Next Generation Trust Company, a custodian of self-directed retirement plans, is reaching out to independent, fee-based financial advisors to broaden their clients' retirement investment options. In a recent article published by CEO Jaime Raskulinecz, the firm highlights the growing acceptance of alternative assets in retirement plans and the opportunities for advisors to work with Next Generation to facilitate these investments.
The push comes after an executive order in 2025 by President Trump allowed alternative assets in employer-sponsored defined contribution plans, based on plan fiduciaries' judgment. Subsequently, several brokerage firms, including Charles Schwab Corp., have started to permit some alternative assets in 401(k) plans. Schwab's announcement in early June about a proprietary platform for cryptocurrency futures and the opening of dozens of wealth management offices signals direct competition for independent advisors.
Despite these developments, many financial advisors may be hesitant to recommend nontraditional investments due to a lack of experience. Raskulinecz stated, "Although brokerage firms are greenlighting some alternatives like cryptocurrency, many financial advisors may be turning clients away from nontraditional investments because they don't have experience with or in-depth knowledge of those assets. That's why we encourage independent, fee-based advisors to work with Next Generation and help their clients diversify their portfolios with a trusted resource."
Next Generation Trust Company, founded in 2004, has long invited independent advisors to collaborate on behalf of clients seeking to include alternative assets in their retirement plans. The benefits for advisors include expanding clients' access to real estate, precious metals, private placements, commodities, and other assets allowed in self-directed IRAs. The firm handles asset custody, administration, and transaction execution, allowing advisors to maintain client relationships and continue billing on assets held by Next Generation. This arrangement can also enhance advisor income through increased client investments.
Raskulinecz emphasized that Next Generation does not compete with financial advisors, but rather supports them. "We are never in competition with financial advisors and look forward to showing more professionals how Next Generation's advisory structure enhances their practice, with the potential to boost their own revenue stream," she said.
The full article is available at https://shorturl.at/QoiaP. Financial professionals can learn more about the partnership here.
Next Generation Trust Company is a chartered custodian in South Dakota, and its sister firm, Next Generation Services, provides account administration and transaction support. The company offers personalized service to guide clients and their advisors through the process of self-directed retirement investing. More information is available at www.NextGenerationTrust.com.
