New Direction

WikiFX | 2025-07-16 13:46

Abstract：Founded in 2002, New Direction is a U.S.-based company focused on providing self-directed investment accounts and a wide range of financial products, including real estate, private equity, private lending, individual retirement accounts (IRAs)/ limited liability companies (LLCs) for checking accounts, precious metals, and other investment options. The platform supports a variety of account types, including Traditional Individual Retirement Accounts (IRAs), Roth IRAs, Simple IRAs, Health Savings Accounts (HSAs), Individual 401 (k), Inherited IRAs, Simplified Employee Retirement Accounts (SEP IRAs), and Coverdell Education Savings Accounts (ESAs) to meet the financial needs of different customers. However, New Direction is not currently regulated by any regulatory body, which presents certain risks in terms of transparency and user protection.

New DirectionReview Summary
Founded	2002
Registered Country/Region	United States
Regulation	No regulation
Market Instruments	Real Estate, Private Equity, Private Lending, Checkbook IRA/LLC, Precious Metals
Demo Account	/
Leverage	/
Spread	/
Trading Platform	NDTCO client portal
Minimum Deposit	/
Customer Support	Contact form
	Fax: 303.665.5962
	Phone: 303.546.7930
	Social Media: Facebook, Twitter, Instagram, LinkedIn, YouTube
	Address: 1070 W Century Dr. Louisville, CO 80027

New Direction Information

Founded in 2002, New Direction is a U.S.-based company focused on providing self-directed investment accounts and a wide range of financial products, including real estate, private equity, private lending, individual retirement accounts (IRAs)/ limited liability companies (LLCs) for checking accounts, precious metals, and other investment options. The platform supports a variety of account types, including Traditional Individual Retirement Accounts (IRAs), Roth IRAs, Simple IRAs, Health Savings Accounts (HSAs), Individual 401 (k), Inherited IRAs, Simplified Employee Retirement Accounts (SEP IRAs), and Coverdell Education Savings Accounts (ESAs) to meet the financial needs of different customers. However, New Direction is not currently regulated by any regulatory body, which presents certain risks in terms of transparency and user protection.

Pros & Cons

Pros	Cons
A variety of investment choices	No regulation
Clear fee structure
Various account types
Multiple contact channels

Is New Direction Legit?

New Direction was registered in 2002 and is unregulated. Traders are required to do their due diligence and use their funds carefully before trading.

What Can I Trade on New Direction?

New Direction offers a range of self-directed investment options, including Real Estate, Private Equity, Private Lending, Checkbook IRA/LLC, Precious Metals, and Other Investments, allowing investors to diversify their portfolios with tax-advantaged retirement funds.

Tradable Instruments	Supported
Real Estate	✔
Private Equity	✔
Private Lending	✔
Checkbook IRA/LLC	✔
Precious Metals	✔

Account Types

New Direction offers a variety of self-directed account types, including Traditional IRA, Roth IRA, Simple IRA, Health Savings Account (HSA), Solo 401(k), Inherited IRA, SEP IRA, and Coverdell Education Savings Account (ESA), catering to diverse financial needs such as retirement savings, healthcare expenses, and education funding.

Account Type	Description
Traditional IRA	Our benchmark IRA can meet the needs of just about any investor. If you have earned income, you can contribute to a Traditional IRA.
Roth IRA	A Roth IRA affords a unique opportunity to enjoy tax-free distributions while investing in the alternative assets of your choosing.
Simple IRA	A SIMPLE IRA is an employer plan in which the employee can make tax-deferred contributions and the employer can add a percentage match.
Health Savings Account (HSA)	A Health Savings Account (HSA) provides the unique opportunity to enjoy tax-deferred contributions and tax-free distributions, all while saving up for future medical expenses.
Solo 401(k)	A Solo 401(k) is similar to an employer-sponsored 401(k), except the account holder must be self-employed with no other employees and acts as both the employee and employer.
Inherited IRA	Also known as a beneficiary IRA, an Inherited IRA is created for beneficiaries when an individual inherits an IRA or retirement plan.
SEP IRA	A SEP IRA is an employer-sponsored plan with higher contribution limits. They can be useful investment tools for self-employed individuals with few or no other employees.
Coverdell Education Savings Account (ESA)	A Coverdell Education Savings Account (ESA) enables you to make tax-advantaged investments to cover future educational expenses of the beneficiary.

Fees

New Direction charges various fees, including application fees, outgoing movement of funds fees, transfer out and distribution fees, miscellaneous fees, and investment-specific fees.

Below is some detailed fee information:

Category	Item	Fee
Application Fee	Non-refundable Account Application Fee	$30
Outgoing Movement of Funds	ACH	$0
	Check	$20
	Cashier or Official Bank Check	$35
	Wire	$35
	International Wire	$35
	Overnight Mail	$50
	Returned Item, Stop Payment Request, or Void Check	$50
Transfers Out & Distributions	In-Kind Asset Re-Registration	$75
	Transfer Out and Distribution	$150 (plus applicable movement of funds fees)
	Required Minimum Distributions (RMDs)	Only charged applicable movement of funds fees and re-registration fees
Miscellaneous Fees	Solo 401(k) Plan Adoption Rental	$390/year
	Roth Conversion	$95
	Paper Statements	$30
	Depository Storage Fee	Pass-through (no fixed fee)
	eStatements	Free ($0)
	Special Services	$150
	Online Bill Pay	Free ($0)
	Late Fee	$40/month

Investment-Specific Fees	Annual Administration Fees		Processing Fees
Real Estate	Real Estate Assets	$390 per asset	Purchase, Sale, or Exchange	$285
Real Estate	Mortgage on Real Estate	$275 per asset	Debt Leveraged	$345
Private Equity	Private Equity Assets	$390 per asset	Purchase, Sale, or Exchange	$130
Private Lending	Private Lending Assets	$390 per asset	Purchase, Sale, or Exchange	$130
Checkbook IRA	Checkbook IRA Assets	$390 per asset	Purchase, Sale, or Exchange	$130
Other Investments	Other Investments Assets	$390 per asset	Purchase, Sale, or Exchange	$130
Precious Metals	Precious Metals	$220 flat rate	Purchase, Sale, or Exchange	$130
Precious Metals	Online Trading	$185 flat rate	Purchase, Sale, or Exchange	$130
Publicly Traded Securities	Annual Fee	$135 flat rate	Mutual Fund Trade Fee	$50/trade
			Trade Fee (All Other Public Equity)	$50
			Transfer Agent Commission (1-150 shares)	$2.50
			Transfer Agent Commission (151+ shares)	$0.03/share with a $2.50 minimum and $150 maximum