Thinking of seeking Preferred Trust Company’s custodial services, but can’t make a final decision? Please read this Preferred Trust Company review to get answers to all your questions.
Table of Contents
- 1 What Is Preferred Trust Company?
- 2 Does Preferred Trust Company Offer Precious Metals IRAs?
- 3 Preferred Trust Company Review Summary
- 4 Location:
- 5 Address:
- 6 Year Founded:
- 7 Management:
- 8 Website:
- 9 Rating:
- 10 Preferred Trust Company Products & Services
- 11 How It Works
- 12 Preferred Trust Company Fee Schedule
- 13 Account Setup & Account Termination Fees
- 14 Annual Account Administration Fees
- 15 Pros of Preferred Trust Company
- 16 Client Education Is Offered
- 17 Excellent Reviews and Ratings
- 18 Great Customer Support
- 19 Cons of Preferred Trust Company
- 20 High Fees
- 21 Accreditation, Reviews & Ratings
- 22 Is there a Better Alternative to Preferred Trust Company?
- 23 Is Preferred Trust Company Legit or Scam?
- 24 Preferred Trust Company Reviews Conclusion
What Is Preferred Trust Company?
Preferred Trust Company is a licensed trust company based in Paradise, Nevada. Established in 2007, the company acts as a custodian and administrator of self-directed IRAs. Their mission is to provide unparalleled customer service as well as customer education to their clients countrywide.
Does Preferred Trust Company Offer Precious Metals IRAs?
As an IRA custodian, Preferred Trust Company does not sell precious metals or any other investments. If looking to open a Precious Metals IRA, we recommend Goldco Direct, as it offers both self-directed IRAs and IRA-approved precious metals. Click the link below to learn more about Goldco Direct.
Preferred Trust Company Review Summary
2140 E Pebble Rd #140, Las Vegas, NV 89123, United States
Christina Trembly (Director of Operations)
Preferred Trust Company Products & Services
Preferred Trust Company helps you to open self-directed IRA accounts such as Traditional IRA, Roth IRA, SEP IRA, SIMPLE IRA and Trust Account. Their clients mainly invest in alternative assets such as digital currencies, IRA LLC with Checkbook Control, Limited Partnerships, Deeds of Trust, Private Placements, Private Lending, Precious Metals, Real Estate, Tax Liens, Trust Deeds and many other investments.
How It Works
The first step to getting started with Preferred Trust Company is to visit their website and click the ‘open account’ link to access account application kits. Select the type of self-directed IRA you want to open and complete the application form online via Adobe E-Sign or by downloading it in PDF format. The following information is required to complete the application process:
- Valid photo ID
- Your beneficiaries name, SSN, relationship and percentage designation.
If you need assistance during application process, you can call or email Preferred Trust Company’s customer service representatives.
Preferred Trust Company Fee Schedule
The basic fee schedule for Preferred Trust Company is as follows:
Account Setup & Account Termination Fees
- Account setup Fee: $50
- Account Termination Fee: $300
Annual Account Administration Fees
- $0-$50,000: $300
- $50,001-$100,000: $400
- $100,001-$200,000: $500
- $200,001-$300,000: $600
- $500,001-$600,000: $900
- >$600,000: $1000
Here’s the full Preferred Trust Company fee schedule.
Pros of Preferred Trust Company
Client Education Is Offered
PTC’s mission is to provide customer education and therefore they provide frees resources to help you understand the types of alternative assets that can be held in a self-directed IRA. In addition, they have a very detailed ‘Frequently Asked Questions’ section.
Excellent Reviews and Ratings
They boast a 4.9/5 stars rating on the BBB, and their average rating on many other review websites is 5 stars. Besides, they’ve very few negative reviews and complaints.
Great Customer Support
With their competent team of client service representatives, PTC is able to assist you whenever you need help. You can reach them through phone, email or live chat support.
Cons of Preferred Trust Company
Despite their honesty and openness, it appears that their fees are higher than what is charged by most IRA custodians.
Accreditation, Reviews & Ratings
Preferred Trust Company is accredited with the BBB and boast an excellent rating of 4.91/5 stars based on 121 customer reviews. On Trustpilot, they are rated 4.8/5 stars based on 67 reviews, while on Yelp, they boast a 5/5 rating based on 1 customer review.
PTC has no customer reviews or ratings on the Business Consumer Alliance and Trustlink.
Is there a Better Alternative to Preferred Trust Company?
PTC is a reputable self-directed IRA custodian. However, the company does not sell any investments or offer investment advice. For this reason, we recommend a firm that offers both self-directed IRA accounts and investment assets. You can learn about our #1 recommended custodian via the link below.
Is Preferred Trust Company Legit or Scam?
Preferred Trust Company is a state regulated company with more than 14 years of experience specializing in self-directed accounts, and therefore it is a legit company.
Preferred Trust Company Reviews Conclusion
Preferred Trust Company is a self-directed IRA custodian with a mission to provide unparalleled IRA services and education to clients. The company prides itself in offering outstanding customer support and this is validated by excellent customer ratings and reviews online. However, Preferred Trust Company Charges higher fees than most of its competitors.