Self-directed Iras

Investment, Marketing, And Trust Administration Strategies

Jerome R Corsi

• Publisher: Routledge
• Year: 2020
• Print ISBN:
  9780367287047
• eBook ISBN:
  9781000311211
• Topic: Politics & International Relations
• Subtopic: International Relations
• Index: Politics & International Relations

First published in 1986. Self-direction is a simple idea, yet its delivery and administration raise many complex issues. To what extent does a bank or thrift offering securities products within the self-directed IRA take on an investment advice liability? How should the self-directed IRA be constructed? The product mix offered may have to be structured to reflect varying retirement savings strategies as well as customer preference for the degree of risk/reward acceptable in this portfolio investment The contributors to this book, who include bankers, consultants, and trust officers, as well as traditional competitors from the securities and financial planning industries, discuss the spectrum of issues affecting the self-directed account and trust administration

Index

ABA. See American Bankers Association

ABA Retail Deposit services, 9

Accounting systems, 87, 112

Add-to options, 76

Administration, 117 fees, 115–116 trust accounts, 107, 109–110

Advertising, 9, 17–18, 22, 42–43, 96, 104, 129, 135 Washington Mutual, 77–78

Advisory services, 95

Aggressive growth equity fund, 17

American Bankers Association (ABA), 60–61

Annual fees, 115–116

Annual reports, 113–114

Annuities, 3, 44, 52–53, 73(table) investment distribution, 28, 29(fig.), 33(table), 34(table) in IRAs, 69, 74 tax deferment, 143, 144

Assets, 101–102 growth, 123–127 Washington Mutual, 79–80 Wells Fargo Bank, 81, 87

Autonomy, 88

Back-loaded products, 67

Balanced funds, 13

BankCal. See Bank of California

Bank cards, 129. See also Credit cards

“Banker’s Choice” plans, 17

Bank Holding Company Act, 54

Bank of Beverly Hills, 117

Bank of California (BankCal), NA, 57, 58, 59

Bank of San Diego, 118

Banks, 3, 7, 10(table), 11 broker/dealers, 68(fig.), 85 investment diversification, 3, 11 investment restrictions, 14, 16 IRA deposits, 1–2, 26, 27 market share, 9, 43(fig.) mutual funds, 13, 14, 15(table), 16, 17, 18

Basic Retirement Plan, 99. See also Keogh accounts

Benefit Service Corporation, 76

Blue chip funds, 20

Bond funds, 15

Bonds, 3, 13, 85, 103, 130

Brokerages, 19, 41(table) full-service, 26, 27(fig.), 28(table), 31(table), 32(table) independent discount, 27(fig.), 28(table), 31(table), 32(table) IRA competition, 3, 9, 11 IRA investments, 26, 27(fig.), 28(table), 31(table), 32(table), 85 market share, 43(fig.), 125(table), 126 self-directed accounts, 2–3 See also Broker/dealerships; Discount brokerages

Broker/dealerships, 53, 94, 102 establishment, 63, 66–67 financial relationships, 68(fig.), 69 See also Brokerages

California Federal Savings and Loan, 118

California League of Sa...

Table of contents

• Cover
• Half Title
• Title
• Copyright
• About the Book and Editor
• Contents
• Acknowledgments
• INTRODUCTION
• SECTION I: MARKET RESEARCH
• SECTION II: REGULATORY ISSUES
• SECTION III: INVESTMENT STRATEGIES AND PRODUCT MIX
• SECTION IV: CASE STUDIES
• SECTION V: TRUST ADMINISTRATION
• SECTION VI: PRODUCT POSITIONING AND MARKETING
• About the Contributors
• Index