How to invest in alternative assets via your IRA

Carry IRAs allow you to invest in alternative assets through tax-advantaged retirement plans. This is for clients who already have an investment opportunity you want to participate in. Some examples of investments are: private companies, real estate, or shares of a sports team.

The flow can take several weeks end to end to get your account set up and the investment reviewed so please plan ahead and submit the investment early. We cannot guarantee it will be processed before any sensitive deadlines.

*Alternative investing is only available on the Carry Pro subscription tier.

If you’re on the Carry subscription Core tier, you can upgrade your plan at any time by clicking your initials on the top right > Settings > Billing > and clicking on the 'Manage' Plan button next to Subscription.

> Select your IRA account

> Click on Investments tab

> Select 'Alternatives', it it's not there click 'Add Investment' and select Alternatives and complete the flow

> Click 'Add Investment' on the bottom center of the screen

> Confirm the details on the screen and click Continue

> Input the investment amount, investment type, investment name and investment description

> Answer the additional questions about the investment and click Continue

> On this next screen you will be given wire details for future investment proceeds or dividends. Keep a record of this information for your reference and click Continue

> Upload supporting documentation for the investment (this is required) and hit Continue

> Select Funding method of either wire or check and input the details and hit Continue

> You will see a confirmation screen of how much cash from your account ie being allocated to fund the investment (If you don't have cash in your account yet you can exit out and the investment will be saved as a draft. You can then deposit funds to your account and come back to invest once the cash is available.)

> Click Continue

> Confirm your investment details and click Continue

> Confirmation screen will appear, click Finish

Investments in companies, property, or other assets that you or a family member control, live in, or otherwise benefit from can be “self-dealing” and are prohibited. Do your due diligence. Investing in alts can be highly risky. Be sure to diligence the deal and the sponsor/originator.

The above is not exhaustive. You can find more information from the IRS See full list here, as well as IRS publication 590A and IRC 4975. Consult with an attorney if you’re not sure if your investment is prohibited.

Step 1
Navigate to your Account

Step 2
Click on Alternatives

Step 3
Click Invest

Step 4
On the screen where it asks you to 'Tell us more about your investment', you'll want to answer the following questions:

1) Is this a follow-on investment
2) Is this related to an existing asset
3) Select which asset this capital call is related to

Step 5
Complete the rest of the investment flow

To retrieve the wire details click the 3 dots on the right side of the submitted investment on the 'Alternatives' section of the Investments tab from the account page you invested from.