Venulum names Pensco Trust Company as preferred IRA custodian

Venulum Group the private wealth management firm specializing in alternative investments for US private investors uses the Pensco Trust Company as its preferred custodian of Individual Retirement Accounts, Solo K’s and 401K’s.

Pensco Trust Company, chartered in New Hampshire, is the US’s only single-service special asset custodian for self-directed Individual Retirement Accounts (IRAs) – focusing on non-traditional asset classes, such as real estate.

Giles Cadman, Chairman of Venulum (www.venulum.com), believes that Venulum’s clients benefit from the strengths of Pensco’s expertise in non-traditional IRA investment.

He explains. “Pensco’s IRA’s are ‘self-directed’, allowing the beneficiary more control over their investment decisions than traditional IRAs. When an IRA account is self-directed, the beneficiary makes all the investment decisions and instructs the custodian to act according to their wishes – giving clients maximum flexibility in the selection of their investments, utmost confidence in the stewardship, and dedicated customer service at every stage. We have been working with Pensco for a couple of years and found them to be very professional, and helpful.” he adds.

Rob Spalding, Business Development Officer from Pensco Trust Company (www.penscotrust.com), explained at the Venulum’s client conference last year that: “as a regulated IRA custodian, Pensco are independent and are never in conflict with investors’ goals because they do not sell investment products nor provide investment or tax advice”.

Venulum constantly seeks to improve its private wealth management services based on close consultation with its clients; and for those clients unable to transfer their retirement funds to Pensco, negotiations are in progress with several other custodians. In fact, Venulum has recently received approval for its Real Estate Funds from the Equity Trust Company (www.trustetc.com).

Equity Trust’s IRAS are also self-directed, and this chartered Ohio company is the nation’s leading provider of self-directed and real estate IRAs. Equity Trust and its affiliates have been at the forefront of the self-directed retirement plan industry since 1974, with tens of thousands of clients.

About Venulum:

The Venulum Group is a multinational private wealth management firm headquartered in the British Virgin Islands. The Group manages the wealth of high- net worth, accredited individuals, and specializes in alternative investments often not available to the general public. Venulum helps high net worth individuals balance their portfolios.

The Venulum Group was formed in 2002, and has expanded to include offices in five countries. Since 2002 Venulum’s client base has grown steadily, and now has a substantial number of United States based clients.

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