Kingdom Trust launches KingdomCrowdIRA.com
The Kingdom Trust Company has launched KingdomCrowdIRA.com, a digital space dedicated solely for crowdfunding investing within a self-directed IRA.
In conjunction with the launch, Kingdom Trust is waiving the account opening fee as well as introducing a USD100 annual fee which will be available to individuals who are investing in crowdfunding opportunities.
"We are committed to continuing to be the innovator in the crowdfunding space," says Kingdom Trust chief executive and co-founder Doug Lawson. "We work with the most platforms and portals as a result of our leading edge on-line account processing. Now, we are making the entry price a win-win for both our institutional clients and retail investors."
In addition to serving as a self-directed IRA custodian for crowdfunding, Kingdom Trust also provides custody services for the private equity, debt and peer-to-peer lending marketplace.
As the crowdfunding market grows beyond strictly accredited investors, which is approximately 8.5 million, the retirement industry opens up an estimated USD5.8trn market, according to Kingdom Trust vice president of business development James A. Jones.
"Forty-nine million American households own IRAs and the self-directed IRA industry represents a mere one to two per cent of these 49 million IRA's. Kingdom Trust is uniquely positioned to attract this huge untapped marketplace," he says.
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