About U Direct IRA (Self directed IRA Company from California)

4 Replies

Did anybody used U DIRECT IRA SERVICES (Self Directed IRA Company from California).

If anybody did  it,can you please comment on its Trustworthiness and the service they provide.

I want to roll my retirement funds into that company,I know their yearly fees is pretty reasonable.

I wanted to get the feedback before i roll  more than 100,000 (Whole retirement savings).

Appreciate for all your answers.


@Subhas Donthireddi

U-Direct is what is referred to as a 3rd party administrator.  They provide a customer service layer, but do not take custody of client funds.  They utilize American Estate & Trust as custodian.  You would want to perform diligence on both firms.

@Subhas Donthireddi

Both companies have been discussed here on Bigger Pockets before. I would pull up those forum posts for some background.

In the realm of SDIRA's, @Subhas Donthireddi , there are custodians and there are administrators. By law, all IRA funds must be held by a custodian. Depending upon whether they are a bank or a trust company, custodians are heavily regulated by the IRS, DOL, and possibly the FDIC, State Banking Commissioner, and the Comptroller of the Currency. Administrators are not subject any to such scrutiny and are really just middleman.

An administrator will pass your funds to a custodian, provide statements, and hopefully help you stay within the law when you invest your IRA funds. Custodians do exactly the same thing but with the added regulatory and financial scrutiny. Why would you place your money with an administrator?

Maybe not perfect, but you can tell if you are dealing with a custodian rather than an administrator because they will usually have the word "Trust" in their name or they will be a bank. If it's not clear to you, then ask. And, if you don't think that it matters, take a look at what happened to those that placed their IRA funds with American Pension Services, an administrator.

uDirectIRA does a lot of marketing. Don't confuse that with safety.

Thank you for the responses.

How can we see the previous posts if the topic is already discussed.



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