Increased regulation on IRA advisors could lead to large movement of IRA funds into alternative assets
IRA Financial Group, the leading provider of self-directed IRA retirement solutions, believes that the Department of Labor (“DOL”) proposed fiduciary rules could lead to a stronger interest in alternative assets. The U.S. DOL is expected to finalize new rules that would change the way financial advisors are allowed to give advice to their clients. The new rules are meant to reduce the conflict of interest among broker-dealers and financial advisors who advise consumers on how to invest their savings. Under the new rules, broker-dealers would be required to act in their clients’ best interest rather than encouraging money moves that directly benefit the broker’s bottom line.
According to Adam Bergman, a partner with the IRA Financial Group, the DOL has been concerned that brokers will direct retirement investors to invest in products that may be too risky and expose them to additional fees. Accordingly, it is believed that the new rules will make it less profitable for small and midsize firms to work with people who have smaller portfolios, making it harder for low- and middle-income folks to get the financial guidance they need. Therefore, it is believed that many of these investors will turn to alternative assets, such as real estate so that they can invest in what the know and understand.
With IRA Financial Group’s self directed retirement plans, retirement account investors have the ability to make traditional as well as alternative asset investments, such as real estate, in a tax-deferred or tax-free basis. In addition, our self-directed Solo 401(k) plan is a perfect retirement and investment platform for any self-employed or small business owner with no full-time employees.
“The IRA Financial Group has built our businesses on that untapped market, offering low-cost alternative asset self-directed IRA options to retirement account holders whose portfolios may not be big enough for traditional firms,” stated Mr. Bergman.
IRA Financial Trust Company, a self-directed IRA custodian, was founded by Adam Bergman, a partner with the IRA Financial Group. The IRA Financial Group, the leading provider of self-directed IRA retirement solutions. IRA Financial Group has helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate without custodian consent.
The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers who have worked at some of the largest law firms in the United States, such as White & Case LLP, Dewey & LeBoeuf LLP, and Thelen LLP.
IRA Financial Group is the market’s leading provider of self-directed IRA LLC and Solo 401(k) plans. IRA Financial Group has helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate without custodian consent.