Is an administrator a custodian?

| 0

A custodian may only be a bank, federal credit union or an entity approved to act as a custodian.

Administrators cannot act as a custodian if they are not one of the abov, and therefore must use a third-party custodian for the custody of the alternative assets held in the IRA.

A self-directed IRA administrator should disclose who is acting as a custodian for the assets of the self-directed IRA.