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We think it is important to know about the organization with which
you place your hard-earned retirement funds. PENSCO Trust has been
in the self-directed IRA business for 16 years. First approved and
regulated by the IRS as one of approximately 257 non-bank custodians,
PENSCO (under it's original name, PENSCO Pension Services) became
a broker dealer in 1997. At that time, we were also regulated by
the National Association of Broker dealers (NASD). In 2001, PENSCO
Trust was formed as we changed from being a broker dealer to our
current status as a bank and trust company regulated by the Banking
Commissioner of New Hampshire.
It is very important that you understand how your self-directed
IRA custodian is regulated, because regulators provide an important
safeguard for the companies they regulate, as well as the customers
the companies serve.
The primary purpose of a regulator is to make sure that the institutions
they govern operate in a safe, sound and legal manner. Regulators
conduct periodic audits depending upon their view of the strength
and condition of the institutions they supervise. They have the
power to require changes in policies and procedures and even to
close institutions if necessary. Unregulated IRA custodians, or
companies who have limited supervision are potential risks to consumers.
Be sure, if you are considering other providers, that you question
how they too are regulated.
PENSCO Trust is proud of its reputation for integrity. We have
regularly been on the Better Business Bureau's Honor Roll for no
complaints, and we have never had any regulatory disciplinary action
or sanction. We have been a service leader for many years, and we
have been guaranteeing 48 hour funding for over 13 years.
Some of our key service features and accomplishments in our industry
are noted below:
- First to allow clients to view their transactions and asset holdings
on-line (1990)
- First on the Internet (1994)
- First to allow prospects to complete an IRA application on-line
- First firm in our industry - to provide automatic
e-mail notifications of every transaction
- BBB Honor Roll for 16 years
- Hosting first national symposium on self-directed IRA issues for
professionals (e.g., CPAs, and attorneys) in October 2005
- Educated a network of more than 700 professional advisers to assist
clients with their self-directed IRA investment questions and strategies
(click here to find an adviser in your state)
- PENSCO Trust Company has been regulated from its inception
- All easy-to-use forms available on-line at this site
- Provides free IRA alert news update to keep you abreast of important
events affecting IRA accounts
PENSCO Trust Company is dedicated to helping you succeed in your
retirement investing by providing you with the necessary tools,
information, and service. You may reach both our dedicated sales
team (866) 818-4472 and client services team (800) 969-4472 toll-free.
We welcome your questions about investing options and we will go
out of our way to discuss your investment scenarios and goals.
So if you are looking for a reliable custodian with the track record,
knowledge, and service to prove it, choose PENSCO Trust Company.
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