Alto IRA Reviews & Complaints: Customer Ratings
Alto IRA, a self-directed IRA custodian based in Nashville, Tennessee, enables individuals to diversify their portfolios with alternative investments. This company specializes in offering investment opportunities in assets beyond the public markets, such as private equity, venture capital, real estate, and cryptocurrencies. Regarding the pros and cons, Alto IRA does not provide investment advice, requiring users to conduct their due diligence. Some investments also necessitate accredited investor status. Alto IRA holds a 4/5 rating on Focus on the User.
Jump To:
Featured Reviews
Top Review
Featured
"Good follow up communication by Alto Team from my online submission request. Transfer of assets from IRA Cash Balance to Coinbase Balance completed less than 24hrs..."
Read ReviewsTop Complaint
Featured
"Had a multi-year real estate deal that I wanted to do and signed up with Alto for their premium plan for my IRA. Yearly fees was $250. Four months into the deal, I get an email..."
Read ComplaintsWhat is Alto IRA?
Alto IRA, founded in 2015 and initially known as Saltvest, operates as an alternative asset investment platform. It provides a novel approach to IRA investments by allowing users to invest in a variety of alternative assets, including precious metals private equity, venture capital, real estate, and cryptocurrencies. This diversification enables investors to explore opportunities beyond traditional public market investments. In 2018, under the leadership of CEO Eric Satz, Alto raised significant capital to enhance its offerings, highlighting its commitment to expanding investment options for its users.
The platform stands out with its two distinct investment platforms: Alto IRA and CryptoIRA. Alto IRA offers the flexibility to invest in over 75 different alternative assets, including unconventional choices like artwork and farmland, through its network of investment partners. The CryptoIRA platform, in partnership with Coinbase, allows for the purchase of over 150 cryptocurrencies, adding a modern dimension to IRA investments. This broad range of investment options caters to both accredited and non-accredited investors, with varying minimum investment thresholds and per-investment fees.
Alto IRA Reputation
Top Alto IRA Reviews
FeaturedGood follow up communication by Alto Team from my online submission request. Transfer of assets from IRA Cash Balance to Coinbase Balance completed less than 24hrs."
Featured"Very easy transfer from a Vanguard 401k into Alto, and very easy to make a cash distribution."
Featured"Easy to set up account. Helpful assistance with questions. On the downside, complex to set up investment in an LP and somewhat difficult process for transfer of funds to my account from the LP but has seemed to work out so far."
Featured"Easy to set up account. Helpful assistance with questions. On the downside, complex to set up investment in an LP and somewhat difficult process for transfer of funds to my account from the LP but has seemed to work out so far."
Worst Alto IRA Complaints
Featured"Had a multi-year real estate deal that I wanted to do and signed up with Alto for their premium plan for my IRA. Yearly fees was $250. Four months into the deal, I get an email stating now their fees are $400 a year. What a bunch of crooks."
Featured"Same situation as Justin. A management change at Alto has instituted a much different fee schedule from the one I have had for a period of years, which caused me to use Alto. Now, it includes $400 per year in fees PLUS fees for miscellaneous things like transfers and any account closing."
Featured"Customer service is sad and on-line access is even worse. I can't log-in on Saturday and customer service line is not answering. Good idea but poorly executed. I'm moving as soon as I can get somebody to answer the phone!"
Featured"I opened an account with alto and made a cash contribution, days after I had urgent need of some of the funds for investment opportunity and quickly requested a cash distribution, I can tell you up until this moment 03/02 my request still says pending initiation while, (4 business days after requesting). I have seen reviews about this company online and it breaks my heart to admit what people said is true, they will roll lots of tapes around getting your money, STAY AWAY FROM THESE PEOPLE"
Is Alto IRA a Scam?
Alto IRA is not a scam. It is a legitimate self-directed IRA custodian offering a diverse range of alternative investment opportunities. The company's comprehensive investment options, coupled with a positive rating on Focus on the User, affirm its authenticity and commitment to providing valuable investment services.
Alto IRA Pros and Cons
Pros
- Diverse Investment Options: Investors can choose from more than 150 cryptocurrencies and over 75 alternative assets, including real estate, venture capital, and fine art.
- Flexible IRA Choices: Alto offers traditional, Roth, and SEP IRAs, accommodating different investment preferences and strategies.
Cons
- No Investment Advice: Alto, as a custodian, does not provide investment guidance, necessitating users to perform their research.
- Accredited Investor Requirement: Certain investments require users to be accredited investors, limiting access for some individuals.
Alto IRA Services and Products
Alto IRA's service portfolio revolves around providing self-directed IRAs that enable investments in a wide range of alternative assets. The company offers two main platforms: Alto IRA for a broad spectrum of alternative investments and CryptoIRA for those interested in cryptocurrency investments. Alto's service offerings include traditional, Roth, and SEP IRAs, each catering to different investment needs. Their platform allows for investments in assets like venture capital, real estate, crypto, precious metals, and even livestock.
- Alto IRA: A platform for a wide array of alternative investments, including precious metals, private equity, venture capital, and real estate.
- CryptoIRA: Focused on cryptocurrency investments, in partnership with Coinbase, offering a selection of over 150 cryptocurrencies.
- Traditional, Roth, & SEP IRAs: Different types of IRAs to suit individual tax planning and investment goals.
Alto IRA FAQ
Is Alto IRA a reputable company?
Yes, Alto IRA is considered reputable, with a wide variety of investment options and a strong focus on alternative assets.
How long has Alto IRA been in business?
Alto IRA was founded in 2015.
Who is the owner of Alto IRA?
Eric Satz is the founder and CEO of Alto IRA.
How does Alto IRA work?
Alto IRA provides self-directed IRAs that allow investors to diversify their portfolios with alternative assets, including cryptocurrencies, real estate, and more.
Before Investing With Alto IRA
Before investing with Alto IRA, it is advisable to consult . This guide can provide valuable insights and information to help make informed decisions in precious metals investments.
Contact Alto IRA
- Phone: 877-673-1557
- Address: 500 11th Ave N Suite 790 Nashville, TN 37203
- Founded: 2015
- Alternate Name: AltoIRA.com
- Category: Self-Directed IRA Company
Alto IRA Compared to Top Gold IRA Companies
While Alto IRA provides Gold IRAs as one of their many services, below are listed the leading Gold IRA companies specializing in Gold IRAs:
Noble Gold Investments 4.9/5 Rating
Patriot Gold Group 4.9/5 Rating
Orion Metal Exchange 4.9/5 Rating
Advantage Gold 4.8/5 Rating
Goldco 4.8/5 Rating
American Hartford Gold 4.8/5 Rating
American Bullion 4.8/5 Rating
Birch Gold Group 4.5/5 RatingThese Gold IRA companies are ranked and compared here on Focus on the User so you can review the top Gold IRAs.
Other Companies Offering Gold IRAs as a Service
How Focus on the User Rated Alto IRA
Our Gold IRA team at Focus on the User rated Texas Bullion Exchange based on reviews from online sources, which resulted in an average rating of 4/5. It's important to review and compare other companies that also specialize in Gold IRAs.
Wait! Don't Invest In a Gold IRA Just Yet..
Our free eBook helps you plan your Precious Metals IRA, and avoid penalties and hidden fees.