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PENSCO establishes Non-Depository Trust Company in Colorado.

Press Release

DENVER, July 17, 2015 – PENSCO, a leading alternative asset custodian for self-directed IRA investors since 1989, announced today that it recently moved its non-depository trust company charter to Colorado. With 130 employees in Denver, including the company’s growing technology team, Colorado represents the company’s largest employee base.

“PENSCO’s business operations in Colorado have grown by 19% since 2012 and moving our charter to Denver reflects our strong presence in the region and our plans for continued growth here,” said Kelly Rodriques, CEO of PENSCO. “We are continuing to add key talent to our Denver offices, especially in operations, engineering and client service functions. Moreover, we are pleased to relocate our charter close to PENSCO’s technology talent hub as we expand our offering of innovative technologies that simplify the deal-funding process for our clients.”

PENSCO’s business has been growing in tandem with the self-directed retirement market overall. More than $7.3 trillion is currently held in IRAs[1], with $146 billion held with alternative asset custodians[2]. Since 2013, IRAs that hold alternative assets – such as real estate and private equity – have grown at nearly twice the rate of IRAs holding “standard” exchange traded assets[3], driven in part by investors’ desire to diversify their portfolios with investments in alternative assets versus allocating them to just stocks and bonds.  Because holding alternative assets in retirement accounts requires special knowledge and handling, many broker dealers do not provide investors with the option to use their IRA to invest in alternatives. Specialized alternative-asset custodians, on the other hand, are equipped to offer IRA investors the flexibility to hold alternative assets. As a self-directed IRA custodian, PENSCO administers IRAs holding private equity, real estate, notes, and other non-exchange traded assets on behalf of investors.

PENSCO’s Deal-Funding Technology

While alternative investing can be rewarding, financial technology is essential to easing the complicated and labor intensive administrative process associated with it. As a result, PENSCO recently released Alt-Nav™, a proprietary, first-of-its-kind paperless technology that streamlines the deal-funding process for both IRA investors and capital raisers – including entrepreneurs, private fund managers or private businesses – who work with these individual investors. It makes the previously complex and paper-intensive process entirely web-based and guided, including drag/drop features for uploading investment documents and e-signature capabilities. The company’s Denver team continues to build out functionality that improves the alternative investment funding process.

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About PENSCO

PENSCO Trust Company has been helping investors use their retirement account funds to invest in real estate, private equity and other non-exchange traded assets since 1989.

As the trusted custodian of over $10 billion in assets on behalf of more than 45,000 clients, PENSCO works with financial institutions, capital raisers and financial advisors, as well as self-directed investors who typically have a point of view about alternative investments based on their own knowledge or expertise and want to put their tax-advantaged retirement dollars to work in these opportunities.

To learn more visit www.pensco.com.

PENSCO Trust Company performs the duties of an independent retirement custodian, and, as such, does not provide investment advice, sell investments or offer any tax, investment or legal advice. PENSCO is not affiliated with any financial professional, investment, investment sponsor, or investment, tax or legal advisor; including any who are listed in The Marketplace. Clients or potential clients are advised to perform their own due diligence in choosing any investment opportunity as well as any professional to assist them with an investment opportunity. Alternative investments are not FDIC insured and are subject to risk, including loss of principal. The list of individuals in The Marketplace should not be considered a complete list of individuals/firms with whom you may work, and is being provided for informational purposes only. It is not intended as an individual recommendation, and each individual is encouraged to perform their own due-diligence on any financial professional with whom they intend to work.

[1] Pew Research Center

[2] SEC estimates 2% of all IRAs are self-directed

[3] Investment Company Institute, December 2014 and US Government Accountability Office Study GAO-15-16, page 17 & 80