PENSCO Marketplace, a resource that furnishes a network of providers, products, and services for alternative investments, announced that it has added four additional crowdfunding platforms to its site.
LendZoan, Equity Round, EarlyShares, and SilverPortalXchange join the ranks of five other sites on PENSCO Marketplace, including CircleUp, HealthiosXchange, I-Bankers Direct, RockThePost, and Zanbato.
“As the popularity of crowdfunding portals explodes, we see growing interest in using retirement accounts to invest in non-exchange traded alternative investments,” commented Kelly Rodriques, CEO of PENSCO. “We are thrilled that The PENSCO Marketplace™ is becoming a discovery source for investors looking for IRA eligible opportunities,” he added.
PENSCO Marketplace has been met with increasing amounts of traffic and in a recent survey it was discovered that 69% of PENSCO’s self-directed IRA clients are interested in more non-traded alternatives, given greater access.
Many of the offerings found on the sites featured on PENSCO Marketplace have been pre-reviewed by PENSCO. In addition, the website also features access to attorneys, financial planners and tax professionals who specialize in real estate, private placements and various other alternative investments.
According to PENSCO’s client study, a majority of those surveyed admitted a need for more education in regards to finding and utilizing alternative investments and more understanding about how to use crowdfunding.
“While crowdfunding has opened up a whole new world of opportunities, we recognize that along with investor interest comes the need for additional education and awareness about using retirement dollars to access deals on these platforms,” continued Mr. Rodriques. “The PENSCO Marketplace™ is intended to be a go-to resource for individual investors’ alternative investing needs and we look forward to continuing to add providers and resources for our clients and our partners in the future.”