Timothy Wilms-Crowley Promoted to Compliance Manager at Next Generation TS
Published on May 8, 2014
Timothy Wilms, Compliance Manager for your Self-Directed IRAsWilms-Crowley will supervise the company’s transaction team, oversee internal compliance and administrative reviews, and ensure that Next Generation is always ahead of the curve in terms of regulatory and legislative changes within the self- directed retirement plan industry. He was previously the firm’s transaction supervisor; in that role he oversaw the transaction processing team to ensure accurate and efficient processing of all self-directed investments, and proper documentation and recording of all transactions. His team will continue to manage those responsibilities.
“Tim is well-versed in IRS regulations related to self-directed retirement plans and has already demonstrated expertise in the various compliance requirements concerning these plans,” said CEO Raskulinecz. “As part of his new responsibilities, he will train for CISP (certified IRA services professional) certification, receive ongoing industry compliance training, and represent Next Generation Trust Services at regulatory conferences to stay abreast of the updates in self-directed retirement plan investing guidelines.”
Self-directed retirement plans allow for a broad array of nontraditional and traditional investments; the investor makes all his/her own investment decisions and the transactions are executed by a third-party administrator, such as Next Generation. Next Generation holds the assets, manages all the paperwork and reporting, and ensures that clients are investing within proper IRS guidelines.
“There are always regulatory and legislative changes that arise, such as IRA rollover rules and IRS reporting forms,” noted Wilms-Crowley. “As compliance manager, I will be responsible for making sure that our staff is fully apprised of these important updates that affect our industry and our internal operations. In addition, I will be responsible for making sure all employees receive the proper training, education and credentials to perform their delegated duties.”
All employees at Next Generation Trust Services are cross-trained to be able to answer client questions about self-directed retirement plans more efficiently and to direct them to the proper forms and reference materials to help them open their accounts. Wilms-Crowley said that educating them on compliance will help them serve clients even better.
For more information about self-direction as a retirement strategy, contact Next Generation Trust Services at Info(at)NextGenerationTrust(dot)com or (888) 857-8058, or visit https://NextGenerationTrust.com.
About Next Generation Trust Services
Next Generation Trust Services (NGTS), headquartered in Roseland, New Jersey, is a professional third-party administrator of self-directed retirement plans. NGTS provides education, administrative support, and account maintenance to individuals interested in self-directing their retirement portfolios with a wide variety of investments that are not typically found in an IRA, such as real estate, precious metals, notes and mortgages, private placements, accounts receivables, limited partnerships, hedge funds, and much more. Next Generation Trust Services serves clients globally via its website, https://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.
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