Hi there, Anyone with any experience with PENSCO as a trust custodian? I'm considering using them to invest my IRA account in my own fund (structured as a Delaware LP). I've previously used Trust ETC and Millennium, and had issues with both. I'm looking into other options at this point... so any other recommendations would also be appreciated.
Just be careful, sounds like that might be in violation of "arms-length" transactions defined by the IRS. http://www.iracentral.com/irablog/?p=25
No, very typical process. You just have to be clear you do not charge incentive and management fees on your own account.