Speak with a Broad specialist:
(800) 395-5200Schedule a CallSign Up Now
Speak with a Broad specialist:
(800) 395-5200Schedule a CallSign Up Now

The Ultimate Self Directed IRA

It’s time to choose the assets that make sense and get rid of the fees that don’t.

Broad offers a number of Self Directed IRA accounts to perfectly fit your investing needs. Invest in any asset, avoid transaction and asset fees, and move with the speed you need.

Real Estate and More

Go beyond the market by investing in real estate, small business, or other alternative assets. Take advantage and diversify in investments that make sense to you.

Lower Your Fees

Many of Broad’s Self Directed IRA accounts offer full checkbook control. That means you can invest on your own without going through a custodian or paying custodian fees.

Investing Made Simple

Many of Broad’s Self Directed IRA accounts offer full checkbook control. That means you can invest on your own without going through a custodian or paying custodian fees.

Here is a Cost Comparison of Broad Financial’s IRAs:

To see a comparison of Self-Directed IRA structures, please scroll below.

PLAN FEATURES

Custodian
Custodial Fees
Transaction Fees
Asset-Based Fees
Lifetime, Free Customer Support
Traditional and Roth IRAs Available
Formation of a Specialized LLC Designed to Hold IRA Funds
Real-time Access to Your Funds
How You Can Make Investments
Available in All 50 States
Learn More

SELF DIRECTED IRA

ALSO CALLED CUSTODIAL IRA PLAN

PLAN FEATURES

$100

SET UP FEE
(INCLUDES APPLICATION AND FIRST INVESTMENT)
Custodian
Madison Trust Company
Custodial Fees
$95 per quarter
Transaction Fees
Yes
Asset-Based Fees
$0
Lifetime, Free Customer Support
Traditional and Roth IRAs Available
Formation of a Specialized LLC Designed to Hold IRA Funds
Real-time Access to Your Funds
How You Can Make Investments
Need to Contact Custodian
Available in All 50 States
Learn More
The Ultimate Self Directed
IRA Custodian

SELF DIRECTED IRA WITH CHECKBOOK CONTROL

ALSO CALLED CUSTODIAL IRA PLAN

PLAN FEATURES

$1050

SET UP FEE
PRICE MAY VARY DEPENDING ON STATE LLC SET UP FEES
Custodian
Madison Trust Company
Custodial Fees
$95 per quarter
Transaction Fees
Yes
Asset-Based Fees
$0
Lifetime, Free Customer Support
Traditional and Roth IRAs Available
Formation of a Specialized LLC Designed to Hold IRA Funds
Real-time Access to Your Funds
How You Can Make Investments
Check, Debit Card, or Wire
Available in All 50 States
Learn More
The Ultimate Self Directed IRA with Checkbook Control

Compare our Self Directed Plans

Self Directed IRA
Self Directed IRA With Checkbook Control

SELF DIRECTED IRA

ALSO CALLED CUSTODIAL IRA PLAN

PLAN FEATURES

$100

SET UP FEE
(INCLUDES APPLICATION AND FIRST INVESTMENT)
Custodian
Madison Trust Company
Custodial Fees
$95 per quarter
Transaction Fees
Yes
Asset-Based Fees
$0
Lifetime, Free Customer Support
Traditional and Roth IRAs Available
Formation of a Specialized LLC Designed to Hold IRA Funds
Real-time Access to Your Funds
How You Can Make Investments
Need to Contact Custodian
Available in All 50 States
Learn More
The Ultimate Self-Directed
IRA Custodian

SELF DIRECTED IRA WITH CHECKBOOK CONTROL

ALSO CALLED CUSTODIAL IRA PLAN

PLAN FEATURES

$1050

SET UP FEE
PRICE MAY VARY DEPENDING ON STATE LLC SET UP FEES
Custodian
Madison Trust Company
Custodial Fees
$95 per quarter
Transaction Fees
Yes
Asset-Based Fees
$0
Lifetime, Free Customer Support
Traditional and Roth IRAs Available
Formation of a Specialized LLC Designed to Hold IRA Funds
Real-time Access to Your Funds
How You Can Make Investments
Check, Debit Card, or Wire
Available in All 50 States
Learn More
The Ultimate Self-Directed IRA with Checkbook Control

Self Directed IRA Fee Structures

When researching Self-Directed IRAs, you’ll find that there are three basic fee structures:

Transaction Fees

In this model there is a low set-up fee, and the account holder pays a transaction fee for every action subsequently taken by the IRA.

