Security Trust Company Reviews & Ratings 2024

Planning to join Security Trust Company and take advantage of their investment opportunities? Before you do so, you should attentively read this Security Trust Company review to determine if it is the ideal administrator for your self-directed IRA.

What Is Security Trust Company?

Security Trust Company Reviews

Security Trust Company, also known as STC, Inc., is a retirement plan administrator whose primary responsibility is to assist retirees in making prudent investments with their resources. In addition to providing a variety of investment options, Security Trust Company offers free guidance throughout your alternative investing journey.

Security Trust Company Review Summary


Hagerstown, Maryland


223 N Prospect St. Suite 202, Hagerstown, MD 21740

Year Founded:



Mick Hersh (CEO), John Laughlin (President)



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Security Trust Company Products & Services

Security Trust Company provides a variety of investment options to assist retirees diversify their portfolios. There are Traditional IRA, Roth IRA, and SEP IRA accounts available. Real Estate, Tax Liens, Private Lending, REITs, Single and Multi-Member LLCs, and Limited Partnerships are permitted investment vehicles. Additionally, STC is not left behind when it comes to client education, as they occasionally host informative webinars.

How It Works

Unlike other administrators, Security Trust Company’s website lacks account creation forms. Instead, you must contact them via telephone or email and request guidance. The company’s knowledgeable representatives will discuss the available options and assist you in establishing a self-directed IRA account that matches your investment objectives.

Security Trust Company Fees

There is little fee information on their official website; therefore, you must call and ask for the information. However, we were able to determine that their account establishment and termination fees are $2,000 and $350, respectively. In comparison to other self-directed IRA providers, Security Trust Company charges excessive fees.

Pros of Security Trust Company

  • Insightful Webinars

Security Trust Company places a premium on customer education; consequently, they regularly host informative webinars. Their webinars are packed with sophisticated information about self-directed retirement accounts and are advantageous for both experienced and novice investors.

  • Professional Team

The company is managed by a team of professionals, including John Laughlin and Mick Hersh, with extensive financial and managerial expertise. In addition to helping you set up your account, they vow to review your plans and assist you in meeting the account’s complex reporting requirements.

Cons of Security Trust Company

  • Limited Account Types

STC only offers three categories of self-directed IRA accounts. This restricts the number of alternative investments available for investment.

  • Not BBB Accredited

They are not accredited by the BBB, one of the nation’s most reliable consumer protection websites. This is a major red flag, as the vast majority of reputable businesses, whether IRA administrators or not, are BBB-accredited.

  • Limited Information On Fees

On their website, no information regarding annual fees is provided. It is not only inconvenient but also time-consuming to call customer service to obtain the necessary information. We prefer companies that publish their entire fee structure on their official website.

  • No Live Chat

There is no live chat support, so you cannot get immediate answers to your questions online.

  • No Reviews Online

There are no reviews of Security Trust Company on any of the main review websites.

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Accreditation, Customer Reviews, and Ratings

Security Trust Company is not accredited by the BBB and does not have any user reviews, ratings, or complaints listed on the platform.

Security Trust Company BBB Reviews

Similarly, the company lacks reviews and ratings on all of the most prominent review websites, including Yelp, Trustpilot, Trustlink, and BCA.

Is Security Trust Company Legit?

Is Security Trust Company legit or a scam? Since Security Trust Company has a physical address in Hagerstown (223 N Prospect St., Suite 202, Hagerstown, MD 21740), they are unquestionably a legitimate administrator of self-directed IRAs. In addition, the company is led by renowned financial administrators.

Security Trust Company Alternatives


Security Trust Company is a self-directed IRA administrator based in Hagerstown, Maryland. The company offers self-directed IRAs in addition to a variety of investment options, such as Real Estate, Tax Liens, and Private Equity, among others. Due to their dedication to client education, Security Trust Company’s employees regularly host informative webinars.

In contrast to the majority of its competitors, Security Trust Company offers fewer account types and investment options. In addition, the company provides limited fee information and lacks reviews and accreditation on reputable review websites such as the BBB.

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