Next Generation, a firm specializing in the administration and custody of self-directed retirement plans, has recently unveiled a dedicated website page and supplementary materials designed to aid financial advisors. These resources are tailored for advisors whose clients are exploring the diversification of their retirement portfolios beyond conventional investment vehicles like stocks, bonds, and mutual funds, into alternative assets such as real estate, precious metals, private equity, and royalties.
Jaime Raskulinecz, the founder and CEO of Next Generation, emphasized the initiative's goal to empower financial advisors to expand their clients' investment options. This expansion not only enriches the clients' portfolios but also strengthens the advisor-client relationship by introducing tax-advantaged wealth-building strategies through self-directed IRAs. The newly launched materials serve as a comprehensive guide to understanding the breadth of alternative investments permissible within these plans, a fact many investors might not be aware of when investing in similar assets outside their IRAs.
Next Generation plays a pivotal role in ensuring the integrity of each transaction by reviewing all investment instructions before execution, while clients retain full autonomy over their investment choices based on their familiarity and understanding of the assets. Additionally, the company's Information & Education tab provides advisors with valuable talking points to discuss the potential of self-direction as a strategic approach to retirement planning with their clients.
Understanding the critical nature of the advisor-client dynamic, Next Generation has structured its advisory services to complement the existing agreements between independent, fee-based professionals and their clients. This structure allows advisors to continue directing their clients' investments and earn fees on assets held by Next Generation, thereby maintaining the continuity and trust in the advisor-client relationship while exploring new avenues for retirement savings.
