Midland IRA Exceeds 2 Billion Dollars in Assets Under Administration
A milestone was celebrated last month at Midland Trust Company and Midland IRA (Midland). For the first time in company history, Midland exceeded $2B in client assets under administration.
FORT MYERS, Fla., June 10, 2019 /PRNewswire-PRWeb/ -- A milestone was celebrated last month at Midland Trust Company and Midland IRA (Midland). For the first time in company history, Midland exceeded $2B in client assets under administration. Midland accepted their first account in June of 2002. That account held a single family home that was rented and held for investment. Since that time Midland has continued to grow while following its company mission to be the "Most Responsive IRA Custodian in our Industry."
While Midland has reached a great milestone, their clients are the ones with interesting stories. They buy apartment buildings; they buy private stocks in local banks or in small start-ups; they also invest in futures, hedge funds, private LLCs and other investment opportunities all using retirement funds.
What happens when individuals use Midland IRA as the IRA administrator for their retirement funds? The client is able to have complete control and is able to self-direct their retirement assets. Midland clients are creative, independent-minded people and they invest in what they know.
"None of this would be possible without the team of 60+ professionals at Midland. Spreading the word on self-direction to the tune of two billion dollars being funneled into the economy in interesting and creative ways is powerful stuff. Midland and its clients together have a great story. In fact, a 2 billion dollar story!" says Dave Owens, President and CEO of Midland.
Since the company was founded in 2002, it has grown from 2 employees with $40,000,000 assets under administration to more than 60 employees with $2B in client assets. The company looks forward to the future and continued growth.
About Midland IRA
The Midland umbrella of companies is a leading custodial services provider focused on self-directed IRA accounts, 1031 exchanges, and private fund custody services. In business since 1994, Midland is focused on providing clients with as many opportunities as possible to defer or eliminate taxes. With thousands of satisfied clients and Billions of dollars in assets under administration, Midland possesses the experience and knowledge to assist clients with their financial goals.
SOURCE Midland IRA
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