Advanta IRA Reviews

Advanta IRA Reviews
Advanta IRA
Advanta IRA can be great for investors but it doesn't specialize in precious metals IRAs. It is a custodian and dealing with them might be a bit cumbersome, according to various customer reviews.
Fees & Charges
Honesty & Transparency
Customer Service
Offer various investments
Reputed company
Might be overcomplicated for retail investors
No specialization in Gold IRAs
Received plenty of complaints
Expert Score

What is Advanta IRA?Advanta IRA Locations, Timings, Email, Phone, Services

In 2003, Advanta IRA was established, with its corporate headquarters located in Largo, Florida. The business sets itself apart from many other financial service providers by providing a variety of self-directed IRA administrators within the corporate framework.

Advanta IRA LLC website

The IRA administrators offer services to investors across the nation, offering a variety of adaptable investment possibilities.

The account managers at Advanta IRA are familiar with every aspect of their clients’ accounts, investments, and investing objectives. Your account is secure because Advanta Ira account managers follow IRS requirements.

  • Address: Largo, Florida, United States
  • Phone: 1-727-581-9853
  • Email: [email protected]
  • Website:

People Behind Advanta IRA: CEO, Owner, Co-Founders & MoreWho owns Advanta IRA? What is the management team behind Advanta IRA?

Jack Callahan: Founder

Jack Callahan

Advanta IRA was founded by Jack Callahan. He started the business in 2003. Callahan has degrees in both finance and law and is a University of Florida graduate.

At Advanta IRA, Callahan is assisted by 22 more staff members who are experts in handling customer service issues, generating new business, and managing day-to-day operations. Overall, the business seems to have grown fast and steadily over time.

Unfortunately, the company doesn’t offer any other information about its staff members on its website.

This can be disheartening for investors who value transparency.

Advanta IRA Products: Annuities, Cryptocurrency, Farmland, Hedge funds, Precious metals And Secondary AnnuitiesAll products offered by Advanta IRA

The following are some methods to invest towards retirement:


Using structured payments, annuities are long-term investments that give you income. Annuities can be set up to provide income in retirement, to safeguard a spouse or heirs, or to prepare for major life events.


Digital money known as cryptocurrency can be used as a medium of exchange or a means of payment. Blockchain technology is used by most cryptocurrencies. Cryptocurrencies are not issued by a central body.

A government body is unable to tamper with or control cryptocurrencies, theoretically.


Investments in farmland give investors the option to directly own farmland as well as participate in Real Estate Investment Trusts, or REITs. Shares of hedge funds that contain farmland may be purchased by investors for their investment portfolio.

Beware of Gold IRA scams. Recently several scams have been charged by the authorities. Companies such as Regal Assets, Safeguard Metals and Red Rock Secured defrauded hundereds of retirees like you and me. I strongly suggest you learn how to identify gold IRA scams. You can request a free guide using the button below:

Hedge funds

Private investors that form a limited partnership are a component of hedge funds. The fund manager makes unconventional or hazardous bets with the assets of a hedge fund. Although believed to be more aggressive than mutual funds, hedge funds are similar to them.

Precious metals

Because they are a real asset, a way to diversify an investment portfolio, and a scarce and highly valued resource, precious metal or gold-backed IRAs are a great choice for investors.

When inflation is high, the value of precious metals like gold, silver, and platinum is maintained.

Secondary Annuities

Lottery or structured settlement winners are examples of secondary annuities. In a SMA, an owner sells their payments to a business in exchange for a one-time settlement.

What Investments are Allowed?

The nearly limitless investment options are one of the strongest reasons to invest in a self-directed IRA. Collectibles and life insurance investments are prohibited by IRS regulations.

The majority of other investments, however, are legal. Self-directed IRAs are permitted to own conventional investments including equities, bonds, and mutual funds. The numerous other investment possibilities that are available to account holders, however, are what draw the majority of investors.

Alternative Investment Accounts

A Roth IRA is frequently chosen by investors who want to start a regular account. Additionally common are traditional IRAs. An alternative for a self-employed investor is a 401K plan.

An individual can pick the options they desire for their investment portfolio with a self-directed IRA, though.

These are a few of the most well-liked investments using an Advanta IRA:

Alpaca Farms

Alpacas are known for being great livestock investments. A small farm holding is perfect for an alpaca herd because they don’t need a lot of room. Alpaca breeding is an excellent way to postpone taxes and accumulate wealth.


Both commodities and commodity stocks make great investments and can shield your portfolio from stock market volatility. The global market is driven by commodities, which also provide stability against inflation, food security, and poverty reduction.

Major banks including Signature Bank and Silicon Valley Bank collapsed this year. Retirees like you and me lost millions of dollars while the White House bailed them out. I have personally invested in precious metals and made serious returns. You can request a free guide on gold investing using the button below:


The use of cryptocurrency allows for efficient international trade without the need for tight regulation or oversight from the government. The exchanges are digital, take place on open platforms, and are self-contained.

In e-commerce, cryptocurrency is a useful asset. Countries, businesses, and individual investors all purchase cryptocurrencies. Digital transactions involving Bitcoin, Ethereum, and Litecoin are the most common.

Forex or Foreign Exchange Trading

For investors with little capital to invest, foreign exchange investments are advantageous. Trading forex can help you diversify your portfolio and get you up and running quickly. The basis of forex trading is your conviction that the stocks you purchase will increase or decrease.

Horse Shows

Investments in dressage horses are profitable for many investors. Numerous horse breeders frequently visit Europe to purchase horses for breeding and dressage contests, particularly those who produce Friesians.

Show horses can generate returns on investment that range from 23 to 76 percent.

Improved and Unimproved Land

Buying land can be profitable and insulate you from a choppy stock market. Investors could buy unimproved land, buildings, and commercial and residential properties.

When the stock market is unsteady, real estate investments typically increase in value.

Oil, Gas, and Minerals

Investing in oil, gas, and minerals is a great way to diversify your portfolio. While concentrating on your company interests, investing in oil, gas, and minerals can give you a sizable monthly income.

Special tax incentives are available for oil and gas investments.

Precious Metals

Investing in precious metals like gold, silver, and platinum is a great way to diversify your portfolio. Although the IRS prohibits purchases of precious metals for standard IRAs, there are various regulations for self-directed IRAs.

When the stock market is erratic or inflation is on the rise, investing in gold and silver are a fantastic choice for investors.

Private Equity and Private Stock

Investments in funds, firms, or corporations are permitted through private equity, commonly referred to as private placements in a self-directed IRA. You can either invest directly in a business or pool your resources with those of other investors to form a fund.

Private Money Lending

Private money lending, sometimes known as peer-to-peer lending, functions similarly to banking. The IRA disburses money to businesses or people who require loans.

In a self-directed IRA, private lending generates income that may be tax-free or tax deferred. Your self-directed IRA receives all loan proceeds.

Real Estate

Diverse real estate ventures are a well-liked method of generating income. Diverse real estate assets offer protection from growing inflation.

There are also business and residential properties available. Even when inflation rises, multifamily housing will still generate income.

Sports Teams

Most common investors lack the money necessary to own a sports franchise. Investing in the company that owns your favorite team is one way to support them financially. Professional sports teams are affiliated with numerous large corporations.


Your investment portfolio can gain value by investing in timber. To boost their revenues, timber producers diversify their holdings by selling to investors and businesses with experience in forestry and financial management.

How to Invest in Advanta IRA?Step-by-step guide for investing in Advanta IRA

To invest in a Bullion Exchanges IRA, follow these general steps:

  1. Open a Self-Directed IRA Account: Fill out an IRA form to open a self-directed IRA account with one of their trusted custodian partners. You’ll also need to choose an IRA-approved storage facility for your precious metals.
  1. Fund Your IRA Account: Once your self-directed IRA account is set up, work with your custodian to fund your account with cash, rollover funds, or a combination of both.
  1. Choose Your Precious Metals Products: Advanta IRA offers a selection of IRA-approved precious metals products, including gold, silver, platinum, and palladium coins and bars. Choose the products you want to invest in.
  1. Place Your Order: Place your order with them for the selected precious metals products. You’ll receive a quote with the total cost of your order, including applicable fees.
  1. Direct Your Custodian to Make the Purchase: After placing your order, you’ll need to direct your custodian to make the purchase on your behalf. Your custodian will provide you with the necessary paperwork to complete this step.
  1. Store Your Precious Metals: Once your purchase is complete, Advanta IRA will ship your precious metal products to your chosen IRA-approved storage facility for safekeeping.

However, I don’t recommend opening an IRA with them. Why? Because there are plenty of better options available for you.

Opening a precious metals IRA is a major decision. That’s why I suggest checking out our top gold IRA providers list. There, you can find the best precious metals dealer of your state and choose accordingly.

Also, the list will help you understand what the industry’s best has to offer and what you might miss out on.

I’m safe from the recession, are you?

I invested $100k in precious metals back in 2021. If I hadn’t made the move, I could’ve been bankurpt after the SVB bank crisis. Me and my family are safe from recession. Is yours? Get in touch with the best gold company in USA:

Advanta IRA Fees and Charges: Do they overcharge?What are their fees? Do they have hidden fees?

You only pay fees when you start an Advanta self-directed IRA for administering your account and preserving the relevant records.

No additional charges or commissions are concealed. The only expenses are those related to the management of your Advanta account.

Companies like Augusta charge ZERO fees for up to 10 years and allow you to choose your own gold & silver. Advanta IRA on the other hand provides fewer options.

>>>Get in touch with the #1 rated gold IRA company of 2023<<<

Advanta IRA Reviews and Complaints: BBB, Trustpilot, Sitejabber (Mention all sites you’ve extracted reviews from)Read all the Advanta IRA reviews & complaints on Advanta IRA

Better Business Bureau (BBB)

Advanta IRA has a total of 0 customer reviews on the Better Business Bureau (BBB) website based on customer reviews and complaints. Also, the business is BBB accredited since 2014 and has been in the industry for 20 years.

Advanta IRA BBB page


Advanta IRA received a 3 rating out of 5 on the Yelp website based on customer reviews and complaints. Moreover, the company has a total of 2 customer reviews. There are both positive and negative customer reviews.

Advanta IRA reviews on Yelp

Positive Reviews

Steven says that he is glad everything is working out fine. He shares that the staff at Advanta is quite knowledgeable and helpful.

He also highlights that although he is a veteran of the finance industry, he was quite nervous about working with a custodian. However, the experts at Advanta dispelled all of his doubts.

Advanta IRA review

Negative Review

Sadly, Advanta IRA has received plenty of complaints online as well. According to Mark, the company lost his contribution check and paperwork.

Moreover, the company failed to inform him that multiple people were handling his account.

He had to call the company to find out why his account didn’t have the necessary funds.

Apparently, the company had sent his contribution to the assigned third party. But Mark points out that their claims weren’t right.

Later, Mark learned that the third party hadn’t received the check and now he would need to fill out the entire paperwork again.

He ends his review by calling the entire experience “Very frustrating”.

Advanta IRA complaints

Advanta IRA Lawsuits: UniCourt & Justia Have any customers sued Advanta IRA?


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On 17 April 2019, Turro filed a finance consumer credit lawsuit against Advanta IRA.

Is Advanta IRA Legit? Should You Invest with Them?Is Advanta IRA scam or legit? Are they worth it?

No, I don’t think you should invest with them.


  • Offer various investments
  • Reputed company


  • Might be overcomplicated for retail investors
  • No specialization in Gold IRAs
  • Received plenty of complaints

While they are a legitimate company, they are not the best.

There are plenty of gold IRA companies with far more specialized services in the industry. Before you consider investing with any company, I recommend checking our best gold IRA providers first.

That way, you’d know what the industry’s best has to offer.

Alternatively, you can get a free gold IRA guide from our #1 rated company by clicking the button below:


Furthermore, if you’re eager to find out who is the best gold IRA provider of your state, check out the map below:

Each state has its own regulations and rules, so we’ve sorted and found the best Gold IRA company for each state.

Find the best Gold IRA company in your state