New Direction IRA (NDIRA) is a trusted provider of IRAs and HSAs. They enable account holders to take control of their tax advantaged funds by servicing a broad range of alternative asset opportunities that are ideally suited to each investor’s retirement goals and investment style. Investors, advisors, and asset providers choose NDIRA because of their depth of experience, detailed education offerings, and convenient account technology.

* Use the New Direction IRA Fee Calculator (click button below) to calculate your estimated fees based on the company's published fee schedule. This is a useful tool when comparing different custodians based on your cost to use them. Please note, if you have never before used a self-directed IRA custodian or administrator to administer your account, the fees will be different than most broker dealers that provide transactional services for stocks, bonds, and mutual funds.

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Process for setting up a new account:

New Direction IRA receives online (real online, not fillable pdf) or paper application. New Direction IRA provides free education about how SDIRAs work, then assigns a Client Representative (email and welcome call). The client representative will assist with transfer, rollover, contribution. Then the New Direction IRA will establish account's online portal and assist account holder in logging in.

Process for adding a new asset to client account:

New Direction IRA will provide account holder with Transaction Guide for that asset type. Offer phone and email educational support. Receive Buy Direction Letter - (some online, all paper) this is account holder's permission for us to send $ out of the IRA to purchase a specified asset. Asset documentation - Client Representative in conjunction with Asset Acquisition specialist work with account holder to assemble complete set of paperwork that establishes what the IRA/HSA owns. Account holder portal updated. Indicia of ownership properly vaulted.

Procedures in place to protect client information:

They do not share any account holder information without the account holder's permission. 2-way authentication on account holder portal.

Procedures for annual valuations:

Third party annual valuations are generated by the account holder for all assets that require them. For real estate, more informal valuations (such as a BPO, etc.) is good for a year in which there is no tax event. A formal appraisal is required in a year in which there is an in-kind distribution or in-kind Traditional to Roth Conversion.

Procedures for when an investment is suspected to be or is found to be fraudulent:

(Not Disclosed)

• Bill Humphrey, Co-Founder and CEO

• Catherine Wynne, Co-Founder and President

• Jessica Loza, Chief Operating Officer

• Clay Malcolm, Chief Business Development Officer

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Glassdoor Ratings: (How company rates as an employer)

The Self Direct Your Retirement Transparency Index is a metric we have developed to indicate how transparent self-directed IRA custodians and administrators are about their company. We value transparency as an ideal trait from a company that is providing custody or administration of your retirement accounts. It shows that the company has nothing to hide about their activities. You should consider this when you are making your choice.

The Self Direct Your Retirement Transparency Index is split into two parts. The first part is whether they voluntarily provided this information to us or whether we had to find this data on our own. Companies that provided us with the data were given the "company certified seal". If they did not participate, the seal does not show up in their profile. The second part of the index is how transparent the companies were in providing us with this information. A higher transparency number indicates a more transparent company. A number above 80% is ideal. There may be legitimate reasons companies do not want to share certain information, but you should consider this when making your decision.

Below the seal, we have listed the last time the company provided us with information. As long as the company has the certified seal, the information should be considered up-to-date. We contact the company periodically to ensure the information is accurate. If the company chooses not to verify the information, then we remove the seal. Transparency is only one factor you should consider when choosing a self directed IRA custodian or administrator.

Visit the Self-Directed IRA custodian & administrator comparison page to see how New Direction IRA compares to its peers.

We asked New Direction IRA Trust Company to provide their individual insight into the following questions. This section is a bit more personal. The idea is that it will give you more insight into the company you are considering to provide custody of your investments. 

Company's view of important of the following items (ranked in order of importance)

1. Legitimacy - Prevention of fraudulent investments and schemes
2. Transparency - Providing clients with transparent information. 
3. Coordination - Coordinating with other custodians, administrators, and professionals
4. Visibility - Creating greater visibility about self-directed IRAs to investors

New Direction IRA has provided us with a moderate amount of transparency. While it may be more than most of their peers, we do not think it is sufficient to make a reasonable assessment of the company. There are a number of questions you may have as an investor. You will want to know that the company you have chosen to administer your self-directed IRA is able to provide you the answers you need. While the company may be suitable for your investing needs, you should exercise caution unless they are willing to disclose all the information you need to make a reasonable decision.

If you find a company that is not willing to be transparent to you as a potential customer of their services, then you should reconsider them as a potential choice for your retirement funds. Ultimately, your personal retirement investing needs will determine whether New Direction IRA is a good fit for you. Transparency is only one metric which you should consider in your due diligence process. Please use our Self Directed IRA Custodian & Administrator Comparison Tool to help you make that determination.

One of the biggest areas of frustration we see from self-directed IRA investors is when they realize they have chosen the wrong self-directed IRA custodian or administrator. It takes time to set up an account and fund your investment. The last thing you want to do when you are trying to fund your investment is to think about changing to a different custodian. Choose your Self-Directed IRA custodian or administrator wisely. If you put the time in now to find the right company, you will save time, money, and aggravation later. Read our Choosing a Self-Directed IRA Custodian report for more information.

Next Steps... Once you have located your ideal Self-Directed IRA Custodian or Administrator, you will be on your way to self-directing your retirement. If you decide that this process seems too complex and you need assistance or financial advice, feel free to contact us. Our firm specializes in providing financial advice pertaining to alternative investments held in self-directed IRAs and 401ks. We are fiduciaries and provide unbiased financial advice to our clients. Contact us if you want to learn more about our wealth management services.