Equity Trust Company 2022 Review • Pros & Cons • Benzinga


A Look at Equity Trust Ratings

Equity Trust Product Offerings

Equity Trust is an IRS-approved depository of alternative assets for retirement and other tax-advantaged accounts. It offers services to individual and institutional investors, with more than 130,000 client accounts as well as more than 10,000 financial advisor partnerships.

Equity Trust specializes in holding alternative investments such as real estate, notes, hedge funds, managed futures, gold and cryptocurrency within various types of tax-advantaged accounts. These can include traditional Individual Retirement Accounts (IRAs), Roth IRAs, Flex IRAs, and 401(k).

Equity Trust was first approved as a non-bank custodian by the IRS in 1983 and has since become one of the most reputable companies in the industry. He has many strategic relationships with many leading gold IRA companies. Equity Trust maintains an A+ rating with the Better Business Bureau.

Equity Trust User Experience

As an IRA custodial service provider, Equity Trust works with individuals, financial advisors, brokers and institutions. Custodians are highly regulated companies that adhere to strict guidelines and standards for depository accounts.

As Equity Trust is a managed depositary, it does not provide tax, legal or investment advice. It also does not sponsor or promote investment products. Instead, it works with investors or their dedicated team to educate, curate self-directed IRAs, and deliver innovative technology.

Equity Trust gives individual investors a way to have more control over their investment and financial goals. Through Equity Trust, they have the opportunity to invest their retirement funds in alternative investments such as real estate, peer-to-peer lending solutions, foreign currencies and cryptocurrencies, in addition to stocks, bonds and mutual funds.

Businesses can open tax-efficient retirement or investment accounts for their employees through Equity Trust, and institutions and investment professionals can better serve their clients through the investment solutions provided by Equity Trust.

Types of Stock Trust Accounts

Equity Trust offers a wide range of investment products and tax-advantaged accounts for individual investors, financial professionals and institutions.

Traditional IRA

A traditional Individual Retirement Account (IRA) is a tax-advantaged retirement account. You contribute in pre-tax dollars and access tax deductions.

Your investments grow tax-free and you can start making withdrawals at age 59.5. You may face a penalty if you choose to withdraw funds early. Withdrawals in retirement are taxed as income, so this account is ideal for people who will be in the same tax bracket or a lower tax bracket in retirement.

Roth IRA

Roth IRAs are similar to traditional IRAs, except these accounts are funded with after-tax dollars. In other words, you’ll pay taxes on your funds now, but retirement withdrawals will be essentially tax-free. You can only contribute up to $6,000 per year if you are 49 or younger. This limit is increased to $7,000 if you are 50 or older.

Simplified employee pension (SEP)

A Simplified Employee Retirement Plan (SEP) offers business owners a way to contribute to their employees’ retirement accounts as well as their own retirement savings. Contributions are generally made to SEP IRAs.

Employee Savings Incentive Plan (SIMPLE)

Employers and self-employed persons can establish this pension plan. It gives eligible employers and employees a way to contribute to a SIMPLE IRA. It’s ideal for small businesses or sole proprietors who don’t have access to a traditional employee retirement plan.

Single 401(k)

Solo 401(k)s are retirement accounts designed for self-employed people and businesses with no full-time employees other than the business owner and his or her spouse. It’s funded with pre-tax dollars and has contribution limits of up to $61,000 in 2022. This limit is increased to $66,500 if you’re 50 or older.

Childcare services

Custodial services, or custodial accounts, are savings accounts opened by an adult for a beneficiary, usually a minor or someone under the age of 21. It is basically an investment account in the name of a child which is managed by an adult and will only become accessible to the minor once they reach a certain age. Deposit accounts can be for education, retirement, or general savings.

Health Savings Account (HSA)

These accounts are tax-advantaged medical savings accounts designed to help individuals pay for eligible medical expenses. Contributions are paid before tax and can be used to cover deductibles, co-payments, coinsurance and other expenses. There are contribution limits of $3,650 for personal coverage and $7,300 for family plans.

