The Pensco Trust Company offers trust services that include holding private equity, notes, real estate and other types of xchange-traded assets, explains The Pensco Trust Company. It provides services to individual investors as well as investment sponsors, financial planners and professional service providers.Continue Reading
The Pensco Trust Company is a self-directed individual retirement account custodian, and the company facilitates initial investments and administers the assets into client accounts over the course of the lifetime of the asset. Pensco also manages the record keeping that is required by the Internal Revenue Service, and the company handles the reporting of the distributions, contributions and investment activity on the account. This includes the quarterly reports, the annual asset valuation processing and other document as needed, the company explains.
Clients can hold a number of alternative assets in their self-directed IRAs when utilizing the services of Pensco Trust Company. Those assets include real estate, promissory notes, private equity, offshore funds, foreign currencies and precious metals. The Pensco Company determines if the investment is allowed to be held in a self-directed IRA and receive the tax-advantage benefits that come with that type of account, but the company does not endorse the actual investment, reports the company.Learn more about Credit & Lending