As major retail brokerages begin to offer cryptocurrency futures, self-directed investors have long had access to a wider range of alternative assets through self-directed IRAs. Next Generation Trust Company, a full-service administrator and asset custodian for self-directed IRAs, is working with independent fee-based financial advisors to ensure their clients can also access these investments. The company's CEO, Jaime Raskulinecz, explained the rationale in an article published on the company's website.
According to Raskulinecz, many financial advisors turn clients away from alternative investments because those assets are not in their usual advisory wheelhouse. However, by partnering with Next Generation, independent fee-based advisors can retain their assets under management, customary fee structure, and valued client relationships without the burden of handling asset custody, administration, and transaction execution. Because Next Generation does not offer investment advice, it never competes with advisors.
This arrangement matters because it allows advisors to meet growing client demand for diversification into assets such as real estate, precious metals, and private placements while staying focused on their core advisory services. For clients, it means greater access to alternative investments that were previously difficult to implement within a traditional advisory relationship. For the industry, it signals a further blurring of the lines between traditional advisory services and alternative asset access, as more investors seek out non-correlated assets.
Next Generation is a full-service administrator and asset custodian for self-directed IRAs and other plans. Advisors who work with the company also gain opportunities to diversify their practice and expand their own investment portfolios through increased knowledge about alternative assets. Information about the company's advisory structure is available here.
Independent fee-based advisors are invited to sign up for emails that provide details about working with the company, as well as education about alternative assets, at www.NextGenerationTrust.com. Next Generation Trust Company is chartered in South Dakota and acts strictly as a neutral, administrative third-party custodian; it does not evaluate, recommend, or endorse any investment product or strategy. Its sister firm, Next Generation Services, provides comprehensive account administration and transaction support, guiding clients and their trusted advisors through a seamless transaction experience from start to finish.
The move comes as more investors seek to include alternative assets in their retirement portfolios, and as advisors look for ways to serve those clients without taking on custodial or administrative responsibilities. By providing a framework for collaboration, Next Generation aims to help advisors keep clients who might otherwise seek out self-directed options on their own, while ensuring those clients receive the education and support they need to navigate alternative investments.
