Today we review IRA Services Trust Company for you. What is IRAServices.com? How does i work? Will it be a service for you to consider or are you better of looking on other alternatives instead? This and more you get help answering in this short review! Let´s have a look!
Product: IRA Services Trust Company
Owner: IRA Services Trust Company
Price: Varies (for fees look further down in this review)
Who is it for: Investors
Overall rating: (3 / 5)
Important to mention before we go into more details of this review: We always strongly recommend to do your research online before you choose a company to invest with. There are so many reviews online of clients being ripped of and scammed. So please do investigate thoroughly before you make your decision.
See our Top-5 list of Gold & Silver IRA providers on this page<==
With that being said, let´s continue with the review on IRA Services Trust Company!
What is IRAServices.com?
IRA Services Trust Company exists as a subsidiary of the famous Forge Global. It is a non-depository trust firm that is under the regulation of the South Dakota Division of Banking. For more than 35 years, this company has offered administrative and custodial services to a wide range of clients. The most common clients have been individuals, financial advisors as well as investment issuers.
IRA Services Trust Company has offered services that have proven invaluable to its customers, in their move to generate wealth from various IRA-funded investment assets including :
– Real estate
– Private stock
– Private equity
– Promissory notes
– Private placements
– Precious metals
– Marketplace offerings
– Online platforms
In the past half-decade, IRA Services Trust Company has realized a very steep increase in the number of customers, who have believed in its capability to deliver impressive results through its very advanced technology that perfectly integrates with its IRA services Trust’s custody platform.
This company takes pride in having very responsive and experienced staff members who are able to deliver all its reasonably-priced services to all its clients. Clients can, therefore, approach this company with the hope that they will get boutique investment solutions that will help them achieve their investment goals.
How does IRA Services Trust Company work?
IRA Services Trust Company has really simplified its service provision model, by making it easy for its clients to create accounts and to begin investing as soon as possible. In fact, they have simplified it to 3 words, which are: Open, Fund, Invest. A client can therefore:
1. Open an account
In not more than 5 minutes, a client can create a self-directed IRA.
2. Fund the account
The client can then fund that account easily and quickly.
The client can then choose how to invest his or her funds in the Self-Directed IRA.
This company then comes in to ensure that all the administrative and custodial tasks that are needed to ensure that you do not collide with the IRS are fulfilled.
What are the main services that are offered by IRA Services Trust Company?
We can understand the services that are offered by this company in a better way by having a look at who its main client is, and what they gain from this company. Essentially, this company is out to serve:
If you are an investor who is seeing to diversify your retirement portfolio and you are ready to utilize the funds in your IRA to seize all the non-traditional investment opportunities that exist, then IRA Services Trust Company is the way to go. If you walk with the experts in this company, they will offer services that will help you turn your retirement funds into a reliable income.
If you are a financial adviser who has clients who want to try out alternative investments, or you feel that all private market opportunities are seemingly out of reach owing to the lack of funds to invest, then IRA Services Trust Company has a solution. It can offer a partnership to you in a bid to facilitate and administer all the customers you have with unique investment alternatives.
If you are an issuer seeking extra capital to fund the investment offerings, then you can utilize the $9 trillion capital base in IRAs. IRA Services Trust Company will sort out your needs through its technical expertise so that you can get perfect custody solutions that will enable you to meet all your business needs.
Is IRA Services Trust Company superior in its niche?
This company has so far managed to build its self a good name in the custody and administrative services industry. So far, it has more than $11 billion worth of assets in its custody. How does this company attract its clients?
Here are some of its strong points:
- Its clients are usually guaranteed direct assistance from its staff members.
- It efficiently and precisely processes all of its transactions.
- Clients can access all their accounts on a 24/7 basis.
- It offers very reasonable and competitive fees.
- This company takes pride in being a pioneer in the IRA custody and administration services industry.
- It offers privacy and security for its clients’ information.
Note: If you are looking for a gold & silver IRA provider then I would recommend that you look at our #1 recommendation instead, they offer you a low one-time flat fee + they are the company that is recommended by the most independent 3rd party consumer protection agencies in this industry
==> Learn more about my #1 recommended gold & silver IRA provider on this page
Is IRA Services Trust Company a Scam or Legit & Genuine?
Yes. There is no doubt that this company is genuine. As already introduced, this company is a subsidiary of Forge Global. According to Crunchbase, this company was acquired by Forge in 2019. Forge, which was formerly known as Equidate has been expanding its services in the financial services and FinTech industries.
Unfortunately, IRA Trust Services has not been performing quite well in terms of customer satisfaction, as can be seen in the feedback they have offered so far.
On Yelp for instance, this company has a (3/5) star rating. Former employees have also expressed their dissatisfaction on Glassdoor, where it has a rating of (2.4/5 stars). We can also see the same level of dissatisfaction on Birdeye where it has a low rating as well of (2.8/5) stars.
IRAServices.com review & complaints?
Rating: A+ (2 / 5) click here for details (opens in new window)
Rating [ur 3] click here for details (opens in new window)
Rating: (2.4 / 5) click here for details (opens in new window)
Rating: (2.8 / 5) click here for details (opens in new window)
My conclusion from this:
As you can clearly see above their online reviews and ratings from some of the most well-known and trusted independent 3rd party consumer protection agencies are not that impressive to be honest, they are actually way below average, and far from the companies that are on our top 5 list.
Their main complaints include hidden fees and poor customer service.
This company has tried its level best to advertise itself as a suitable partner to investors, financial advisers, and issuers, but it is failing to satisfy them. Despite having a very impressive business model, this company is failing at addressing the things that matter most: customer issues. My overall recommendation would, therefore, be that you seek another alternative to work with.
**See our top 5 list of gold & silver IRA providers on this page
Pros and Cons
It is always wise (and recommended) to compare the positive sides against the not so positive ones to get a better overall view of something, right? As always in my reviews I provide you with some clear and obvious points on both sides of the spectrum:
- Excellent business model
- More than $11 billion worth of assets under custody.
- Relies on very advanced technology to dispense its services
- Poor customer service
- It does not reveal its fees upfront
- Poor ratings and reviews (from 3rd party consumer protection agencies)
Do you own or represent IRAServices.com?
If you are a representative, or associate of IRAServices.com and have found something not to be correct in this review please, feel free to tell 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 else you got the e-mail on the about page.
Final words and verdict
Overall rating: (3 / 5)
Ok, I think that sums up the overall view of IRA Services Trust Company pretty good, it is absolutely a legit company, however, if it is the best one out there is another story. What takes the rating down (in my opinion) is because their fees are not clearly displayed on their website and their online reviews and ratings from independent 3rd party consumer protection sites are not that impressive.
As alway the decision is up to you to make.
Important: Please make sure to do your own research and compare different alternatives against eachother before you make any decisions.
You made a wise decision to read this review, and that make me believe that you are an intelligent person as well as a smart investor, therefore I am absolutely sure that you will find the right company to do business with, that suits your particular needs the best and that you are comfortable with.
Below you can look at my #1 recommended compay that is also recommended by the most independent 3rd party consumer protection agencies than any other IRA provider in the industry:
==> Learn about my #1 recommended gold & silver IRA provider on this page <==
I hope you found this short review of IRAServices.com to be helpful and that you now have a better understanding on what IRA Services Trust Company is about and if it is something for you or not. Please share your own experience in the comment section below as it can help others. Also, if you got any questions about this I will be more than happy to answer them below!
I wish you success!
Michael, founder of Gold Retired
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