First State Depository Company, LLC, a private coin and precious metals depository company, announced that it has developed a relationship with Entrust New Direction IRA, a self-directed IRA administrator, to provide depository services for clients interested in holding gold and other precious metals in their self-directed IRA and other tax-sheltered plans.
First State and its owners have a long history of providing Secure Depository services for investors looking to take advantage of the long-term stability of precious metals investments. Entrust New Direction IRA, part of The Entrust Group, one of the nation’s largest self-directed IRA providers, administers a variety of IRA, 401(k) and HSA accounts, which can purchase precious metal investments.
Both First State and New Direction stress quick processing and reporting of both purchases and delivery. Speed in processing transactions and fast payment for completed orders is one reason metals dealers have enjoyed working with both New Direction and First State. First State’s standard procedures include sending confirmations of all metals received by 3:00 PM on the same day.
New Direction promises that orders will be funded within 48 hours of receipt of the delivery confirmation for outstanding orders. New Direction’s policies also limit the ability of an IRA to make a purchase until it has the funds available to spend, thus ensuring that the IRA will always be able to pay for its purchase.
With First State and New Direction, customer service is key. Both organizations are aware of the vital importance of accurate and timely transactions and reporting. “Speed and accuracy are the name of the game”, said Bill Humphrey, one of the principals of New Direction. “We keep our clients happy when they purchase precious metals so they’ll stay with us for all their future investments.”
First State and New Direction are aware that many financial and logistical issues can occur for both metal dealers and purchasers with any delay. New Direction has a history of processing transactions quickly and correctly.
Both companies value educating their clients. First State and New Direction have educational programs for providing investors an overview of the process and details about self-directing retirement and other funds into precious metals investments.
First State Depository Company is a professionally managed, private depository company offering a full range of specialized certified coin and precious metals custody, shipping and accounting services to commercial, tax sheltered plans (IRA) and individual participants in the precious metals markets. Contact: www.fsdepository.com
New Direction IRA provides administration and record-keeping for self-directed IRAs through its custodial bank. New Direction also provides self-directed plan options for Roth IRAs, SEP-IRAs, Health Savings Accounts (HSAs), 401k and other qualified and non-qualified plans. Contact: www.newdirectionira.com
