“Just never forget to be dexterous and deft.
And never mix up your right foot with your left. And will you succeed? Yes! You will, indeed! (98 and 3/4 percent guaranteed.)”
These words, written by Dr. Seuss in his world-famous children’s book, “Oh, the places you’ll go!” are a reflection of the journey we’ve taken since becoming Next Generation Services and launching Next Generation Trust Company a little over a year ago. The launching of Next Generation Trust Company allowed us to become the custodian of all our clients’ accounts, and fulfilled the vision of our founders in becoming fully self-sufficient in terms of both account administration and custodianship for our clients’ assets. By keeping the scope of our services all under the Next Generation name, we’ve been able to provide seamless transaction processes and foster more personal relationships with our clients.
Over the past year, our founders have worked tirelessly to strengthen our reputation as a trust company. Our CEO, Jaime Raskulinecz, was recognized as an Ernst & Young Entrepreneur of the Year finalist, as well as a Leading Woman Entrepreneur in NJ. In addition, she became a Forbes Finance Council member and published her first Forbes article, “Is an SDIRA Right for You? Five Things You Should Know.” It doesn’t stop with her, though; the team has continued to grow both in size and skill. Aside from adding new team members, several of our staff have completed additional levels of training and certification to advance their careers, which allows us to continue achieving our business goals and providing expert service to our clients.
Our Business Development Representative, Bryan Sullivan, is now a certified Notary, which makes the account opening process much smoother. No need to figure out where to get your Client Release Form notarized – just come down to the office and we can do it right in house! Assistant Transaction Manager, Kyle Schickram, became a Certified IRA Services Professional (ISP), which helps us to ensure that every transaction is completed correctly according to IRS guidelines. To add to our blossoming list of accolades, our Director of Marketing and Sales, Brittany Pickell, continues to push the business into the future, spearheading our digital marketing efforts by appearing on webinars alongside industry experts. This extends our reach and allows us to offer you more engaging and educational content.
As you can tell, we’re chugging along like the little engine that could. Stay tuned for more updates, and be sure to connect with us on social media to stay in-the-know!
Real Estate Expo – August 18
Network with investors, visit our table and sit in on our presentation!
Welcome our newest team member, Erica Figueiredo!
Erica Figueiredo has joined Next Generation as a Marketing and Sales Support Associate at the Roseland, NJ, office. Her main responsibilities will include creating and implementing lead generation campaigns, drafting marketing content, and coordinating logistics for trade shows, events and presentations.
Erica holds a B.A in Communication Studies from Kean University. She’s excited to put forth her developed skills into content marketing and marketing automation initiatives for Next Generation. She loves the challenge of understanding the different types of audiences we interact with on a daily basis and what they want out of the services we provide to find unique ways to deliver the messaging that gets them to click or call for more information.
Keep an eye out for the formal press release, which will be available on our website.
Private Stock and SDIRA’s: Start-ups, LPs, LLCs, Hedge Funds, Private Equity, PPMs, and Crowdfunding
- All stock certificates, LLC membership certificates, or LP interests should be in the name of the IRA (e.g., ABC Trust Company FBO Sally Jones Roth IRA).
- An IRA typically cannot buy shares/units of a company owned 50% or more by disqualified persons (e.g., IRA owner and certain family).
- IRAs invested into operational businesses (e.g., restaurant, tech company) that do not pay corporate taxes (e.g., not C corps) can be subject to UBIT tax. UBIT tax does not disqualify the IRA from investing, it just means that the IRA has to report and pay some tax.
- IRAs could potentially cause a self dealing prohibited transaction when they invest into the company where the IRA owner (or other disqualified persons) has significant ownership or serves as a officer, director, or highly compensated employee.
Source: “The Self Directed IRA Handbook” – Mat Sorensen, Attorney at Law