Choosing Your Precious Metal IRA Custodian

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16

Apr, 2015

Choosing Your Precious Metal IRA Custodian

Written By Brian Ford

The Internal Revenue Service (IRS) requires a third party to act as a custodian for all IRA investments, including precious metals. Your Precious Metal IRA custodian does not manage your investments, nor does it give IRA investment advice; the main purpose of a Precious Metal IRA custodian is to provide you with updates on your IRA’s value and to keep track of your IRA transactions for tax purposes.

If you’re considering a Precious Metal IRA transfer or rollover then you are required by law to enlist the services of an IRA custodian that is authorized to be a provider for Precious Metal IRAs. Below you will find contact information for the best Precious Metal IRA custodians in the United States.

10 Popular Precious Metal IRA Custodians

1. Equity Institutional (formerly Sterling Trust)

Equity Institutional holds over $12 billion in assets for individual investors and institutions alike. A leading provider in alternative asset custodianship, Equity Institutional supports retirement account investments in precious metals, fossil fuels, hedge funds, LLCs and more.

Telephone: (855) 355-2587 – Website: www.TrustETC.com/investment-options/precious-metals

Address: 1 Equity Way, Westlake, OH 44145 – Year Opened: 1974

Precious Metal IRA Fees:

Account Setup Fee: $50 Annual Fee: $80 Precious Metal Storage Fee: $100-$150

2. Broad Financial

Broad Financial is a popular IRA custodian for individuals with self-directed IRAs, Solo 401(k) plans and Checkbook IRAs. Broad Financial offers Precious Metal IRAs and also supports retirement accounts that hold other commodities and traditional investments like stocks and mutual funds.

Telephone: (888) 746-0562 – Website – http://www.broadfinancial.com/self-directed-ira/precious-metals-ira

Address: 21 Robert Pitt Drive Suite 202, Monsey, NY 10952 – Year Opened: 2004

Precious Metal IRA Fees:

Account Setup Fee: $50 Annual Fee: $75 Precious Metal Storage Fee: $100-$150

3. Colorado National Bank

Colorado National Bank has locations across Denver and Palisade and offers retirement accounts, standard investments outside of retirement, and checking and savings accounts. This FDIC-insured bank also has ATMs and offers personal and business loans. CNB expects their new website to be live shortly.

Telephone: (970) 464-5701 – Website: https://www.coloradonational.com/files/IRA_Fee_Schedule.pdf

Address: 700 17th Street Suite 100, Denver, CO 80202 – Year Opened: 1905

Precious Metal IRA Fees:

Account Setup Fee: $50 Annual Fee: $75 Precious Metal Storage Fee: $100-$150

4. GoldStar Trust (formerly American Church Trust, Colonial Trust Company)

GoldStar Trust is the custodian for over 37,000 IRA investors who keep over $1.9 billion in assets with GoldStar. GoldStar has grown to more than 60 employees and has bought out multiple other custodians over the years. GoldStar Trust also serves as the paying agent for church bonds and municipal bonds in 38 states.

Telephone: (800) 486-6888 – Website: http://www.goldstartrust.com/Services/PreciousMetals.aspx

Address: 1401 4th Avenue, Canyon, TX 79015 – Year Opened: 2004

Precious Metal IRA Fees:

Account Setup Fee: $50 Annual Fee: $75-$275 depending on value of account Precious Metal Storage Fee: $1.00 per $1,000 of value (minimum $100; no maximum).

5. Mountain West IRA

Mountain West’s staff has a combined 80+ years of experience with retirement accounts, and the company also acts as a retirement account custodian of real estate, stocks and bonds. Mountain West has offices in Florida and Idaho and also has a convenient method of opening an account online and receiving live help from an IRA adviser online.

Telephone: (866) 377-3311 – Website: https://mountainwestira.com/precious-metals-2/

Address: 10096 West Fairview Avenue Suite 1060, Boise, ID 83704 – Year Opened: 2005

Precious Metal IRA Fees:

Account Setup Fee: $50 Annual Fee: $75-$300 depending on value of account Precious Metal Storage Fee: Storage cost based on client’s choice of storage facility.

6. New Direction IRA

New Direction prides itself on its stellar reputation and dedication to educating investors instead of just “selling” them. New Direction supports Real Estate IRAs, stock investments and Single Member LLCs in addition to Precious Metal IRA plans.

Telephone: (877) 742-1270 – Website: https://www.newdirectionira.com/gold_iras/

Address: 1070 West Century Drive Suite 101, Louisville, CO 80027 – Year Opened: 2003

Precious Metal IRA Fees:

Account Setup Fee: $50 Annual Fee: $75-$125 Precious Metal Storage Fee: Storage cost based on client’s choice of storage facility.

