GoldStar Trust Company Review: Worth Trusting With Your Retirement Savings?

There is a consensus among industry professionals that GoldStar Trust Company is among the most trustworthy self-directed IRA custodians available today. The fact that they have been in business for more than three decades and that they manage more than 60,000 individual retirement accounts that have a combined value of more than $2.7 billion are two of their most notable achievements. The company is an authority in a wide variety of business subfields, including but not limited to church finance and church bond investments, custodial accounts of various types, Swiss annuities, private investments, and a great number of others. The tier-based, annual pricing structure of this otherwise outstanding operation is the sole factor that contributes to its lack of success.

Pros

They have worked in the industry for more than three decades and are currently responsible for $2.7 billion in assets. In addition to this, they are responsible for managing more than 60,000 separate retirement accounts (IRAs).

They offer a wide variety of alternatives to traditional investments, such as Swiss annuities, private investments, and opportunities to invest in church bonds. These alternatives include the following:

Cons

Sliding scale fees are the only factor that acts as a deterrent when the costs associated with maintaining a growing account correspondingly climb higher.

Self-directed individual retirement accounts (IRAs) are becoming increasingly popular, and GoldStar Trust Company, a self-directed IRA custodian that leads the industry, can be found online at http://www.goldstartrust.com. The organization has been active in the market for more than three decades and currently manages more than 60,000 individual retirement accounts (IRAs) that contain assets worth more than $2.7 billion. The company was initially established in 1989 under the name Colonial Trust Company, and in 2004, it began negotiations with Happy State Bank to become their trust-only branch. The business was originally referred to as Colonial Trust Company. The Happy State Bank is widely regarded as being among the Panhandle’s most important and influential banking organizations. In 2006, GoldStar Trust Company successfully completed the acquisition of American Church Trust Company. The following year, all of GoldStar Trust Company’s operations were relocated to the location in Canyon, Texas, which serves as the company’s headquarters at the present time.

Regarding the Management of the Organization

There is not a great deal of information about the organization’s management team that can be found on the website that is officially associated with the organization. On the other hand, the website of this company features both photographs and a list of the individuals who make up the primary management team.

Since the beginning of the year 2020, Jeff Kelly, who has worked in the IRA Trust market since 2004, has been serving as the president of GoldStar Trust. Jeff Kelly is a veteran of the industry. Prior to that, Jeff Kelley had been employed by Equity Trust for close to ten years, all of which were spent in the position of senior vice president. Kelley received his bachelor of science degree in Economics and Finance from Baylor University in 1988, where he completed his undergraduate studies and received his degree. When it comes to IRA custodians, there are a lot of businesses that aren’t public about who is behind them. As a result, the fact that this company is open about its management team is a very good sign, and it gives us even more reason to trust the services that they provide. In addition, there are a lot of businesses that aren’t public about who is behind them. This is especially true when you take into consideration the fact that a large number of other companies choose not to disclose this information. You can get the most up-to-date information about the company’s management by going to the GoldStar Trust’s page on LinkedIn, the social networking website LinkedIn.

The GoldStar Trust Company’s Offerings in Terms of Their Prices and Products

GoldStar Trust Company is a market leader in the provision of a comprehensive range of custodial accounts. These accounts include self-directed individual retirement accounts (IRAs), precious metals IRAs, church bond investments, church finance, publicly traded securities, and privately offered investments, as well as Swiss annuities, in addition to a wide range of supplementary services related to investments and custodial concerns.

Before making a purchase, you should always think about your other options.

The consensus among professionals in the field of finance is that individuals who are saving for retirement should aim to allocate anywhere from 5 to 20 percent of their total savings into precious metals. When it is finished, this part of your portfolio is going to serve two very important purposes, so it was designed with that in mind. It functions as reasonably dependable and effective protection against the economy’s tendency to cause price increases. From a historical perspective, the value of gold has increased whenever there has been a decline in the value of the inflated dollar. It also gives you the option to multiply the value of your retirement savings in the event that there is another economic downturn or depression, which is a significant advantage. In addition, it gives you the ability to do either of these things. Because of this, there is a good chance that both demand for and the price of gold will go up significantly.

In the final analysis, what exactly does it all amount to? It indicates that you ought to invest that seemingly insignificant portion of your portfolio with an extreme degree of caution because, over the course of the long run, it has the potential to become the single most important investment that you can make for your retirement and therefore should be handled with extreme care.

We have, thankfully, made it simple for anyone to conduct their own investigation and make comparisons between the most reputable gold IRA firms and IRA custodians in the industry. With the assistance of our guides and comparison charts, which provide simple tools for conducting such research, it is possible to simplify the process of investigating how Gold IRAs function and determining which companies are the most dependable and cost-effective service providers and bullion dealers.

We would appreciate it if you could get in touch with us if you manage or represent GoldStar Trust Company.

If you are an owner, a representative, or an associate of GoldStar Trust Company and you have found any of the details in this review to be inaccurate, misleading, or out of date, please do not hesitate to get in touch with us and let us know about your concerns. We will address them as soon as possible. We are dedicated to providing continuous access to the most current and accurate evaluations that are possible. As a result of this commitment, we will gladly update or remove any content that you believe to be inaccurate or out-of-date if you request that we do so.