Dollar value of assets that the IRA possesses

The more assets that are held, the higher the annual fee.

Checkbook Self-Directed IRA

There is a higher initial set-up fee, but there are virtually no fees afterwards.

Obviously everybody would like to choose the fee structure which affords them the greatest possible savings. However, even with that thought in mind, it’s not always so obvious which of the three fee structures will accomplish that. A number of factors can determine how much is eventually charged, and they include value of the invested assets, frequency of transactions, and degree of investor involvement. It’s best to run the numbers for your specific investment and see what makes the most sense.

How Much Does a Self Directed IRA
Cost – Practical Application

To get a better grasp of the situation, let’s take a look at a standard self-directed IRA investment, and then figure out what it would cost in fees for each of the three models.

Donna switched jobs and took the opportunity to rollover her 401(k), wishing to find the best Self-Directed IRA for real estate. She wanted to use her retirement funds to purchase a two family house at the cost of $450,000 and then subsequently rent it out. Property management includes paying standard bills (electric, water, etc.), grounds maintenance (mowing and snow removal), and taking care of the occasional plumber call. Additionally (as with most properties), the house needed some initial rehab before being put on the rental market
In this scenario, the fees would break down as follows. (These dollar values are taken from the industry’s leading provider for each platform.) Take a look below at a Self-Directed IRA cost comparison:

Self Directed IRA Custodian v. Checkbook Control

I didn’t realize I had a choice. Doesn’t every IRA need a custodian?

Absolutely. No matter which IRA you choose, it will need to be held by a custodian. Self-directed IRAs are typically held by specialized Self-Directed IRA custodians.

So what do you mean by the choice between a Self-Directed IRA Custodian and Checkbook Control?

Self directed IRAs come in two basic flavors: the Custodian model and the Checkbook Control model. In the standard Custodian model, the investor has the capability to invest in alternative assets; however, the investment process itself can be a bit of a hassle. After identifying a desirable asset, the investor must fill out a custodian form, send it in, wait for authorization, wait for a check to be sent, and then use the check to purchase the asset. The process then repeats itself for every transaction or modification following the original purchase. In a Checkbook Control model, the investor is able to purchase the asset immediately just by writing a check. There are no forms to fill out and no long waiting periods in the investment process.

No hassles sounds great. Does Checkbook Control have any other benefits?

Only if you consider saving money a benefit. When you have to go through the Self-Directed IRA custodian to perform your transaction, you will be paying a transaction fee for everything you do. With Checkbook Control, you will pay ZERO transaction fees. The reason for this is that you’re performing the transaction yourself by writing the check and you’re not using the services of the custodian to do it for you.

Is it complicated to set up a Self-Directed IRA with Checkbook Control?

It’s actually quite easy. The only additional step that you would be responsible for is going to the bank of your choosing and opening a new checking account. After that you’re ready to go! Find your asset and purchase it just by writing a check.

Is a Self Directed IRA the right kind of account for your investing strategy? Get a complimentary evaluation from a Broad specialist.

How does a Self Directed IRA work?

A Self Directed IRA gives retirement investors the means to choose their own assets. In a self-directed custodian account, a specialized IRA account is set up which can hold alternative assets. The account holder instructs the custodian whenever they would like an investment placed. The custodian makes the transaction and the IRA now owns a new asset.

Broad also offers accounts which offer full checkbook control. These accounts receive a LLC or Trust which can be used to open a dedicated checking account. Account holders invest just by writing a check. In this process the account holder can skip all of the custodian paperwork and fees.

The Self Directed IRA - What You Need To Know

How long does it take to set up an IRA LLC?

From start to finish, most checkbook control accounts can be set up in 2-3 weeks. For time sensitive assets, expedited service is available.

Do I have to open different Self Directed IRA accounts to invest in different assets?

No. One Self Directed IRA account can hold many different assets together. Your account is never limited to one type of asset.

Can I open a Self Directed IRA as a Roth IRA?

Yes.

Can a Self Directed IRA invest in a foreign property?

Yes. The IRA LLC is a great platform for self-directed foreign investments.

Find Out More

Do you have questions about the Self Directed IRA process? Speak with a Broad specialist and get answers.

Schedule a Call

Apply Online

Start diversifying today with a Self Directed IRA. You can apply online in just ten minutes.

Apply Online

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Phone: (800) 395-5200

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