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Self Directed IRAs - Alternative Investments
1. What is an Alternative Investment?
An alternative investment is any asset that is not publicly traded. Examples of alternative investments are: private
placements, annuities, mortgages, mortgage backed securities and real estate.
2. How do I invest in an Alternative Investment?
Some securities need to go through an administrative review process before an investment can be made. The review process usually
takes 2 to 5 business days. Once a security is reviewed
and approved, and we are in receipt of all properly executed documents, the investment can be made. Different procedures are followed for
different types of investments. You should contact our Alternative Investment Department for specific details.
3. If I open a new account with Millennium Trust, how long
would it be before my Alternative Investment is made?
All new accounts must go through a 7 day revocation period. Once the investment has been reviewed and approved (if required),
all properly executed investment paperwork completed for the purchase, and your funds have cleared (5 business day hold on all checks),
the alternative investment can then be made.
4. How are my funds sent for the purchase of an Alternative
Investment?
Funds are typically sent out by wire transfer or check. Paperwork is sent by regular mail or, if directed, express mail (appropriate
fees apply).
5. How would you reflect the value of my Alternative Investment?
Unlike a publicly traded asset where values are updated daily, alternative investments require periodic valuations. These valuations
can be obtained from many different sources. Millennium Trust receives information from the company in which you invested, independent
pricing firms and/or appraisals. The information taken from these sources is used to update your account value. This information is reported
to you by internet access and/or quarterly account statements.
6. Does Millennium Trust provide investment advice?
No. Millennium Trust performs the duties of an IRA custodian and, as such, does not provide investment advice or sell investments,
nor offer any tax or legal advice.
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