A Self-Directed Individual Retirement Account (SDIRA or Self-Directed IRA) is a type of account used to manage retirement savings, whereby you as the account holder partake in your own personal investment decisions. They are administered by a Custodian - usually a financial institution that offers such services - or a nominated Trustee. However, the Self-Directed IRA, as the name suggests, is managed by yourself as the account holder.
Similarly, a Solo 401(k) is a type of company-sponsored retirement plan that is administered by the Plan Sponsor or Employer. Solo 401(k) plans are self-administered and adopted through agreement by those who are self-employed, or individual business owners.
To open a Self-Directed IRA or Solo 401(k) Account, as sole owner, trustee, or sponsor of the account, you will need to submit an application through our website. As you go through the registration process, you will be requested to either upload or take a photo of the following documents:
1) A photo ID - this can be:
A photo of your passport information page
A driving license
A national identity or passport card
A residency permit
2) A proof of address document - this can be:
A current driving license
A service/utility bill dated in the last 90 days
A current lease agreement
A bank statement dated in the last 90 days
An income statement or government-issued tax document
3) A selfie photo of you holding a handwritten note on paper, addressing 'Caleb & Brown', with your signature and the date of registration included
4) A notarised or certified as an original copy of the account documents. The documents required will depend on the type of account:
Self-Directed IRA: a notarised or certified as an original copy of the Self-Directed IRA Application Form, Contribution Form, or Agreement filed with the IRA Custodian or Trustee
Solo 401(k): a notarised or certified as an original copy of the Solo 401(k) Adoption Agreement or Plan Documents filed with the Plan Sponsor or Administrator
Checkbook IRA (LLC): the account will be onboarded as a Company Account as per the outlined document requirements for an LLC; Self-Directed IRA documents as described above will also be required (Note: only the LLC documents of the Checkbook IRA LLC require notarisation)
All documents must identify all account owners, trustees, beneficiaries, and plan sponsors or administrators, to ensure we collect information on all beneficial owners that own or control the retirement account.
If you are unsure what notarisation or certification of documents involves, click the link here to see the Help Article on Notarising or Certifying Your Documents.
Whenever you're ready, you can click below to get started with your registration.
If you have any questions, you can ask our Customer Support through the Chat button in the bottom right corner of the page, or your broker directly via phone or email. You can also call our support help desk on +61 1800 849 149 (Australia/International) or +1 (844) 494 6515 (North America), from 7am to 5pm (AEST), or by submitting an enquiry on our website.