January 1, 2012 - The Entrust Group, the industry leader of administrative and record keeping services for self-directed IRA retirement plans, today announced that as of January 1, 2012 it will end its franchise program. The decision to no longer maintain this program was reached in August 2011 by a consensus of the advisory board of Franchise Owners and the board of directors of The Entrust Group, Inc. All franchise offices will cease to operate under The Entrust Group name. Entrust Administration, Inc. offices, which are corporately owned and located in California (Oakland, Sacramento, Los Angeles, Orange County, and San Diego), Washington, Oregon, and Massachusetts, will now operate as The Entrust Group; it’s administrative and operational services will be unaffected by the dissolution.
“The discontinuance of our franchise program is more than a change,” says Hubert Bromma, CEO of The Entrust Group. “It’s an enhancement that will allow us to focus more of our resources and energy on providing our clients outstanding services and education, and also staying abreast of the regulatory environment and changes required by our regulators.”
The Entrust Group will continue expanding their office presence in order to continue providing its clients local service, something to which it’s deeply committed. “We have developed plans to grow and open new offices nationally as well as internationally. Our first international office opened in Hong Kong this year and we will open three national offices in 2012,” states Bromma. By the end of next year, The Entrust Group will operate 11 offices throughout the United States.
Within the first quarter of 2012, The Entrust Group also plans to introduce innovative systems that will provide clients with enhanced educational platforms and online transactions. In addition, The Entrust Group will continue to provide the same exemplary service, due diligence, and account administration it has provided investors for over 30 years.