Yes, we are able to accept investments via Individual Retirement Accounts (IRAs), but most commonly those assets will need to be outside of a corporate plan and set up as a self-directed IRA (sometimes called checkbook IRAs). Equity Trust (formerly Midland) is the firm we most frequently work with and they charge a flat annual fee (around $325 at time of writing) for funds under their custody.
Millenium and Kingdom Trust are the other firms we've worked with, though we are able to get set up with any self-directed IRA provider that you prefer.
One important difference between Mutiny and a mutual fund, ETF or stock is that it is marked-to-market (vs a mutual fund or stock which only has tax triggered at time of sale) so that taxes will be owed each year.
For example, an investor investing $1mm that then sees their investment appreciate to $1.1mm over the course of a year will owe tax on the $100,000 profit. Because of this, investments via an IRA account may be more tax advantageous for investors.
Please note that due to transfer times outside our control, it typically takes ten days (and can take up to 3 weeks) from the time you start setting up a self-directed IRA to when you are able to fund your account. Our IRA Onboarding document has more details on the process and timelines of getting set up.
In order to make sure all investors set up a self-directed IRA in time for a following month investment, our recommendations are:
Setting up a self-directed IRA and funding by wire: +/ - 9 days. Process to be initiated by the 15th of the month.
Requesting a Transfer from another IRA (e.g. eTrade, Schwab, Fidelity) with funds available in cash: +/ - 9 days. Process to be initiated by the 15th of the month.
Setting up a self-directed IRA and funding by check: +/ - 14 days. Process to be initiated by the 10th of the month.
Requesting a Transfer, funds are not in an IRA and need to be rolled over from an employer plan. +/ - 21 days Process to be initiated by the 4th of the month.