In this New Direction IRA review, we take a look at the business, its offerings, what we liked, what we did not like and whether we would or would not use it to invest in gold or a gold-backed IRA.
Who is New Direction IRA?
The company was founded by Bill Humphrey and Catherine Wynne, with the latter as the president and the former as the CEO of New Direction IRA. Ever since their inception, the company has already gained as much as $600 million in assets with 8,000 accounts as of this time of writing.
Mainly, the company offers clients self-directed IRAs for their investment, although there are other products and services provided including real estate and precious metals. Thus, its clients can choose from various options to grow their money based on their retirement accounts, in preparation for their future.
It is also worth noting that this company features an online service called myDirection that adds to the convenience of its investors. This service serves as an access portal for new clients who set up a precious metals IRA account. It allows for online payment of real estate expenses, hassle-free viewing of transaction history and other astounding benefits for investors.
As of now New Direction IRA has met clients’ expectations in terms of having their inquiries addressed properly. Transaction funding and asset documentation are also up to the standards of their clients, which give them an edge above other gold IRA companies.
What does New Direction IRA Offer?
New Direction IRA specializes in providing investment options to its clients, particularly as a self-directed IRA custodian. For those who lack the knowledge and experience in this type of investment, you can rely on this company for relevant pieces of information before you devote your time and money in it.
After all, it is not worth taking risks when the odds are against you. Most importantly, you should not attempt to get started in an investment without sufficient information about it. This is the reason why New Direction IRA does its best to educate investors before they begin in this type of activity.
Another thing you should know about this financial firm is the fact that it gives investors an opportunity to be in control of their retirement funds, which is tax-free. However, this is up to investors in case they prefer to place their money on an alternative asset.
Overall, the company’s main goal is to educate and guide investors, so they can get the best possible returns on their investment.
Things To Like About New Direction IRA
If you are an investor looking for a gold IRA company to work with, it is best to look into the positive and negative aspects of potential options. The following are some positive aspects of this investment firm:
1. Length of Time in Business
This company has been in the investment industry for more than 10 years, and its staff members specialize in educating potential clients about the products and services provided. When it comes to maximum support and knowledge imparted on investors, New Direction IRA is rather commendable in these areas.
2. Excellent BBB Rating
Those who are looking to deal with a business usually check with the Better Business Bureau or BBB for the reputation of the company. What’s great about New Direction IRA is its A+ rating with BBB, which is one mark of excellence in terms of its quality products, services and ability to resolve complaints of clients.
3. Quick Processing
Transactions are completed promptly, and this takes the stress out among clients who do not want to put up with a long wait once the deal is set. Funding is on time, and clients are given the assurance that their purchases will go through the moment it is paid.
Things NOT To Like About New Direction IRA
1. Insufficient Company Information
Although clients are provided with essential information they need before investing their money, the company fails to provide in-depth details about its history and background. This is very important for potential investors since they need to make sure that they are dealing with a legitimate and credible gold IRA company.
2. Lack of Authority Ratings
While New Direction IRA was given an A+ rating by the BBB, this does not suffice when you are in search for an investment company to work with. Unfortunately, there are currently no reviews or ratings provided by other reputable sources such as TrustLink and BCA, which investors check with before they select a company to do business with.
Rankings, Complaints and Customer Reviews
Better Business Bureau (BBB)
New Direction IRA has been accredited with the BBB since September 14, 2004. This means, the company has met the standards set by the BBB for accreditation purposes. Moreover, it has been rated A+ by the BBB due to its ability to resolve and address accordingly customer complaints (read more).
Business Consumer Alliance (BCA)
Currently, there is no rating given to New Direction IRA from the Business Consumer Alliance. As such there is no customer complaints filed there as well.
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TrustLink is another source that people go to for information about businesses they are looking to work with. There are presently no reviews posted from its previous clients.
No complaints were filed against this company at Ripoff Report, which is an online source for unbiased and unedited reviews on businesses.
New Direction IRA Review – Final Thoughts
New Direction IRA is a company that specializes in the education of clients for self-directed IRAs. Among the benefits of choosing this company includes prompt transactions, free and helpful information on self-directed IRA’s and a high rating with the BBB.
However, there are some negative aspects to consider before making any big financial decisions. The company lacks reviews and ratings from previous customers and authority sources. One of the best gauges to look for in an investment firm is the experiences of past clients, which in this case is missing.
Which Company Do We Recommend?
After taking into account both the positives and negatives of New Direction IRA, it may be worth considering another company that has a proven track record and transparency in terms of its background and history.
Goldco has received outstanding ratings and reviews from numerous sources including the BBB, BCA and TrustLink. With its credibility and reputation, clients can expect satisfaction from the services and products provided by this company.
To learn more about what type of available products and services they provide, check out this review of Goldco.
One of the best features of Goldco is that the annual account and setup fees are waived on the first year when setting up a gold IRA. To learn more about how to grow your wealth by investing in precious metals then visit Goldco or Call 1-877-589-1223.
I’ve been a financial retirement planner for over 30 years and have been investing in gold, silver and other alternative investments since 2008. When I’m not spending time with my wife and 3 beautiful children, I am learning more about new emerging technologies such as the blockchain.