Pacific Premier Trust is a modern self-directed trust provider that allows users to manage their trust funds with custom solutions. It provides various client services and products, including custodial accounts, trust accounts, investment advisory services, and custody services.
Moreover, it is an established, reputable, and reliable trust provider that has existed and served clients since 1989. The company has a reputation for high-quality service, strict adherence to fiduciary standards and regulations, and responsive customer support.
It is also known for giving back to the community, often supporting local charities and non-profits.
This Pacific Premier Trust review focuses on the company’s core features and analyzes whether it is a worthy provider for prospective retirement clients.
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See if Pacific Premier Trust made our list this year, or continue with this review below to see if they are possibly the right company for your investment needs.
Evaluate your financial objectives and standing before determining if a self-directed individual retirement account (IRA), including those provided by the Pacific Premier Trust, is the appropriate option for you.
Self-directed IRAs require a higher level of financial knowledge and involve a higher risk than traditional IRAs. These accounts are not suitable for everyone. Therefore, be mindful when making your decision.
The Pacific Premier Trust company is based in Irvine California and is a division of Pacific Premier Bank, a full-service commercial bank with branches throughout the United States.
It offers a range of self-directed IRA products, including traditional and Roth IRAs, as well as business retirement account options.
Pacific Premier Bank provides an extensive range of individual and institutional investment options, including stocks, bonds, mutual funds, real estate, and more.
The Pacific Premier Trust provides services to both individual and institutional investors. Generally, individuals often seek self-directed IRA products, while corporate clients value the trust for its business retirement plans.
Individual investors who desire more influence over their retirement savings and a wide selection of investment options often find premium solutions at Pacific Premier Trust.
Broker-dealers and registered investment advisors are Pacific Premier Trust corporate clients who provide self-directed IRA products to other users. They utilize the trust to manage and invest their funds securely and cost-effectively.
These corporate partners also benefit from the firm’s wide variety of investment options, access to financial professionals who offer insights and strategies to maximize their investments, and secure and reliable custody services.
Family offices are Pacific Premier Trust’s corporate clients who act as wealth management advisors for one family and manage funds on their behalf.
The self-directed IRAs and custodial services offered by Pacific Premier Trust are useful for family offices interested in holding alternative assets for their clients and gaining tax advantage.
In addition, the Pacific Premier Bank also offers other investment options to maximize returns, making the company an attractive choice for most family offices.
Professional Service Providers are another group served by Pacific Premier Trust. These clients are professionals, such as attorneys, Certified Public Accountants (CPAs), financial planners, and other advisors, who provide financial services to their clients.
These customers value the company’s ability to provide secure custodial services customized to their clients’ needs. Self-directed IRAs and other tax-advantaged investments are also attractive options for their clients.
The services offered by Pacific Premier Trust also provide these professionals with insights on strategies and investments they can utilize to maximize their clients’ returns.
Pacific Premier Trust has several IRA account options for individuals and corporate entities. Traditional or Roth IRA, SEP, SIMPLE, Individual 401(k), and Group 401(k) are popular accounts offered by the firm.
Each account type presents different benefits, such as tax advantages, investment options, and asset protection. Investors can select the best account type based on their individual investment goals.
Examples of Pacific Premier Trust’s self-directed IRA products include:
A traditional IRA enables you to save for retirement on a tax-deferred basis. That means you can contribute pretax dollars to the IRA, and your contributions are not subject to tax until you withdraw the funds.
Additionally, contributions to a traditional IRA may be tax deductible. A conventional IRA also enables you to invest your savings in numerous assets such as stocks, bonds, mutual funds, and exchange-traded funds (ETFs).
While a traditional IRA may not offer the same benefits as a self-directed IRA, you may still be able to use it to hold alternative assets by rolling it over into a self-directed IRA. Rolling over your traditional IRA is a great way to take advantage of the benefits of a self-directed IRA while simultaneously enjoying the tax advantages of a traditional IRA.
If you have a conventional IRA, you’ll need to complete annual tax reporting. That means you should declare contributions to your traditional IRA on your tax return and all the income and deductions related to it.
A Roth IRA is another popular retirement savings account. It is similar to a traditional IRA with one key difference: contributions are made to a Roth IRA after taxes. Therefore, they are not tax-deductible.
However, Roth IRAs have tax-free withdrawals. When you withdraw funds from a Roth IRA in retirement, you will not pay taxes on your earnings.
Also, the Internal Revenue Service (IRS) sets an annual contribution limit for Roth IRAs, which caps the amount of money you can contribute to the account each year. This limit is adjusted for inflation annually.
Whether you should choose the traditional or Roth IRA depends on individual circumstances. You should weigh your financial goals and contribution limits against the tax implications of each account type when deciding which is right for you.
Fortunately, Pacific Premier Trust can explain the differences between these accounts and help you make the best choice for your financial future.
Inherited or beneficiary IRAs are the retirement accounts you set up for yourself and can pass on to a loved one or beneficiary after death. They are also commonly called stretch IRAs because when the beneficiary inherits the account, they can stretch out the assets over their lifetime.
This ability to stretch the assets allows them to benefit from the additional growth potential of their funds and provides tax advantages.
The Pacific Premier Trust Company offers several account options for individuals who have inherited IRAs or are beneficiaries of an IRA. Beneficiaries may open an inherited account and keep regular IRA rules or opt to roll over the account into a new or existing IRA.
Additionally, Pacific Premier Trust offers resources that help to navigate the complicated rules that govern inherited IRAs, providing beneficiaries with the information they need to make informed decisions.
