Broad Financial Review

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Broad Financial isn't like other precious metals IRA companies. For one thing, precious metals are an extremely small part of their offerings. For another thing, their main goal is to create complicated but tax-compliant IRA plans that give you total freedom over your assets.

  • Product Type: Precious Metals
  • Owner: Daniel Gleich (President and CEO)
  • Rating: 3.5/5

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Important Details About This Company:

  • Over 1,000+ 5 star ratings online
  • They protect over $1 BILLION dollars in retirement savings
  • AAA customer rated
  • A+ BBB Rating
  • 5x Inc 500 winner
  • 2021 company of the year

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    Or continue below with this review

    About Broad Financial

    Broad Financial Review

    Broad Financial is one of the top companies offering checkbook IRA services.

    To understand what they offer, it's important to understand the concept of checkbook IRAs.

    With a self-directed IRA, you get to choose the assets that you hold. You create your entire portfolio, and you can include alternative assets that aren't available in traditional IRAs. There's a much higher level of control than with traditional IRAs, which are managed by an investment manager.

    But you're still subject to certain rules. Most importantly, you need a custodian to manage your account. When you want to add assets to your portfolio, you tell your custodian, and they make the purchase using your funds.

    This can be a very frustrating process. There's a lot of red tape regarding the exact assets you can hold in an IRA and how they can be categorized. It's also just annoying to have to go through a middle man each time you want to alter your portfolio setup.

    That's where checkbook IRAs come in. A tax attorney can enter a shell corporation into your retirement account. This corporation comes with a checkbook. When you make purchases with this checkbook, you'll use your retirement funds, and your assets will be stored as corporate assets.

    This is a loophole in the tax code that allows you significantly more freedom and ease. But in order to be compliant with IRS regulations, you want to make sure you have a tax accountant doing it. Different people might also need slightly different setups depending on what assets they intend to hold in their account.

    Broad Financial has a huge number of tax attorneys on staff. The company's goal is to create the perfect checkbook IRA plan for every customer. As such, the services are much more expensive than if you were just doing basic setup paperwork for a standard self-directed IRA.

    Over the years, Broad Financial has expanded to serve clients in every state in the US. They have over 15,000 clients and several hundred positive reviews online. Nearly every customer reports having a good experience using the Broad Financial services.

    How Broad Financial Differs

    Broad Financial Review

    Broad Financial is different from the average company offering self-directed IRAs. Instead of focusing on just one alternative asset, they allow customers to create a totally unique portfolio using any and all available assets.

    This company is a one-stop-shop for every part of the IRA creation process. Some companies focus on walking you through the entire precious metals IRA process.

    Broad Financial has all of that capacity, plus the capacity for checkbook IRAs, plus access to other alternative assets. If you want to add real estate and cryptocurrency to your precious metals IRA, you can find all of these assets through Broad Financial's network.

    They will create the corporate entity and put it into the IRA for you. They will then give you ongoing customer service and support. You'll be given access to a network with thousands of products to choose to invest in.

    Broad Financial even goes one step further and also acts as your custodian during the IRA process. They have a sister company called Madison Trust, which is licensed to maintain self-directed IRAs. By working together with Madison Trust, they monitor and take care of your account for the entire duration of your holdings.

    There is also a team of Financial Onboarding Specialists that will work with you as you get started. Instead of being versed in just one asset, they have experience with a huge range of different assets. They can also give you guidance on how to mix and match different asset types to create a portfolio that reflects your risk tolerance and potential for growth.

    Throughout the process, the experts will help you figure out the right plan. They'll ask you important questions about your assets, financial plans, and desire for growth. Once your account has been created, they can help you with picking investments.

    The client support team offers ongoing guidance during the investing process. You have total freedom to choose whatever assets you want from Broad Financial's vast network, or from your own personal companies of choice. But if you want a helping hand or have questions, the client support team can help. That makes Broad Financial accessible to both experienced investors and financial newbies.

