Our phones will be on Auto Attendant between 1:30 – 2:30 pm for training purposes and lunches.

Summer Hours: The office will be closing at 3:30 pm on Fridays beginning Memorial Day to Labor Day.

Is your IRA homeless?

Published on March 26, 2012

Did your custodian change their minds about holding your assets?

Next Generation Trust Services has received news from a few internal contacts at big custodial firms such as Schwab that their alternative investment department may be resigning as custodian for certain IRA accounts holding alternative assets.

Our office has received an influx of phone calls from prospects looking for a home for their nontraditional, and often illiquid investments—and we’re pleased to say that we’re up for the job!

Unlike many traditional companies such as Fidelity or Charles Schwab, the accounts with Next Generation Trust are truly self-directed, which is to say we rely on the client to provide whatever due diligence is necessary. Our firm provides no investment, legal or financial advice, which is what permits us to accept investments such as offshore funds, unsecured notes and precious metals without a cumbersome review process. Because other firms do provide such advice, it is much harder for them to take on the task of custodianship to alternative investments.

With our team specializing in the handling of nontraditional and self-directed accounts, Next Generation Trust encourages anybody finding themselves with a homeless asset to contact us right away, so that we may ensure your account retains its tax-sheltered status, while continuing to grow in way that you know!

Back to Blog