this post was submitted on 13 Aug 2025
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Alternatives to Broad Financial (Self-Directed IRA) (discuss.online)
submitted 9 months ago* (last edited 9 months ago) by damaged_vegetable@discuss.online to c/investing@lemmy.world
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What are some of the best companies that can help me setup a self-directed IRA?

I want to be able to invest in any asset with a Roth IRA – not just the finite set of offerings of Fidelity, Schwab, Vanguard, etc.

I spoke with a tax advisor that recommended Broad Financial (broadfinancial[.]com) to setup a self-directed IRA. It looks like they'll charge me about $1,000 per year. I expected to pay a few thousand up-front for some company to help me setup a self-directed IRA (lawyers who draft the documents for me to sign and hold my hand to setup the LLC), but I can't understand why I'd have to pay a yearly fee thereafter!?!

The whole reason I want a self-directed IRA is so that I have complete control. I'll control the LLC 100%. I'll have checkbook control. This third party that helps me setup the LLC should do nothing for me after initial setup, so why would they charge a yearly fee if they do 0 hours of yearly work?

Before I pull the trigger, I want to do my due diligence in researching Broad Financial and their competitors. But I'm having a very hard time sifting through content marketing AI slop when I google for it.

Can anyone please list for me the top-10 companies that assist people like me in setting-up a self-directed IRA?

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[–] damaged_vegetable@discuss.online 0 points 9 months ago* (last edited 9 months ago)

What is any* asset?

Real estate, foreign currency (in cash), gold bars, cryptocurrencies (self custody), physical bottles of fine wine, rare pokemon cards, etc. A self-directed IRA means I can invest in pretty much anything I want.