Help - Search - Members - Calendar
Full Version: Which trust company will hold non-traded stock?
BenefitsLink Message Boards > Retirement Plans > IRAs and Roth IRAs
PeterGulia
Does anyone have suggestions of a trust company that is available to serve as directed trustee of a Roth-IRA that will invest in all of the original stock of a company founded by the Roth-IRA participant. The participant is prepared to deliver a law firm opinion that there is no prohibited transaction. The participant is willing to give the trust company any reasonable protection from liability for acting on the participant's instruction.

------------------
mcdonnell
Try Lincoln Trust Co. in Denver.
PeterGulia
Thank you for your suggestion.


------------------
Dave Baker
Also: Sterling Trust Company in Waco, Texas.
PeterGulia
Thanks for the further choice.


------------------
dkb1955
I would be interested in having a copy of the opinion letter. It's nice to know others are out there in the same boat of enhancing returns in Roth IRA's by investing in non publicly traded securities.

We have been using Entrust Administration, Inc as the custodian for such types of transactions.
This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.
Invision Power Board © 2001-2012 Invision Power Services, Inc.