Working with PENSCO, Your Self-Directed IRA Custodian
We’re delighted you’re taking control of your retirement by opening a self-directed IRA and choosing PENSCO as your IRA custodian. To help you with the investment process, here are a few things to know about working with PENSCO:
What PENSCO does (and doesn’t do) as your self-directed IRA custodian
As a self-directed IRA custodian, PENSCO is responsible for facilitating your investment instructions and administering the assets in your account over the course of the investment’s lifetime. After you open your account, PENSCO will help guide you through the process of funding your first investment, and we’ll be here to assist with future transactions. PENSCO IRA experts review each new transaction to ensure proper custody of the asset, and we document IRA ownership for tax deferment and IRS reporting needs.
Once you’ve made an investment in your self-directed IRA, PENSCO manages the extensive recordkeeping that is necessary to comply with required reporting by the IRS and to IRA owners. We handle the reporting of contribution, distribution and investment activity within the account, including quarterly reports, processing of annual asset valuations and other documentation.
It’s very important to understand that you and your advisors—not PENSCO—are solely responsible for evaluating the merits and suitability of any potential investment. PENSCO’s role is to determine if an investment can be held in a self-directed IRA. We do not approve or endorse any investments, and we do not offer legal or tax advice. We always encourage our clients to conduct ample due diligence and to work with a financial professional before making an investment decision.
When you work with PENSCO, you’re getting a dedicated team of IRA experts
At PENSCO, we pride ourselves on delivering a premier level of service throughout the entire self-directed IRA investment process. With over 44,000 assets under custody (as of 6/30/18) our service team offers IRA custodial expertise on a broad range of alternative assets from real estate to private equity to precious metals and fishing rights.
PENSCO has the knowledge needed to efficiently handle all aspects of account administration. As an alternative asset expert, we are able to guide you through complex transactions within qualified accounts.
If you have questions about working with PENSCO, please contact one of our self-directed IRA specialists for more information.