this post was submitted on 13 Aug 2025
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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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[–] walden@sub.wetshaving.social 2 points 9 months ago* (last edited 9 months ago) (1 children)

Open an IRA at any brokerage (Vanguard, Fidelity, etc) and you can buy whatever you want. Just because it's a Vanguard account doesn't mean you can't buy Fidelity stuff.

I have no clue about the LLC stuff or why you'd want to do that. An IRA is just a type of account that comes with some tax benefits.

Edit: ok, I was unfamiliar with "Self-directed IRA". That's a different ballgame and is going to cost you money.

[–] damaged_vegetable@discuss.online 1 points 9 months ago* (last edited 9 months ago)

I can't invest in physical bottles of fine wine with my IRA brokerage account at Vanguard, Fidelity, etc.

Opening the self-directed IRA with an LLC means you can invest in anything.