Another offering of Pacific Premier Trust’s self-directed IRA products is custodial services. Custodial IRAs are accounts held in the name of a minor, typically under 18.
These accounts are a great way to help teach children the importance of saving and investing for their future and provide them with access to tax-advantaged money.
Funds can be contributed regularly or as a one-time gift and can be used to invest in stocks, mutual funds, and ETFs. These accounts are also often protected from creditors.
Finally, Pacific Premier Trust Company also offers business retirement accounts, such as SEP and SIMPLE IRAs, as well as 401(k) and 403(b) plans for small to mid-sized businesses.
These plans help businesses save for retirement while providing tax savings. The employer and employees can make tax-deferred contributions, providing a great way to save for retirement on a tax-advantaged basis.
Additionally, these accounts offer tax-deductible contributions that businesses can invest in various assets, such as stocks and mutual funds. Furthermore, this type of account is flexible and can supplement other retirement savings plans.
SEP IRAs are the most common type of retirement plan for small businesses, as they are relatively simple to set up and maintain. They are also highly flexible, allowing for varying contribution amounts depending on the size of the business and its overall profitability. 401(k) and 403(b) plans are more complex and require additional paperwork but may offer more favorable tax benefits and additional features that may be absent in other account types.
On the other hand, a Coverdell education savings account is a tax-advantaged account designed to help save for future education-related expenses. These accounts allow contributions of up to $2,000 per year, depending on your income and the beneficiary’s age.
Contributions are not tax deductible, but all earnings are tax-free when used for qualified education expenses. In addition, Coverdell funds in one account can be rolled over into another Coverdell account or a 529 college savings plan.
Finally, another contribution plan for company employees is the employee stock ownership plan (ESOP). An ESOP is a type of retirement plan designed for employees to invest in the stocks of the company for which they work.
ESOPs have some unique tax benefits for both the company and the employees. An example is that the company can claim a tax deduction for the contributions it makes to the plan, and the employees do not have to pay taxes on the contributions until they receive a distribution from the plan.
Pacific Premier Trust’s self-directed IRA products allow investors to hold a wide range of investment assets, including:
One of the account investment options the Pacific Premier Trust offers clients is the ability to invest in private equity with their self-directed IRA accounts.
Private equity investments, such as partnerships or limited liability companies, typically involve investing in private companies that are not publicly traded on a stock exchange, such as venture capital and buyout funds.
These types of investments are often considered to be higher risk and higher reward, making them appealing to investors looking for higher returns.
Private equity also enables investors to invest in early-stage companies, which can provide higher returns than other traditional investments.
Another option for alternative investments available through the Pacific Premier Trust is real estate investing which can be done with a self-directed IRA account. Real estate investments can diversify portfolio holdings, and the ownership of physical property has numerous advantages.
Popular investor strategies include buying rental properties, flipping properties, and investing in land with a high potential for capital appreciation.
Income generated from real estate investments can provide a steady income stream for retirement.
Additionally, Pacific Premier Trust allows investors to invest in promissory notes with their self-directed IRA accounts. Promissory notes are debt instruments often used as an alternative to traditional loans and bonds.
They typically involve the lender loaning a large sum of money to a borrower, and the borrower agrees to pay back the loan with interest over a certain period.
Promissory notes can provide a steady stream of returns, similar to bonds, but also come with higher risks than traditional investments.
Pacific Premier Trust also offers investors access to alternative investments through self-directed IRAs.
Alternative investments include tangible assets, such as precious metals, collectibles, foreign currency, and cryptocurrencies.
These investments can provide a diversified portfolio and protect against stock market volatility.
Stock Market Securities
In addition to the alternative investment options, Pacific Premier Trust also offers investors access to stock market securities. These include stocks, mutual funds, ETFs, bonds, and variable annuities.
Traditional stock market securities can provide an even more diversified portfolio when paired with other investment assets.
With the range of investment options available through Pacific Premier Trust’s Self-Directed IRA accounts, many investors opt to diversify their portfolio by investing in physical gold.
Gold can provide investors with a hedge against inflation and other adverse market conditions. Physical gold held within a self-directed IRA can also provide additional tax advantages over other investments, as the investor’s profits will not be subject to capital gains taxes.
Investing in gold also offers protection from market volatility, as gold prices tend to remain relatively stable during uncertain financial times.
However, physical metals investment carries risks, including the potential for fines and storage and insurance costs.
Pacific Premier Trust applies several fees for its self-directed IRA products. They include:
One-Time Account Establishment Fees
The trust charges a fee when a client opens a new account.
Account Administration and Maintenance Fees
Pacific Premier Trust charges an annual fee to cover the maintenance and administration of your self-directed IRA account.
These fees are generally reasonable. However, investors should beware of additional account administration costs when investing in alternative assets.
The trust charges a fee for financial transaction processing on your account.
Pacific Premier Trust also charges a fee to close an account, which may be slightly higher than the one-time account establishment fee.
Note that fees can fluctuate depending on your account and the investment options you choose. Before investing through the Pacific Premier Trust, prospective account holders should thoroughly examine the fee structure and all associated costs.
Also Read: Does Wells Fargo offer gold IRAS?
To sum up, Pacific Premier Trust offers an extensive selection of premium investment solutions, which provide individuals and institutional investors with a comprehensive list of retirement accounts and investment options.
The company’s account offerings allow investors to hold a wide range of alternative assets. However, potential investors should understand the risks associated with any investment and always do their due diligence before investing.
Potential account holders should also thoroughly examine the cost schedule and consider all the expenses associated with making investments. Examining the firm’s Better Business Bureau (BBB) rating and seeking specialized financial advice are also advantageous.