Independent fee-based financial advisors are increasingly turning to Next Generation Trust Company to help clients access alternative assets such as real estate, precious metals, and private placements through self-directed IRAs. The Roseland, New Jersey-based firm, which acts as a full-service administrator and asset custodian for self-directed IRAs and other plans, announced that it is working with advisors to broaden clients' investment horizons beyond traditional stocks, bonds, and mutual funds.
The shift comes as several leading retail brokerages and financial advice companies have begun expanding access to cryptocurrency futures, signaling growing demand for alternative investments. For self-directed investors, however, cryptocurrency and related investments have long been among the many alternative assets they may include in a self-directed IRA. In an article published on the company's website, CEO Jaime Raskulinecz explained why independent fee-based financial advisors are working with her firm to expand clients' access to real estate, precious metals, private placements, and other alternative assets that self-directed IRAs allow.
"We have found that many financial advisors turn clients away from alternative investments because those assets are not in their usual advisory wheelhouse," Raskulinecz said. "However, by working with Next Generation, independent fee-based advisors retain their assets under management, customary fee structure, and valued client relationships without the burden of handling asset custody, administration, and transaction execution. And because we do not offer investment advice, we never compete with advisors."
For advisors, the partnership offers a way to diversify their practice without taking on the operational complexities of alternative investments. Next Generation handles custody, administration, and transaction execution, allowing advisors to focus on managing client relationships and providing investment advice. Advisors also gain opportunities to expand their own investment portfolios through increased knowledge about alternative assets.
More information about the company's advisory structure is available here. Independent fee-based advisors can sign up for emails that provide details about working with the company, as well as education about alternative assets, at www.NextGenerationTrust.com.
The move is significant for the financial advice industry as alternative assets gain mainstream attention. By bridging the gap between advisors and alternative investments, Next Generation Trust Company aims to help advisors retain clients who might otherwise seek out self-directed options on their own. For investors, the collaboration could mean greater access to diversified portfolios within the framework of a self-directed IRA, potentially enhancing retirement outcomes. As demand for alternatives continues to rise, partnerships like this may become more common, reshaping the advisory landscape.
