New Direction Trust employs over 70 employees and holds 1.6 billion dollars in IRA assets under administration. One of the founding principles of New Direction Trust, Inc. is to bring information about self-directed IRA investing out of obscurity and into the arena of common knowledge. New Direction Trust employs an education-based business model with the goal of making the details of self-directed IRA investing transparent and accessible.
IRA Setup Fee: $25 – One-Time IRA Setup Fee (charged at the time of account establishment)
Transaction Fee: No direct Transaction Fees are charged to your New Direction Trust account. Based on the type of metal, OWNx will pay New Direction Trust 0.3% for the amount purchased. Transfers Out, Partial Distribution or Full Distribution: 0.5% of the value (minimum of $25, maximum of $95)
- Account value: $0 – $50,000 Fee: $50.00
- Account value: $50,000.01 – $100,000 Fee: $75.00
- Account value: Over $100,000 Fee: $125.00
* The Annual Fee will be charged at the time of the first transaction and annually thereafter.
Annual Statements: $10 if by mail, electronic statements provided at no cost.
There is a small yearly storage fee of 0.4% of the value of your holdings. To make it easy, OWNx divides this storage over 12 months and automatically deducts it from from your gold or silver holdings on the first of each month.
Other fees may apply such as wire transfers, expedited services, late fees, etc. as appropriate.