PENSCO Trust - Self Directed IRA | PLANS: Custodial IRA

Custodial Account

PENSCO Trust offers a Custodial account which can be used for the following situations:

When you are the trustee of your pension plan and you either administer it yourself or have a third party administrator or a CPA performing the compliance and IRAS reporting functions: and, you want PENSCO to handle (custody) certain investment types such as real estate or private equity. Custody entails acquiring selling, storing, recordkeeping and reporting to you or your administrator the transactions, holdings and values of the assets in custody;
When you have a business that involves the administration and accounting for investments (e.g., an investment business), but you do not want to account for or hold certain assets such as real estate;
When you need an escrow service to account for the purchase, sale, contribution or relinquishment of assets or cash;
When you have a trust account that has alternative assets and you are looking for a firm to custody the assets.

In all cases, PENSCO, in its role as custody, will not be responsible for:

Tax accounting and reporting;
Maintenance of any plan, trust, or other operating agreement that is the source of the assets in custody;
Tax reporting to the Department of Labor, IRS or any other Government agency.

Note: PENSCO will supply your administrator with the information necessary for them to satisfy the reporting needs indicated about for the assets PENSCO holds.

Open Account