7. Provident Trust

Provident Trust has clients in all 50 states and is a custodian for over $3 billion in IRA assets. Provident claims over 30,000 clients and according to its website prides itself on providing personalized customer service.

Telephone: (888) 855-9856 – Website: https://trustprovident.com/the-gold-ira-buying-precious-metals-with-qualified-funds/

Address: 8880 West Sunset Boulevard Suite 250, Las Vegas, NV 89148 – Year Opened: 2007

Precious Metal IRA Fees:

Account Setup Fee: $50 Annual Fee: $395 Precious Metal Storage Fee: Storage cost based on client’s choice of storage facility.

8. SunWest Trust

SunWest is known for facilitating non-traditional IRAs, including those that hold precious metals, real estate and mortgages. SunWest offers live customer service online as well as free educational materials on retirement account investing. SunWest also provides IRAs for traditional investments.

Telephone: (800) 642-7167 – Website: https://www.sunwesttrust.com/news/steps-buying-precious-metals-ira-account.html

Address: 10600 Menaul Blvd NE, Albuquerque, New Mexico 87112 – Year Opened: 2003

Precious Metal IRA Fees:

Account Setup Fee: $50 Annual Fee: $350 Precious Metal Storage Fee: Included in Annual Fee

9. The Entrust Group

Over the last 30 years Entrust has gained the trust of thousands of investors and currently holds more than $4 billion in assets. Entrust offers plans to individuals, brokers and companies, and they support all sorts of investments from CDs and mutual funds to real estate and fossil fuels.

Telephone: (800) 392-9653 – Website: http://www.theentrustgroup.com/precious-metals

Address: 401 Wilshire Blvd., Suite 1200 Santa Monica, CA 90401 – Year Opened: 1982

Precious Metal IRA Fees:

Account Setup Fee: $50 Annual Fee: Based on account’s value Precious Metal Storage Fee: Based on account’s value

10. Strata Trust Company

Strata Trust Company specializes in custodianship for a wide range of alternative investment vehicles including gold, silver oil, sugar, wheat and corn. You can also invest in real estate, tax liens and promissory notes via Strata Trust Company. This licensed, bonded and insured company has a management team with more than 40 years of experience providing IRAs.

Telephone: (866) 928-9394 – Website: https://www.stratatrust.com/self-directed-iras/investment-options/gold-precious-metals/

Address: 7901 Woodway Drive, Suite 200, Waco, TX 76712 – Year Opened: 2008

Precious Metal IRA Fees:

Account Setup Fee: $50 Annual Fee: $75 Precious Metal Storage Fee: $100-$140

Conclusion

Do you need help finding a custodian or the required IRA paperwork? Call the Certified Gold Exchange at (800) 300-0715 today and ask for your free copy of The Definitive Guide to Gold & Silver Custodians.

*All information is accurate as of March 26, 2015. You may be required to pay extra fees for account liquidations and/or vault access fees.

Recommended for you: Gold IRA Rollover Guide and Silver Investments.

Categories: Gold IRA, Precious Metals IRA, Silver IRA

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Edward Albert

05:32 23 Feb 23

I was looking to liquidate the precious metals in my IRA . The horror stories I had heard of about some gold and silver dealers had me very apprehensive. When I called Certified Gold Exchange and talked with Patrick, I quickly felt a sense of trust in his voice. He answered all my questions and understood my fear of getting taken advantage of. He and his team work very hard behind the scenes ensuring the transaction to go smoothly. As a result CGE has earned my 5 star rating! I will contact them again if I want to buy or sell in the future!

ALAN BROWN

23:47 21 Apr 22

Certified Gold Exchange's website really jumped out to me as I began researching precious metal IRA's. I found it to be incredibly comprehensive and informative, answering questions I did not even know to ask and alerting me to bad practices within the industry as well. So, I called and found the CGE team to be every bit as helpful as the website. They were responsive immediately and throughout the process of establishing an account and funding it. They were particularly helpful when dealing directly with my current custodian and getting funds rolled over. Pat and Mary have been courteous, personable, and very professional working with me and even helped with questions outside the immediate business at hand. I have already referred friends to CGE and will continue to do so.

Alison Weinberg

15:40 15 Oct 21

Pat and team are very knowledgeable and professional!

Ismail Kenessy

13:13 09 Jul 21

Customer since 2005. Professional, courteous, and helpful. CGE walked me through the process and provided the best prices available with minimum costs. Excellent service.

