A new self-directed IRA aims to modernize retirement investing by empowering investors to mix traditional and alternative investments within the same account.
More than four in ten U.S. households own individual retirement accounts, amounting to 55.5 million households, according to a recent report.
Equity Trust Company has launched its Universal IRA which it says is setting a new standard for flexibility and growth potential in retirement planning and make modern portfolio diversification easier than ever.
"After 50 years of helping investors reach their retirement goals, we are excited to introduce the Universal IRA, an offering designed to meet the evolving needs of today's investors," said George Sullivan, CEO of Equity Trust. "This revolutionary IRA combines the stability of traditional investments with the expansive possibilities of alternative assets, providing our clients with a powerful tool to build a more resilient and diversified retirement portfolio."
With a single login investors can access asset classes including real estate, private equity, and cryptocurrency, alongside stocks, mutual funds, and other traditional asset classes, which the firm says removes the need for accounts at multiple IRA companies to achieve true diversification.
Equity Trust Company has more than $52 billion in assets under custody and administration and is offering the Universal IRA to both new and existing clients.
Last year, private market investing platform Yieldstreet announced a strategic partnership with Equity Trust in a bid to simplify adding alternative investments to individual retirement accounts.
Mercer, Focus Partners Wealth, Mariner, Creative Planning and Captrust top the leaderboard tracking AI search results for RIA firms.
"We believe this model will help younger investors – and any investors who value a hybrid advice experience,” said Ryan Robson, principal at Edward Jones.
Conte Wealth Advisors reportedly has $1.4 billion in client assets and 20 advisors.
The Cleveland-based RIA's latest tie-up extends the firm's national footprint into the Golden State, where opinions continue to be split over a contentious billionaire wealth tax proposal.
Meanwhile, Cetera has welcomed a family-run practice from Commonwealth, and a Merrill advisor joins an existing UBS team in Connecticut.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
