Effective December 1, 2011, Entrust New Direction IRA will become simply "New Direction IRA, Inc." due to the pending mutual dissolution of the franchise system by us and the Entrust Group, which will be effective December 31, 2011.
Over the last few years, the franchise model of the Entrust Group has limited our ability to efficiently handle mandatory financial reporting requirements. One of the great benefits of this change will be New Direction's ability to report directly to the custodian of our client accounts, First Trust Company of Onaga (FTCO), rather than routing transactions and documents through centralized third party processors. The direct connection will allow enhanced communication for our reporting and facilitate FTCO's more direct oversight. The New Direction staff will remain the same group dedicated to providing account holders access to the investments of their choice.
Although our name is changing, our business model remains on the same firm footing. As mentioned above, the custodian that holds our IRA assets in trust, First Trust of Onaga, will remain the same. Cash assets will continue to be FDIC insured. Each retirement account will continue to be administered with comprehensive financial oversight and with the integrity and attention that you have come to expect from us.
These are exciting times at New Direction IRA. For while the foundation of the business is staying the same, changes are coming that will allow us to deliver even more efficient service. Namely, we will soon be offering the ability to open an account online, the ability to safely upload documents online, faster disbursements, shorter turnaround times for account transactions, and the ability for clients to track their investments more closely. So, for you who have worked with us to satisfy our mutual clients, we will be able to perform our role with greater efficacy than ever. And for those of you who have been our partner in providing education for an interested public, New Direction will be in even better position to be creative and flexible in developing and delivering information.
New Direction IRA is creating a more convenient and efficient business by combining its exceptional expertise and customer service with new efficiencies to make self-directed IRAs more accessible than ever.
New Direction IRA, Inc.
1070 W. Century Dr. Ste. 101
Louisville CO 80027
p 303-546-7930, x113
toll free: 877-742-1270
For our FREE educational events on Self-Directed IRAs, visit: http://events.NewDirectionIRA.com/