Self-Directed IRA Investing

On Saturday, March 7th, Tom Anderson, President and CEO of PENSCO Trust was awarded an Entrepreneurial Leadership Award for his efforts to advance entrepreneurship by Velocity (an MBA entrepreneurial educational program hosted by the University of California, Berkeley, Indiana University and Rice University. Mr. Anderson was a speaker at the forum and he discussed his experiences with the formation of is company, PENSCO Trust Company, as well as the nature of his business. The MBA students were surprisingly quite interested in the discussion about how IRAs have been used by entrepreneurs to fund thousands of small businesses in the U.S. This message was particularly well received due the current constraints in the traditional capital markets and the tightened credit situation in today’s economy. One student wrote that after returning to Los Angeles after the event, she found out at a cocktail party that one of her close friends was forming a bank through IRAs administered by PENSCO Trust!