Avoid This Company
I have a beneficiary IRA account "managed" by Equity Trust Co.. This account is comprised exclusively of precious metals which are vaulted in a Texas depository. I have been required to take yearly RMD's since this account's inception and these RMD's have always been in metals, not cash or check. These distributions have always taken over a month to accomplish and have caused many thousands of dollars to be added to my tax liabilities. Although Equity claims distributions routinely are completed in 8-12 business days, this has never been my experience, and I have yet to have a transaction completed without having to make several frustrating calls to try to ascertain what is taking so long.