Desich family
Equity Trust is a private corporation ultimately owned by members of the Desich family. Tr. 200, 650. Its principal place of business is in Ohio.

What is Equity Trust in real estate?

A self-directed IRA custodian, such as Equity Trust, allows that type of investment in addition to any type of real estate investment, such as, residential real estate, commercial real estate, raw land, and mobile homes.

What is an equity trust fund?

The Equity Trust Fund is a revolving loan fund capitalized through gifts and loans from socially motivated donors and lenders, primarily individuals and families, but also including religious orders, land trusts, nonprofits and other organizations.

What is a custodian FBO?

FBO is a industry-wide, accepted term by all IRA custodians. It helps maintain the administration chain for an IRA along with the asset ownership: the person for who’s benefit the custodian holds the money.

When was Equity Trust founded?

1974
The Company evolved from a predecessor brokerage firm which started in 1974 to one of the nation’s largest self-directed IRA custodians.

What is an equity trust FBO?

Equity Trust Company custodian FBO (for benefit of) YOUR NAME IRA. Request Funds to Purchase IRA Investment – Once we review and process your direction of investment form, we send funds from your IRA to purchase the investment per your instructions.

Is Mutual Fund same as unit trust?

Mutual funds are investments that are made up of pooled money from investors, which hold various securities, such as bonds and equities. However, a unit trust differs from a mutual fund in that a unit trust is established under a trust deed, and the investor is effectively the beneficiary of the trust.

What is an acceptable transaction with a traditional IRA?

Thus, while most types of “traditional” (i.e., publicly traded) investments are permissible – like stocks and bonds, or mutual funds (or ETFs) that hold them – IRC Section 408(a)(3) explicitly prohibits IRA assets from being invested into life insurance contracts, and IRC Section 408(m) similarly prohibits investing …