There are several advantages to using CNB as your IRA custodian of choice, however, one that is often overlooked is the ability to hold multiple types of assets within the same IRA, thereby saving money, time, and paperwork. CNB is able to custody a wide variety of investments including REITs, Business Development Companies, Interval Funds, Limited Partnerships, Limited Liability Companies, Private Placement Stocks, Annuities and Mutual Funds all within one IRA. This allows you to view all investments on one statement and contact one reliable source for processing and account information.
One of the most attractive aspects of a multi-asset account is the savings you will see in IRA fees. Imagine being able to combine several existing IRAs into just one IRA at CNB and eliminating all of those separate account fees. You can also make your next investment purchase into an existing CNB IRA to avoid preparing new account applications, set up fees, and yet another annual IRA fee. Not only is it possible to reduce your paperwork and fees, it is easy!
CNB charges one low annual base fee regardless of the number of investments in the IRA or the total value of those investments. Transaction and asset holding fees may apply depending on the type of investments, so call us today for a quote on your fees and to confirm that the investments can be held by CNB. We will be happy to help you consolidate your accounts in an effort to save you time, money, and the hassle of dealing with multiple companies.