|BCA Accredited Rating||N/A|
|BBB Accredited Rating||A (On a scale of A+ to F)|
|IRA Transfer Process||10 Days|
|401(K) Rollover Process||21-28 Days|
|Metals Delivery||7-10 days|
|Setup Fees||$75 + Fees|
|Annual Admin Fees||$145|
|Annual Storage Fees||$150|
|Preferred Custodian||Self-Directed IRA Services|
|Preferred Depository||Delaware Depository|
|Min Purchase Amount||Not Disclosed|
|Physical IRA Application|
|Digital IRA Application|
|U.S. Mint Listed Dealer|
Preparing for retirement or even being retired does not mean that you are looking to stop making money. For many, retirement simply indicates the willingness to start on a new financial adventure. If you are looking to invest your retirement savings in a business, it is always best to use a self-directed IRA service. One such service that has focused on using these accounts to create start-ups is Provident Trust, a company that has seen great success while experiencing a few rough patches.
Provident Trust History
A relatively young company, Provident first opened its doors in 2003 with a particular goal of helping individuals use their self-directed IRAs as funding sources for opening new businesses. The company began its major expansion in 2006, stopping only briefly in 2009 when it ceased finance services in order to check to make sure that its business model did not violate any IRS regulations. As one of the retirement account companies that came out of the financial crisis in relatively good health, Provident remains a leader in retirement investing.
Provident Trust has a stellar reputation when it comes to handling finances. It currently sits at a ‘A’ Better Business Bureau rating, and maintains a spot as an industry leader in the retirement accounts sector. The company strongly encourages its clients to do their due diligence before investing, boasts a remarkably well educated and knowledgeable client base. The company’s strong focus on using retirement funds to start new businesses can be a major asset for some retirees, and the ability to work with self-directed IRAs does provide a great way for many to make money.
Provident’s reputation is largely positive in the financial community, but there have been a few pertinent customer complaints. The most common complaint has to do with the billing process – it is far from user-friendly, and can often lead to debits on an account without prior authorization in some circumstances. Consumers have also complained about general difficulties in dealing with the company, including having some problems in accessing their own 401(k) accounts.
While the company’s 2009 issues with the IRS (and subsequent halting of 401(k) rollover sales) may be in the past, it is also important to note that the issue does shed light on the character of the company – running afoul of the IRS is not something you want in an investment company of any sort. Again, those issues have largely been resolved but should serve as a warning.
Is Provident Trust a good company with which to invest? Yes, of course. While not all customers are satisfied, its success does speak for itself. With that said, it is far from the best in the industry. Feel free to read more of our exclusive reviews on the rest of the gold firms today.
Provident Trust Website Monthly Visitors
Provident Trust Contacts
|Address:||8880 W. Sunset Rd., Ste 250, Las Vegas, NV 89148|