SIOUX FALLS, S.D., Jan. 26, 2016 /PRNewswire/ -- "For every $1 in a personal savings account, there are over $12 in an individual's retirement savings account," said Todd Yancey, Chief Strategy Officer of IRA Services, a custodian for self-directed IRAs, in his presentation at the 2016 Online Marketplace Cloud Lending Summit.
"Most Americans are unaware that they can direct these stagnant retirement funds into a variety of self-directed investment opportunities including equity-based crowdfunding."
"Increasingly, real estate developers are looking to crowdfunding to finance projects, and the estimated $14 trillion sitting in IRAs and 401(k)s is turning out to be a valuable new source of capital for these innovative new business opportunities," said Yancey.
Yancey moderated a discussion on "Cloud-based Lending in the Commercial & Residential Markets," along with co-panelists Jorge Newberry from American Homeowner Preservation, and Ryan Granito from Fundrise. Topic highlights centered around the recent implementation of JOBS Act Regulation A+, which resulted in a dramatic increase in the number of investors which can now participate in equity-crowdfunding. The panelists pointed out that although there was an increase in the investor pool, there was still an imbalance in the amount of capital available.
Yancey's appearance at The Cloud Lending Summit & Expo, sponsored by the Cloud Computing Association, represents the first of a series of conferences and trade shows that IRA Services will be participating in during the coming year to build on their deeply-rooted history in the financial services industry.
About IRA Services Trust Company
IRA Services has more than 35 years of experience offering unmatched custodial, administrative, trustee services in the self-directed IRA industry. Account holders invest in "traditional" publicly-traded assets such as stocks, bonds, and mutual funds, and a wide variety of alternative assets, including: real estate, precious metals, partnerships, limited liability companies, private stock, promissory notes, crowdfunding investments, and more. IRA Services custodies over $6 billion in client assets, providing experience, superior service, true diversification, and low fees. Visit www.iraservicestrust.com for more information about our company.
SOURCE IRA Services Trust Company