Equity Trust Company History
Richard Desich Sr. began what would become Equity Trust Company by starting a federally regulated securities brokerage firm in 1974 called Mid Ohio Securities. However, Mr. Desich realized early in his career that investing in real estate and other alternative investments in an IRA could be a valuable retirement savings tool.
In 1983, Mr. Desich arranged an investment that allowed his brokerage clients to use their IRA funds to invest in real estate directly. As a pioneer in the use of real estate IRAs, he became a prominent authority on the subject and word began to spread of the custodial services.
Realizing that a bank could offer more services to its clients, in 2001 a bank/trust charter was applied for and subsequently granted establishing The Equity Trust Company.
Today, Equity Trust Company is the nation's leading provider of self directed IRAs and 401ks with clients in all 50 states and over $25 Billion dollars of retirement plan assets under administration (as of 12/31/17).
In addition to traditional retirement investments such as stocks and mutual funds, clients at Equity Trust can diversify their retirement plans into assets such as real estate, private placements, notes, deeds of trust, tax liens, foreign currency and much more.