IN THE NEWS: IRAR Expands with Launch of Trust Company
IRAR Trust Company: A Custodian for Alternative Assets in Self-Directed IRAs
LA JOLLA, Calif., Oct. 2, 2018 /PRNewswire/ -- IRA Resources, Inc., a leading self-directed IRA firm headquartered in La Jolla, CA., announced today the approval of IRAR Trust Company, its own self-directed IRA custodian chartered in South Dakota. IRA Resources is now IRAR Trust.
IRAR Trust will act as a custodian for self-directed retirement plans investing in alternative assets including: real estate, private placements, LLCs, real estate notes, and other assets not available through brokerage houses and banks. IRAR Trust Company will custody over $1 Billion in assets for self-directed IRA clients.
Bright Outlook for IRAR Trust Company
The addition of a trust charter is one of the many recent accomplishments of the firm focused on its growth strategy. "IRA Resources brings a tremendous amount of industry experience to our trust company, in addition to our strategic, financial, and operational experience. We're thrilled to be a custodian for self-directed IRAs and with our talented and experienced team, we will continue to grow and expand," said Liane Bathey of IRAR Trust Company. "Our focus and hard work have paid off, we've seen tremendous growth in the past year, and we know this achievement will enable IRAR to add services and capabilities that will continue to exceed the expectations of our growing client base."
Stability and Excellence
IRAR Trust is owned by IRA Resources, Inc. Founded by Liane Bathey in 1996, IRA Resources now IRAR, is one of the fastest growing self-directed IRA firms in the United States. With no outside investors, this allows the company to reinvest earnings back into the business— towards improvements that help support their white-glove service model— while keeping their fees lower than most trust companies in the self-directed retirement industry.
Compliance and Security
IRAR Trust Company is regulated directly by the South Dakota Division of Banking. The company's financials, transactions, and accounts are regularly audited to meet federal and state law.
"We chose South Dakota as our chartered state because of their long and extensive experience with self-directed IRA custodians. Their intimate knowledge of our space helps keep the companies they regulate— and the industry as a whole —compliant," said President of IRAR Trust Company, Jason Craig. "We welcome a regulated environment because we want to make sure our clients know that their retirement future has that extra layer of direct oversight," he added.
IRAR Trust Company will be operating out of its South Dakota location supported by IRAR Processing Center in Oakland, CA and the IRAR Corporate office in La Jolla, CA.
IRAR's mission is to empower clients to grow their retirement savings at lower costs. We've specialized in holding alternative assets in self-directed IRAs since 1996. Our business partners and clients rely on our excellent service and expertise to invest in assets such as real estate and private placements. The IRAR team holds the Certified IRA Specialist Professional designation (CISP) and participates in ongoing educational and compliance programs. Together, we leverage our knowledge to provide accurate and timely service to all investors.
IRAR does not promote investments— rather, we provide the resources to make self-direction easy, cost-effective, and compliant. For more information visit www.iraresources.com.