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Leading REIT Provider Joins First Trust Retirement Lineup

DST, a global provider of strategically unified business processing, customer communications, and data management solutions, today announced that First Trust Retirement, the premier low-cost leader for self-directed IRA’s specializing in alternative investment holdings, has added another of the nation’s leading real estate investment trust sponsors to its provider lineup. 

Financial advisors now have access to San Diego -based MVP REIT, Inc., a publicly registered, non-traded REIT hybrid,  through First Trust Retirement’s IRA, Roth IRA, and Simplified Employee Pension Plan (SEP) accounts.

With the additions, the First Trust lineup now includes more than 20 product sponsors offering select alternative investments not typically available through mutual fund and brokerage-offered IRAs, including non-traded REITs and Business Development Companies.

“We’re pleased to see a product manufacturer like MVP REIT join the First Trust lineup,” says Larry Kiefer, Vice President of Business Development at DST. “It’s a win for everyone involved…advisors gain access to a wide variety of investment options and the sponsors are able to round out their product offerings on DST’s platform.”

First Trust Retirement -- a unique solution powered by DST’s industry-leading shareholder servicing technology -- streamlines the process for advisors offering alternative investments to their self-directed IRA clients. Annual custodial fees start as low as $25, and account setup is up to three times faster than other custodial providers.

“Financial advisors are looking for products that generate absolute return with lower volatility, and First Trust enables them to spend less time, less effort, and less cost finding alternative investments for their clients’ IRAs,” says Kiefer.

DST, well known as the largest third-party provider of investor recordkeeping services in the U.S., is also the leading provider of alternative fund solutions to the mass distribution retail market. With a scalable service model that can be tailored to the exact set of services an alternatives business requires, DST is currently servicing over 2.0 million alternative accounts.