The Entrust Group proves to be a well-regarded account administrator for tax-advantaged plans and self-directed retirement accounts. They boast more than three decades of experience in the industry, as well as around $4 billion in assets under administration. A key selling point is that they offer more traditional office locations than any of their rivals in the self-directed IRA administration and custodian business. From these branches, they deliver plans for both individuals and businesses.
The Entrust Group is ranked #5 on our list of the top 10 IRA custodians of 2020. In the following review, we’ll discuss this custodian’s business background, management, reputation, products/services, and their fees for a precious metals IRA.
The Entrust Group (www.theentrustgroup.com/) is a
The company's Founder and CEO is Hubert Bromma, a pioneer in the field of self-directed IRAs with nearly 5 decades experience in the financial industry. Mr. Bromma's expertise includes banking, real estate, alternative investments, financial institution consulting, and mergers and acquisitions. The company's president is Jason Craig, former Assistant Vice President at Greater Bay Bank. Mr. Craig has nearly 15 years experience in the financial services field. To learn more about The Entrust Group's Management, see The Entrust Group Team page.
The Entrust Group offers custodial and administrative services to investors interested in adding alternative investments (such as precious metals or real estate) to a self-directed IRA. They provide plans tailored towards individuals (Traditional and Roth IRAs) and businesses (SEP IRAs, and SIMPLE IRAs). The following screenshot from their Precious Metals Dee Disclosure form effectively summarizes their account pricing:
Take note of the fine print above the Termination Fees heading. The Entrust Group is not partnered with any depositories, and they do not include storage fees within the $150 annual recordkeeping fee, but the storage costs charged by your depository will be billed directly to your account. Thus, the overall cost of owning a precious metals IRA with The Entrust Group will depend on the annual fees charged by your preferred depository. It's always best to choose a storage provider that charges a flat-rate storage fee, as opposed to sliding scale fees that increase with the value of the account. Also keep in mind that some custodians include the cost of storage within their annual fees. To learn more about The Entrust Group's fees for a precious metals IRA, see their complete fee schedule.
The general consensus is that investors should be looking to allocate about 5%-20% of their overall retirement portfolio towards precious metals. This portion of your portfolio is intended to fulfill two primary purposes – its acts as a rather predicable and effective hedge against inflation (when the inflated dollar's value decreases, the value of gold typically rises,) and it provides the opportunity to boost the value of your retirement savings multiple times over in the event of another recession or depression (which could dramatically increase the demand for and price of gold).
What does all this ultimately mean? It means you should be extra careful about how you invest that seemingly small portion of your portfolio, as it could wind up becoming the most important investment you can make for your retirement in the long-term.
Fortunately, we've made it easy for anyone to conduct their own research and compare the leading Gold IRA companies and top IRA custodians. Our guides and comparison charts provide convenient resources from which to research how Gold IRAs work and which companies are the most trusted and cost-effective service providers and bullion dealers.
If you're an owner, representative, or associate of The Entrust Group and you've found any of the details in this review to be erroneous, misleading, or outdated, please do contact us with your concerns. With the intent of providing the most accurate reviews on an ongoing basis, we will gladly revise or remove any content that is outdated or incorrect.
While building this year's list of the top 10 IRA custodians, we considered a total of 37 different companies before narrowing down the candidates presented in the finalized custodian comparison table. We've made it easy for anyone to conduct their own research regarding the history, features, reputations, and fees of the leading precious metals IRA custodians. Each company has been thoroughly researched and ranked based on the following factors:
In addition to excelling in the above aspects, Equity Institutional also ranked as the #1 custodian this year because of their partnership with Regal Assets, the #1 company on 2020's list of the top Gold IRA companies. Equity Institutional partners with bullion dealers, brokers, and investment firms to bring retirement investors cost-effective, streamlined access to precious metals IRAs. While it is possible to setup an account with Equity Institutional directly as an individual, there are numerous benefits associated with opening your account through Regal Assets, including:
If you'd like to learn more about the advantages of opening an Equity Institutional precious metals IRA through Regal Assets, see the full review of Regal Assets. You can also access Regal Assets highly informative investor's education kit that teaches you everything you need to know about investing in a Gold IRA by filling out the simple form below. Even if you don't plan on investing any funds right now, we strongly recommend you consider the content presented in their FREE information kit before making an investment decision in the precious metals industry.
Unsure about which Gold IRA company to choose? Let us match you based on your situation and objectives by taking this 1 minute quiz:
The Entrust Group proves to be a well-regarded account administrator for tax-advantaged plans and self-directed retirement accounts. They boast more than three decades of experience in the industry, as well as around $4 billion in assets under administration. A key selling point is that they offer more traditional office locations than any of their rivals in the self-directed IRA administration and custodian business. From these branches, they deliver plans for both individuals and businesses.
Gareth Davies
August 12, 2018 at 7:32 pmWe used the entrust group to convert our ira to a aelf directed ira as we were instrucred to do so by Tony Taverrite of Professional Land Corporation. It turned out to be a big mistake. The lot we purchased in tract 8223 for $74, 228 dollars has a real value of about $1600. The $1600.00 is what the scammers pay for them at county auction. It turns out we got the asian price. The white cuatomers only pay $30,000. They still get ripped off, but not as bad as the asian customers. My wife (now ex) was Cambodian and all the asian last names are $74,228 or higher in tract 8223. I am referring to sales by Professional Land Corporation in tract 8223 dating back to 2007 when we made our purchase. It turns out that rhe entrust group is involved with other land fraud companies and was named in lawsuit(s) regarding ponzi schemes. Be careful with your ira money and be careful of this company.