Broad Financial offer services that are geared towards helping you actively manage your IRA funds and investments.
An Overview of Broad Financial
In 2004 Broad Financial was established as a private investment real estate firm. Then in 2009 they transitioned into IRA investments. All of this was spurred by the 2008 crash of the real estate market. Nevertheless, you'll see that they're relatively new and inexperienced in these arenas. Their main offering is a self-directed IRA, which is a platform that gives you control over a lot of your investments.
The IRA Platform
The company's platform is known as The Ultimate Self Directed IRA and Solo 401(K). With this platform users are able to diversify their portfolios by personally investing in things like precious metals, private businesses, random assets and real estate. The way in which this works is that you simply write out a check for the investment and hope for a return to follow. Even though this may seem like a great process, there are numerous flaws with it. One of the main drawbacks is that a lot of these types of investments come with a high risk without any guarantee of success. In fact, oftentimes they don't succeed. Furthermore, it's important to actually analyze the firm that's offering the investment strategy.
A Broad Financial Review by Consumers
Before you invest with a company you really need to take a look at their history. Two of the best resources for this include:
1. The Rip-Off Report currently has 6 detailed complaints levelled against this firm. Most Broad Financial reviews complain that this group is a scam that doesn't offer honest information or returns on investments.
2. The Better Business Bureau (BBB) has 2 complaints against Broad Financial revolving around issues about advertising or sales and billing or collections.
Overall, the Broad Fiancial reviews aren't all that favorable. There are a lot of customers who are unsatisfied with the services that this institution offers and the institution hasn't even been in business for that long. During this time they've been known to offer risky investments and ultimately there are numerous issues lodged against them with both The Rip-Off Report and Better Business Bureau. So, instead, peruse the other top recommended companies on this site.