisors choose to self-direct their retirement plans because they may include many non-publicly traded alternative assets and build a more eclectic portfolio.
The 2012 JOBS Act has removed restrictions on the advertising of private placement securities to accredited investors. Accredited investors are individuals with an investable net worth in excess of $1 million or annual income greater than $200,000 ($300,000 for couples). Many account holders of self-directed retirement plans are accredited investors. In September 2013, Title II of the JOBS Act was enacted, which allows startup companies to advertise their capital needs via platforms such as Venovate. In addition to offering a full range of alternative investment options, Venovate provides the data and information investors need to do their research and make informed investment decisions.
“Crowdfinancing for equity investors brings the techniques pioneered by donation-based crowdfunding sites, like Indiegogo, to the world of investing,” said Michael Raneri, Venovate’s CEO. “Venovate Marketplace is designed to make investing in private placements as easy as online stock trading.”
Next Generation provides full account administration and its cross-trained staff is available to answer questions about self-direction; however, the company does not advise its clients on any specific investments or investment strategies. “We do not offer investment advice, so it is critical that our clients perform due diligence on all of their self-directed investments,” said Raskulinecz. “Having everything available in one convenient online platform will make it much easier for them to do the research on the various assets they’re interested in.”
For more information about self-direction as a retirement strategy, or to open a new self-directed IRA, go to http://NextGenerationTrust.com, email Info(at)NextGenerationTrust(dot)com, or call (888) 857-8058. For details on Venovate Holdings and its FINRA-registered subsidiaries, visit welcome.venovate.com.
About Next Generation Trust Services
Founded in 2004 by CEO Jaime Raskulinecz, Next Generation Trust Services provides comprehensive account administration and transaction support to individuals interested in self-directing their retirement portfolios. Its experienced, knowledgeable professionals never endorse, recommend, or sell any investment product, nor do they give investment advice. Next Generation’s role is to ensure its clients are investing safely and securely in accordance with all IRS regulations and to guide clients through their self-directed transactions. Next Generation Trust Services is a member of the Association of Independent Trust Companies, Inc. (AITCO). The firm serves clients globally via its website, http://www.NextGenerationTrust.com. For more information on self-directing a retirement plan, call 973-533-1880, 888-857-8058 (toll free), or e-mail Info(at)NextGenerationTrust(dot)com.
About Venovate Holdings, Inc.
Venovate Holdings is the parent company of Venovate Marketplace, Inc., a FINRA broker-dealer and SEC registered Alternative Trading System, which provides smarter investment alternatives to institutions, accredited investors, and their advisors via an online experience. Venovate Holdings provides self-directed, accredited investors with investment opportunities through its FINRA-registered subsidiaries, and does not make recommendations or offer investment, financial, legal or tax advice. Venovate Marketplace, Inc. is a member of FINRA and SIPC and an SEC Registered Alternative Trading System.