Financial Advisors now have access to over 20 sponsors through First Trust Retirement (First Trust), a custodian and provider of self-directed IRA’s that specializes in alternative investments. Advisors and their investors have the opportunity to invest IRA, Roth IRA, and Simplified Employee Pension Plan assets into alterative investments such as non-traded REITs and BDCs through the custodian’s platform.
First Trust is powered by DST, a global provider of data management solutions for asset managers.
The newest sponsor added to First Trust’s lineup is MVP REIT, Inc. (MVP), a public, non-traded REIT hybrid.
“We’re pleased to see a product manufacturer like MVP REIT join the First Trust lineup,” says Larry Kiefer, Vice President of Business Development at DST. “It’s a win for everyone involved…advisors gain access to a wide variety of investment options and the sponsors are able to round out their product offerings on DST’s platform.”
In addition to the San Diego-based MVP, other notable sponsors available on the platform include Behringer, Cole, Franklin Square, Griffin, and NorthStar.
The self directed IRA market continues to pick up steam with several custodians popping up around the country. These firms provide investors opportunities to invest in many types of alternative investments including commodities, non-traded REITs, direct real estate, and direct investments.