For those who have decided a self-directed Roth IRA is the best option for their retirement plan, then you may be in search of a great custodian. We’re here to make your life a whole lot easier by providing you with a list of the best self-directed Roth IRA custodians for 2016. We know that finding a self-directed custodian can be tricky, and even time-consuming, so be sure to keep our list on hand for when you need it.
Earning Special Designations
What’s really great, and interesting to note, is that this list of custodians of self-directed Roth IRAs is growing each and every year. That’s great news for people who are looking to benefit from this kind of retirement savings plan. In fact there are self-directed Roth IRA companies scattered all across the country now.
To help you narrow down your choices, we’ve designated some as the best self-directed investment account option in a particular area. The ones without a designation are still great options of course.
Special Designation: Ideal for beginners
We really like Scottrade for those who are new to using custodians of self-directed Roth IRAs. By choosing to go with a self-directed Roth IRA with Scottrade, you'll be able to take advantage of such features as commission prices that are reasonable, the fact it offers more than 500 branches in the country, and that you can choose from all kinds of mutual funds.
Company: TD Ameritrade
Special Designation: Ideal for those with experience
On the flip side if you are more of an experienced trader, you may want to look into TD Ameritrade. They offer Chartered Retirement Planning Counselors that can help you figure out the best plan for you, which is ideal if you're familiar with the jargon. Other features include the fact there are no fee ETF's and they don't set an account minimum.
Special Designation: Ideal for those who are working on a tight budget
Perhaps one of your biggest worries is price. If that’s the case then TradeKing is a budget-friendly option. Right off the top, there are no minimum balances you must hold. You can check out the trade network for tips and information on how people are investing. You can also get a refund on your account transfer fees of up to $150. It really is meant for self-directed investors. It is said that their online tools are incredible for Roth IRA accounts.
Company: The Vanguard Group
Special Designation: Ideal for all types of self-directed Roth IRA’s
A great all around selection for self-directed Roth IRA, Vanguard Group excels in a number of ways. They offer a wide range of tools and information that you can use to ensure you set yourself up for a comfortable retirement.
A Look at Other Self-Directed Roth IRA LLC Companies
Now that we’ve determined who the special mentions are in the self-directed Roth IRA custodians arena, we can take a look at the rest. Many of these deserve mentions in other categories, there are just far too many to list in depth!
- Advanta IRA (TPA)
- Advantage Gold
- American IRA (TPA)
- American Estate & Trust
- American Pension Services (TPA)
- Capital IRA (TPA)
- Community National Bank
- The Entrust Group (TPA)
- Equity Trust Company (acquired Sterling Trust Company)
- Exeter (TPA)
- First Trust Company of Onaga
- GoldStar Trust Company
- Guidant Financial Group, LLC
- Horizon Trust Company
- IRA Club (TPA)
- IRA Resources (TPA)
- IRA Services Trust Company
- Kingdom Trust Company
- Lincoln Trust
- Madison Trust Company
- Midland IRA (TPA)
- Millennium Trust Company
- Mountain West IRA
- Nevada Trust Company
- New Direction IRA (TPA)
- Next Generation Trust Services (TPA)
- Nexus Direct IRA
- NuView IRA (TPA)
- Pensco Trust Company (acquired Lincoln Trust Company)
- PolyComp Trust Company
- Preferred Trust Company
- Premier Trust
- Provident Trust Group
- Quest IRA (TPA)
- RealTrust IRA Alternatives (TPA)
- Regal Assets
- Self-Directed IRA Services, Inc. (Horizon Bank)
- Sovereign International Pension Services (TPA)
- Summit Trust Company
- SunWest Trust Company
- Trust Administration Services Corp
- Trust Company of America
- uDirect IRA (TPA)
- Vantage IRA (TPA)
While we've tried hard to put together a complete list for 2016, there is a chance that some custodians may have been missed. It's always a good idea to do some research before you choose your custodian regardless.
What Makes a Good Custodian?
Just to give you a bit more information to work with, we also wanted to give you a few factors to consider when choosing a good custodian. You'll want to look into the custodian's reputation to ensure they are trustworthy and know what they're doing. As well you want to be sure it is a custodian that is there for you and offers high levels of customer service. Lastly there is the cost factor. Be sure to ask up front about charges. The last thing you want is to discover there are hidden fees you weren’t aware of.
Make a Choice and Get Started
When it comes down to it you need to jump right in and make a choice. Remember, your custodian will play a large roll in your self-directed Roth IRA, so make sure you ask lots of questions before making a final decision.
If you'd like to set up a gold IRA, we suggest opening an account with Advantage Gold. This company has a spotless reputation, more than a decade of experience, and excellent customer service. You couldn't ask for a better custodian for your financial future.