Charles Schwab Agrees to Sell Self-Directed IRA Custodian Unit to Alto
Alto, a technology-driven platform linking retirement accounts with private markets, has agreed to acquire Forge Trust from Charles Schwab. Forge Trust serves as a self-directed Individual Retirement Account (IRA) custodian. The deal is expected to close pending customary conditions and regulatory approvals. The financial terms of the transaction were not disclosed in the announcement. This move aligns with Alto's strategy to expand its offerings within retirement investing by integrating private market opportunities into traditional IRA structures, potentially broadening access for investors seeking alternative assets.
Topics: private markets retirement accounts self-directed IRA