Equity Trust Company

Equity Trust Company Review

Are you one of those IRA investors looking for higher returns and more diversification? If yes, then you know how many IRA investors are turning to self-directed IRAs. That’s because it enables investors to own assets beyond the typical ETFs, bonds, stocks, and mutual fund investments that could be held in a traditional IRA.

Did you know that by investing in such assets in real estate, cryptocurrencies, private loans, foreign currencies, precious metals, closely-held businesses, and commodities, self-directed IRA investors who are eager to assume more risk can possibly earn much higher returns?

Nonetheless, S self-directed IRAs aren’t for everybody. They provide businesses and investors more flexibility and control over their investment options, but they need a higher level of investment savvy and knowledge well beyond the capacity of many investors.

Further, compared to traditional IRAs that are fairly effortless, setting up, managing, and investing in those can be complex. That’s why it’s essential to work with a private equity investments company that has the resources and experience to guide you throughout the process.

In today’s article, we will be reviewing Equity Trust Company using different key criteria like maintenance fees, investment options, annual fees, ease of account setup, and customer service, among others. Are you ready to find out more? If yes, then let’s get started!

Reminder: Keep in mind that investors should do their due diligence on a self-directed IRA business prior to moving their funds into it. Not only do those accounts could have more strict and rigorous rules, but the industry attracts fraudulent organizations that prey upon individual investors.

Equity Trust Company logo

Equity Trust Company has been a self-directed IRA provider since 1984, with more than $34 billion in invested alternative assets. Take note that Equity Trust Company has forged the ideal combination of excellent customer service, investment opportunities, and positive experience to stand out as one of the best self-directed IRA companies.

What to Expect from Equity Trust Company?

In the extremely competitive self-directed IRA arena, experience always counts. Fortunately, Equity Trust has a lot of it and does an amazing job. The company puts its perception to work in making a well-rounded offering supported by excellent service, making it everyone’s option as the ideal self-directed directed IRA company.

The initial foray of Equity Trust into self-directed investing is focused on real estate IRA. Since then, it has branched out into the full spectrum of alternative investments, including cryptocurrency, foreign currency, tax lien certificates, precious metals, and private equity, among others.

Equity Trust is also established as a securities company, providing self-directed IRA investors access to mutual funds, stocks, and ETFs.

The administration fees of Equity Trust Company range from $225 to $2,250, depending on the number of investments or size of the self-directed account. However, they are a bit higher compared to their peers. On top of that, the company does not charge more fees, which makes it more cost-effective for investors who expect more than a few transactions in their IRA accounts each year.

Take note that the IRA account setup fee is $50. It will be $75 if you set up the account with a paper application.

The only downside to Equity Trust Company is that it does not provide checkbook control. What’s more, clients need to issue directions to Equity Trust to finance funds from their accounts. That can be annoying and troublesome for investors who wish for more control over their money, but they can also access over 400 financial professionals to facilitate their transactions. They answered calls promptly

Apart from Equity Trust’s specialists who are accessible to help clients throughout the account setup, investing, and maintenance process, Equity Trust Company offers great educational tools to help investors understand their investment choices by giving investment advice on their financial future.

How to Create an Account with Equity Trust Company?

open account

Here are the simple steps you can take to become a gold member of this company.

1. Open an account

With your myEQUITY application wizard online, you can start opening an account in less than ten minutes. You’ll find a guide on the steps you must follow to give your personal data and fund your account.

Sign using eSignature and send the applications. Accounts are open within 3 business days, but it may take a little while if any clarifications are necessary. Their website is very user-friendly, so you won’t have a hard time making an account.

2. Fund your account

You can pay your account through the pay wizard via out-of-pocket contribution, rollover, or transfer.

3. Invest

For the final step, you will have the flexibility and freedom to direct each investment for your accounts. That allows you to diversify your selection with both alternative and traditional assets.

You can also utilize the transaction launcher or the intuitive wizards on myEQUITY to send your request for the investment direction. What’s more, you can utilize the transaction tracker to track any transactions from your own devices. How cool is that?

Products Offered at Equity Trust Company

educational savings

Here is the list of excellent services you can expect when you start working with the Equity Trust company:

  • Coverdell Educational Savings Account

This enables customers to save for future and existing educational costs in a tax-friendly account. Any money obtained from the account becomes tax-deferred. That means even when a user utilizes distributions for qualified expenses. They are 100% tax-free.

  • Health Savings Account

This account enables a user to save for future and existing health expenses in a tax-friendly setting while reducing their health insurance premiums. Equity Trust Company offers tax advantages with this account, including potential tax deductions, qualified tax-free expenses, and growth tax-deferred. This surely can help users with their investment freedom, reducing their stress level.

  • Roth IRA

In case you didn’t know yet, a Roth IRA enables investors and businesses to make necessary contributions through after-tax dollars and doesn’t have any tax deductions. That helps businesses and investors’ money become tax-free and allows them to withdraw their earnings free of any tax.

  • Traditional IRA

This enables a business or investor to make contributions via pre-tax earnings. Take note that traditional IRAs might also have a tax deduction even though investment profits are tax-deferred until a business or investor withdraws them from the account.

Pros and Cons of Equity Trust Company

Here is the summary of the positive experience and negative experiences many investors experience from this company:

Pros

  • They provide access to traditional and alternative investments such as precious metals, mutual funds, ETFs, bonds, and stocks
  • They support investors through their 400 specialists
  • There are no transaction fees asked

Cons

  • There is no checkbook control
  • There is a fee issue with administrative fees that are on the higher end of the spectrum
  • They are not recognized by the Better Business Bureau

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Equity Trust Company Reviews

Upon conducting thorough research, we have discovered different positive reviews and bad reviews on Equity Trust company. Others believe they are one of the worst companies out there, saying they get not much success from it. Others said that it promises to sound good but will only disappoint you in the end. They said they are the worst company and offer terrible service.

However, there are many people who are extremely pleased with using the products and services from Equity Trust Company. Most users value the diversity in the products they can invest in using one account.

Also, most clients are happy about the support and professional advice they receive from the team and how skilled they are. Clients who gave the low rating and bad reviews mostly complained about the deposit process, mortgages, and the companies who write contracts for Equity Trust Company.

Should You Use Equity Trust?

Most traditional organizations will limit traditional investments with your IRA. Nonetheless, Equity Trust gold members can invest in various options, either alternative or traditional, like bonds, stocks, private entities, cryptocurrency, real estate, precious metals, and mutual funds.

While you also have control over your investments, the company guarantees you access to their professionals. They are client-focused and experienced, always there to provide you with bespoke services when you need them.

Unlike other custodians, Equity Trust has an online marketplace, which makes it simple for you to find investment opportunities that suit your needs. There’s no doubt that Equity Trust continues to be a company that is relied upon by businesses. Their competency level is amazing and has a more serious commitment to keeping their client’s happiness quotient intact.

Final Thoughts

To sum up, Equity Trust Company is a reliable company, ideal for savvy and experienced investors who are not happy with the diversifications or returns available through traditional investments like retirement investments.

Investing in alternative investments provides you a chance to earn higher returns and more money but take note that they come with commensurate risk. Also, most alternative investment options are limited to businesses and investors with a higher net worth or income. Still, there are plenty of options accessible to small business investors, but their responsibility is to understand the risks.

We hope you find this review on Equity Trust company useful and informative at the same time. We wish you the best of luck on your journey, and God bless!

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