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Join nowRecently one of our clients has presented a question to us about nonbank trustees and custodians and I am very unfamiliar with the topic. Does anyone in the community have experience as a Nonbank trustee or custodian that could help provide some guidance? This is related to self-directed IRA's and other investment activities.
Any knowledge would be greatly appreciated!!
Hi @ParkwayInc. I wonder if @Anonymous or @LisaNullar might have some insights or be able to point you to a great source of info?
Ooooh.
I'm sorry to say that's as much of a mystery to me as it may be feeling like to you!
Staying tuned for some good insights...
*kristen
Hi,
In answer to your question -
Non Bank Trustee or Custodian is a -
Non Bank or Non Insurance Company. It is a recognised financial enitiy. It acts as a Custodian for Tax Exempt Retirement and Savings Accounts.
Also maybe this may be of help -
https://www.irs.gov/retirement-plans/approved-nonbank-trustees-and-custodians
Hope it helped.
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