CHARLOTTE, N.C./ APRIL 15, 2019 (STL.News)
Why do investors need to do proper due diligence before working with Self-Directed IRA advisors? According to a recent post at American IRA, a Self-Directed IRA firm based in Asheville, North Carolina, a recent episode in which someone did not perform their due diligence proved to be highly problematic.
The article at American IRA highlights the case of Perry Santillo, the founder/CEO of a Baltimore-based wealth management company as well as the popular host of a radio broadcast called “The Money Guys.” According to the American IRA article, Santillo was found to have solicited at least 99 investors, trying to convince them to buy annuities and other assets with their existing retirement accounts and rolling the proceeds into a Self-Directed IRA.
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