Broad Financial Reviews

Broad Financial Review | Everything You Need To Know About This Company

Having a retirement account is an investment decision that everyone needs to make for themselves. With so many different options to choose from, choosing the right account to invest your funds in can be very difficult, especially with so many scams hidden among legitimate companies.

It is important to properly research any company that you wish to entrust with the management of your retirement funds. The following Broad Financial review will look at all the important aspects of this financial services provider and answer all your questions about its legitimacy.

By the time you finish reading, you will have all the knowledge you need about how the company operates, the services it offers, and how you can open self-directed IRA accounts. Read on to find out more!

Who Exactly Is Broad Financial?

In New York, Broad Financial is one of the many well-known investment companies for retirees who wish to open a self-directed retirement account. It has a solid reputation for offering one of the most flexible and powerful Solo 401(k) accounts.

If you wish to diversify your retirement investment portfolio to private loans, real estate, Bitcoin IRA, or even company stocks, Broad Financial is your go-to team.

Tax-Free Benefits
Protect Your Retirement Today!

Safeguard your retirement wealth with tax-free benefits! If you want to protect your retirement savings from economic turmoil, then request a complimentary kit today. Find out about the #1 recommended precious metals investment company today.

One of the things Broad Financial is well known for is offering financial services at a much more affordable cost than other Wall Street investment companies that are notorious for their high transaction fees.

When investing through a Broad Financial account, the whole process becomes much easier and fun, without the need to put up with tons of paperwork. The company simplifies your investments by utilizing specialized features, such as

  • Substitute asset expertise
  • Value-added partnerships
  • High-end client support

Company Background

The company has a short but impressive history that began in 2004 when Broad Financial decided to venture into the alternative asset classes management industry.

Broad Financial was initially founded as a private real estate company that focused on the development of retail, industrial, and residential real estate holdings throughout the entire East Coast.

Broad Financial Company Background

In 2009, the Global Financial Crisis and Great Recession saw clients lose over 40% of their 401(k) and IRAs, forcing the company to make a drastic change in their focus.

Broad Financial decided to shift from traditional IRA asset classes towards self-directed IRAs, which offer investors a lot more control over how the retirement investment is handled. This shift in focus resulted in the birth of what Broad Financial calls the Ultimate self-directed IRA and Solo 401(k) programs.

The company developed an app that focuses on dexterity, asset choices, and speed, when it comes to handling a self-directed IRA, which Broad Financial calls the Checkbook control.

With the power of the Checkbook control, the clients of Broad Financial can diversify their retirement investments into a wide range of asset classes, such as private businesses, and cryptocurrencies like bitcoin, gold, real estate, and many other assets.

With a structure such as this, the popularity of opening a self-directed IRA account with Broad Financial quickly grew. This great company offers streamlined services for self-directed IRA investors, making it a self-directed IRA industry leader.

Management Team

The management team of Broad Financial consists of three partners, namely:

  • Daniel Gleich
  • Mervyn Klein
  • Brian Finkelstein

This Broad Financial review will focus more on how this private business runs its global finance operations, rather than on the many individual achievements of this management partnership.

Free Guide
Get A Free Gold IRA Kit

Get a complimentary gold IRA account guide and learn what precious metals can do for your retirement savings.

Can I Trust Broad Financial To Secure My Investment?

There are lots of benefits to be had by investors who choose to look beyond the ordinary ways of investing that are offered by most Wall Street companies, such as keeping funds in a simplified employee pension fund.

However, leaving the relative financial security offered by Traditional IRAs means that investors will have to face a greater amount of risk. Finding a reliable investment company, such as Broad Financial is of paramount importance.

Over the years, Broad Financial reviews on platforms such as the Business Consumer Alliance and the Better Business Bureau have helped the company develop a solid reputation of being a reliable and trustworthy investment company for anyone who wants to diversify their self-directed IRA.

Even though there have been a lot of positive reviews about Broad Financial, complaints are also among the feedback from customers. The main thing, though, is that Broad Financial has always tried to address all the concerns raised by retirement investors.

With its forward way of thinking when it comes to managing self-directed asset classes, Broad Financial is a worthy institute that can be trusted to help secure the financial futures of all its customers.

Services That Broad Financial Offers

The retirement investment needs of the modern generation have been greatly affected by advancements in technology, the worsening economic climate, and the impact of the COVID-19 pandemic.

In the face of such unprecedented situations, there is a need for a company with the experience and expertise to handle a self-directed IRA LLC that will enable investors to invest in anything that the IRS allows, such as a Bitcoin IRA.

With this in mind, Broad Financial specializes in offering its clients the following services:

Account Portfolio Diversification

Spreading funds across a wide range of accounts not only has many potential benefits, such as having more sources of income, but it also provides the investor with a lot of protection in case some of their asset classes take a hit in the worldwide financial markets.

If inflation affects fiat currencies, for example, investors can rely on Broad Financial’s Bitcoin IRA to protect their funds and vice versa.

gold bars investment - broad financial review

Rollover of Funds

Funding a self-directed IRA plan requires either making a direct transfer to the new IRA account or doing a rollover from existing 401(k) or traditional IRAs. However, of the two, a rollover has the benefit of not having any taxes as well as not charging transaction fees.

The rollover process is a bit complicated, though. This means the services of an experienced IRA custodian, such as Broad Financial are very essential in making sure the process runs smoothly.

