SIOUX FALLS, S.D., Dec. 17, 2013 /PRNewswire/ -- The Kingdom Trust Company, a leader in the emerging crowdfunding marketplace, has announced the launch of KingdomCrowdIRA.com, a digital space dedicated solely for crowdfunding investing within a self-directed IRA. In conjunction with the launch, Kingdom Trust is waiving the account opening fee as well as introducing a $100 annual fee which will be available to individuals who are investing in crowdfunding opportunities.
"We are committed to continuing to be the innovator in the crowdfunding space," said Kingdom Trust CEO and co-founder Doug Lawson. "We work with the most platforms and portals as a result of our leading edge on-line account processing. Now, we are making the entry price a win-win for both our institutional clients and retail investors."
In addition to serving as a self-directed IRA custodian for crowdfunding, Kingdom Trust also provides custody services for the private equity, debt and peer-to-peer lending marketplace. Kingdom Trust is also a leading institutional provider that can effectively work with accredited investors in a seamless and efficient on-line process.
As the crowdfunding market grows beyond strictly accredited investors, which is approximately 8.5 million, the retirement industry opens up an estimated $5.8 trillion market, according to Kingdom Trust vice president of business development James A. Jones. "Forty-nine million American households own IRAs and the self-directed IRA industry represents a mere 1-2 percent of these 49 million IRA's. Kingdom Trust is uniquely positioned to attract this huge untapped marketplace."
Jones, the self-directed IRA industry's most published author, has been a pioneer in the self-directed IRA crowdfunding space for the last several years. As a board member and co-chairman of the Crowd Funding Intermediary Regulatory Advocate Group, he has an opportunity to participate in the issues for investors that is ultimately shared and presented to the SEC regarding the JOBS Act. According to Jones, "In a few short years, this industry has gone from zero to $5-6 Billion. In another few short years, some experts are predicting a ten fold increase."
Kingdom Trust is registered and regulated as a non-depository trust company in the state of South Dakota. For more information, visit www.kingdomtrustco.com.
SOURCE Kingdom Trust Company