In recent times, investment opportunities are on the rise, with them, a new breed of scams and hoaxes. No one wants to lose out on their hard-earned savings, which is why it is integral for you to choose the right company for all your investment needs.
In this Strata Trust Company review, I will talk about the company and its amazing services. This company might be the perfect choice for you if you need a diverse set of investments.
Finally, when you have finished reading the article, you can make an informed decision as to whether you want to continue with Strata Trust Company or not.
A Brief Overlook Of Strata Trust Company
Service you can trust is often hard to find. When it comes to this company that may not be the case, as Strata Trust Company was founded back in 2008. It is entirely an ancillary of Horizon Bank, SSB.
The company is based in Texas and was previously known as Self-Directed IRA Services Inc. This should give you a hint as to what they may specialize in. Since its rebranding, the Strata Trust Company has included many investment services.
All of these are accompanied by professionals in their respective fields. The people at Strata Trust Company have always had a sense of pride in the success of their customers and clients. I should now understand what the company aims for its clients.
Strata Trust Company’s Mission
The people at Strata Trust Company claim to have built their entire reputation on trust and commitment. This is why they aim to provide customer-focused technology regarding IRA transactions and processing.
Each step they take is for the customer’s benefit, which is why they also provide a solid group of professionals, each an expert in their field.
Another point they talk about is the flexibility they aim to offer, which many companies lack. They provide a personalized service based on robust regulations and dedication toward the customer.
Regardless of your investment requirement, you can be sure that the Strata Trust Company will be in your corner throughout the process.
If you like what you have read so far and want to get into direct contact with the company, and then you are in luck. I have listed all their relevant information below so you can easily talk to them.
The Services Provided By Strata Trust Company
In this part of the article, I will talk about the company’s services. Usually, companies I tend to review only have a few services. Thankfully, the Strata Trust Company has gone above and beyond.
Thus, they have included various services for you to put your money into. This alone should show you why you should give this company a chance. Be sure to go through them all if you want to invest in more than just precious metals.
IRA Services Of Precious Metals
First and foremost, I should talk about their IRA services regarding precious metals. You can choose to hold, sell or invest in the metals at any time. Not only can you invest in typical metals like silver and gold, but you can also do so in platinum and palladium.
A good choice for entrepreneurs is crowd funding. This allows them to raise funds for start-ups. If you decide to join this company, you can choose to invest in a variety of different opportunities and crowd funds.
Nonetheless, this is a great way to diversify your portfolio and help aspiring entrepreneurs reach their goals while making a profit yourself.
Real Estate IRA
Real Estate IRA could be another good choice if you are retiring. This service will let you use your hard-earned money to save on physical property via a self-directed IRA. You can get the option to invest in all sorts of properties ranging from raw land to commercial properties.
When you purchase precious metals, you will want a safe and secure place to store them. Luckily, the company offers two different types of storage options for you to choose from.
You can opt to have your metals placed in a segregated or non-segregated storage facility. Both of these have different prices, which I will talk about later.
Strata Trust Company Products
While the company may not allow you to buy, sell or exchange metals, it can help you invest in them. This company can be a good choice with a diverse array of products made up of various metals if you are looking into metal investment.
To prove my point, I will list the products in which the Strata Trust Company allows you to invest.
- American Eagle Bullion & Proof Coins
- Australian Kangaroo/Nugget Coins
- Australian Lunar Series Coins
- Austrian Philharmonic Bullion Coins
- British Britannia
- Canadian Maple Leaf Coins
- Chinese Panda Coins
- Credit Suisse Or PAMP Suisse Bars
- U.S. Buffalo Bullion Coins
- American Eagle Bullion & Proof Coins
- America The Beautiful Coins
- Australian Kookaburra Coins
- Austrian Vienna Philharmonic Coins
- British Britannia
- Canadian Maple Leaf Coins
- Chinese Panda Coins
- Mexican Libertad Bullion Coins
Other Metals (Platinum& Palladium)
- American Eagle Bullion & Proof Coins – Platinum
- Australian Koala Bullion Coins – Platinum
- Canadian Maple Leaf Bullion Coins – Platinum & Palladium
- Isle Of Man Noble Bullion Coins – Platinum
Traditionally, most companies only offer an array of products consisting of silver and gold. This company goes above and beyond, offering a diverse selection of metals, including platinum and palladium.
All of these points towards the Strata Trust Company being perfect for those who wish to diversify their assets in many metals.
Pros And Cons Of Strata Trust Company
One way to get a read on a company is to see how you can benefit from it. This can come in the form of services that the company offers or the ratings it has received, which can steer you in the right direction.
In this part of the article, I will look at the company’s pros and cons. Reading these should help you decide whether the company is suitable for you.
- Properly defined Self Directed IRAs.
- Variety of investment options.
- Deal in various precious metal IRAs.
- Branch of the Horizon Bank.
- A website is full of information.
- Various calculators are available on the website for customer use.
- A+ rating by the Better Business Bureau.
- Their customer service is lackluster.
- The company has a cluttered website.
- User reviews of the company are mixed.
- Too many fees.
- No free shipping.
The majority of their pros will cater to a specific audience. A counterpoint is that many cons are annoyances at best and easily avoidable. While the company’s image may be questioned due to the inconsistent reviews, the result remains the same.
Strata Trust Company’s Ratings
Various organizations and websites have recognized the reputation and success of the Strata Trust Company. While some may offer mixed reviews of the company, others may paint it in a good light.
