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Vantage IRA Review
- Vantage IRA
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Review Summary:
Vantage IRA is the company formerly known as Entrust Arizona. They are among the foremost self-directed IRA administrators of the southwest United States. With 6,500 clients in house since their beginnings in June of 2004, they are a third party administrator that works with First Trust Company of Onaga. Among their alternative asset choices they offer clients are private lending, real estate IRAs, private companies, and precious metals IRAs. Their annual fees are reasonable but do not include precious metals storage and administration fees.
Vantage IRA is ranked #10 on our list of the top IRA custodians of 2020. In the following review, we’ll discuss this custodian’s history, management, reputation, products/services, and fees.
Vantage IRA, formerly Entrust Arizona (http://www.vantageiras.com/) is one of the leading self-directed IRA custodians in the southwest. The Phoenix, Arizona-based company has managed to amass a client base of more than 6,500 since its inception in June 2004. Vantage IRA is a third-party administrator (TPA) that is partnered with First Trust Company of Onaga (FTCO). Vantage IRA specializes in guiding investors through the process of opening and completing transactions within self-directed individual retirement accounts (IRAs).
About the Management
The Founder and CEO of Vantage IRA is Mr. J.P. DahDah, a graduate of the University of Arizona with multiple degrees in Finance and Marketing. His professional career began in 1997 when he started as a financial advisor working for American Express Financial Advisors, a consistent Fortune 100 company. To learn more about the management and history of Vantage IRA, see their Meet Our CEO page.
Vantage IRA Prices and Products
Vantage IRA specializes in providing custodial and administrative account services that let retirement investors invest in a broad range of alternative assets and account types, including real estate IRAs, private lending, private companies, and Gold IRAs. The following is a screenshot of Vantage IRA's precious metals fee schedule:
Note that the above annual fee of $100 does not include the cost of storage, which is charged at 10 basis points of the total fair market account value, with a $125 annual minimum. Thus, the minimum annual cost of having a precious metals IRA with Vantage is $225, in addition to the setup and other miscellaneous fees. Click here to see Vantage IRA's full fee schedule for precious metals with storage.
Vantage IRA Contact Details
- Address: 20860 N Tatum Blvd. Suite 240 Phoenix, AZ 85050
- Toll-Free Phone: (866) 459-4580
- Local Phone: (480) 306-8404
- Fax: (480) 306-8408
- Email: [email protected]
- Website: http://www.vantageiras.com/
Key Pages From Vantage IRA's Website
- Why Vantage – A brief company overview and educational page.
- Precious Metals Investing – A detailed explanation of precious metals investing and some of the aspects involved in the transaction process.
- How Vantage Works – A list of the company's core values and how they work.
Always Review the Competition Before You Buy
Investing in precious metals within a self-directed IRA is a process that should be carefully researched and well understood by the investor. There are literally dozens of IRA custodians ands hundreds of bullion dealers to choose from, and while most of them are reputable enough to fulfill orders and honor their guarantees, not all companies operate under the same terms and fee policies. Fortunately, we've made it easy for anyone to conduct their own research using comparison lists of the top 70 Gold IRA companies and top 10 IRA custodians.
The main aspects you'll want to compare when choosing an IRA custodian are:
- Fee Schedules – The only way to really know exactly what you're going to pay to open and maintain a precious metals IRA is to examine your custodian's fee schedule. Some custodians charge a sliding scale storage fee, which increases along with the value of your account, while others charge a flat-rate fee that includes the cost of storage.
- Partnered Bullion Dealers – Some of the leading bullion dealers and Gold IRA companies have established partnerships with custodians and are therefore able to waive the custodian's fees in exchange for you buying your IRA-eligible bullion from them. For example, Regal Assets will often waive the custodian fees for the first 1-3 years, depending on the value of the account. By opening an account through a company like this you can streamline the process of setting up the account and stocking it with the appropriate gold products, while also saving money on custodian fees that you would've had to pay if you had signed up with the custodian directly.
With the above facts in mind, we strongly urge you to compare the competition and research your decision thoroughly before making any substantial investments.
