Company Mission/Value Statement
The mission of Next Generation Trust Company is to provide our clients with the tools and support necessary for them to “control their futures, today” by investing in self-directed retirement plans. We fulfill this mission by educating individuals and their trusted advisors about the many options and benefits of self-direction as a retirement wealth building strategy.
This initiative is borne out of our philosophy that everyone should have the knowledge and the tools to plan for a worry-free retirement and become less dependent on an outside source of income such as social security. By guiding our clients about self-direction, they can develop a retirement portfolio that reflects a diverse range of alternative assets—a portfolio that they control
What is Next Generation Services and Next Generation Trust Company?
On July 1, 2017, Next Generation Trust Services, a full-service administrator of self-directed retirement plans, became Next Generation Services. In tandem with this change, CEO Jaime Raskulinecz has announced the launch of its sister firm, Next Generation Trust Company, a licensed, chartered trust company serving as the new custodian for all accounts. Next Generation Services is now the servicing company and administration arm for the self-directed accounts whose assets are held by Next Generation Trust Company.
The trust company is chartered in South Dakota and is regulated and licensed by the South Dakota Banking Commission.
“South Dakota’s banking commission is one of the few in the country that truly understands the particulars of the self-directed retirement field,” explained Raskulinecz.
Clients continue to enjoy the high level of customer service upon which Next Generation has built its reputation since its founding in 2004, with the same staff and same ownership; the benefit is that there is no longer an unrelated custodian responsible for clients’ assets. Next Generation continues to use third-party financial institutions to physically hold client undirected cash, as the trust company is designated to be a non-depository trust company.
As a third-party administrator of self-directed retirement plans, Next Generation Services handles all the back office administration, record keeping, mandatory reporting, and transaction support. Accounts are named with Next Generation Trust Company as the custodian and holder of assets, for benefit of the individual account.
“With both companies under the Next Generation name, we are fully contained in terms of the financial services we offer,” said Raskulinecz. “We will control both companies, providing a more seamless transaction process for our clients.” Raskulinecz said that her company did not have to bring in any outside investors in order to form the trust company. “We are proud that we kept it all ‘in the family’ so that our clients will only deal with the same people they’ve trusted all along.”