New Direction Trust Company Review

Updated June 24, 2024

At a glance

overall

4.0

Overview

New Direction Trust Company specializes in self-directed retirement accounts, empowering investors to diversify their portfolios by providing custodial services for a wide range of alternative assets, including real estate, precious metals, and private equity.


Exploring your financial future's security means knowing who manages your investments. New Direction Trust Company excels in Self-directed IRA services, capturing investors eager for diversification and control. With expertise in assets such as real estate and precious metals, its appeal to shrewd investors is evident.

However, as these IRA custodians oversee substantial assets, one wonders if the advantages of their unique services outweigh the downsides and complexity.

Key Takeaways

  • New Direction Trust Company specializes in self-directed retirement accounts, offering a wide range of alternative investments like real estate and precious metals.
  • The company provides a user-friendly online platform for easy account management and transactions.
  • Clients benefit from extensive educational materials like webinars and tutorials to navigate self-directed investing.
  • The knowledgeable team offers reliable guidance, helping clients make informed investment decisions.
  • The company maintains strict regulatory compliance and robust security measures to protect assets and personal information.

Compare Other Top Gold IRA Companies:

Fees: None

Min. Investment: $25,000

Fees: $180/year

Min. Investment: $5,000

Fees: $225/year

Min. Investment: $2,000

Comprehensive Background of New Direction Trust Company

Diving into New Direction Trust Company's journey reveals much about its core and strategy within the IRA realm. Its focus on transparency and growth in alternative investments marks a strong position in the industry. Through leadership and investment solutions, the company makes a significant impact.

Company’s Origins and Management

Founded in Louisville, Colorado, New Direction Trust Company emerged as a leader under Bill Humphrey and Catherine Wynne. Bill Humphrey’s depth in finance, alongside Catherine Wynne’s expertise in customer relations, sets a solid foundation. They've built a company that guides both newcomers and experts through retirement’s complexities.

Specialization in Self-Directed IRAs

New Direction Trust Company excels in self-directed IRAs, offering investment choices beyond stocks, like real estate. Clients can tailor their retirement savings to fit personal goals and risk appetite. This opens up avenues for potentially higher returns with New Direction's diverse options.

Strategic Approach to Alternative Investments

The company’s embrace of investment diversity underscores its dedication to broadening client portfolios. Incorporating alternative assets, it helps clients guard against market swings and grow their assets. This approach not only improves the investment journey but also secures financial futures amid economic changes.

Goldco is an industry leader in the precious metals space, offering a comprehensive approach to protecting your retirement savings in an ever-changing economic landscape.

ABOUT GOLDCO

  • Rated A+ by the BBB
  • Inc. 5000 Aware Recipient, 7+ Years
  • Money.com 2023 Best Customer Service
  • Earned over 5,000+ 5-Star Customer Ratings

Client Choices in Investments and Depositories

New Direction Trust Company provides a wide array of investment choices. This variety meets different investor needs and strategies. Clients can diversify their Self-directed IRA assets effectively with these options.

Investment Varieties Available

At New Direction Trust Company, clients find numerous investment options. These are vital for crafting a customized retirement strategy:

  • Real estate, which includes residential and commercial properties
  • Precious metals like gold and silver
  • Opportunities for private lending
  • Investments in LLCs and partnerships
  • A range of other alternative assets

Depository Options and Implications

Choosing the right depository is essential for IRA investment security and compliance. New Direction Trust Company connects clients with various IRS-approved depositories.

These depositories are leaders in security. They ensure safe storage of investments, meeting all regulatory standards:

  1. Depositories specializing in secure storage of precious metals
  2. Custodians that handle real estate and unique assets

This approach to asset storage personalizes the investment process. It also stays in line with IRS rules.

Analyzing the myDirection Account Access Portal

The myDirection portal, crafted by New Direction Trust Company, serves as a key to simplify IRA management. It's aimed at resolving online access challenges, especially for those with precious metals IRAs. This platform offers effective solutions for tracking, managing, and upkeeping investor accounts with ease.

  • User-friendly Interface: Its design enables straightforward navigation and administration of Individual Retirement Accounts (IRAs). Users can effortlessly check their balances, view transaction histories, and monitor their investment portfolios.
  • Enhanced Security Features: Prioritizing online safety, the portal employs advanced encryption to protect user information and transactions.
  • Real-time Updates: It provides immediate updates and alerts on investments, keeping account holders informed of market changes affecting their investments.
  • Comprehensive Resources: The portal enhances IRA management with valuable resources. This includes educational content and insights on market trends, helping users make knowledgeable investment choices.

