Next Generation Trust Company, a custodian of self-directed retirement plans, is reaching out to independent, fee-based financial advisors to help clients diversify their retirement portfolios with alternative assets. CEO Jaime Raskulinecz published an article on the firm's website detailing how advisors can work with Next Generation to enable clients to include a broad array of nontraditional investments in their retirement plans through self-direction.
The initiative responds to recent shifts in the retirement plan industry, particularly an executive order in 2025 by President Trump that permits the inclusion of alternative assets in employer-sponsored defined contribution plans, based on plan fiduciaries' judgment. Subsequently, several brokerage firms have started allowing some alternative assets in 401(k) plans. For instance, in early June, Charles Schwab Corp. announced a proprietary platform for investing in cryptocurrency futures and plans to open dozens of offices for wealth management and registered investment advisors, moves that will directly compete with financial advisors working at the firm.
Raskulinecz noted that while some brokerage firms are greenlighting alternatives like cryptocurrency, many financial advisors may be hesitant to recommend nontraditional investments due to lack of experience or in-depth knowledge. "That's why we encourage independent, fee-based advisors to work with Next Generation and help their clients diversify their portfolios with a trusted resource," she said.
Next Generation Trust Company, founded in 2004, has long invited independent advisors to collaborate on behalf of clients seeking to include alternative assets in their retirement plans. Key benefits for advisors include expanding clients' access to real estate, precious metals, private placements, commodities, and other alternative assets allowed in self-directed IRAs and other plans. The firm offers full-service administration and custody, handling asset custody, administration, and transaction execution, which simplifies the process for advisors. Advisors can maintain valued client relationships and continue billing on assets held by Next Generation, potentially enhancing their income through expanded client investments.
"We are never in competition with financial advisors and look forward to showing more professionals how Next Generation's advisory structure enhances their practice, with the potential to boost their own revenue stream," Raskulinecz said.
Financial professionals can read the full article at https://shorturl.at/QoiaP and learn more about this arrangement here. Next Generation Trust Company, chartered in South Dakota, and its sister firm, Next Generation Services, provide comprehensive account administration and transaction support, guiding clients and their trusted advisors through a seamless transaction experience.
