Next Generation Trust Company

What Next Generation Trust Company does

Next Generation Trust Company is a privately-held, South Dakota-chartered trust company that operates as a self-directed IRA custodian and third-party administrator for retirement accounts holding alternative assets. Founded in 2004 by Jaime Raskulinecz (originally as part of the Entrust Northeast network, with the firm spinning out as Next Generation TS, LLC in 2011 and launching the dedicated custodian entity in 2017), the company is headquartered in Sioux Falls, SD and operates a back-office administration hub in Roseland, NJ. The company serves individual investors, real estate professionals, and financial advisors nationwide, enabling tax-advantaged retirement investments in real estate, private equity, private placements, notes, precious metals, and cryptocurrency through account types including Traditional, Roth, SEP, SIMPLE, Solo 401(k), HSA, ESA, and Precious Metals IRAs, with optional IRA LLC structures for checkbook control.

The company's core technology stack is a custodial administration workflow for self-directed retirement accounts, including transaction processing, account management, document handling, and a client portal, supported by third-party SaaS tools such as DocuSign, Microsoft Clarity, and VWO rather than a proprietary platform. Distribution is sales-led through phone-based inside sales, a self-service website with educational starter kits, and a financial-advisor channel, supplemented by content marketing (blog, whitepapers, webinars), earned media, and educational events. Key infrastructure partnerships include Delaware Depository for precious metals storage and iTrustCapital and ErisX for cryptocurrency investment access.

Revenue is generated through a hybrid model combining recurring annual account fees (per account type) with per-transaction fees for buy/sell directions, private placements, and real estate transactions, plus storage fees for precious metals held at IRS-approved depositories. The company has remained bootstrapped and founder-owned throughout its history, with no disclosed funding rounds, institutional investors, or M&A activity, and operates with an 11-50 employee headcount across its two locations.

Name

Next Generation Trust Company

Legal name

Next Generation Trust Company

Website

https://nextgenerationtrust.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

1–10 employees

Short description

Next Generation Trust Company is a privately-held South Dakota-chartered self-directed IRA custodian and third-party administrator, founded in 2004, that enables individuals, real estate professionals, and financial advisors to hold alternative assets such as real estate, private equity, precious metals, and cryptocurrency within tax-advantaged retirement accounts on a nationwide basis.

Ownership category

akta.pro rank

Product category

Self-Directed IRA Custody and Administration

NAICS

Trust, Fiduciary, and Custody Activities (523991), Trusts, Estates, and Agency Accounts (52592), Trusts, Estates, and Agency Accounts (525920)

SIC

Finance Services (6199)

akta.pro industry

PRIMARYFSAAANAC

Employee Benefit & Retirement Plan Trust Services

Financial & Insurance/Asset & Wealth Management/Trust & Fiduciary Services (Trust Companies, Estate & Custody Trusts)

SECONDARYFSAAANAB

Corporate & Institutional Trust Services

Financial & Insurance/Asset & Wealth Management/Trust & Fiduciary Services (Trust Companies, Estate & Custody Trusts)

SECONDARYFSAAANAK

Directed Trust & Trust Advisory Services

Financial & Insurance/Asset & Wealth Management/Trust & Fiduciary Services (Trust Companies, Estate & Custody Trusts)

SECONDARYFSAEABAF

Retirement Plan Participant Advice & Managed Accounts

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Wealth & Retirement Advisory

SECONDARYFSAAAAAJ

Retirement & Pension Wealth (401(k)/IRA/SIPP/Superannuation Retail)

Financial & Insurance/Asset & Wealth Management/Retail & Mass-Affluent Wealth Management

Keywords

• Self-directed IRA custody
• Retirement account administration
• Alternative asset investing
• Self-directed retirement plans
• Third-party IRA administration

Headquarters

HQ city

Sioux Falls

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Annual Account Fees: The company charges annual account fees for custodian and administrative services. Fee schedules are available for different account types including Traditional IRA, Roth IRA, SEP IRA, Solo 401(k), SIMPLE IRA, HSA, ESA, and Precious Metals accounts. The specific fee amounts are not publicly disclosed on the website but can be obtained by contacting the company or reviewing their fee schedule documents.
2. Transaction Fees: The company charges transaction fees for processing various investment transactions within self-directed accounts. These include buy direction letters, sell direction letters, private placement investments, real estate transactions, and other alternative asset purchases.
3. Precious Metals Storage Fees: For precious metals held in self-directed IRAs, the company charges storage fees through their Precious Metals Fee Schedule. These fees are associated with storing metals at IRS-approved depositories like Delaware Depository.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Next Generation Trust Company operates as a self-directed IRA custodian and third-party administrator, holding retirement account assets and administering alternative-asset investments such as real estate, private equity, notes, precious metals, and cryptocurrency. The firm processes transactions, maintains account records, issues required reports, and supports checkbook-control IRA LLC structures for direct investing by clients.

