Broad Financial & Madison Trust

As an IRA LLC Facilitator, Broad Financial upgrades your Self-Directed IRA with the power of checkbook control. A classic Self-Directed IRA allows account holders to diversify their retirement portfolio in alternative assets you know and believe in, including real estate, private businesses, or cryptocurrency.  

Upgrading your Self-Directed IRA to checkbook control, also known as a Checkbook IRA, gives you more investment freedom. You can perform everyday transactions without added fees and seize potential opportunities by investing in real time.

Broad Financial’s sister company and leading Self-Directed IRA custodian, Madison Trust, helps us provide exceptional service for your exciting investment opportunities. Our knowledgeable, reliable, responsive team seeks to provide unparalleled customer support so you can have a pleasant investing journey to a potentially prosperous retirement.  

Madison Trust is responsible for holding the account’s investments in custody, making transactions based on the direction of the IRA account holder, complying with all IRS reporting requirements regarding the IRA, and maintaining the tax-advantaged status of the account.  

Madison Trust is a regulated South Dakota Trust Company that complies with all statutes and regulations mandated by the South Dakota Division of Banking.  

President and CEO, Daniel Gleich, was observing his parents’ investment portfolio when he found that, although diversified within Wall Street, their retirement portfolio could be varied further. He was interested in diversifying their portfolio into alternative assets that he knew more about and believed in, like real estate. Through research, he learned how to self-direct his parents’ IRA to invest directly in real estate, though establishing an IRA LLC.  

Focused solely on entity formation, Broad Financial worked with a third-party to perform Self-Directed IRA custodian responsibilities. However, at this point, it was difficult to enforce the vision of exceptional service. There was a need for a streamlined process between Self-Directed IRA custodian duties and entity formation with unparalleled customer service. Madison Trust was created in 2014 to be an in-house Self-Directed IRA custodian to uphold our client-centered model and dedication as a lifelong support system to our clients.

Madison Trust, a Self-Directed IRA custodian, manages administrative tasks, like completing IRS-required tax reporting or administering contributions. As a passive custodian, Madison Trust oversees investments and performs transactions solely at the direction of the account holder.  

Consider sticking with a classic Self-Directed IRA at Madison Trust!

To invest, direct Madison Trust to send your IRA funds by writing a check or sending a wire directly to your investment.

Consider opening a Self-Directed IRA with Checkbook Control at Broad Financial!

Broad Financial will establish an IRA LLC or IRA Trust for your Self-Directed IRA, taking care of all the paperwork.

You will then open a checking account in the name of your IRA LLC or IRA Trust at the bank of your choice. Next, instruct Madison Trust to send your IRA funds directly to your dedicated checking account.

To invest, simply write a check or send a wire from your dedicated IRA LLC or IRA Trust checking account.

Together, Broad Financial and Madison Trust intentionally crafted the ideal self-directed experience. As sister companies, we provide one-stop shop experience - bringing the entity creation, support, and custody of your checkbook control Self-Directed IRA together for a seamless experience.