Contact Us if You Own or Represent Vantage IRA
If you're an owner, representative or associate of Vantage IRA and you've noticed any information within this review that is inaccurate, outdated, or misleading, please do contact us with your concerns. We strive to provide the most useful and accurate reviews for our readers on an ongoing basis.
Why Equity Institutional is Ranked #1 IRA Custodian of 2020
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:
- preferred/partnered depositories and storage options
- whether storage fees are included in the annual charge – some companies require you to pay storage fees in addition to annual administration/renewal fees
- setup charges and account startup cost
- fee structure – sliding scale annual fees vs. flat-rate annual fees
- company reputation and industry presence
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:
- Regal Assets will waive the first year's setup and storage fees for any account worth more than $10,000. In fact, they may cover up to the first three years' fees, depending on the value of the account. After the account starts to incur charges, the account holder is billed a low flat-rate annual fee (which stays the same regardless of how much gold is stored in the account), as opposed to a sliding scale fee, which increases along with the market value of assets held in the account.
- Regal Assets make it easy to buy eligible gold bullion and have it deposited directly into your IRA
- Best online reputation of any Gold IRA company; A+ rating with the better Business bureau, AAA rating with the Business Consumer Alliance, and 5-star ratings on Yelp, The Yellow Pages, Google= and Trustlinkorg.
- Investors can invest as little as $5,000 initially
- Provides an extensive, industry-leading investor's information kit free to anyone interested (you can access this kit by filling in the simple form at the bottom of this page).
- Offers offshore storage in Singapore through Brinks, which may be the most secure location to store gold in an IRA.
- Regal Assets will buy back any precious metals their clients purchase from them and can have the funds credited to the client's account in less than 24 hours, on any given business day.
- Guides you through the process of learning about precious metals IRA, opening one, and purchasing the appropriate bullion products to store in your newly opened IRA; by far the easiest and most reputable solution to invest in a Gold IRA.
- Exceptional industry reputation highlighted by appearance in Inc Magazine, Forbes, Smart Money, and MarketWatch. Regal Assets even ranked #20 in Inc Magazine's famous Top 500 list.
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.
Pros of Vantage IRA
- They are among the leading IRA administrators with 6,500 clients.
- Annual account administration fees start at only $100.
- The company provides a significant range of alternative investment choices such as private lending, real estate IRAs, private companies, and precious metals IRAs.
Cons of Vantage IRA
- Their fees for precious metals IRA administration and storage start at $225.
- There are other miscellaneous fees involved, some of them sliding scale based.
Vantage IRA Summary
Vantage IRA is the company formerly known as Entrust Arizona. They are among the foremost self-directed IRA administrators of the southwest United States. With 6,500 clients in house since their beginnings in June of 2004, they are a third party administrator that works with First Trust Company of Onaga. Among their alternative asset choices they offer clients are private lending, real estate IRAs, private companies, and precious metals IRAs. Their annual fees are reasonable but do not include precious metals storage and administration fees.
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Loretta McGrath
April 10, 2019 at 5:03 pmI give this company 1 star only because there is no option for a “0” star rating. I was a client of one of their self directed IRA schemes for over 9 years. This company uses their power of filing a 1099R with the IRS frequently and in fact used that power on my accounts on two separate occasions. If you are familiar with a 1099R, it is a very serious reporting of distributed income to the IRS. It took years of time, our CPA and over a $1,000.00 to get the report straightened out with the IRS the FIRST time. They reported a distribution of my self directed IRA even though we paid our account maintenance fees in person at their office. They promised they would not file the 1099R, but did anyway.
The second time, I attempted to close my accounts but they kept dragging the process on then decided I owed them fees even though I requested a closure before the fees were due for the following year. When I called & spoke to their staff, they said I did not owe fees & promised they would not file the 1099R, but they did anyway. They absolutely refused to make any corrections to the 1099R or make a correction to the amount they distributed (it was for far too much & they used an assessment that was 4 years old!). I know this is because I was no longer a “paying customer.” Forget about talking to the CEO and founder JP Dahdah; they guard him like some sort of crime boss. In dealing with the IRS, we found that our accounts were improperly set up as a self directed IRA by Vantage (then Entrust). Thanks for nothing Vantage.