Equity Trust Company’s Richard A. Desich Named President of Retirement Industry Trust Association (RITA)

Desich Will Continue RITA’s Advocacy of Self-directed Retirement Accounts

Richard A. Desich, vice president of Equity Trust Company—one of the nations leading custodians for self-directed IRAs—was elected president of the Retirement Industry Trust Association (RITA), which is the trade organization for self directed retirement plan providers encompassing banks, trust companies and other regulated financial institutions.

“It’s an honor to lead RITA during this exciting time of industry growth,” said Desich. “Currently there are more than $4 trillion held in retirement plans across the country and the portion of those retirement plans that are self-directed continues to increase. RITA is crucial to the advancement of our industry and to the benefit of self-directed investors everywhere.”

“Large numbers of investors, even many CPAs and attorneys, are unaware of the potential for IRAs to hold real estate, tax liens and other non-traditional assets,” said Desich.

In addition to his position at Equity Trust, Desich is a nationally recognized speaker and authority on non-traditional investing in self-directed IRAs and qualified plans.

“Because of my past experience and my current involvement within the self-directed investing community, I realize the importance RITA has in supporting, promoting, and educating Americans on the benefits of self-directed retirement plans,” said Desich.

RITA is a nonprofit organization and has served the trust community since 1987. The association sponsors conferences for its members and other organizations interested in self-directed retirement and long-term savings issues, including trust companies, banks, savings and loans, credit unions, brokerage firms, investment sponsors and service providers.