The Methodology That We Use to Rank IRA Custodians

When we were compiling the list of the best Gold IRA custodians for this year, we looked at a total of 37 different companies before selecting the candidates who are included in the finished custodian comparison table. This was done in order to ensure that we were providing an accurate and comprehensive list. We have made it much easier for everyone to conduct their own individual research by making the process much simpler. You will find information not only on the features, reputations, and costs of the most prominent precious metals IRA custodians but also on the background of these custodians and the features they offer. In addition, each business was subjected to a comprehensive analysis, and a ranking was assigned to it based on the factors that are detailed in the following paragraphs:

  • Choices of depositories and storage facilities that are recommended or partnered with.
  • Whether or not there is an additional payment for storage required in addition to the annual price – A number of companies will demand that you pay storage fees in addition to the annual administration and renewal fees.
  • Fees associated with the initial setup of the account as well as any associated costs
  • The pricing structure, which may include variable annual rates in addition to fixed ones
  • The presence of the company in the industry as well as its reputation

The Factors That Contribute to Equity Institutional Being Ranked First Among All IRA Custodians for the Year 2022

In addition to performing exceptionally well in the aforementioned categories, Equity Institutional has also been ranked as the top custodian this year due to its partnership with Regal Assets, which is the most successful business on our list. This achievement was made possible by the company’s close working relationship with Regal Assets. This accomplishment was made possible by the company’s outstanding performance in the aforementioned categories, which can be found in the previous sentence. Right on this page, you’ll find our picks for the best Gold IRA companies for 2022 that the market has to offer.

Through the partnerships it maintains with bullion dealers, brokers, and investment organizations, Equity Institutional is able to provide retired investors with access to precious metals IRAs that are not only simple but also simple to manage and cost-effective. It is possible to open an account with Equity Institutional as an individual, and you can do so by going to their website and following the instructions there. When you open an account with Regal Assets, on the other hand, you gain access to a wide variety of benefits that you would not have access to otherwise.

Benefits include:

If the value of your account is greater than $10,000 during the first year, Regal Assets will not charge you any fees to set it up or store it and will not charge you any fees at all. In point of fact, it is possible that they will pay the fees for the first three years in full depending on the amount of money that is currently in the account. After the point at which the account starts to accrue fees, GoldStar Trust will start billing the account holder a nominal one-time annual fee at a fixed rate. This fee is in addition to any other fees that may be incurred by the account. Which does not change regardless of how much gold you have stored in your account at any given time, in contrast to a charge that is calculated on a sliding scale and rises in proportion to the market value of the assets that are kept in the account, which is a fixed fee.

  • Regal Assets streamlines the process of buying certified gold bullion and transferring it directly into your individual retirement account (IRA) for you (IRA).
  • This company has the best online reputation of any Gold IRA provider. It has received five-star ratings on Yelp, The Yellow Pages, Google+, and Trustlink.org. It also has an A+ rating with the Better Business Bureau and a AAA rating with the Business Consumer Alliance.
  • Initial investments from interested parties can be made with as little as $5,000 if they so choose.
  • Our comprehensive and leading-in-the-industry investor’s information kit is available for free to anyone who expresses interest in obtaining a copy of it. In order to obtain access to this toolkit, you will need to fill out the brief form that is located at the bottom of this page.
  • Brinks gives clients access to offshore storage in Singapore, which is widely recognized as one of the most secure locations in which to store gold that is held in an individual retirement account (IRA).
  • Regal Assets will buy back any precious metals that their customers acquire from them, and they can have the money deposited to the customer’s account in fewer than twenty-four hours following the purchase of the precious metals.
  • Provides you with information and direction regarding the process of opening a precious metals IRA and walks you through the steps involved in doing so. After establishing an Individual Retirement Account (IRA), the next step is to purchase the appropriate bullion products to put in the IRA that you have just established. Putting your money into a gold individual retirement account is by far the most reliable and user-friendly method available.
  • The business enjoys an outstanding standing in the industry, as shown by the fact that it has been featured in publications such as Inc. Magazine, Forbes, Smart Money, and MarketWatch. Even more impressive is the fact that Regal Assets made it onto the illustrious Inc. 500 list at position #20.

Information Contained in a Package

Check out our in-depth review of Regal Assets if you are interested in learning more about the advantages of opening an Equity Institutional precious metals IRA through Regal Assets and want to find out more information about it. In a similar vein, Regal Assets gives its clients access to an extremely informative investor’s education kit that can be accessed by those clients. This package contains all of the information that you require to make an educated decision about investing in a Gold IRA, and it is located right here for your convenience. Simply fill out the form that has been provided, even if you do not currently intend to invest any money in the market. It is of the utmost importance that, prior to settling on a decision regarding an investment in the precious metals market, you give the information that is provided in their FREE information packet careful consideration so that you can make an informed decision.

The Next Procedural Step

It’s possible that GoldStar Trust is the best option for meeting your requirements, but before making a final decision, you should look into a variety of other financial institutions as well. GoldStar Trust is one possibility. Here on this page, you will be able to read our evaluations of the other nine top trusts that are included on our list. If this is the case, you should probably think about collaborating with an IRA company that places a particular emphasis on bullion. You are welcome to read the review that we have written about Regal Assets, which is the company that we recommend most highly for IRA precious metal firms.

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