Madison Trust Company is a self-directed IRA custodian that offers a wide array of investment options. This is a big advantage for investors who want to diversify their assets.
They have an extensive list of alternatives that include precious metals, real estate, private placements, and promissory notes. They also offer document custody and checkbook control services.
A Self-Directed IRA, or SDIRA, gives investors the same tax benefits as those offered by a broker-dealer, but with more investment options. These accounts let investors invest in alternative assets, such as real estate and private equity, which offer diversification and additional protection from a volatile stock market.
However, these investments can be illiquid and difficult to value. This can make it harder for you to sell them when the time comes.
Thankfully, madison trust company inc offers one of the least expensive fees among its competitors. The flat model only costs USD 100 quarterly, or about USD 400 annually, whether you have an account worth USD 250,000 or USD 400,000.
In addition to its low fee, Madison Trust also offers great after-sales support and CISP-trained employees. The company has over 1,500 testimonies from satisfied clients and almost full marks on Facebook, Yelp and ShopperApproved.
Document custody is the process of storing loan documents related to pooled mortgages for the life of the pool or loan package. This is a very important function for Ginnie Mae and other government-backed lenders like Fannie Mae and Freddie Mac.
It’s important for custodian banks to ensure they comply with government guidelines and regulations that govern how documents are stored. They need to meet government security requirements and provide fire-resistant storage areas.
In addition, they need to ensure they have a dual access control system, which means two locked barriers or one combined with a monitoring device. This helps ensure that only authorized personnel can gain access to the building.
This is a great way for companies to ensure that they’re storing documents in a secure and safe manner. It also shows how well they care about their clients and handle any conflicts. Madison Trust Company has near-perfect reviews on Google Business and the Better Business Bureau, which shows that they handle any complaints quickly and efficiently.
A Directed Trust allows clients to reap the estate planning benefits of a trust while retaining the relationship with their existing investment professional, as well as their portfolio strategy. It also enables the client to restructure their wealth platform in a manner that allows them to move their assets without incurring unnecessary state income tax.
A directed trust is a fiduciary vehicle that allocates the duties and responsibilities of trustee, distribution advisor, and investment advisor. These roles are often performed by separate members of your wealth team, which allows for more specialized expertise to be shared in critical areas.
This model works well for high net worth clients who wish to maintain the benefit of a trusted investment professional, and enjoy a continuing relationship with their trust company while allowing for asset transition strategies and personal estate planning goals.
Typically, directed trusts charge an investment advisory fee separately from a corporate trustee fee. The combined fees may be lower than a unitary bank trustee situation, but the total fees still may be higher than if the client chose a traditional all-in-one trust company.
A checkbook control self-directed IRA is an IRS and tax court approved structure that allows you to invest your retirement funds in a variety of nontraditional assets. This can include real estate, tax liens, precious metals, trust deeds and even private company shares.
It is an excellent way to break free from the shackles of traditional investment platforms that often charge exorbitant fees or refuse to hold special, new or alternative investments on their behalf. This can be a big boon to anyone who wants to diversify their portfolio and take advantage of the IRS’s tax benefits.
For this reason, we have partnered with Entrust to offer the most robust and investor friendly self-directed IRA platform available. With Entrust, clients can set up their account in less than 10 minutes and fund it quickly without the hassle of the bank branch or ATM. Clients also enjoy a suite of tools to help them make informed decisions.