What is SDIRA services? How does it work? Which products and services do it offer to its clients? Is it a genuine company? Which are the investment opportunities that one can take up with this SDIRA Services? Are there any major pros and cons that one is bound to face when dealing with this company?
Name of the Company: SDIRA Services (Currently Strata Trust Company)
Official Website URL: https://www.stratatrust.com/
Owner: Horizon Bank
Overall rating: (3.4 / 5)
Recommended? : No
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 investigate thoroughly before you make your decision.
With that being said, let´s continue with the review on SDIRA Services!
This article simply seeks to establish the legitimacy and competency of SDIRA Services which Is currently trading as Stata Trust Company. Some of the main questions to be asked about this company are found below. In answering these questions, we will have done a thorough review of this company and equipped you with sufficient knowledge to make the right decisions with regards to cutting a deal with this company.
What is SDIRA Services?
SDIRA Services opened its doors to the general public in 2008 as a subsidiary of Horizon Bank. This Texas-based company has come up as a household name in the provision of the support for self-directed individual retirement accounts assets for their clients. SDIRA Services is therefore well-known for empowering investors to be in a position to reach their retirement goals through the provision of custodial services for their traditional assets and their alternative IRAs.
This company has been in business for more than 10 years and has undergone a number of changes, one of the major ones being the change in their company name which happened in 2017. By 2016, this company has managed to amass $1.5 billion worth of assets under its name.
How does it work?
As an interested investor who wants to secure your retirement period financially with SDIRA Services, you are required to open an account with this company you to enjoy its services (https://www.stratatrust.com/open-account/). At the time of opening your account, you are required to provide information on what you are planning on investing in. there are a number of options available for you, such as:
– Publicly registered investments
– Precious metals
– Private equity
– Private debt
– Directly-owned Real estate
If you are not sure about what you want to invest in and require to be advised, you can select the “I have not decided yet” option for you to get assisted with that. Once you have selected your investment option, you are required to download the IRA Kit to fill out, after which you should fax or email SDIRA Services. You will be required to provide the following details in the IRA Kit:
– Email address
– Social Security Number
– Beneficiary’s details
– Driver’s License/Valid Government ID
After you have opened an account with this company, you are then required to rollover your funds into the retirement asset that you settle on for SDIRA Services to begin implementing its custodial services. If you choose to go with precious metals as the preferred choice of investment, you are required to find your dealer of choice and then provide SDIRA Services with the items listed in the Precious Metals Investment Checklist.
Products and services offered?
SDIRA Services essentially presents its clients with custodial services. There are no unique and fancy packages for you to select from. As a client, you are only interested in knowing how you will secure your retirement account, and that is what SDIRA Services is all about.
The products that this company offers are simply the investment options that it offers its clients at the time of the account opening. As such, SDIRA Services (Strata Trust) happens to be a custodian of clients’ IRA investments in the form of precious metals, private debt, structured settlements, crowdfunding, real estate, and private equity.
Is SDIRA a Scam or is it Legit?
This company is a legit company that is in the business of providing genuine services. Despite the fact that different clients have reacted differently to how SDIRA Services conducts its business, this does not nullify the fact that it is a genuine company. This company is a fully owned subsidiary of Horizon Bank, which happens to have an impressive number of clients, thus backing up the trustworthiness of SDIRA Services.
SDIRA Services has also been in business since 2008, and it has only survived that much due to being a trustworthy company. This company also has an A+ rating in BBB (https://www.bbb.org/us/tx/waco/profile/financial-services/strata-trust-company-0825-90081399) and an overall rating of (3.4/5) in Gold Retired (https://goldretired.com/what-is-strata-trust-company-scam-or-a-legit-investment). this company has however bee hit with a number of complaints that would make one question their overall effectiveness. As much as this company is legit by all means, it would require a lot of convincing for one to believe that they will be treated in the right way.
If you want to contact SDIRA Services to partner with it, however, you can reach out using the following means and avenues:
Physical address: 7901 Woodway Drive, Suite 200, Waco, TX 76712.
Telephone Number: 866-875-0798
As an investor looking forward to securing your financial status in your retirement years, you should approach SDIRA Services with the clear knowledge that it is only a custodian to the investments that you choose. You will be required to make a number of decisions about the investments, such as the dealer to purchase precious metals from. Also, your investment funds are usually either held in the Delaware Depository or in the Brink’s Global Services USA.
This clearly translates to the fact that one should not expect to make their investment with SDIRA services as all it provides is custodial services.
Pros and Cons
It is always a wise thing (and recommended) to compare companies positive sides against the negative ones to get a better overall view. As always in our reviews, we make this task easier for you by pointing out some clear points on both sides of the spectrum.
-It is a trustworthy company
-Has several investment options offered to clients
-The effectiveness of its services is questionable
-Annual service charges are to be paid by clients
Do You Own or Represent SDIRA Services?
If you are a representative, or associate of SDIRA Services 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: (3.4 / 5)
Ok, I think that sums up the overall view pretty good. This is a legit company for sure, however, if it is your best alternative out there is another story. I suggest you compare them to other top companies in the industry before you make any decisions.
You made a wise choice to read this review and you are a smart person so I am absolutely sure that you will find the right company to do business with, that suits your particular needs the best.
What company I would recommend?
There are some great companies out there, and there are even more “not so good ones” out there. So focus on the top rated ones and leave the more “questionable” alternatives out of the equation to start with. From there it will be much easier to get a clear view of what you have to choose between.
The absolute best one I can recommend is Regal Assets. They are our #1 rated company and also the (by far) #1 rated overall in the industry from its clients.
I hope you found this short review of SDIRA Services (Strata Trust Company) to be helpful and that you now have a better understanding on what it is and if it is something for you or not. Please, if you have used any of their services then share your experience in the comment section below as it can help others. Also, if you got any questions about this review I will be more than happy to answer them below!
I wish you success!
founder of: Goldretired.com