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New Direction IRA, Inc. (NDIRA) released year end statistics today and noted the continued increase in popularity of self-directed IRAs (SDIRAs).
Louisville, Colorado (PRWEB) February 20, 2014
New Direction IRA, Inc. (NDIRA), an HSA and IRA custodial* and administrative services provider, released year end statistics today and noted the continued increase in popularity of self-directed IRAs (SDIRAs).
NDIRA saw a 15.5 percent increase in new accounts in 2013. These new accounts come as NDIRA implemented new industry best technology throughout the year that, in part, enables individuals to open accounts online. NDIRA is one of the first in the SDIRA industry to offer online account opening services.
The total number of transactions NDIRA serviced in 2013 increased more than 27 percent from 2012. New Direction IRA CEO Bill Humphrey said the increases indicate changes the company made to better serve account holders, advisors and vendors is paying off.
We listened to requests from clients, financial advisors and people in real estate and precious metals, Humphrey said, and we implemented technology and support that would meet their needs. Those changes clearly made an impact on retirement investors as we see significant growth again this year.
Humphrey noted that industry trends are changing and an SDIRA can help investors react to these trends.
For instance, real estate transactions amongst NDIRA clients dropped slightly in 2013 while precious metals acquisitions increased nearly 50 percent. Precious metals now make up a third of all NDIRA client assets.
Humphrey said as the real estate market rebounds, he anticipates more investors will get back into buying and selling properties.
Market fluctuations are inevitable, Humphrey said. SDIRAs offer valuable investment flexibility. The technology and support staff weve put in place over the last year is meant to help our clients nimbly navigate the market and act on opportunities quickly.
In addition to account opening technology, NDIRA clients can also use online improvements to exchange precious metals online, fund certain acquisitions and much more to come. Advisors and vendors can also work with NDIRA to set up customizable portals to better serve their clients.
If youd like more information about self-directed IRAs, industry trends or more, New Direction IRA offers extensive educational resources on its website, http://www.newdirectionira.com. You can check in with an IRA expert via webinar, live workshop or by calling a client representative to discuss your retirement strategy.
New Direction IRA is a trusted provider of investor education and record keeping services for self-directed IRA and precious metals IRA holders. Since its inception in 2003, New Direction IRA has been at the forefront of the self-directed retirement investment market. The company enables individual investors to take control of and diversify their tax-advantaged retirement funds using alternative asset opportunities such as real estate, precious metals, LLCs, notes and lending, and more. Headquartered in Louisville, Colorado, New Direction IRA administers more than $640M in assets on behalf of over 8,300 account holders. Visit the website at http://www.newdirectionira.com.
DISCLAIMER: New Direction IRA, Inc. does not render tax, legal, accounting, investment, or other professional advice. If tax, legal, accounting, investment, or other similar expert assistance is required, the services of a competent professional should be sought. CIRCULAR 230 NOTICE: As required by U.S. Treasury rules, we inform you that if any Federal tax advice is contained in this email, including attachments (in spite of our best efforts not to provide any tax advice), it is not intended or written to be used, and cannot be used, by any person (1) for the purpose of avoiding any penalties that may be imposed by the Internal Revenue Service, or (2) to promote, market, or recommend to another party any matter addressed herein.
*Physical custody and administrative oversight is provided by First Trust Company of Onaga, in Kansas. Regulatory account oversight comes from the Office of the State Bank Commissioner of Kansas.
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