You should always check the perception of the community on a company before you decide to invest in it. That being said, here is how this company fairs when it comes to ratings:
- The company has 4 out of 5 stars on Indeed.
- The Strata Trust Company has 4.7 out of 5 stars on Trustpilot. This is the result of over 981 reviews.
- Completely positive reviews on their website.
Aside from all of this, there is not much else to weigh on. One thing I will point out is that majority of the reviews of Trustpilot are 5 stars. That being said there are more mixed reviews, which is usually not the case.
This raises some serious red flags about the company’s consistency toward its customers. Alternatively, it could mean people do not see it as a particularly good investment company.
Is Strata Trust Company A Reliable Company For Precious Metal Investments?
If you choose Strata Trust Company, you will be in good hands. Having an A+ trust rating from the BBB is more than enough to tell you that this company is completely trustworthy. If that is not enough for you, knowing that it is a secondary company of Horizon Bank should put you at ease.
The company is not a scam by any means and is flourishing in success despite the mixed reviews. While you may not like the fees, which I will talk about in a bit, it is, quite literally, a small price to pay for the security and service they provide.
Fees In Strata Trust Company
An integral deciding factor when it comes to investing companies is their pricing structure. Most companies stick to an annual fee system, and Strata Trust Company is no exception. They have a flat annual IRA fee of $95 for precious metals, but this will increase to $125 for a basic IRA.
Additionally, this can double up to $300 if you opt for a Flex IRA. All of this is also accompanied by a setup fee of $50. This fee remains consistent regardless of the IRA you choose.
While not a major focus in this article, I should also mention that their real estate holing has a fee of $150. This is $100 more than their private investment holding, which is $50. If you plan to purchase, sell or exchange either of these, you are looking at the same fee depending on the type of holding.
All IRA accounts will have a $100 fee to keep your precious metals safe. Furthermore, this price is the same for all accounts. An annual storage fee is also something that Strata Trust Company charges. If you want a segregated metal storage option, you will have to pay around $50 more.
Finally, if you plan on selling or exchanging them, you will have to pay an additional $40 fee. These are usually the main fees you will have to worry about when dealing with this company.
That being said, there are plenty of more fees that you should look into, such as the account closure fee and the research fee. You can find all of this on their website.
Why Choose The Strata Trust Company Over Its Competitors?
Choosing the best company is all about looking for an edge. The characteristic that distinguishes one company from another is its reputation and renown. Luckily, the Strata Trust Company has a lot of renown and has made quite a reputation for itself.
They have unmatched services which are personalized for their customers and offer a wide range of investment platforms. They have employed many advisors and professionals who help cater to their clients.
Companies with mixed reviews are usually hiding some sort of issue. In the case of this company, that may be their customer service. It could also be their cluttered website.
Strata Trust Company has always had a good range of satisfied customers, as seen in the reviews they have mentioned on their website. When compared to its competition, this issue is not that great.
Frequently Asked Questions
Q1: How Does Self-Directed IRA Work?
Self-directed IRAs offer the same benefits as traditional IRAs or Roth IRAs. The only difference is that they have a different set of assets that you can own in that particular account. They can include assets that are generally not allowed for normal IRAs. Typically, they are more difficult to manage as well.
Q2: Does The Strata Trust Company Offer Investment Products Or Advice?
Strata Trust Company is an IRA custodian. This means that they do not sell any sort of investment products or advice. Being a custodian means not being able to provide any form of legal, tax, or investment advice. If you need advice or guidance, you should contact a professional advisor.
Q3: Is There A Home Storage Option For Precious Metals Provided By The Strata Trust Company?
As of writing this article, the IRS guidelines clearly state that any precious metals must remain in the company’s custody.
Until your precious metal assets are distributed or sold, they will remain in the company’s custody. You can take possession/control of the metals while they are in the hands of the company.
Q4: Are Self-Directed IRA Investments Insured?
Accounts opened by the Strata Trust Company are only insured if they have cash inside. That cash is insured up to $250,000 and is done so by the FDIC. In the case of other assets, such as precious metals, the accounts will not be insured. This means they are liable to lose their value.
Q5: How Do You Cash A Check From Strata Trust Company?
As with any company, this allows you to go to the bank or a credit union to get your money. You should, however, know that just like these other companies, the people at Strata will charge you a fee. The result will be $100+ if you want to sell your assets and get your check.
Choosing an investment company is never easy due to the various potential companies to choose from. The takeaway from this Strata Trust Company review is that the company can easily distinguish itself from its competitors.
But does that mean that it deserves your investment? If you are looking for a company that helps diversify your assets in many sectors, then the Strata Trust Company is perfect for you.
If you typically want to spend on precious metal IRA or bullion, I suggest you look elsewhere. Regardless of your wants, you should not write off this company because of its critical acclaim and success.
Martin Thomas, the owner of Sutter Gold Mining, is a true gold investment aficionado. With decades of experience and a wealth of knowledge, he is the go-to source for anyone navigating the vast world of precious metals. Martin has dedicated decades of his life to understanding the intricacies of the precious metals market and the best strategies for maximizing returns. His expertise in this field is unmatched, and his commitment to helping others make informed investment decisions is unwavering. With him as your guide, you’ll gain a deeper understanding of the gold market and learn how to make smart investment choices that will benefit you for years. With his guidance and wisdom, you will never have to worry about taking the wrong investment step again.