Strata Trust Company - 3.3 Total Stars

Ranked 2nd out of 10

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About Strata Trust Company

Based in Texas and formerly known as Self Directed IRA Services, Inc., STRATA has strategically realigned to support a broad range of investment professional partners in growing their SDIRA assets. They take pride in empowering investors to reach their retirement goals by providing custody of alternative investment IRAs as well as traditional assets.

2008
Kelli Click –  President

Jeff Thompson – Chief Operating Officer

Will Pascarella – Chief Technology Officer

Michele Maruri – Chief Financial Officer

Assets Under Custody 
2 billion 

Company size 
50 employees 

Number of clients 
35,000 

History 
Strata Trust is the rebranded name of Self Directed IRA Services Inc. Self Directed IRA Services was originally founded in 2008 as a subsidiary of Horizon Bank, SSB. It functioned primarily as a trust company for individual investors who wanted to open a Self Directed IRA. Then, in 2010 it launched institutional services which were aimed at financial professionals whose client base could utilize a self directed platform. In 2017 the company rebranded as Strata Trust. 

Services 
Strata Trust offers all of the standard Self Directed IRA services These include: 

  • Offering the standard self directed retirement plans:  Traditional IRA, Roth IRA, Beneficiary IRA, SEP IRA, Simple IRA 
  • Processing documentation for contributions, transfers, and rollovers 
  • Executing investments  
  • Ensuring that assets are properly registered 
  • Performing relevant tax reporting 

Areas of Emphasis 
In addition to servicing individual clients, Strata Trust also emphasizes the fact that they service the professionals who deal with individual clients. Strata offers individual presentation for the following professionals: 

  • Financial advisors and broker dealers 
  • Real estate professionals 
  • Precious metals brokers  
  • Investment issuers and product sponsors 

Unique Services 
Strata Trust offers a number of services or features that are not always found by other Custodians. 

Investment of unused client funds – If a client has funds in their account that are not currently being invested, Strata will deposit those funds into an interest-bearing account. This Custodial NOW account is held by Strata’s parent company, Horizon Bank, and/or by other specially selected financial institutions. While the funds are in that account, they enjoy FDIC coverage up to $250,000. 

Calculators – The Strata Trust website provides a variety of useful calculators that pertain to self directed retirement plans. These include: 

  • Taxable vs. Tax Deferred vs. Tax Free Investment  
  • Required Minimum Distribution (RMD)  
  • 72t Distribution Limit 
  • Traditional IRA Calculator  
  • Roth IRA Calculator  
  • Roth IRA Conversion Calculator 
  • Roth vs. Traditional IRA Calculator 

Process and Timeframe 
Strata Trust utilizes a standard process for the Self Directed IRA account setup.  This includes establishing the account and funding it either via rollover, direct transfer, or an initial cash contribution. Some of the time frames mentioned on the Strata website include: 

  • Direct Transfer: 10-14 days 
  • Direct Rollover: 2-6 weeks 
  • Open a Self Directed account: As little as 1-2 days 
  • Cash-only Transfer: 3-5 business days 
  • Receive In-Kind distribution: 3-10 business days 

Location 

7901 Woodway Drive  

Waco, TX 76712 

 

Contact info 

Phone: 866-268-9218 

Email: service@stratatrust.com 

Fax: 512-495-9554 

 

Hours 

Monday – Friday 

8:00am – 5:30pm Central Time 

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