When choosing to open your self-directed IRA, there will be many things to consider before selecting the best custodian. Alongside service and experience, one of the main considerations will most likely be the fees. Some custodians boast minimal fees, and although that may seem enticing at first, this usually comes with a less positive overall experience.
Our mission at Quest Trust Company has always been to provide the best experience for our clients and the highest quality of customer service, or as we like to call it “world famous customer service.” At Quest, we make sure our clients’ needs are always at the forefront of every choice we make, from day to day decisions to companywide implementations like systems and procedures.
So, how do those fees compare to other Self-Directed IRA custodians?
Quest Fees Compared to Others
Our rates remain competitive compared to other self-directed IRA providers. While their administrative fees may appear lower, transaction and miscellaneous fees may be substantially higher. Additionally, services like closing an account, 24-48 hour turn-around time, or doing Roth conversions remain free at Quest when other companies charge hidden fees for similar accounts tasks.
Quest Trust Company: 3 Administrative Fee Options, NO Account Termination Fee, 24-48 hour funding time with NO Expedited Fees, NO Minimum Cash Balance Required, NO charge on incoming wires/checks and more!
Quest was determined to rank in the top half compared to other custodians, taking the spot of 3rd place overall when compared to 12 others. The level of customer service received when you have an account at Quest surpasses that of custodians with cheaper fees, allowing us to still be one of the custodians to provide the best value!
Education to Set Us Apart
While other custodians may be able to provide the ability to self-direct your IRA, not every custodian will provide quality education to help the client make the best investment decisions. Quincy Long, our CEO, has always said, “the best clients are the most educated clients,” and this is why we have always provided the free, quality educational material to our clients and to the public.
We also believe the same holds true with our staff. At Quest, we believe that an educated and qualified staff is necessary in order to provide the level of service our clients deserve and set us apart from other custodians, regardless of fees.
Features with your Quest Accounts
Quest is always working to enhance the education programs we have in place, but also develop new training programs centered on providing better and faster service. Continuous advances to our systems allow Quest to be one of the self-directed IRA custodians on the forefront of investing technology. Whether we are giving clients more access to take control of their investment all throughout the process in the improved Client Portal or implementing new features, we’re focused on being able to put the control in the hands of the client.
Fees will always be a consideration when choosing to open a self-directed IRA, but remember- cheaper isn’t always better. We hope that our clients continue to find our services valuable as we strive to be the best Self-Directed IRA custodian in helping new and old investors to create their wealth for tomorrow!
We would love to share the many benefits of being with Quest Trust Company. To get more free education or information about starting your self-directed IRA, give a friendly Quest Certified IRA Specialist a call at 855-FUN-IRAS (855.386.4727). To learn more about how to get started investing with a self-directed IRA, schedule a 1-on-1 consultation with an IRA Specialist by clicking HERE.