GoldStar Trust Company

Self-Directed IRA Custodian

GoldStar Trust Company is located in Texas but serves clients nationwide. It is one of the nation’s leading Self-Directed IRA custodians for Precious Metals IRA’s. GoldStar states that they serve as Paying Agent and Trustee for issuers of Church Bonds and Municipal Bonds in 38 states as well so there footprint is certainly national. GoldStar claims to serve as custodian for more than 37,000 IRA accounts with total assets of multible billions of dollars. It is a trust-only branch of Happy State Bank, chartered in Happy, Texas and based out of Amarillo, Texas.

BGASC’s dealings with GoldStar have been excellent and we have found our interaction with them to be detailed, accurate, and friendly.

What Is A Self-Directed IRA Custodian?

Just like other types of IRAs, precious metals IRAs (aka Gold IRAs, Silver IRAs, etc.) must be in the possession of a trustee or “custodian” in order to remain in compliance with IRS requirements. This means that Precious Metals Investments made in an IRA account must be held by an authorized custodian. A Self-Directed IRA Custodian acts as a fiduciary and it is their job to make sure that your IRA assets are correctly titled and that the necessary reporting requirements and paperwork are all accurate and in order. A self-directed IRA custodian is required to secure and protect your assets and always act in your best interest. The custodian is also required to provide regular account statements.