Ranked 3rd out of 10
37 total reviews
About Goldstar Trust Company
As a self directed IRA custodian, Goldstar Trust facilitates non-traditional transactions, which enable IRA investors to reach their financial goals.
John Johnson – Senior Vice President – Business Development
Dave Schnierle – Senior Vice President – Business Development
Matt Peakes – Vice President – Business Development
Assets Under Custody
Number of Clients
Products and Services
Goldstar Trust offers a wide variety of Self Directed IRA related products and general trust services. Here is a partial list.
Self Directed IRA – Goldstar Trust performs all the standard duties of a Self Directed IRA Trust company including account opening, custodying assets, and executing investment requests.
International Bank Accounts – Goldstar allows Self Directed investors to utilize international bank accounts as a retirement asset. Income producing products include CDs, bonds, mutual funds, and securities. Products that are not permitted include investments done on margin, futures, and options.
Auto Rollover IRA – Goldstar offers companies complimentary services for handling retirement accounts of past employees. This involves tracking down the employee, performing all necessary reporting, and holding the funds. Companies often opt in to such a service to get rid of the administrative burden associated with old employee accounts.
Crowdfunding – Goldstar Trust offers Self Directed investors the opportunity to invest in crowdfunding projects within a retirement plan. Additionally, Goldstar offers a crowdfunding escrow service. This provides a legal holding place for donor funds until the funding goal is met.
Church Bonds – Church Bonds work like standard bonds, but with the dedicated aim of building or renovating an existing church. Goldstar functions as the trustee, registrar, and paying agent for these bonds.
Most Self Directed IRA Trust Companies provide a standard list of assets that an investor may not purchase. (These include collectibles and life insurance settlements.) In contrast, Goldstar Trust offers a list of approved assets. These include:
- Precious Metals
- Perth Mint Certificates
- Swiss Annuities
- Approved International bank Accounts
- Crowdfunding Investments
- Real Estate
- Mutual Funds
- Hedge Funds
- Publicly Traded Securities in U.S.Exchanges
- Privately Offered Stock
- Brokerage Accounts
- REITs (public and non-traded)
- Structured Cash Flows
- Secured Promissory Notes
- Church Bonds
- Charter School Bonds
- Church Loan and Extension Fund Investments
- Fixed-Rate Investments
- Bank Certificates of Deposit
- Money Market Funds
- Secondary Market Annuities
- Limited Liability Comp
Goldstar Trust charges a variety of standard and asset based fees. Here is a partial list of the most common.
Account Establishment (One-time fee)
Standard Account – $25
Real Estate – $50
Precious Metals – $50
Standard – $65
Real Estate – $200 (for assets ranging from $0-$200k) $300 (for assets worth more than $200k)
Precious Metals – $75 – $275
International Bank Accounts – $75 – $275
Church Bonds – $45
Annual Holding Fee
Hedge Fund – $50
Precious Metals (depository storage) – From $100 and up
International Bank Account – $200
Real Estate (purchase/sale) – $100
Precious Metals (buy/sell) – $0
International Bank Account (purchase/liquidation) – $75
Wire – $25
Overnight – $25
Research Assistance – $50/hour
Full Termination – $100
Recharacterization – $40
Late Fee – $25
Hours: Monday – Thursday 7 am – 5 pm CST, Friday 7 am – 4 pm CST