Self Directed IRA Custodians
IRAs were created by the United States government to encourage Americans to save for their future.
The laws governing IRAs require that they have what is known as a custodian to administer investments, hold paperwork/information and provide reporting on the accounts to the government.
Generally speaking there are two types of IRA custodians:
- An "active" custodian that gives investment advice and/or offers investment products
- A "passive" custodian that does not give advice or sell products
When making self directed investments clients instruct Equity Trust to buy or sell investments on behalf of their IRA. (see self directed investing)
As a self directed IRA custodian Equity Trust administers your IRA and handles all the necessary reporting to the government on behalf of your IRA.
For more information see How to Select the Best IRA Custodian for You.