Ready to open a self-directed IRA and invest in precious metals and other alternative assets? Need a reliable self-directed IRA custodian? Read our Liberty Trust Company Review to learn about their services and what they can offer you.
Note: Liberty Trust Company is no longer in business. Read about our top-rated IRA custodian instead on this page.
Table of Contents
- 1 What Is Liberty Trust Company?
- 2 Liberty Trust Company Review Summary
- 3 Location:
- 4 Address:
- 5 Year Founded:
- 6 Management:
- 7 Website:
- 8 Rating:
- 9 Liberty Trust Company Products & Services
- 10 How Does It Work?
- 11 Liberty Trust Company Fees
- 12 Advantages of Choosing Liberty Trust Company
- 13 Provides Client Education
- 14 Easy Account Setup
- 15 Experienced Staff
- 16 Disadvantages of Choosing Liberty Trust Company
- 17 Lacks Online Reviews
- 18 Outdated Website
- 19 Exorbitant Fees
- 20 Out Of Business
- 21 Accreditation, Customer Reviews & Ratings
- 22 Is Liberty Trust Company Legit Or Scam?
- 23 Liberty Trust Company Reviews- Conclusion
What Is Liberty Trust Company?
Liberty Trust Company Ltd is a self-directed IRA custodian which provides administrative services for self-directed IRAs and qualified retirement plans. The firm is managed by qualified staff such as Stephen Pauley and Glen Martin who boast more than 25 years of experience designing, implementing and administering self-directed retirement plans.
Liberty Trust Company Review Summary
2001 Bryan St STE 1800, Dallas, TX 75201-3070
Glen Martin (CEO)
Rating:(1 / 5)
Liberty Trust Company Products & Services
Other than precious metals, there are no other alternative assets listed on Liberty Trust Company’s website. However, the company offers at least 7 self-directed accounts including Roth IRA, SEP IRA, Traditional IRA, SIMPLE IRA, Individual 401(k), Education Savings Account and Health Savings Account.
How Does It Work?
Liberty Trust Company have made it super easy to open an account with them. They’ve availed application kits and all the forms you may need while opening your account or moving funds from your current custodian to your new account.
All their forms are available in the form of fillable Adobe Acrobat files which allows you to simply fill them out, print, sign and mail them back to the company. An application checklist is in place to ensure you input the correct information.
Liberty Trust Company Fees
The basic fee schedule of Liberty Trust Company is as follows:
- Account Setup Fee: $50
- Annual Account Maintenance Fee: $125
- Annual Asset Holding Fees: $125-$150
- Account Termination Fee: $250
Note: The above fees do not include transaction and processing fees which vary depending on the type of transaction you are undertaking.
Advantages of Choosing Liberty Trust Company
Provides Client Education
Liberty Trust Company offers free education to clients to make retirement planning easy. As a prospective client, you will learn all the ins and outs of self-direction and alternative investments, as well as all the facts about Traditional and Roth IRAs.
Easy Account Setup
They’ve made it easy to open an account through the use of Adobe Acrobat files and a checklist which allows you to quickly fill out, print and sign the forms.
LTC boast a team of experienced staff with a combined expertise of over 25 years.
Disadvantages of Choosing Liberty Trust Company
Lacks Online Reviews
Liberty Trust Company is neither listed on any online directory nor does it have reviews on respected third-party consumer protection websites such as the BBB.
Their website has an old, outdated design. They lack modern technology to allow customers to easily create accounts and select their preferred investment assets online. Also, with their outdated website, customers are unable to manage their accounts online.
Compared to our top-rated IRA custodians, it’s clear that Liberty Trust Company charges some of the most expensive fees in the industry. Apart exorbitant transaction and processing fees, the company is also known to charge extremely high annual and account termination fees.
Out Of Business
We’ve learnt with great surprise that Liberty Trust Company is no longer in business. We recommend you read about out alternative IRA custodian instead on this page.
Accreditation, Customer Reviews & Ratings
Liberty Trust Company is not accredited with the BBB and doesn’t have reviews or customer ratings on the platform. Moreover, the company lacks reviews on almost all major online review websites be it Yelp, Trustpilot, Trustlink, Business Consumer Alliance or Ripoff Report.
Is Liberty Trust Company Legit Or Scam?
Is it a scam? The answer is NO. Liberty Trust Company is a legit self-directed IRA custodian and administrator with a real, verifiable address.
Liberty Trust Company Reviews- Conclusion
Liberty Trust Company is a firm whose main aim is to provide custodial and administrative services for self-directed IRAs and qualified retirement plans. The company is managed by highly experienced executives known to offer thorough client education.
Despite the pros, Liberty Trust Company also has its cons which include exorbitant fees, outdated website and exorbitant annual and transactional fees.