What is Directed Trust Company? Join me in today’s review as we look at yet another interesting company in the IRA industry. As cryptos continue to gain worldwide popularity and as the adoption rate spikes, it’s good to find out whether Directed Trust Company is well-placed to help you achieve your investment goals. Let’s get into it right away.
Name of the company: Directed Trust Company
Official Website URL: https://directedira.com/
Overall Rating: (4.3 / 5)
Important to mention before we go into more details of this review:
We always strongly recommend doing your research online before you choose a company to invest in. There are so many reviews online of clients being ripped off and scammed. The most common way people get scammed is through so-called “hidden fees” so please investigate thoroughly before you make your decision.
With that being said, let´s continue with the review on Directed Trust Company!
What Is Directed Trust Company?
Directed Trust Company is a firm that offers directed custodial services to customers who are out to make investment income through an IRA. The officers and all board of directors in this company also self-direct their own investment and are very capable of approaching all business that comes their way from a self-directed investor point of view.
This company is currently regulated by the Arizona Department of Insurance and Financial Institutions, hence can be deemed safe to work with (in my opinion). According to the information presented on the official website, this company follows very strict capital requirements as per the requirements set by licensed financial institutions.
The main figures in this company’s leadership team are:
- Mat Sorensen – founder and CEO
- Mark Kohler – Founder and CFO
- Kyle McMillan – Controller
- Jessica Scott- Director of New Accounts & Client Services
- Aaron Halderman – Senior Vice President
- Peter Nguyen – Senior Account Representative
- Heidi Faulk – Senior Investment Processor
- Solana Raybon – Solo 401k Specialist
The Service offered
Directed Trust Company offers custodial services to customers who’d like to open their very own IRA services, to take advantage of various asset price increments as they gradually approach their retirement years. You can, as such reach out to this company if you want to open any of the following IRAs:
- Crypto IRA
- Traditional IRA
- SEP IRA
- Solo 401k
- Roth IRA
- Inherited IRA
- Checkbook IRA/LLC
- Backdoor Roth IRA
N.B: This company makes it clear that as a provider of directed custodian services, that it does not provide due diligence to any 3rd party on different types of prospective investments, platforms, sponsors, as well as service providers.
How does Directed Trust Company Work? (How to Get Started)
You can get started with this company through two main ways- filling in the form that corresponds to the service that you’re interested in (under the “FORMS” menu of the official website) or simply calling the customer support staff. Doing either of the two will lead you right into the arms of customer support staff who will help you achieve your investment needs. If you have time to spare, you can have a look at this company’s educational materials (under the “LEARN” Menu on the official website). This will help you get a rough idea of what this company is up to, and how it can assist you.
Does Directed Trust Company offer IRA services?
Yes. As we’ve already established, this company offers Crypto IRA, Traditional IRA, SEP IRA, Coverdell, Solo 401K, Roth IRA, Inherited IRA, HAS, Checkbook IRA/LLC, Backdoor Roth IRA services. Again, all you have to do to access any of these IRA services is to fill out a form on the official website.
Important: Please make sure that you know exactly what fees are associated before you sign anything, I have seen so many reports online of people getting surprised with so-called hidden fees that they had no idea about until it was too late. Transparency is what you want to look for in this industry.
**My #1 recommended Crypto IRA companies are 100% transparent + they got a few other benefits you might want to have a look at if you are interested in a new IRA, see this page
How can you open a Cryptocurrency IRA with Directed Trust Company?
Opening a Crypto IRA with this company differs from the process followed when opening other types of IRAs. Here is what you should do to create your Crypto IRA with Directed Trust Company:
- Access the crypto IRA opening forms on Directed Trust Company’s website, and fill out the Crypto IRA forms. Fund your account.
- Directed IRA will then set up your Gemini trading account. This gives you the capability to trade and hold crypto assets through the account at Gemini.
- Access the list of all Cryptos that are offered on Gemini (over 40 cryptos).
Note that you’ll have to pay the following fees for your Crypto IRA:
– Directed IRA Annual Account Fee – $295
–Directed IRA Trading Fee – 1% trade fee per trade
–Gemini trade fee of 0.25% to 0.35%
Payment methods accepted when paying for Crypto IRAs
This company does not present clear information about how you can fund your crypto IRA account. In most cases, however, if one decides to do an IRA Rollover (transference of funds from an existing IRA to the newly-created IRA), then the main methods include bank transfers, checks, and cash.
Does Directed Trust Company have minimums for purchase?
I didn’t come across any information that points to this company having minimums for purchase. As much as the information is not openly presented, it’s a good idea to consult with the support staff during the crypto IRA opening process. In companies where the minimums for purchase requirements are applicable, you cannot proceed to invest anything if you don’t fulfill this obligation.
Is Directed Trust Company Genuine or Is It a Scam?
Directed Trust Company is, in my opinion, a reliable company. For starters, it has a team of leaders who are highly qualified to deliver directed custodial services, as can be proven by looking at their credentials online. In addition to that, the customer reviews show that the services offered here are quite reliable. Take for instance Facebook, this company has an average rating of (5/5) stars. Such a rating shows excellence in service delivery and is representative of the staff members’ professionalism. You’ll notice that this company is also responsive to its customers, as is the case with Facebook reviews.
Overall, I don’t have anything against this company, though I’d recommend that you take a look at other alternatives that also have such impressive ratings to ensure that you settle for the best of the best.
**You can have a look at how these top-rated alternatives that offer Crypto IRA Services are matching up
Pros and Cons
It is always a wise thing to compare the positive sides against the not so positive ones to get a better overall view of something, right? As always in our reviews we provide you with some clear points on both sides of the spectrum to make this job easier for you:
- Wide variety of crypto IRA services
- Other types of IRA services also offered
- Responsive support staff
- The fees charged may be high for some customers
Do You Own or represent Directed Trust Company?
If you are a representative or associate of Directed Trust Company have found something not to be correct in this review please, feel free to tell us and I will make sure to update the info on this post. The easiest way to do it is in the comment section below or simply by sending us an e-mail to firstname.lastname@example.org.
Overall Rating: (4.3 / 5)
From most of the information presented about this company, I believe we can agree that it has done a great job at structuring its services to meet the customers’ investment needs. If anything, the customer reviews provide enough proof of this. If you’re trying to get started with retirement investments, therefore, this would be one company to consult with. Alternatively, you ca have a look at what the alternatives below have to offer:
That will be all for this review on what Directed Trust Company is about. I hope you enjoyed it, and that you now have sufficient information to help you decide whether it’s good enough to help you meet your investment needs. Let me know if you have any questions, or what your experiences have been so far with this company if you’re an active customer.
I wish you well,
Eric, Investor and Team Member at Gold Retired!