You can view our full fee schedule here.

Annual fees are due at the time you establish your account and then annually thereafter on the anniversary of your account establishment.

Transactional fees are due at the time of the transaction.

Your annual fee can be paid in four ways:

1. Pay on the portal:  Login to your client portal, click your name in the upper right-hand corner and select ‘My Profile’.  Then select Manage Payment Methods to add a credit card to your account and pay any invoices or enroll in autopay.
2. Pay online: Visit our Make a Payment page. You will need to enter the account holder’s account number and zip code.
3. Pay by check: Mail check and the bottom portion of your invoice to: Provident Trust Group, LLC P.O. Box 847479 Los Angeles, CA 90084-7479.
4. Pay from cash in account: You can call in to request that the invoice be paid from the cash in your account or mail your invoice with the box marked to pay. from the cash in your account. Funds will sweep from your account automatically one day after the due date on the invoice if the invoice has not been paid.

Provident Trust Group assesses a fee to custody and administer the account for the account holder. We do not receive a fee on your investment or your investment’s performance. Administration duties include the accounting for your investment, required Internal Revenue Service (IRS) and state filings, facilitation of your investment, distribution requests, access to our online portal, and compliance. Provident Trust Group charges a flat-rate annual fee to maintain your account, rather than a fee that increases based on the number of assets or the value of the assets held in your account.

Provident Trust Group offers a flat-rate annual fee. This differs from many other alternative asset custodians who may increase your annual fee based on an increase in the number of assets you select, the value of your assets, or even the purchase of a different asset class. Most custodians of traditional assets collect fees and/or commissions based from the amount of trades or recommendations of investment choices.

View our fee schedule for an itemized list of fees. 

Tax forms filed with the IRS and annual statements dating back to 2014 can be accessed via our online portal. After logging in, navigate to Accounts > Statements & Documents. Starting in May of 2017 with the Form 5498, forms were uploaded annually as soon as they were mailed.

If you need a copy of an annual statement or tax form filed with the IRS prior to 2014, please contact our VIP Services team.

All forms needed by Provident Trust Group to act on your account are located on our Forms page.  If you need assistance selecting a form or completing it, please contact our VIP Services team.

The supporting documents needed to purchase an investment vary based on the investment being purchased.

Documents needed for each investment type can be found on Section 3 of our Direction of Investment form or on the relevant asset page in the Investment Options section of our website.

Investments made from accounts at Provident Trust Group must be titled:

Provident Trust Group, LLC FBO YOUR NAME ACCOUNT TYPE

(Example:  Provident Trust Group, LLC, FBO John Smith Roth IRA).

As custodian, Provident Trust Group owns the assets in each account for the benefit of (FBO) your individual account.  This means that Provident Trust Group executes all investment documents and all documents related to the sale of the asset. This titling also ensures that the IRS recognizes that you are not personally benefiting from the assets held in your account before retirement. This allows you to recognize any potential tax benefits for which you might be eligible.

A transfer is a direct movement of assets, generally between two individual retirement accounts (IRAs) of the same type (i.e., traditional IRA to traditional IRA, Roth IRA to Roth IRA, etc.) from one financial institution to another in which the account owner does not take constructive receipt of the assets.

A transfer is a direct, nonreportable movement of assets, generally between two IRAs of the same type. A rollover is a reportable movement of assets between IRAs, between IRAs and eligible retirement plans, or between eligible retirement plans. Please note that as of 2015, the IRS has issued limitations on the number of IRA-to-IRA rollovers. Only one IRA-to-IRA rollover can be done per 12-month period. Please see IRA One Rollover Per Year Rule for additional information regarding this change.

A direct rollover is a direct movement of assets from an eligible retirement plan to an IRA or another eligible retirement plan, or from an IRA to an eligible retirement plan, in which the individual does not take constructive receipt of the assets. An indirect rollover is a distribution of IRA or eligible retirement plan assets to an individual (individual takes receipt of the assets) that within 60 days is rolled over to the same type of IRA or to another eligible retirement plan.

The amount sent to the new financial institution must be the same amount distributed from the old financial institution. This means that if funds were withheld for taxes, the amount withheld must be made up for by the client.

Funds must be sent to the new financial institution within 60 days of constructive receipt of the funds from the old financial institution.

Please visit our Manage my Account page for detailed instructions.

Addresses and check formatting can be found here.

When using retirement funds to make an investment it is important for the account owner to understand the IRS rules and regulations to avoid engaging in a prohibited transaction with a disqualified person. A prohibited transaction is any improper use of the retirement account by the account owner, beneficiary, or any disqualified person.

You can read more about what would constitute a prohibited transaction for a specific asset investment on each one of our Investment Options pages.

Generally, a “disqualified person” includes, but is not limited to:

• Yourself
• Your lineal ascendants and descendants
• The spouse of a lineal descendant
• Your spouse
• Any entity that is owned 50% or more by disqualified persons
• An entity that is controlled 50% or more by disqualified persons

A prohibited transaction could lead to a complete distribution of the account as of January 1 of the year the transaction occurred with taxes and penalties incurred.

No. Your qualified account may not invest in an entity owned by a disqualified person as that could result in a prohibited transaction.

Yes, your IRA can invest with other partners and yourself individually. However, it is important to consult legal counsel in these situations to observe formalities and rules that may be associated with that investment.

If your qualified account at Provident Trust Group holds private stock that is going public, you need to find a custodian that can hold publicly traded stock and transfer the stock to an account there.