Joe Murray

16:33 19 May 21

What super service I received from the Certified Gold Exchange precious metals IRA team. Wow is all I can say! I had a large amount of coins in a gold and silver IRA for many years and decided to sell. I spent just about a whole day talking to several metals dealers about purchasing my metals. Call after call I did not feel good about what I was hearing with these dealers so I called the company that helped me set the gold and silver IRA up. Their name is Broad Financial LLC. I explained the problem I was having with finding a buyer and they said that is common in the industry. They told me to call the Certified Gold Exchange, Inc in Fort Worth, Texas. I spoke with Mr C there and was impressed that their quote was above the spot price (because I was hoping to get the spot price). They explained that American Eagles buy back at over spot and I said not with all the other dealers I called. I shipped the metals to their New York depository following the Certified Gold Exchange's instructions. Candace at CGE tracked the package every step of the way and I was updated along the way. Then when my metals arrived at the Certified Gold Exchange depository they told me that several of my coins were actually American Eagle Proof coins, not the bullion version I thought I had. They increased their original quote by $3000.00 dollars! Shocking that a company would be so honest because they could have just sent the original amount and I would have been happy. Needless to say I will never deal with a different metals dealer except the Certified Gold Exchange. Their gold IRA team is the best by leaps and bounds. I highly recommend Candice, Mr. C and the CGE team to any one looking to buy or sell metals with a great experience. Americans trusted source For Gold is not just a tagline with these folks.

ted okolowicz

23:30 29 Apr 21

After searching and checking out different metals companies, I decided that Certified Gold Exchange Inc. was my choice. They have exceeded my expectations and made my IRA rollover easier than I thought.You can be very confident by the way every step was handled (very professional).So kudos to the whole TEAM and thank you

Joseph Glassman

15:27 20 Apr 21

I had a very good experience with Certified Gold Exchange and I highly recommend anyone considering a IRA Rollover into precious metals, talk to David White at Certified and do business with them. They are honest and will have your best interest as their concern.. David took care of my needs completely with honest and fair pricing. I shopped around and decided on Certified.

Lefty and Mary Jamora

21:47 13 Apr 21

Thank you David and Pat for educating us on the gold and silver markets. Pat especially helped us thru our first purchase of silver.

M Phommahaxay

02:48 26 Mar 21

So glad I found CGE! Although, they don’t do business in my state, David White was so kind to take the time out of his busy schedule to educate me on precious metal investing. His advice was extremely valuable which saved me a ton of money. I would definitely recommend and refer any of my friends or family members interested in investing in precious metals in their service area. So thankful for David and this company!

Rickey Johnson

17:30 18 Mar 21

My experience so far with Certified Gold Exchange was all very positive. Everything went smoothly and P. Collins was awesome in helping us navigate through the process.

Aaron Brabham

18:08 02 Mar 21

I called Certified Gold Exchange to get information on a crypto currency IRA. I had a ton of questions and Steve not only answered all of them but also informed me of many things I had not thought of.I decided to invest $60k and in just three months it's over $120k! Not only that, the team at Certified Gold Exchange has excellent customer service.I highly recommend them.

Mark OLeary

19:16 26 Feb 21

Philip with the certified gold exchange was incredibly helpful in helping me to setup a Cryptocurrency IRA. He knew exactly what questions to ask my existing custodian to make the rollover as seamless as possible. In just a short few months with the recommendations of Philip; I have already seen over a 250% return on my investment. Highly recommended.

Gal Tab

02:50 25 Feb 21

The reason I give it the maximum stars is because everything happened just the way they planned it. I invested a considerable sum of money with them and as anyone would be, I was a little scared. I did my research and They came highly recommended as being ethical brokers. Their fees are very competitive and look forward to doing more business with them.

Diana Fincher

01:45 25 Feb 21

I rolled over my IRA into Silver a couple of years ago and made a friend! Agent Pat C, Certified Gold Exchange, Inc., has far exceeded my expectations with continuing, careful watch over my investment. He always surprises with immediate personal response to my slightest question and inspires confidence to hold to The Plan. Pat’s personal touch and excellent recall is reassuring and has proven that he will keep me informed when any changes are advised. Ask for Pat - he’s excellent, excellent!

Steve Astin

22:18 24 Feb 21

This was the 3rd company I called and by far the most professional. Thanks Patrick for the great service!

Alicia O'Rear

16:08 24 Feb 21

Thank you for donating 16 bibles for our foster children at Albuquerque Christian Children's Home! This is a wonderful company with a heart for ministry.

Kyle Sanders

19:14 11 Feb 21

I was interested in doing a gold IRA rollover and contacted several firms after researching on the web. Certified Gold Exchange's website had the most useful information by far compared to other firms. Their representatives have been a pleasure to work with--professional, answered every question I had, and I'd recommend them to anyone looking at a gold IRA rollover.

