Investing With Your Custodian Controlled IRA

Modified on Wed, 01 Nov 2023 at 11:45 AM

As part of our AML/KYC compliance policies, we are required to verify your identity. As long as your individual AML/KYC clears, you will likely not be asked to submit additional information. 

For more information about setting up your individual profile – please go here to for a walkthrough.

Once you’ve set up your individual account, you can add additional accounts to your profile.

To do this, click on the down arrow in the upper right hand corner next to your name (1), then hover your mouse over the “+Add New Account” field (2), then click “Entity” (3).

Once you do, you’ll be taken to a screen that looks like this.

Please enter your first name and last name exactly as it appears on your government issued identification. You will also need to enter your phone number and date of birth.

For the section marked “Entity Information,” the naming convention is typically [Name of Custodian] FBO [Name of Investor]; For example, Alto IRA FBO Everett Hoffberg.

In some instances, you will also need to include the [Account Number].

For example, Equity Trust Company Custodian FBO Everett Hoffberg Roth IRA #XXXXXXXXX

[Note: these are not recommendations or endorsements for any custodian mentioned in the example]

After this, please enter your, address (cannot be a P.O. Box), state, and country, of your custodian.

Here is a list of custodians other investors have used on Equifund, along with their respective information. 

If for any reason, you’d like to create a separate login/password to access any additional investment accounts, you can check the “Create a password for this account user.”

Once you’ve done this, the screen will refresh and you will be taken to the homepage of your new account. You will still need to enter some additional information to complete the setup process.

The Contact Information and Entity Information will already be populated. You will need to complete the section marked Identiy Verification.

Please note that any information you entered from your “Individual Account” will not transfer to this one.

This means you will need to re-enter your social security number, nationality, and country of residence.

You will also need to specify the Tax Entity Type.

Please select “IRA” from the drop down menu

To confirm the additional account has been set up, hover over the upper right hand corner.

You can switch back and forth between all of your accounts from this menu.

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