Eric Satz, CEO, AltoIRA met with Julie Cooling, Founder & CEO, RIA Channel to discuss discuss how his new firm is making it easier to add alternative investments within IRA accounts.
Alternatives, in this case defined as any non-publicly traded investment, have historically been shut out of traditional retirement plan accounts. In the past, investors looking to use a self-directed IRA to access venture capital or real estate opportunities may have a hard time finding a facilitator.
AltoIRA acts as the administrator for alternatives, “just as Turbo Tax does for self-filers,” explains Satz. Beyond just facilitating the initial investment, Alto also tracks the ongoing performance and helps transition the data into client statements. The Alto® platform aims to make an otherwise time consuming and difficult process, accessible and simple to execute. According to Satz, less than 1% of the $30 trillion sitting in retirement funds are currently tapping into alternatives. Satz believes his tech driven platform has the power to raise that percentage substantially.
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