December 1, 2011Effective December 1, 2011, Entrust New Direction IRA will become simply “New Direction IRA, Inc.” due to the pending mutual dissolution of the franchise system by us and the Entrust Group, which will be effective December 31, 2011.Top
Over the last few years, the franchise model of the Entrust Group has limited our ability to efficiently handle mandatory financial reporting requirements. One of the great benefits of this change will be New Direction’s ability to report directly to the custodian of our client accounts, First Trust Company of Onaga (FTCO), rather than routing transactions and documents through centralized third party processors. The direct connection will allow enhanced communication for our reporting and facilitate FTCO’s more direct oversight. The New Direction staff will remain the same group dedicated to providing account holders access to the investments of their choice.
Although our name is changing, our business model remains on the same firm footing. As mentioned above, the custodian that holds our IRA assets in trust, First Trust of Onaga, will remain the same. Cash assets will continue to be FDIC insured. Each retirement account will continue to be administered with comprehensive financial oversight and with the integrity and attention that you have come to expect from us.
These are exciting times at New Direction IRA. For while the foundation of the business is staying the same, changes are coming that will allow us to deliver even more efficient service. Namely, we will soon be offering the ability to open an account online, the ability to safely upload documents online, faster disbursements, shorter turnaround times for account transactions, and the ability for clients to track their investments more closely. So, for you who have worked with us to satisfy our mutual clients, we will be able to perform our role with greater efficacy than ever. And for those of you who have been our partner in providing education for an interested public, New Direction will be in even better position to be creative and flexible in developing and delivering information.
New Direction IRA is creating a more convenient and efficient business by combining its exceptional expertise and customer service with new efficiencies to make self-directed IRAs more accessible than ever.
New Direction IRA, Inc.
1070 W. Century Dr. Ste. 101
Louisville CO 80027
p 303-546-7930, x113
toll free: 877-742-1270
For our FREE educational events on Self-Directed IRAs, visit: http://events.NewDirectionIRA.com/
November 7, 2011(Stamford, Connecticut) — A new joint venture, Certified Assets Mgt Int, LLC “CAMI, has been launched by a team that includes a veteran professional rare coin dealer and a Wall Street money manager to assist investors with acquisition and management of numismatic and precious metals items. CAMI is creating an assortment of products, services and investment funds including one that is looking to acquire up to $250 million of rare coins.Top
Formal announcement about Stamford, Connecticut-based CAMI will be made at the upcoming Whitman Coin & Collectibles Baltimore Expo, November 17 – 20, 2011.
CAMI’s principals are Robert L. Higgins, President of Certified Assets Management, Inc. in Wilmington, Delaware who earlier managed a rare coin fund that returned a 17 percent, $8 million profit in only four years for the state of Ohio, and Alberto Washington, a graduate of the Wharton School of Business and Managing Partner of Mercury Fund Management, LLC, also a Delaware corporation.
“Certified Assets Management has a proven track record of over a decade of successful rare coin funds management. This is an excellent time for the numismatic market and Wall Street to do it the right way,” said Higgins.
“We’re merging the successful talents of an experienced rare coin trading company and an investment management firm to create Certified Assets Management International,” said Washington.
“The investment community has a need for alternative investments that are truly uncorrelated with traditional investments. Using rare coins as an asset class and investment vehicle provides an opportunity for investors to diversify their investment portfolios. We plan to have a diversified family of investment funds and services to be able to address alternative investments and financing needs, from the private investor to even institutional investors.”
Mr. Washington and Mr. Higgins declined to comment on the specifics of the strategies, citing Securities and Exchange Commission restrictions on private placement investments. However, a source with knowledge of the strategies who asked for anonymity, said one of the funds is expected to reach $250 million comprised primarily of U.S. coins certified by either Professional Coin Grading Service or Numismatic Guaranty Corporation
The custodian of the partnership assets initially will be First State Depository Company, a level three, high security facility in Delaware that stores precious metals and rare coins for investment banks, brokerage firms, refining companies, commodity trading houses, precious metals retailers, coin dealers and individual investors.
For additional information about Certified Assets Management International, visit online at www.CertifiedAssets.com or contact Bob Higgins at Bob@CertifiedAssets.com or Alberto Washington at Alberto@CertifiedAssets.com.