Product overview

Next Generation Trust Company operates as a self-directed IRA custodian and administrator offering a unified platform for alternative asset investment within retirement accounts. The core offering includes custodial services for self-directed IRAs supporting diverse account types (Traditional, Roth, SEP, Solo 401(k), SIMPLE, HSA, ESA, and Precious Metals IRAs). The platform enables checkbook control through IRA LLC structures for direct real estate and private investments. Transaction support services include account funding, document processing for buy/sell directions, fair market valuations, and loan administration. Administrative services are provided by Next Generation Services (NGS), while Next Generation Trust Company serves as the custodian and holder of assets.

Differentiator

Problem solved

Functional benefit

Products and services

• Self-Directed IRA Custodial Services
• Traditional IRA
• Roth IRA
• SEP IRA
• Solo 401(k)
• SIMPLE IRA
• Health Savings Account (HSA)
• Education Savings Account (ESA)
• Precious Metals Traditional IRA
• Outsourced Qualified Plan
• IRA LLC (Checkbook Control)
• Real Estate Investment Services
• Private Placement Services
• Account Funding Services
• Transaction Document Services
• Account Management Services
• Unsecured Loan Services
• Precious Metals Storage Services
• Lost Participants & Automatic Rollovers
• Advisor Accounts

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• iTrustCapitalcoreTechnology or Integration · 6 June 2025Next Generation Trust Company partnered with iTrustCapital, a cryptocurrency investment platform, to provide streamlined and secure access to cryptocurrency investments within self-directed IRAs. This partnership enables clients to invest in digital assets through an integrated platform.
• Purse StringsminorStrategic or Co-development Partner · 11 November 2021Next Generation Trust Company formed an educational alliance with Purse Strings, a financial education platform. This partnership focused on educating women about self-directed retirement investing and financial literacy.
• ErisXcoreTechnology or Integration · 9 August 2021Next Generation Trust Company and ErisX announced an administrative relationship to streamline the cryptocurrency investment process for self-directed IRA owners. This partnership facilitated easier trading and holding of digital currencies within retirement accounts.
• Financial Services Education Company (NGTS Academy)minorStrategic or Co-development Partner · 15 January 2014Next Generation Trust Services partnered with a financial services education company to develop NGTS Academy for improved staff training and customer service excellence.
• Delaware DepositorycoreTechnology or IntegrationDelaware Depository is the recommended precious metals storage partner for Next Generation Trust Company clients. It is the only depository that is also a trust company, with its own precious metals sales and support teams. The company offers excellent reputation, strong security, customer service, and accounting support.

Scale indicators3 records

Recent moves10 records

Expansion highlights6 records

Emerging players

• Alto (formerly AltoIRA): Digital self-directed IRA platform enabling alternative-asset investing (crypto, real estate, private equity, venture) within retirement accounts. Comparable niche but with a more technology-led, venture-funded model.
• iTrustCapital: Crypto-focused retirement platform that is both a partner and adjacent competitor; while Next Generation integrates with iTrustCapital for crypto, iTrustCapital itself offers self-directed IRAs for digital assets, creating partial overlap.
• Rocket Dollar: Fintech-driven self-directed IRA platform offering checkbook-control retirement accounts for alternative investments. Targets a similar DIY investor base with a more modern tech stack, representing a younger competitive threat.

Direct peers

• Equity Trust Company: One of the largest self-directed IRA custodians in the U.S., supporting alternative-asset investing (real estate, private equity, crypto, precious metals) within retirement accounts. Closely comparable in product set and target customer to Next Generation Trust Company.
• STRATA Trust Company: Specialized self-directed IRA custodian focused on alternative investments including real estate, private equity, notes, and precious metals. Directly competes with Next Generation in the self-directed retirement niche.
• Kingdom Trust Company: Self-directed IRA custodian offering alternative-asset retirement accounts with an emphasis on digital assets and precious metals. Comparable niche positioning and target investor profile.
• uDirect IRA Services: Self-directed IRA administrator and custodian that supports alternative-asset retirement investing with both traditional and LLC/checkbook-control structures, mirroring Next Generation's IRA LLC offering.
• IRA Financial Group: Provider of self-directed retirement accounts (including checkbook-control IRA LLCs) used to invest in real estate, private equity, and crypto. Directly overlaps with Next Generation's core service line.
• GoldStar Trust Company: Self-directed IRA custodian servicing alternative-asset retirement accounts, particularly for precious metals and real estate. Competes with Next Generation in the alternative IRA space.
• Pensco Trust Company: Custodian specializing in self-directed IRAs holding alternative investments such as real estate, private equity, and promissory notes. Serves a similar investor base with overlapping account types.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/next-generation-trust-company
• Xx.com/NextGenTrustCo
• Facebookfacebook.com/NextGenerationTrust

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Next Generation Trust Company