Finding the right IRA Gold Rollover Company to help you make a decision for your investments and retirement plans requires a lot of careful study. For the most part though, it’s not as easy as it look since there’s just too many of them out there — and the replete of Gold IRA company and the information that they present can make the process even more difficult.
If you’ve been following along, you have seen how some companies would have fairly similar platforms. There are other IRA gold rollover custodians though, who would offer investment products you would not see from everyone else. Read further as we learn more about a certain company’s unique offerings as we review GoldStar Trust Company.
GoldStar Trust Company Review
GoldStar Trust Company has been around quite awhile, where they started in Phoenix, Arizona on 19 August 1989 as Colonial Trust Company. Some changes in ownership came 15 years after, as Happy State Bank of Amarillo (Texas) entered the business and merged with Colonial Trust in 2004 — where the business was finally known as GoldStar Trust.
In 2006, another business acquisition took place as GoldStar obtained another financial institution in Texas, the American Church Trust Company of Houston. The next year in 2007, after enjoying tremendous market success, GoldStar decided to move their headquarters to Canyon, Texas. Being a trust-only Texas Bank, they are under the monitoring of FDIC and Texas Department of Banking.
GoldStar Trust distinct themselves as an IRA custodians with more than 20 years of experience. They provide different types of retirement plans to diversify your portfolio from Self Directed IRAs and Precious Metals IRAs — along with a unique service as a Paying Agent and Issue Trustee of Municipal Bonds and Church Bonds on 38 states in the U.S.
According to the company, as of March 2014, they serve as an IRA custodian for more than 37,000 IRA accounts with assets that total to around $1.9 billion. The major services that they offer include Church Bond Investments, Church Finance, Self-directed IRAs, Swiss Annuities and Precious Metals IRAs (from gold, silver, palladium and platinum).
They currently employ around 60 staff, led by John Johnson as their company president, Jeff Worley as S.V.P. Operations Manager and Dave Schnierle as S.V.P. Church/Non-Profit Manager.
Feedback and Ratings
Interestingly, GoldStar Trust isn’t accredited from BBB, though their acquisition Happy State Bank is recognized which has an “A+” rating. They have 6 closed complaints with BBB, quite notable cases on delivery issues, advertising/sales and product/service problems. GoldStar has no rating on Business Consumer Alliance and TrustLink as of this writing.
The Top Rated Gold IRA Companies
|IRA Annual Fee||BBB Rating||BCA Rating||Review|
|Flat Fee $250|
(First Year Free)