Mainstar Trust, formerly known as First Trust Company of Onaga, is a large self-directed IRA custodian based in Onaga, KS – with more than $7 billion in assets under custody. According to their website Mainstar was founded in 1978. Below you will find more information about Mainstar Trust. If you have personal experience working with Mainstar, please make sure to share with the community in the comments section at the bottom of the page (if your comment is negative, please keep it civil and constructive).
Mainstar Trust Licensing:
Custodial type: trust company
State where licensed: Kansas
Mainstair Clients:
Clients: 80,000+
Assets under custody: $7 Billion+
Client Protections
Better Business Bureau (BBB) Accreditation: Company is not accredited by the BBB
BBB file opened: 08/04/2003
To view the complaints brought against Mainstar, view the company’s BBB profile.
Mainstar’s Leadership & Staff:
President: Jean Meyer
Staff size: 34 (source – 2009 article)
Mainstar Location:
Onaga, KS 66521
Fee Schedule for Mainstar Trust Self-Directed IRAs
The fee schedule for Mainstar self-directed IRAs can be found here.
Other Products Offered By Mainstar:
SEP
IDA
Mainstar’s Contact Information
Phone: 800-521-9897
Fax: 785-889-7169
email: customerservice@mainstartrust.com
Hours: Monday – Friday 8:00 AM to 4:30 PM CST
Website: mainstartrust.com
We do our best to ensure that all the information provided above is accurate, however, if you find something is in error, or if you have new information on Mainstar Trust which warrants addition to this page, please email us at info@nuwireinvestor.com.
Jan Bloomfield says:
When clicking on fee schedule above I receive “page not found”
admin says:
Thanks Jan – we’ve updated the link.
Stacey says:
The link is not working. It still says “page not found”…..as does the website.
admin says:
I think you might have an old version of the page cached on your computer. Regardless, here is the direct link for the fee schedule: https://www.mainstartrust.com/upload/files/2015/12/fee-disclosurepdf1450733800.pdf
Heidi says:
I called First Trust Co. of Onaga, they said they do not handle accounts for raw real estate (houses). Just an fyi.
paul goll says:
I live in Idaho, Have $340k in cash in IRA and want to set up check book control self directed IRA and buy apartment building.
I need to see your fees, the upfront and importantly the ongoing fees.
Time is critical, I am in the process of selecting my provider.
Paul
admin says:
You can see the fee schedule by clicking on that section above.
Richard Filion says:
On 3-15-2012, I rolled over an IRA in the amount of $50,000. to the First Trust Company of Onaga. I recently received an invoice for account fee, special asset fee and activity fee for a total of $155.12. I believe these fees to be excessive for what little Onaga does for my account. I have asked my broker to transfer my account to another bank who has lower fees.