The Entrust Group Releases Q1 2012 Growth Results
The Entrust Group, the industry leader of account administration services for self-directed retirement plans, today announced it has seen a 24.94 percent growth in new accounts throughout the first quarter of 2012 compared to last year’s first quarter.
April 18, 2012— The Entrust Group, the industry leader of custodial services for self-directed retirement plans, today announced it has seen a 24.94 percent growth in new accounts throughout the first quarter of 2012 compared to last year’s first quarter.Highlights:
- Traditional IRA ranks as most popular retirement plan for individuals
- Real estate ranks as most popular investment choice for IRA holders
- 401(k), ESA and SIMPLE among the highest growth of individual retirement plans
- Precious metals and LLCs among the highest growth of investment options for investors
“Investors are beginning to realize that true self-direction doesn’t just mean that one may select from a list of stocks, bonds, or mutual funds, for example, but also that one may invest in any asset legally permitted by the IRS. As a result, people are looking at self-directed IRA options more closely, especially given our current economic state,” says Hubert Bromma, CEO and founder of The Entrust Group.
Although more than half of new accounts opened at Entrust are Traditional IRA plans, there has been a significant increase in 401(k) plans (17.81%), SIMPLE plans (17.65%), and ESA plan (15.58%) between January 1st to April 1st.
Real estate continues to rank as the most popular alternative investment choice for Entrust account holders, but not far behind are the number of investors choosing to direct their retirement funds into precious metals (15.16% increase over Q1) and LLCs (a 13.59% increase over Q1).
Bromma adds that “the Investment Company Institute reports that US investors hold approximately $4.7 trillion in IRAs, and only about 2% of that is invested through self directed IRAs. I see this percentage increasing as individuals become more aware of the many alternative investment choices available. We certainly have seen the growth first-hand at Entrust with the number of new accounts that have come in during the first part of this year.”
The Entrust Group is also growing as company. A new office in St. Louis, MO will open its doors this summer. Currently, it has offices
located in California, Massachusetts, and Washington.