Good and bad experiences with trust companies that allow exotic investments

[Peter Gulia]

Leaving aside issues about the wisdom, legality, or tax effect of an IRA that is "self-directed" to invest in real property or other unusual investments, which trust companies would you suggest (or avoid mentioning) to someone who has decided on this form and kind of investment?

[Jim Chad]

I like Millennium Trust

[A Shot in the Dark]

I concur with Jim.

Our firm has also used Sterling Trust out of Waco Texas.

[QDROphile]

As a former customer of Sterling Trust, I can say I am so pleased to be a former customer and wish I have been a former customer longer.

[Peter Gulia]

Jim Chad, A Shot in the Dark, and QDROphile, thank you for your observations.

Does anyone have any experience, good or bad, with PENSCO Trust Company?

[QDROphile]

It is involved in a lot of ROBs transactions. How involved it is other than as an inexpensive custodian, I cannot say.