In conclusion, New Direction Trust Company's myDirection portal is an exceptional resource for IRA management. It grants users efficiency and control over their retirement savings and investments.

Understanding the Fee Schedule for Gold IRAs

When you're thinking about a Gold IRA with New Direction Trust Company, knowing the costs is key. The fees for Gold IRAs at New Direction Trust Company are designed for different account sizes and activities. This ensures that everything is clear and fair. We'll cover the annual fees and the extra charges for storage here.

  • Annual Fees: A yearly fee applies, varying with your account's balance. For balances up to $100,000, the fee is $75. If your account exceeds $100,000, the fee jumps to $125. This fee structure is transparent, making it easier for investors to plan their finances.
  • Storage Costs: Besides the annual fee, investors are responsible for the storage expenses of their metals. These fees are paid to IRS-approved depositories. Depending on the chosen depository, the cost can vary, as each has its own fee structure.
  • Additional Considerations: Investors should bear in mind that New Direction Trust Company's fees only cover custodial services, not storage. Planning for storage costs is crucial for the security and compliance of your investment.

Grasping both the New Direction Trust Company fees and the separate storage expenses is vital. It enables investors to make choices that match their strategies and goals.

Comparing New Direction Trust Company With Competitors

When we talk about IRA custodian comparison, it's vital to weigh New Direction Trust Company against Equity Trust. This helps us understand their distinct offerings and strategies. Such comparison is essential in today's dynamic landscape of retirement account fees and services.

Fee Structures and Overall Affordability

New Direction Trust Company and Equity Trust employ different approaches regarding retirement account fees. These differences can greatly affect long-term savings. Especially notable is Equity Trust with its simple, flat-rate fee system. This includes storage costs, making it potentially more budget-friendly over an IRA's lifetime.

Market Presence and Reputation Analysis

Over the years, New Direction has carved out a notable market presence and has built a solid reputation. However, it slightly lags behind Equity Trust in terms of industry recognition. Their reputation is founded on consistent service but contends with the aggressive marketing and clearer fee outlines from Equity Trust.

Service Offerings: New Direction Trust Company vs. Equity Trust

  • Investment Options: New Direction boasts a wide range of investment opportunities, attracting those seeking varied portfolio choices.
  • Fee Transparency: Equity Trust's straightforward, flat-rate fee structure may be seen as more predictable by clients, enhancing its appeal.
  • Client Education: Both firms provide valuable educational resources. Nevertheless, New Direction slightly leads with more comprehensive client support materials and online tools.

In comparing IRA custodians, particularly New Direction versus Equity Trust, understanding these subtle differences is key. Each company showcases specific strengths and caters to particular client demographics. This reflects on individual objectives and preferences in retirement planning.

Pros and Cons of New Direction Trust Company

Exploring New Direction Trust Company for retirement requires weighing its services' pros and cons. An analysis below delves into the New Direction IRA benefits and touches on crucial retirement planning aspects. It equally considers the drawbacks.

Pros

  • It offers a broad spectrum of investment choices, crucial for diversified retirement planning.
  • The myDirection portal guarantees an effortless, intuitive interface for investment management.
  • Competitive setup fees place it favorably against many industry rivals.
  • Clients gain access to six distinct IRA depositories, offering flexibility not commonly seen with other firms.

Cons

  • Metal storage costs are extra, not covered by the annual fee, creating added expenses.
  • A sliding scale fee structure may result in higher costs for those with more substantial account balances.
  • High termination fees might discourage switching providers or account liquidation.

This comprehensive view assists in making a knowledgeable choice, considering the benefits and drawbacks. It is critical for future clients to carefully evaluate these elements against their own retirement planning needs.

Conclusion

New Direction Trust Company is known for its strong platform aimed at the growth of retirement savings. However, potential investors should critically assess the impact of its fee structure on their financial plans.

Making an informed investment choice involves looking at immediate perks and long-term outcomes. Important considerations include the services and security New Direction Trust Company provides.

When entrusting retirement wealth to a firm, thorough due diligence is essential. It's important to have a clear understanding of personal investment goals. With the information provided, individuals can make informed decisions regarding IRA custodian selection. They can do so with confidence, ensuring they meet their financial goals with New Direction Trust Company’s secure, innovative solutions.

QUICK SUMMARY

  • Services: Gold Dealer
  • Products: Gold, silver, copper, palladium and platinum
  • Promotion: None

Related Posts


Birch Gold Group Review

Birch Gold Group Review

Legacy Precious Metals Review

Legacy Precious Metals Review

Priority Gold Review

Priority Gold Review

United Gold Group Review

United Gold Group Review