Robby Bryant

17:02 11 Feb 21

I am a Certified Financial Planner, and Certified Gold Exchange has helped us purchase gold for 16 years without a hitch for our clients and at excellent prices. We couldn’t be more satisfied!

Anne Sayre

23:27 14 Jan 21

My husband and I were thrilled with the service we received at Certified Gold Exchange! Shipping our gold to us was quick and very simple. So happy we did not have to pay for the TV advertisements with celebrities like so many of the other precious metal companies. We will be buying again from CGE!

Neenah Payne

04:47 30 Dec 20

Certified Gold Exchange, Inc. is a highly professional firm that was a pleasure to do business with. It provides fast and accurate service. The firm went out of its way to be helpful on a number of key issues. I highly recommend them. I was extremely lucky for several reasons to have called the Certified Gold Exchange, Inc. when I was ready to sell my gold and silver coins. When I called the firm, Liam on the service desk explained that they scan hundreds of gold dealers to get me the best price. That was very comforting.When I spoke with coin dealer David White, he was able to give me a quote in 3.5 hours. He also explained the importance of shipping my coins via registered mail with the Post Office. David said that the Post Office requires a registered box to be sealed with brown paper tape to prevent tampering. David emailed me links to sites that showed the right tape to use and how to seal the box. He called several UPS stores in my neighborhood to try to find the tape for me. In the end, I bought the tape from the Post Office. David explained that while Fedex and UPS would ship the coins, since they are not allowed to ship gold or silver, I would have no recourse if my coins were lost. David even gave me his home number so I could reach him after hours if necessary.My experience with Certified Gold Exchange, Inc. stands in stark contrast with how two other coin brokers responded. The firm from which I had bought most of my silver coins never called me back. On November 13 when I called the broker from whom I had bought most of my gold coins, I couldn't get through on the phone. So, I emailed them and it took 5 days for them to respond! The broker didn't give me a quote until December 2 -- and then only for some of the coins! He said he would tell me what they would pay for the other coins after I shipped them!In addition, that broker explained that one of their customers had lost all their coins valued at $22,000 because the box was tampered with and they had failed to insure them for the full amount. However, I knew by then that if the firm had told the customer to ship the coins via registered mail as Certified Gold Exchange, Inc. does, the box could not have been tampered with.So, Certified Gold Exchange, Inc. is the only gold and silver dealer I recommend. The level of service is truly remarkable.

Jovita Garces

11:34 10 Nov 20

What do you do with what little you have to put away for the future? After my divorce 16 years ago, I decided I needed to find an IRA and invest my children's money into something that would retain and grow in value through the years. I found a great website called Certified Gold Exchange that intrigued me and when I called, John listened and understood my needs and helped me understand the value of investing in rare coins and precious metals before taking that all important step. I am happy I took a leap of faith knowing the prospect for growth in my precious metals IRA and children's funds for college and maybe first home some day was very real. I believe I made the best choice for our future. I can always trust CGE to give me honest and dependable service everytime I call in them.

Maria S

02:38 12 Sep 20

Patrick Collins and Certified Gold Exchange (CGE) Team: I appreciate the support, you took me on for this transaction when I wasn’t even an existing client. (Yes I know CGE made some money). It was you manner, caring and fast response that made me feel very comfortable with you.Your interest in helping me on such short notice shows how much you care for your clients. I hope 🤞 to have you as one of my financial team in the future.

Natalia Ariza

01:21 01 Sep 15

Certified Gold Exchange is the best metals company in the US hands down!

Paul Lifton

22:52 04 Mar 15

Piper Peterson

22:48 03 Mar 15

It's not always the case with precious metals dealers but the Certified Gold Exchange hires the best advisors in the industry and this is the reason for their outstanding reputation.

Eric Benjamin

15:57 29 Nov 14

We have purchased from several dealers and hands down these guys have been the best. Above and beyond are the words I would use to describe their service. You will not be disappointed if you have been on the fence about buying!

Josh Singer

18:20 04 Nov 14

Working with Certified Gold Exchange has been a great experience. The Certified Gold Exchange staff are very very good communicators and clearly have a lot of experience. Anytime we had a question or needed anything from them they responded the same day, if not the following morning. I would recommend working Certified Gold Exchange. Hands down great communicators and great business people.

Burt Dumerton

21:07 02 Dec 13

I have been working with Certified Gold Exchange Inc. since 2005 and have found them to give exceptional service and prices for precious metals. They have always treated me with great respect and given extraordinary personal attention to my account and to me personally. Their advice on many occasions have kept me from making some pretty serious errors in my investment decisions. They are prompt to return my calls and take special care to not be pushy or arrogant. Excellent to do business with. Give John a call.

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