OAKLAND, CA, June 11, 2009
/24-7PressRelease/ -- Entrust Administration Inc., the leader in custodial services for self-directed retirement accounts cautions consumers to do their due diligence before selecting a custodian for their self-directed IRA or retirement plan.
"While investors are trying to rescue their retirement funds, some product and service providers are misleading them and taking advantage of their lack of experience with self-directed retirement accounts" explains Consultant, Lisa Bromma "we are seeing that there are more and more companies out there are offering confusing or misleading information to this new investor base and taking advantage of these turbulent times and the investor's vulnerability."
Every informed investor should research and compare product and service providers before making a decision. For example, custodial services and the fees associated with opening and maintaining an account may vary from company to company. Although a custodian might waive the set up fee, there might be other fees associated with opening an account. Some custodians require that the investor set up an LLC in order to open an account. Some product and service providers try to make themselves appear to be custodians or administrators, but are merely selling a service or product, and wrapping the costs and fees of custody, recordkeeping and administration into their service or product offering. This obviously means you are paying for those fees in a product or service. Have you ever heard of anyone being able to provide "free" services? And from a practical perspective, who pays for the required custodial and record keeping fees? Someone has to pay the employees space, regulatory costs, and the light bill. The term "free" or "pay no custodial or record keeping fees" should provide you with an indicator of concern.
The good side of never having to pay IRA or custodial fees ever again, is that you could have recourse against not only the product or service provider, but the custodian as well if anything at all goes wrong with the product or service you were sold. The SEC, IRS and banking authorities have seen plenty go wrong, so that is part of your due diligence as well. If you are an informed investor and did some research you would know that setting up an LLC through a local attorney usually is more cost effective. Investors who have questions or need information on how to self-direct their retirement plans to invest in alternative assets should do their due diligence and be familiar with their investment choice or transaction.
As an Entrust client we want you to be fully informed. Entrust focuses and takes pride on educating investors to help them reach their financial goals. The Entrust Administration, Inc. website offers on demand educational webinars and complete information about self-direction as well as information on fees and how to get started.
Entrust will be hosting an Advanced IRA Investor Workshop on October 9th, 2009 in Orange County, California. For more information please visit http://www.entrustcalifornia.com.
About Entrust Administration, Inc.
Entrust Administration, Inc. is the premier provider of account administration services for self-directed retirement plans. For more than 28 years, Entrust has been an acknowledged authority in the field of self-directed retirement accounts. Entrust is committed to the classic American goal of financial independence, especially during retirement. As securing retirement becomes increasingly challenging, some investors want to learn about and take advantage of a wider range of investment opportunities to attain their goals. We are the leaders in self-directed plans, custodial services, and educational curriculum to build wealth with investments that clients know, understand and control. Entrust does not accept payment from investment or legal service providers who do not disclose Entrusts' fees to our mutual clients. No investment product provider may pay Entrust fees as this may violate state and federal securities laws.
For more information, contact:
Yvonne Garcia, Business Development Coordinator
800-392-9653 x 246
YGarcia@TheEntrustGroup.com.
http://www.TheEntrustGroup.com/oakland
http://www.entrustcalifornia.com
---
Press release service and press release distribution provided by http://www.24-7pressrelease.com# # #
- entrust, investment, investments, ira, irs, llc, plan, plans, retirement, sec, self-directed
Read more Press Releases from keli honsberger:Other Press Release Headlines:
