What is Vantage Self-Directed IRA Review?Vantage Self-Directed IRA Locations, Timings, Email, Phone, Services
Vantage IRA holds the position of a prominent administrator of Self-Directed retirement plans and a custody firm specializing in alternative investments. Their primary focus is aiding investors who seek to diversify their retirement assets directly into alternative avenues like real estate, promissory notes, and private enterprises.
Operating as a third-party administrator in partnership with First Trust Company of Onaga, Vantage IRA has garnered an impressive client base of 6,500 since its establishment in June 2004.
Their service encompasses offering clients choices in alternative assets such as private financing, real estate IRAs, small business investments, and precious metals IRAs. While their annual fees remain reasonable, it’s worth noting that precious metals storage or administration fees are not included.
Backed by a proficient team of experts, Vantage IRA is poised to facilitate a seamless and efficient process. Their commitment lies in aiding investors who have a preference for alternative assets and who seek an account administrator that is knowledgeable, considerate, and readily available to assist in managing their distinct investments.
Vantage IRA’s dedicated objective revolves around safeguarding your distinct assets for retirement. Their offerings include flexible and promising investment avenues that empower you to channel your funds precisely where you envision them being positioned.
- Address: 8742 E Via de Commercio, Scottsdale, Arizona 85258, US
- Phone: (866) 459-4580
- Email: Investments@VantageIRAs.com
- Website: https://www.vantageiras.com/
- Timings:
- Monday-Friday: 9:00 AM – 5:00 PM
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People Behind Vantage Self-Directed IRA: CEO, Owner, Co-Founders & MoreWho owns Vantage Self-Directed IRA? What is the management team behind Vantage Self-Directed IRA?
J.P. Dahdah (Chief Executive Officer) at Vantage Self-Directed IRA:
J.P. Dahdah serves as the Founder and CEO of Vantage Self-Directed Retirement Plans, overseeing the management of a substantial $2.5+ billion in retirement assets. Vantage stands as a leading national entity in the administration of Self-Directed retirement plans and alternative custody services. Its mission is to assist investors in diversifying their retirement funds directly into alternative investments, such as real estate, promissory notes, and private enterprises.
Over the course of his impressive 25-year financial career, Mr. Dahdah has garnered numerous accolades and honors, notably including the esteemed “Entrepreneur of the Year” distinction bestowed by the Arizona Hispanic Chamber of Commerce. Additionally, he merited recognition from the Phoenix Business Journal and Arizona Hispanic Chamber of Commerce through the “Forty Under 40 Award,” a testament to his influential leadership within the Arizona community. In 2019, he earned a place among the esteemed “Most Admired Leaders” awardees as presented by the prominent Phoenix Business Journal.
Transparency is Important
Beyond his professional pursuits, J.P. actively engages in philanthropic endeavors within the community, channeling his support through various charitable organizations, including his own creation, Advance Guatemala. Established in 2008, this 501(c)(3) nonprofit was founded to provide assistance to underprivileged Guatemalans. Additionally, J.P. has played a vital role as a former President and dedicated member of the Arizona Chapter of the Entrepreneurs’ Organization (EO). Presently, he serves as an esteemed member of the Executive Committee of the Scottsdale Arts Board of Trustees, further exemplifying his commitment to community enrichment.
Sarah Schreiber (Director of Operations) at Vantage Self-Directed IRA:
Sarah Schreiber is the Director of Operations at Vantage Self-Directed IRA. She oversees the company’s self-directed IRA services and ensures that clients’ investments are executed seamlessly and in compliance with regulatory requirements.
Amanda Swanson (Director of Business Relationships) at Vantage Self-Directed IRA:
Amanda Swanson is the Director of Business Relationships at Vantage Self-Directed IRA. She cultivates partnerships with financial advisors, investment firms, and other key players in the financial ecosystem to provide clients with unparalleled access to alternative investment opportunities within the framework of self-directed IRAs.
Billy Striplin (Compliance Specialist) at Vantage Self-Directed IRA:
Billy Striplin is the Compliance Specialist at Vantage Self-Directed IRA. He ensures that the company’s self-directed IRA services remain in strict alignment with financial regulations, safeguarding clients’ interests and maintaining a robust compliance infrastructure.
Kaylee Delehoy (Accounting Specialist) at Vantage Self-Directed IRA:
Kaylee Delehoy is the Accounting Specialist at Vantage Self-Directed IRA. She records, analyzes, and reconciles financial transactions, produces financial statements, and provides financial insights to other teams at the company.
Corey Ford (Client Care Representative) at Vantage Self-Directed IRA:
- Corey Ford is a Client Care Representative at Vantage Self-Directed IRA. He is responsible for providing personalized service to clients, helping them navigate the complexities of self-directed IRAs and alternative investments.
- He has a deep understanding of self-directed IRAs and alternative investments. He is also empathetic and able to put clients at ease.
- Corey collaborates seamlessly with internal teams to ensure that client feedback and needs are communicated effectively.
- He is passionate about helping individuals secure their financial futures. He is adept at explaining intricate concepts in accessible terms.
- Corey is a crucial asset within Vantage’s commitment to unparalleled client service.
Sherri Quintana (Chief of Operations) at Vantage Self-Directed IRA:
- Sherri Quintana is the Chief of Operations at Vantage Self-Directed IRA. She is responsible for overseeing the company’s day-to-day operations and strategic endeavors.
- She has a deep understanding of self-directed IRAs and the intricate landscape of alternative investments.
- Sherri is a strategic thinker and has a knack for identifying areas of improvement. She is also adept at inspiring and mentoring teams.
- She is committed to client satisfaction and ensuring that Vantage remains a trusted and compliant participant in the financial ecosystem.
Vantage Self-Directed IRA Products: Bullion Coins, Bars, And Rare CoinsAll products offered by Vantage Self-Directed IRA
Vantage IRA offers a range of IRA account types, catering to various retirement planning needs:
- Traditional IRAs
- Roth IRAs
- Simple IRAs
- SEP IRAs
- Qualified Retirement Accounts
While traditional and Roth IRAs are commonly known, SEP and SIMPLE IRAs are designed for businesses to contribute to their employees’ retirement funds while enjoying tax advantages.
Traditional IRAs provide the benefit of deferring taxes on contributions made during the year. On the other hand, Roth IRAs, similar to Roth gold IRAs, do not defer taxes on contributions, but withdrawals after retirement are tax-free.
For businesses aiming to support employee retirement planning while enjoying tax deductions, SEP and SIMPLE IRAs offer a strategic solution.
Diverse Investment Options:
Vantage Self-Directed IRAs unlock investment opportunities beyond traditional stock market assets.
Here are some notable investment options:
Real Estate:
Real estate is a popular choice among SDIRA investors. This asset class encompasses a wide range of properties such as commercial, residential, multi-family, vacant land, vacation rentals, fix-and-flip projects, and more. The process of purchasing real estate through an IRA is similar to conventional methods – cash, mortgage, or corporate acquisitions are all possible.
Promissory Notes:
Investors seeking fixed income can lend money on their own terms. SDIRAs can invest in various types of promissory notes, including secured, unsecured, convertible notes, trust deeds, and private credit funds. SDIRA holders have complete control over their invested funds and can act as lenders if desired.
Private Entities:
SDIRA holders can invest in non-publicly traded companies, including startups and small to medium-sized businesses. Private entities can take forms like limited partnerships, LLCs, private placements, private funds, and private stocks. Investing in private entities through an IRA provides capital to growing businesses without incurring capital gains taxes upon successful ventures.
Checkbook IRA LLC:
The Checkbook IRA LLC structure involves creating a limited liability company (LLC) where the IRA serves as the sole owner. This setup offers several advantages, particularly for SDIRA investors seeking to diversify across multiple assets. The structure’s flexibility allows for swift capitalization on investment opportunities as they arise.
Vantage IRA equips investors with the means to pursue a diverse range of investment avenues, enabling them to tailor their retirement portfolios to align with their financial goals and preferences.
How to Invest in Vantage Self-Directed IRA?Step-by-step guide for investing in Vantage Self-Directed IRA
To invest in a precious metals IRA through Vantage Self-Directed IRA are the general steps:
- Open a Self-Directed IRA
Select an IRA company that handles opening precious metals IRA accounts and fill out an application. You can work with Vantage Self-Directed IRA to recommend an IRA company and provide the necessary paperwork. However, I don’t recommend doing so.
- Fund Your IRA
Once you have selected an IRA company, you can move your funds into your new IRA account. You can work with the IRA company representative to transfer or rollover funds into the new account.
- Select a Precious Metals Dealer
One of the forms you need to fill out along the way is typically called a Buy Direction Letter. This is where you list the precious metals dealer you have selected, such as Vantage Self-Directed IRA.
- Decide Which Precious Metals to Purchase
You can choose to invest in gold, silver, platinum, or palladium for your IRA. There are some restrictions regarding fineness requirements and allowable coin types, so it’s important to get guidance from Vantage Self-Directed IRA in this area.
- Place Your Order
Once the funds are available in your IRA account, you can call them to place your order for the desired precious metals.
However, I don’t recommend opening an IRA with Vantage Self-Directed IRA. 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 in 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.
Vantage Self-Directed IRA Fees and Charges: Do they overcharge?What are their fees? Do they have hidden fees?
While exploring the company’s website, it has come to my attention that there seems to be a lack of information regarding fees and charges. However, I have found that the FAQs section on the website may provide some relevant details on this matter.
According to the website, a non-refundable account setup cost of $50 is required. The record-keeping fee is $395 per asset or $100 per mortgage liability, with a maximum yearly fee of $2,370. Additionally, customers are responsible for a $125 transaction charge for any asset or liability acquisition, sale, exchange, payback, or re-registration.
Please note that if you decide to cancel your full account, there will be a $225 termination fee which covers the transfer of all your assets. In the case of a partial account termination, which includes a lump-sum payment or asset transfer, there will be a $50 fee.
Companies like Augusta charge ZERO fees for up to 10 years, allowing you to choose your own gold & silver. Vantage Self-Directed IRA on the other hand provides fewer options.
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You can get a free guide on gold IRAs below. It will help you understand the process:
Social Media Presence of Vantage Self-Directed IRA:Twitter, Facebook, & Instagram
Twitter Handle of Vantage Self-Directed IRA:
The company has an account on Twitter. They have 340 followers and are following 651 accounts. Vantage Self-Directed IRA joined Twitter in November 2011.
Facebook Page of Vantage Self-Directed IRAe:
Vantage Self-Directed IRA has 1.2K followers on its Facebook account. They have 1.2K likes with 4.5-star ratings from 44 reviews.
LinkedIn Page of Vantage Self-Directed IRA:
The company has a LinkedIn profile with 320 followers. They also have 18 profiles of its employees on LinkedIn. Their company size is 11-50 employees.
YouTube Account of Vantage Self-Directed IRA:
On Youtube, the Vantage Self-Directed IRA has 177 subscribers. A total of 11 videos with 2,352 views have been uploaded to date. They joined Youtube on 19 December 2011.
Vantage Self-Directed IRA Reviews and Complaints: BBB, Trustpilot, SitejabberRead all the Vantage Self-Directed IRA reviews & complaints
Better Business Bureau (BBB):
On the Better Business Bureau website, Vantage Self-Directed IRA has no star rating or reviews. They have been in the industry for 19 years. No complaints have been filed against the company and its owner. This business has an A+ rating and is BBB accredited.
Yelp:
On Yelp, Vantage Self-Directed IRA has again 1 star out of 5-star ratings according to only 3 customer reviews. Certainly, most of the reviews are negative. The customer criticized their services, products, and shipping.
Google Reviews:
On Google, Vantage Self-Directed IRA has 3.7 stars out of 5-star ratings based on various customer reviews. There are a total of 12 customer reviews on Google, and mostly all of them are positive, with customers praising the company’s excellent customer service, professionalism, and expertise.
Some Positive Reviews:
#1. Lily Dahdah expresses that this company has been excellently constructed and has provided significant assistance over the years.
#2. Lorri Eshe shares that her experience has been wonderful, with no difficulties encountered as long as all necessary paperwork is completed promptly.
#3. Juan Pablo describes the service as exceptional and truly remarkable.
#4. According to Negatu Molla, they stand out as the best choice by a significant margin. Assistance is easily accessible with just a single phone call. The fees are reasonable, and their punctuality, dependability, and effectiveness are impressive. He expresses contentment in discovering them and has remained a satisfied customer since October 2011.
#5. According to Robert Gerundo, he has maintained an account with them for more than 12 years, and the experience has been consistently positive. He commends the friendly demeanor of the employees, noting that they go the extra mile to address any issues that may arise.
Some Negative Reviews:
#1. Tom strongly advises avoiding this company. They serve as the custodian for his investment firm, but they impose a hefty $300 annual fee. Additionally, they recently levied a $125 charge for depositing a check, and once the funds were transferred, they tacked on an additional fee of $55.
#2. Sue has communicated that she reached out to Vantage on three occasions within the past nine days, seeking assistance. However, she has received no response. One of these attempts involved a phone call with the assurance of a callback by the following day’s end. The other two attempts were made through their online portal. Evidently, it appears that they hold little regard for their customers.
It is important to thoroughly investigate the patterns of a company’s staff before trusting them with your money. This includes checking their qualifications and education for any inconsistencies. It is always better to be aware and cautious to avoid deceitful individuals.
Lawsuit Against Vantage Self-Directed IRA:
There’s been a legal case in the news involving Vantage IRA. The claimants, in this case, allege that the company was involved in a Ponzi scheme, being used by fraudsters to cheat unsuspecting older people retirees. The case has been filed in the US District Court for the Northern District of California.
The lawsuit against Vantage Retirement Plan IRA was dismissed, but the problem with fraudsters using self-directed IRAs to rip off investors persists. Self-directed IRA custodians like Vantage Retirement Plan IRA allow investors to purchase investments that aren’t traded on the stock exchange, which gives investors more choices but also opens the door to being fleeced by unscrupulous investment promoters.
Our top companies have a clean background and aren’t involved in any kind of major legal dispute. You can check out the list here.
Is Vantage Self-Directed IRA Legit? Should You Invest With Them?Is Vantage Self-Directed IRA a scam or legit? Are they worth it?
Vantage Self-Directed IRA is a precious metals dealer that has been in business since 2014. They have an A+ rating with the Better Business Bureau and 3.7-star ratings on Google. However, they have also been the subject of several lawsuits alleging that they are involved in many fraudulent activities.
Whether or not this company is a legitimate company is a matter of opinion. Some people believe that the lawsuits against the company are credible and that they should be avoided. Others believe that the lawsuits are frivolous and that the company is a legitimate business.
Before you make any final decision, I recommend checking out our top gold IRA providers.
There, you will find out what the industry’s best has to offer. Also, it will ensure you make an informed decision.
Or, you can check out the best gold dealer in your state below:
Pros:
- A+ rating on BBB
- Reputed brand
- Highly experienced
Cons:
- Limited online reviews
- Faced a lawsuit
- High fees
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