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Precious Metals IRA

 

News Of Interest

Trust Administration Services Exits The Offshore Investment Business

 
Trust Administration Services Corporation, an IRA Administrator located in Carlsbad CA, recently announced they will no longer accept “Offshore Investments”, as well as certain other privately held corporations and unsecured promissory notes.
 
TASC states in their letter the decision is due to ongoing administrative issues they have experience with certain asset types. In a separate letter to our firm TASC has stated it is their “intention to resign on accounts that hold offshore assets”. This will require clients of TASC who hold these investments to either liquidate them or transfer their accounts to another custodian who will hold these assets.
 
TASC also has indicated they will waive their normal termination fees related to the transfer of these accounts.
 
SIPS welcomes any clients of TASC who find themselves in this position. We would be more than happy to assist you in the process of transferring your accounts and any of these investments.
 
To start the transfer process please contact our office and request the appropriate paperwork.
 
 
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