About Next Generation Trust Company and Next Generation Services, LLC
Jaime Raskulinecz founded Next Generation in 2004 out of a desire to make real estate investments within her IRA, but was unable to find a professional to help her make those transactions. Next Generation began as part of a national network of third-party administrators of self-directed retirement plans, which Ms. Raskulinecz led from start-up to over $150 million in assets in just five years. She decided to break away from the national network to start her own truly independent firm, and in 2011 the company emerged as Next Generation TS, LLC. To date the company holds over $600 million in assets.
On July 1, 2017, Ms. Raskulinecz announced the launch of 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 Divison of Banking.
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 the benefit of the individual account.
“With both companies under the Next Generation umbrella, we are fully contained in terms of the financial services we offer,” says Raskulinecz. “We now 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.”
Jaime Raskulinecz is the CEO and Founder of Next Generation Services in Roseland, New Jersey, which specializes in comprehensive account administration and transaction support services for self-directed retirement accounts. Its sister firm, Next Generation Trust Company – a South Dakota licensed, chartered trust company – acts as the custodian for all accounts. Ms. Raskulinecz founded Next Generation in 2004 out of a desire to make real estate investments within her IRA, but was limited by a lack of professionals to help her make those transactions. Determined to be part of the solution, she founded Next Generation as part of a national network of third-party administrators of self-directed retirement plans. In 2011, after significant growth and success, Ms. Raskulinecz decided to start her own truly independent firm, Next Generation Trust Services. In 2017 she launched Next Generation Trust Company, the realization of a longstanding goal. To date, the company holds over $600 million in assets for thousands of client accounts.In addition to her leadership at Next Generation, Ms. Raskulinecz is also CEO and Principal of Rainbow Property Management. She is a Certified Property Manager (CPM), a New Jersey licensed real estate broker and an active member of many national and statewide real estate organizations. She is passionate about educating consumers and professionals on self-directed retirement plans to help investors and advisors better understand the options and requirements involved. A recognized expert in this field, she is a frequent speaker and interviewee on the topic of including alternative assets within self-directed retirement plans, and has contributed articles to prominent finance and investment publications. In 2014, Ms. Raskulinecz joined the Board of Trustees of Green Hill, Inc., the nonprofit organization that owns and manages Green Hill Retirement Community in West Orange, NJ. She currently serves as Vice Chairperson of the Board.Recent awards and honors:Ms. Raskulinecz was a finalist for Ernst & Young’s Entrepreneur Of The Year® Award in the New Jersey Region for 2017 and 2018. The awards program recognizes entrepreneurs excelling in areas such as innovation, financial performance and personal commitment to their businesses and communities. She was also recognized as one of the 2017 Top 25 Leading Women Entrepreneurs in New Jersey and she was honored with the 2017 NJBIZ ICON HONORS award, which recognizes New Jersey business leaders over the age of 60 for their notable success and demonstrated strong leadership within and outside of their chosen field. Ms. Raskulinecz is also a Forbes Finance Council Member & Contributor.Previous awards and honors:
Real Estate New Jersey: one of its 50 Women of Influence (2008 and 2009);
New Jersey Association of Women Business Owners (NJAWBO): named one of the 30 Most Successful New Jersey Women Business Owners (2008); Essex chapter’s 2011 Business Woman of the Year, NJAWBO’s statewide 2012 Business Woman of the Year;
NJBiz: one of New Jersey’s Best 50 Women in Business (2009);
Leading Women Entrepreneurs and Business Owners award: finalist (2011 and 2012);
Women’s Center for Entrepreneurship Corporation: Woman Business Owner of the Year (2013).
Next Generation Trust Services was a finalist for the NJBiz 2013 Business of the Year (1-50 employees).
Congratulations to Linda on her stepping-stone towards retirement! While focusing on this well-deserved achievement, she still stops into the office at least once a week to keep in touch.
While she’s here, she concentrates on running and overseeing the back-office operations of Next Generation Services (NGS), keeping tabs on our human resources needs, accounts payable and other administrative areas.
Linda is more formally titled Principal of NGS (along with Jaime Raskulinecz) and is also President of Rainbow Property Management, LLC – a third-party management firm with expertise in subsidized rentals, market rate rentals, community associations and commercial property. She has been in the property management business since 1994 and is also a real estate investor.
