|BCA Accredited Rating||N/A|
|IRA Transfer Process||14 Days|
|401(K) Rollover Process||3-4 weeks|
|Metals Delivery||2 weeks|
|Annual Admin Fees||$150|
|Annual Storage Fees||$95|
|Preferred Custodian||The Entrust Group|
|Preferred Depository||Delaware Depository,CNT Depository,Brinks,Dakota Depository,Idaho Armored Vaults|
|Min Purchase Amount||Not Disclosed|
|Physical IRA Application|
|Digital IRA Application|
|U.S. Mint Listed Dealer|
|Promotions||Same Day Funding|
There are numerous financial decisions that you face over the course of a lifetime, but one of them is of utmost importance, and that is planning for your retirement. One of the most common methods for proper planning is to coordinate an IRA, or Individual Retirement Account. However, due to the recent economic volatility and the lack of a proper recovery, many individuals are finding that their investments in stocks are not as promising as they once were. Therefore, many are now discovering the numerous benefits of investing in gold. According to Bloomberg Personal Finance, the start of 2014 opened with a great deal of promise for gold investing, as “Gold futures jumped the most in three weeks.” One company, among many others, that offers gold investments is The Entrust Group.
Founded by Hubert Brommma, this firm has been operating for over 30 years in locations throughout the United States. Unlike other investment firms, this firm also provides services related to real estate, limited liability corporations, secured and unsecured notes, mortgages, and other areas.
When acquiring an account with this firm, clients open a self-directed account, meaning, clients are responsible for making all investment decisions on behalf of the retirement plan. However, there are account managers and consultants available to the client in case the client requires basic help. Their main purpose is to facilitate the paperwork process. Unlike many gold investment firms, this firm requires that the client choose a metals dealer to purchase the precious metals from. In addition, the client also chooses the metals depository, which is where the investment is held. In terms of the firm’s responsibility, it acts as the IRA custodian, administering the client’s choice of investments and documenting the necessary paperwork. The firm also is involved in other metals accounts, such as a Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA, Individual(K), Health Savings Account, and Educational Savings Account.
When choosing the right firm for your retirement, the necessity of reviewing ratings cannot be undermined. The Ripoff Report’s analysis was very negative, as a client gave an overview of his experience with the firm, claiming it was a scam. In addition, the Wall Street Journal released an article regarding a lawsuit against the company. According to the article, Entrust Group was accused of falsely claiming that their self-directed IRAs were safe. Furthermore, the group failed to perform due diligence and verify the investment managers with which they conduct business.
While this company may seem promising, there are a number of concerns that an investor should have. For instance, while the account managers are available to answer questions, the firm does not properly guide the client. In addition, the company’s ratings with the rating service organizations and the WSJ article outline a precarious situation for those that are interested in investing. When you invest for your retirement, it is best to invest with a trusted and high rated company. On this site, you will find a number of our top recommended companies that are renowned for their outstanding customer support, investment services, and expertise in gold investments.
The Entrust Group Commercial Video
TEG Website Monthly Visitors
The Entrust Group Contacts
|Address:||555 12th Street, Suite 1250 Oakland, CA 94607|