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      IRA Investors Best Practices

      Learn the nuances of managing IRA Investors in SyndicationPro

      🏃💨 Key Takeaways

      1. Make sure the name of the IRA Profile for the Investor exactly matches the name of the actual IRA (i.e., Custodian FBO {Owner Name} {Account Number} IRA)
      2. For distribution notifications, ensure the Investor includes the email address of the IRA Custodian so they are notified of new payments and can reconcile them correctly.

      Intro

      Working with IRA Investors in SyndicationPro introduces a few important nuances to understand. Following these best practices will ensure that raising capital with IRA Investors goes as smoothly as possible.

      Make managing self-direct IRA investors a breeze through our direct integration with ETC (Equity Trust Company). Click here to learn more.

      Best Practice #1: IRA Profile Names

      The most important thing to consider when setting up an IRA Profile for an investor is ensuring the Profile name matches the exact IRA name.

      You may want to shorten the IRA Profile name to save time/space, however, it would be best if you do not do this since this will cause problems with the Custodian when they try to reconcile payments made to the IRA.

      Correct IRA Name Example:

      ETC Custodian FBO John Smith 12345678 IRA

      Best Practice #2: Custodian Email Notifications

      Steps to follow as an Administrator:

      IRA

      It is best practice to have your Investors include the IRA custodian's email address(es) on the IRA profile. Adding the Custodian's email address to receive distribution notification emails will ensure the Custodian is notified of new payments so they can correctly reconcile them.

      From Admin Portal

      1. Click Contacts from the left-hand navigation menu
      2. Search for the name of the Investor and click on their name
      3. Click towards the top of the screen
      4. Click from the left-hand navigation menu
      5. Click on the correct IRA profile
      6. Scroll down to the Distribution Notification Email section
      7. Enter the IRA custodian email address
      8. Press Enter on your keyboard
      9. Click

      From Investor Portal

      1. Click from the left-hand navigation menu
      2. Click on the correct IRA profile
      3. Scroll down to the Distribution Notification Email section
      4. Enter the IRA custodian email address
      5. Press Enter on your keyboard
      6. Click

      👤 For questions or help with the process, email us at success@sponsorcloud.io or Schedule a meeting. An experienced Customer Success Manager will reach out to assist you.