Equity Trust Company

Paul Brayton _{on Google}

Sep 5th, 2021

The reason I am taking my valuable time to write this is mainly because of the way Equity Trust has come through for me on two critical deadlines all with the same perfection they have done on all my transactions.
The last one involved a closing where the sellers and closing attorneys set the closing date with only two business days to have my funds in their account. We usually allow 72 hours for a thorough review to make sure everything is legit and properly accounted for. However, with my last transaction I srsly felt like a hostage with a gun to my head to have the funds there by high noon! I had appealed to simply move the closing to a couple of days later so there would be plenty of time to make sure we only moved the date once. I had actually told them there was no way my funds would be there by the time given. Much to my surprise they advised they would not move the date, or even the time, until we all sat around the table to see if funds had cleared on the original closing date and time. Then, and only then, would they consider moving anything! So everyone involved (I had another buyer/investor too) had to keep their schedules open for about three days. What we suspected was the sellers were going to see if they could find other buyers in the meantime that would pay even more than the already higher than asking price, then simply cite legal allowances to call the closing off as "unfulfilled". Then they could take our earnest money, as well as even a higher sale price, to ring out the most money possible from their offering. Furthermore, I was not able to start the process until about 36 hours out. I told my liason to just to do the best they could given the circumstances.
The bottom line is that Equity Trust stepped up to the plate and wired the funds by the end of the next business day so they would be in the account by noon the following day. Kudos and hats off to my friends at Equity Trust! There may be slightly cheaper alternatives but with Equity Trust you get what you pay for, fast, reliable and accurate. Thank you Equity Trust!!!

Gibal Riz _{on Google}

Aug 29th, 2021

The staff respond quickly and if they do not know the answer, they will connect you with the appropriate person. Transactions are quick and seamless. Highly recommend.

Mike C _{on Google}

Aug 26th, 2021

Equity Trust can handle your self-directed IRA if you have a couple of properties because you can deal with their archaic paper form based method of moving money to manage properties. Beyond that, Equity Trust will not meet your needs. Let's start with this. Equity Trust won't allow "checkbook control." If you're not familiar with that concept, get familiar before you add too many properties to your Equity Trust account. At some point, it gets so unwieldy to manage properties through their clunky paper-based processes that you'll have to find another custodian and then you'll have to go through the costly process of transferring title to real estate and pay Equity Trust their penalty fees for leaving. Second, if you ever plan on hiring an outside management company to manage your portfolio, you'll find it is virtually impossible due, once again, to Equity Trust's 1990s style requirement to submit a paper form with for every distribution for every property. Do the math--10 properties, 10 monthly rental payments, 12 months a year = 120 pieces of paper that you get to fill out per year. Happy retirement! Oddly, Equity Trust seems to lack a basic understanding of how rental property management works. You'll end up working for them, rather than the other way around.

Luann Collins _{on Google}

Aug 24th, 2021

Please advise.

KEITH MINTON _{on Google}

Aug 21st, 2021

Wonderful company, located near Cleveland Ohio, I have 5 accounts with them for my family and will probably need some more for my kids. I have recommended friends and family who have used them as well.
Highly recommend. A special thanks to John Bowen’s who I have heard speak about 10x and has personally helped me on my accounts numerous times.
If you are looking for a self-directed IRA company this is the one I would choose.
Thanks again.