    Broad Financial History

    Broad Financial Review

    When Broad Financial was first founded in 2004, it was a real estate firm that wanted to work with developing real estate along the East Coast. They focused on all kinds of retail including commercial, industrial, and residential. But when the economy and housing market crashed in 2008, the company realized they needed to branch out fast.

    The executives at Broad Financial lost 40% of the value of their retirement accounts overnight when the economy crashed. They had been using traditional assets. Since they no longer trusted the traditional economy, they set to work figuring out how to work self-directed IRAs to their advantage.

    The executives created self-directed IRAs with real estate assets in response to the economic crisis. But whenever they mentioned this to other people, they'd be asked, "How do you do that? Can you do it for me?" They realized there was a massive need for this service, so they turned the company toward this.

    For five years, Broad Financial worked with a partnered custodial company. But when they expanded far enough, they decided their best option was to make a custodial company of their own. This was when they established Madison Trust as an ongoing support system and custodian for their customers.

    Once Madison Trust was in the picture, Broad Financial was truly able to offer customers everything. They could use the company for their IRA setup, choosing assets, and having custodial maintenance done. It was the best way to establish lifelong relationships with clients.

    Is Broad Financial a Scam?

    Broad Financial Review

    Broad Financial is not a scam. In fact, this company is extremely popular. We found over 800 customer reviews online, the vast majority of which were positive. People say that they're happy with the services offered, the ease of use, and the convenience of their checkbook control IRAs.

    One thing to keep in mind, though, is that you don't necessarily need checkbook control for a precious metals IRA. All you need to do is purchase items with the right purity, store them in an accredited facility, and have a licensed custodian take care of your account.

    Checkbook control IRAs are a good idea if you're planning to put more complicated assets in a self-directed IRA, though. For example, if you intend to combine precious metals with cryptocurrency and real estate, then you might want the extra wiggle room.

    Broad Financial's main focus is on creating the right self-directed IRA plan for you. Every person will have a unique plan depending on their unique assets and legal needs. However, they also have access to a network of thousands of products. Whether you're looking for precious metals, cryptocurrency, real estate, or other assets, they can help you find exactly what you want.

    Pros & Cons of Broad Financial


    • Checkbook IRA services put together by actual tax attorneys.
    • Hundreds of positive customer reviews online.
    • More than 15,000 customers across the entire US.
    • Huge network with access to thousands of alternative and traditional assets to choose from.


    • Customized checkbook IRA plans are fairly expensive.
    • May put you in a legal gray area if you don't pay attention to the rules.
    • More complicated than necessary if you just want a basic precious metals IRA.

    Final Thoughts

    Broad Financial is a company that specializes in connecting clients to specialized self-directed IRA plans. By using clever tax paperwork, you can enter a corporation into your IRA. This corporation will then have a checkbook, which you can use to make purchases. Everything you purchase will be held in the IRA as part of your corporation's assets.

    This type of IRA works best for people who have complicated asset portfolios. It also works for those who want to store certain non-eligible assets in an IRA. Just keep in mind that using a checkbook IRA to "get around" IRS regulations is a legal gray area that could potentially get you in trouble.

    If you're interested in a self-directed IRA with total freedom, you'll appreciate Broad Financial's offer. With this setup, you don't need to go through your custodian for every purchase. You can do whatever you want with your retirement assets and not need to worry too much about back-and-forth.

    But this type of IRA is fairly pricey due to the complexities of the tax paperwork. You're basically employing a tax lawyer to set up your IRA for you, making sure that it's compliant with IRS regulations. If you only want a self-directed IRA for precious metals, there are many companies that have much lower setup fees.

    For this reason, if you are looking into a precious metals IRA alone, we recommend working with a specialist precious metals IRA company. But if you want a mix of alternative assets and extra freedom, there's nothing stopping you from working with Broad Financial.

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