Financial reporting, taxes and audits, billing and receivables, and budget generation and management are just some of the areas in Karen’s considerable background in corporate finance. Two standouts from Karen’s successful career are applying her expertise to guide sound business decisions, and her proven ability to refine accounting and reporting procedures to improve financial efficiency. Karen oversees Next Generation’s corporate financial operations as well as client-related financial areas, including transaction processing and billing.Prior to joining Next Generation, Karen worked as a Director of Finance, Accounting Manager/Assistant Controller, and Senior Accountant. Karen is a licensed CPA (New York State) and graduated Summa Cum Laude from Hofstra University with a BBA in Public Accounting; she is also certified in human resource administration. Karen is a member of the American Institute of Certified Public Accountants and New York State Society of Certified Public Accountants.
Bill applies his past experiences and education to his managerial role for the transaction team. Bill’s background includes research and appraisals for a real estate appraisal firm in northern New Jersey and extensive customer service, bookkeeping, and cash management responsibilities for a high-end regional grocery chain. He says that the attention to detail and experience with real estate and customer service in prior jobs are serving him well at Next Generation.Bill is both a Certified IRA Services Professional (CISP) and a Self-Directed Industry Professional (SDIP), and holds a Bachelor’s Degree in Criminal Justice from Rutgers University—great qualifications when it comes to monitoring IRS compliance issues.
Kyle is the Operations Manager, who oversees activity on all levels and assists the team as needed. His role includes reviewing documentation, auditing procedures, assisting with both client and staff inquiries, overseeing the flow of transactions through the office and much more. He also takes lead on special projects and assists with staff training.
Kyle has furthered his knowledge by attending additional training classes and earning two additional designations – Self-Directed IRA Professional by the Retirement Industry Trust Association and Certified IRA Services Professional by the American Bankers Association.
As an account representative, Emma reviews our clients’ investment documentation for compliance with IRS regulations, and assists with ongoing account management. Her previous experience in retail and banking has made for a smooth transition to financial services at Next Generation, especially when it comes to working with individual customers and facilitating efficient transactions.Emma has a Bachelor’s degree in Mathematics with a statistics emphasis from the University of Utah. This degree has taught her how to think critically and analyze different situations in a way that is useful in customer service. Emma loves taking care of her orange Tabby cat William, who purrs so loud he has earned the nickname Lawnmower. She is also an avid reader and enjoys a well-executed plot twist.
As a Client Services Associate, Lisa has daily direct contact with clients. She works closely with clients to obtain documentation for new and existing investments, ensuring that clients are providing what is required per the IRS regulations. Her previous experience with compliance and direct customer service has helped her create a rapport with many of our existing and new clients. With her background and degree in business, Lisa understands the importance of making sure our clients best interest a priority when facilitating new investments. When Lisa’s not working she enjoys spending time with her family, friends and dog Luna. She also enjoys live music, movies, and a good book.
Pamela has extensive customer service experience, including at a regional bank, that serves our new and existing clients in her role at Next Generation. She ensures our clients have a full understanding of their self-directed IRA investments during each transaction, with her trademark respect and kindness. Pamela takes pride in being bilingual and is happy to assist our Spanish-speaking clients to ensure their process of self-directed investing is smooth. Pamela graduated from Fairleigh Dickinson University with a bachelor’s in business administration.
Bob, who graduated from NJIT, comes to Next Generation with an interesting background as physics, chemistry, and math teacher for seven years prior to joining our team. He also created a best-selling,18-hour physics video course and holds six IT certifications. At Next Generation, he applies his analytical skills, capabilities in Microsoft Excel, and his understanding of finance and numbers to each transaction. He co-manages and processes accounts receivable, conducts reconciliations, creates procedures, and supports the transactions team. In his free time, he enjoys playing tennis, hiking, listening to podcasts, and putting together material for additional online video courses . . . and deepening his knowledge of self-directed retirement plans and industry updates to better serve our clients.
As an integral member of the sales team, Jack brings over 15 years of customer service and sales experience to his role at Next Generation. As a business development specialist, Jack is tasked with identifying new potential referral sources and clients, educating them on the value of self-directed IRAs, and assisting those individuals with new account opening. Jack’s passion for connecting with and educating people stems from his 8-year tenure as a sales trainer at a sports eyewear company. Previously, he worked at the law firm of Riker, Danzig, Scherer, Hyland & Peretti; and Wiss and Company, an accounting firm based in Livingston, NJ. Jack also holds a certificate in Computer Tech Support from Chubb Institute.