Funding
Funding not disclosed
Founders
Product
Problem
Individuals seeking to invest retirement assets in alternative assets like real estate and cryptocurrencies face administrative hurdles and limited direct control over their funds. Traditional retirement account structures often restrict investment options and require third-party custodians, hindering proactive portfolio management.
Solution
Summit Self Directed provides a specialized service for establishing Self-Directed IRAs and Solo 401(k)s, granting clients "checkbook control" over their retirement funds. This structure enables direct management and execution of investments in a broad spectrum of alternative assets, including real estate, private equity, and digital assets. By facilitating direct asset control, Summit empowers individuals to pursue diverse investment strategies and optimize their retirement portfolio growth without reliance on traditional custodians for every transaction.
Target Audience
The primary target audience includes individuals and small business owners looking to diversify their retirement portfolios beyond traditional stocks and bonds by investing in alternative assets.
Features
- Facilitation of Self-Directed IRA (SDIRA) account setup
- Establishment of Solo 401(k) plans for small business owners and self-employed individuals
- Provision of "checkbook control" for direct asset management
- Support for a wide range of alternative investments, including real estate, cryptocurrencies, private placements, and tax lien certificates
- Partnership with select financial institutions for account establishment
- Compliance with IRS regulations for retirement account administration