The Entrust Group Company - 2.8 Total Stars

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About The Entrust Group

For nearly 40 years, The Entrust Group has provided account administration services for self-directed retirement accounts 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.

1982

Hubert Bromma –  Founder and CEO

Gary Kowalski – Chief Financial Officer

Nikita Brodskiy – Chief Strategy Officer

John Paul Ruiz – Director of Professional Development

Tim Smith, Ph.D. – Director of Operations

Assets Under Management 

$3.6 billion 

 

Company size 

56 employees 

 

Number of clients 

22,000 

 

History 

1982 – The Entrust Group is founded 

1992 – Incorporated 

2012 – Entrust ends franchise program 

2012 – Launches dedicated office and website for precious metals 

2014 – Entrust partners with the SavedPlus app to help users save for retirement 

2016 – The Entrust Group launches its first IRA Academy Event 

2017 – Entrust Group integrates eMoney Advisor 

2018 – Entrust opens a dedicated trust company, The Entrust Trust Company (TETC) 

 

Services 

Entrust provides all of the standard functionality associated with Self Directed IRAs. 

  • Account administration services   
  • Administer the buying and selling of all Self Directed assets 
  • Preparation and submission of required forms to the IRS including Form 1099-R and annual Form 5498 

 

Unique Services 

The Entrust Group offers a number of unique services that are not shared by most other Self Directed IRA companies. 

  • Ongoing educational programs 
  • IRA Academy – Entrust’s IRA Academy is a venue where financial and banking professionals can receive specialized training. It is certified by the Institute of Certified Bankers (ICB). 
  • Local representation – Although not fully local, Entrust does offer regional office support in Santa Monica, CA, Oakland, CA, Nashville, TN, and  Hackensack, NJ. This is distinctive as most Self Directed Retirement providers normally service a national clientele from one centrally located headquarters. 
  • B2B Programs – Over the past few years, Entrust has made a push to establish a presence in the B2B community. This includes business clients who have a hand in directing their clients’ investments (e.g. financial planners), as well as businesses who encourage private investment via the use of Self Directed IRA funds.  Entrust offers a number of enhanced options to its business clients. 
    • Increased client support 
    • Marketing and branding support including cobranding opportunities and marketing collateral 
    • Discounted fees 
    • Increased educational opportunities 
    • Dedicated advisor portal that allows for hands oversight of clients’ accounts 
  • Enhanced Client Portal – This recent innovation allows for real time asset management and account management. 

 

Process and Timeframe 

  • The Entrust website indicates that opening a new account should only take about ten minutes. The information that you need to have available to open a new account includes: your social security number, birthdate, legal address, digital copy of identification, credit card information, and your beneficiary’s name and social security number. 
  • To open the account, you can either download a New Account kit or you can visit a local office in person. 
  • After opening the account, funding takes place which can be accomplished either via a rollover from an existing account or by making an initial contribution.
  • The next step is to actually invest. The account holder has sole decision making ability regarding which asset to invest in. Once an asset is decided upon, the account holder contacts Entrust to facilitate the transaction. 

 

Fees 

These are the fees currently listed by Entrust. Keep in mind that fees change and some fees will have limitations or conditions. It is always best to check in with a live representative at Entrust before performing any transaction. 

  • Account Establishment Fee (one time) – $50  
  • Annual Account Recordkeeping Fee: Asset Based (quarterly) –   Alternative Assets: $299/asset, Non-Recourse Loans: $199/asset, Precious Metals: $150/year (unlimited assets)Crowdfunding$150/year (unlimited assets) 
  • Annual Account Recordkeeping Fee: Asset Value Based (quarterly) – Ranges from $199 – $1,995 
  • Standard Asset Transaction (e.g. purchase or sale) – $95 
  • Real Estate Transaction – $175 
  • Real Estate Transaction with Non-recourse Loan – $250 
  • Precious Metals Transaction – $0 
  • Crowdfunding Transaction – $0 
  • ACH Transfers – $0 
  • Wire Transfers – $30 
  • Overnight Delivery – $30 
  • Check Processing – $10 
  • Bank Check processing – $30 
  • Expedited Transactions – $150 
  • Returns – $30 
  • Stop Payments – $30 
  • Reregistration of Assets – $100 
  • Specialized Research or Transactions – $150/hour 
  • Account Termination – $250 

Location

555 12th Street
Suite 900

Oakland, CA 94607

Contact info

Phone: 800-392-9653

Email: TEG@theentrustgroup.com

Hours

8:30 a.m. to 5:00 p.m. PST, Monday through Friday.

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