Regulatory Oversight and Account Security

State Chartered Trust Company

All IRAs must be held by a custodial entity such as a bank, credit union, trust company, or an entity that is licensed and regulated by the IRS as a “non-bank custodian.”

The IRS website publishes a list of nonbank custodians. However, this IRS resource is not a complete list of every custodian. The IRS list does not include entities that qualify as an IRA custodian under state law, which includes Equity Trust.

The South Dakota Division of Banking regulates Equity Trust, and we are registered as a trust company that can custody retirement assets.

Protection and Security

We take the security of your data and information seriously. We utilize sophisticated tools, technology, and training to keep the information you entrust with us safe, secure, and protected.

How we protect your information:

• Industry-leading cyber-security tools, practices and technology
• Multi-factor identification practices that protect our clients’ identities
• Continuous employee education to ensure we are all aware of security risks in this digital age
• Proactive tracking of the latest threats

SOC 1

We have completed the SOC (Service Organization Controls) Report, issued by the American Institute of CPAs (AICPA).

The report demonstrates our commitment to internal controls over finance reporting.

Completing this standard required a rigorous and lengthy process, commitment from the entire organization, and a comprehensive approach across multiple teams and departments.