Checkbook Control

The Checkbook control account is a unique approach to diversifying retirement investments offered by Broad Financial. It allows an investor to avoid having to deal with a lot of paperwork or paying transaction fees.

Opening a Checkbook control account makes the whole process of diversifying retirement investments a lot simpler thanks to the efficient operational structuring of Broad Financial.

IRA Account Types Broad Financial Offers

Choosing the right IRA account to invest in depends on the investor’s risk tolerance, tax, size of the portfolio, the number of years remaining until retirement, and the overall goals of the retirement investment account.

This Broad Financial review will look at the following common account types that investors can choose from:

Self-directed IRA

A self-directed IRA offers Broad Financial investors a huge amount of control over their own retirement portfolio. As a gold IRA leader, Broad Financial even allows you to open a precious metals-based self-directed IRA as a way to protect your funds from the effects of inflation.

Of all the recommended Broad Financial accounts, a self-directed IRA is the most popular due to various benefits, such as:

  • Diversity of investment options
  • Tax advantages
  • Account Control

Roth IRA and Traditional IRA

If you are looking for something with less risk, then Traditional and Roth IRAs are the best approach. Funding the account is easy when using the rollover process and you also get a lot of tax benefits.

Checkbook IRA

The Checkbook IRA is the flagship of all the different account options offered by Broad Financial. You can fund this IRA by making direct payments from your checking account, debit card, or wire transfer. From your Checkbook account, you can decide how you will be diversifying your retirement portfolio, such as investing in a Broad Financial Bitcoin IRA.

Solo 401(k)

As much as diversifying an account is good for retirement investors, the bulk of the money should ideally remain secured in a 401(k) account where it can benefit from capital gains and be protected from taxes.

Most experienced investors recommend only diversifying not more than 10% of your entire retirement portfolio towards self-directed IRAs.

Bitcoin IRAs

Bitcoin IRAs

With the world turning more and more towards digital markets, having a small portion of your portfolio invested in a self-directed Bitcoin IRA is a good idea. There are many signs that the cryptocurrency market will eventually become more stable after it implements some changes in the industry.

This means investors who are opening Bitcoin IRA accounts now stand a good chance to benefit by the time they retire. Broad Financial also has low Bitcoin IRA fees that make it easy for any investor, even those with relatively small portfolios.

Real Estate IRAs

Real estate is one of the most secure investments you can get into. With Broad Financial, diverting funds from your bank account to alternative investments, such as real estate is an easy and quick process.

How To Invest in an IRA With Broad Financial

Whichever ultimate IRA account you choose to invest in, for example, Bitcoin IRAs, the process is made easy by taking the following steps:

  • Fill out a one-page online application
  • Wait for an official email from Broad Financial
  • After your application has been approved, you can pay the account startup fees
  • Get in touch with the Madison Trust Company, a sister company of Broad Financial that will act as your IRA custodian
  • Sign all the relevant documents that you will receive from Broad Financial and the Madison Trust Company
  • Wait for your funds to be transferred into the new account.

Broad Financial Fees

All IRA providers charge a variety of account fees from their clients and Broad Financial does the same. However, one area where it differs from other companies is that charges quarterly fees, unlike annual payments as is the industry norm.

These are some of the fees that Broad Financial requires:

  • Set up – $1,295
  • Annual maintenance – $320
  • Quarterly fees are $75

Support Team at Broad Financial

The level of customer support offered at Broad Financial is top-notch. This is one of the reasons why the company is so highly rated among investors. All account-related queries are free, whether using a phone or online.

There is a toll-free number that customers can use at any time and ensure that they get in touch with someone to help them. As part of its awesome customer service, the company offers a platform for clients to share their opinions of the way the company runs its business.

Pros and Cons of Investing With Broad Financial

The following are some of the important advantages and disadvantages that investors can expect from Broad Financial:


  • Broad Financial has a wide range of self-directed IRAs to choose from, such as the Bitcoin IRA
  • There are no minimum investments
  • Easy-to-navigate, user-friendly platform
  • Allows investors to open IRAs based on alternative assets, such as real estate, gold, bitcoin, private business, tax liens, and much more
  • The Checking Control and absence of any middleman allow the company to charge low account management fees


  • The Broad Financial Bitcoin IRA is limited to one type of cryptocurrency only, which is Bitcoin
  • Bitcoin IRA charges still required a lot more transparency

What Makes Broad Financial Different?

The quality and efficiency of the services provided by Broad Financial are what sets this company apart from similar IRA providers. It has built a strong reputation over the years for providing top-tier services to all its clients.

Its partnership with the Madison Trust Company also gives Broad Financial a lot of credibility among experienced investors.

Did they make our “best of” list?  Here’s our short list of gold investment companies.

Is Broad Financial a Scam?

A quick look at the Better Business Bureau and the Business Consumer Alliance will show that Broad Financial is definitely not a scam. In fact, it is a very well know company with transparency in all its IRA dealings with clients.

Final Verdict

If you are thinking of investing in alternative asset classes, such as tax liens and Bitcoin IRAs, you will need a company that not only has experience handlings these types of accounts but also uses the latest technology, such as Helix Financial Systems, to allow you keep up with the ever-changing economic landscape. Broad Financial does all that and more!

#1 Overall Gold IRA Company (2023)
#2 Top-Ranked Gold IRA Company
#3 Top-Ranked Gold IRA Company
#1 Overall Gold IRA Company (2023)
#2 Top-Ranked Gold IRA Company
#3 Top-Ranked Gold IRA Company

Similar Posts