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For 40 years, The Entrust Group has provided account administration services for self-directed retirement and tax-advantaged plans. Entrust can assist you in purchasing alternative investments with your retirement funds, and administer the buying and selling of assets that are typically unavailable through banks and brokerage firms.
March 13, 2018 – Self-directed IRA investors lifted The Entrust Group’s assets under management by 14% to $422 million in 2017.
Strong investor sentiment for alternative assets and real estate drove positive results for The Entrust Group in 2017. The nation’s leading self-directed IRA administrator, profited from its enhanced online presence, buoyed by a strong economic and market indicators.
Overall, Entrust’s assets under administration grew nearly 14% to reach $422 million.
“Like many investors in 2016, our clients benefited from a surging stock market, with one important difference. They have the freedom to augment their traditional retirement savings assets, like stocks and bonds, with a broad array of alternative assets, including private stock, precious metals, real estate, and more,” said Hugh Bromma, Founder and CEO of Entrust.
Alternative Assets and Real Estate Lead Growth
In a year where all of the major stock markets were up, Entrust clients found value in diversification. Entrust processed 3,063 alternative asset transactions valued at $271 million, an increase in volume of 12% and 19% in value over 2016.
Real estate proved its worth as well. Entrust processed 1,1016 real estate transactions, for a total value of $95.4 million. This represents a 7% increase in transaction volume and a 3% increase in transaction values over 2016.
Clients Embrace Online Services
Increasingly, people are embracing technology in their approach to investing and managing their accounts. Entrust is meeting their needs with enhanced online tools that offer convenience, efficiency, and security.
For the third straight year, more clients registered for Entrust’s online portal, a 50% increase from 2016. From online application (50% now apply online in as little as 10 minutes), to updating personal and beneficiary information, more than 1,000 unique users log on daily.
On average, Entrust can now process electronic payment authorization letters in a single day. The entire real estate buy direction letter process, including initial application submission, document execution, and payment authorization, can now be done online.
Additional enhancements are underway in 2018. They include automating the buy/sell process for alternative assets and opening a portal tailored for business-to-business customers.
About The Entrust Group, Inc.
For 36 years, The Entrust Group has provided account administration services for self-directed retirement plans and has been an acknowledged authority in the field. With locations throughout the US, Entrust's team of professionals are regularly examined to ensure compliance with current state and federal banking requirements, and keep up-to-date by participating in ongoing educational programs to ensure that they share the most accurate information with clients. For more information about The Entrust Group, or self-directed IRAs, please visit www.theentrustgroup.com.
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