Investing in a Gold Individual Retirement Account (IRA) is a smart choice for people who want to diversify their retirement portfolios with a safe and long-term investment option. But one of the crucial steps in setting up a gold IRA is choosing the right custodian, and that's where this review of Strata Trust Company comes in. As one of the leading self-directed IRA custodians in the country, you need to know what sets them apart from the competition. Learn about the company’s history, services, fees, and any potential drawbacks to make an informed decision.
Strata Trust Company Reviews Table of Contents
A Brief History of Strata Trust Company
Services Offered by Strata Trust Company
A Brief History of Strata Trust Company
Originally established in 2008 as Self Directed IRA Services Inc., the company rebranded to Strata Trust Company in 2016. They have overseen more than $1.8 billion in assets, with over 35,000 account holders. Headquartered in Waco, Texas, Strata Trust is regulated by the Texas Department of Banking and offers a range of self-directed IRA options, including real estate IRAs, precious metals IRAs (gold, silver, platinum, and palladium), and private equity or debt placement IRAs.
Services Offered by Strata Trust Company
Strata Trust Company offers a variety of services to those setting up Gold IRAs, such as:
Gold IRA Set-Up
Strata makes the process of setting up a gold IRA smooth and hassle-free. They provide all necessary documents, coordinate with your existing IRA custodian for transferring funds, and help you find a trusted precious metals dealer for your investment.
Storage Solutions
Strata has partnered with International Depository Services (IDS) to offer secure storage for precious metals in vaults located in Delaware and Texas. These facilities maintain the highest industry standards for security and inventory control.
Speak to a Gold IRA Expert Today. Our Preferred Gold IRA Custodians:
Birch Gold Group
Birch Gold Group stands as your reliable ally in Gold IRA investment. Their unbeatable customer service, combined with rich educational content, makes your journey to financial growth as smooth as possible.
Noble Gold IRA
With its simple 5 minute IRA setup process and experienced team of professionals, Noble Gold is one of the easiest ways to open a Gold IRA & find out more information.
Online Account Management
Account holders can easily access, view, and manage their IRA accounts online 24/7. You can review your account balance, transactions, and asset holdings.
Customer Support
Strata's customer support team is available via phone, email, and online chat to answer questions and address concerns.
Educational Resources
Strata Trust offers educational resources and webinars on various investment topics, such as self-directed IRAs, precious metals investing, and more.
Strata Trust Company's Fees and Charges
Like all custodians, Strata Trust Company charges fees for their services. Their fees include an account set-up fee of $50, an annual account maintenance fee from $100 to $200 (depending on the fair market value of your account), and a storage fee of $100. Understanding these fees is essential when comparing Gold IRA custodians.
Pros and Cons of Choosing Strata Trust Company
Pros
Experienced Custodian: Strata Trust Company has been in business for over a decade, is regulated by the Texas Department of Banking, and has a strong track record in managing gold IRAs.
Transparent Pricing: The company's fee schedule is straightforward and available on its website. You'll know exactly what you'll be paying for their services without any hidden costs.
Strong Customer Service: Many online reviews highlight Strata's approachable and knowledgeable customer support team.
Cons
Limited Precious Metals Selection: Strata may not provide as wide a range of precious metal choices compared to some competitors. Thus, investors must ensure they have the desired metals before opening an account.
No Buyback Policy: Strata Trust Company doesn't offer a buyback policy on your metals which means you'll have to go through a dealer to liquidate your assets when the time comes.
Overall, Strata Trust Company is a solid choice for setting up a Gold IRA, offering a seamless process, transparent fees, and excellent customer service. However, you should still compare it to other custodians to find the best possible fit for your investment needs. After reading this comprehensive review, don't hesitate to share it with others, and explore the other guides on Pre Columbian Gold to make informed decisions about your retirement investment choices.
Speak to a Gold IRA Expert Today. Our Preferred Gold IRA Custodians:
Birch Gold Group
Birch Gold Group stands as your reliable ally in Gold IRA investment. Their unbeatable customer service, combined with rich educational content, makes your journey to financial growth as smooth as possible.
Noble Gold IRA
With its simple 5 minute IRA setup process and experienced team of professionals, Noble Gold is one of the easiest ways to open a Gold IRA & find out more information.