Coverdell Education Savings Accounts (CESA)

It is a tax-efficient investment account that helps pay for a child’s future education. Contributions are made before tax and can be used to cover everything from tuition and housing to books. Annual contribution limits cannot exceed $2,000.

Other Resources Available

In addition to investment and savings accounts, Equity Trust also offers the following:

Account management forms

Equity Trust makes managing your account easy. You can access online account forms and track the status of your application in real time.

Forms for professionals

Equity Trust also makes it easy for financial advisors and other investment professionals to manage their clients’ accounts. Industry professionals can access client forms and manage client accounts completely online.

Equity Trust Customer Service

Customers can manage various functions online and from their portal, including billing. There is a wealth of information available on the Equity Trust website, but users can access the support team for further assistance.

Equity Trust maintains a dedicated customer service staff Monday through Friday from 8:00 a.m. to 6:00 p.m. EST. You can get in touch via the toll-free number: 888-382-4727.

In keeping with Equity Trust’s commitment to transparency, the company keeps its phone number directly on the homepage and in the top bar of the site, making it very easy to access.

You can also find the physical address of Equity Trust:

Stock trust company

1 way to equity

Westlake, Ohio 44145

Overall Rating of Equity Trusts

Equity Trust provides custodial services to some of the biggest names in the financial industry, but also extends its offerings to smaller players. Whether you’re an individual looking to have more control over their financial future, or a business looking for the right retirement plan for their employees, Equity Trust has solutions.

It is a trusted player, industry veteran who is also up to date with current market needs. It holds a wide range of alternative investment assets and is a key industry leader in real estate. Most importantly, Equity Trust makes it easy for users to manage their accounts.

Learn more about Equity Trust and how to start investing with the company here.

Equity Trust vs Competitors

Equity Trust’s main competitors are IRA Financial, The Entrust Group and Alto IRA. IRA Financial comes with additional educational resources for new investors, The Entrust Group integrates with more advanced financial planning tools, while Alto IRA maintains lower fees in some areas compared to Equity Trust.

  • securely through the Rocket Dollar Retirement website
  • securely via the Self Direct Investment by JP Morgan website

    INVESTMENT PRODUCTS: NOT A DEPOSIT • NOT INSURED BY THE FDIC • NO BANK GUARANTEE • MAY LOSE VALUE

Frequently Asked Questions

When it comes to protecting your retirement savings, you can never be too careful. Take a look at some of the top Equity Trust FAQs so you can make up your mind.

A

Equity Trust is a financial services company and non-bank custodian that helps individual investors, financial professionals and institutions diversify their investment portfolios.

Q

How is Equity Trust regulated?

A

Equity Trust Company is an IRS approved custodian. They are regulated as a South Dakota trust company and abide by the statutes and regulations for public trust companies mandated by the South Dakota Division of Banking Services. Equity Trust has completed the Service Organization Controls (SOC) report, published by the American Institute of CPAs (AICPA). Its financial statements are audited annually by an independent public accountant in accordance with the professional standards of the AICPA.

Q

What fees does Equity Trust charge?

A

Equity Trust maintains an all-inclusive fee structure. Fees are named based on the size of an investment portfolio. You can view the full list of fees here. There are no hidden fees.

Q

Does Equity Trust provide investment services or act as a financial adviser?

A

No. Equity Trust operates as a custodian and does not provide tax, legal or investment advice. Instead, its goal is to empower investors. However, they work with financial advisors and other investment professionals.

Q

Are my investments insured against loss by Equity Trust?

A

Investing involves risk, including possible loss of principal. As a managed depositary, Equity Trust will not provide investment advice or an assessment of the risks of an investment. In general, you should be wary of anyone implying that an investment is guaranteed by a government agency or financial institution.


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