Guidant Financial Reports Significant Growth in Rollovers as Business Start-Ups
Company Divests Self-Directed IRA Business to Focus on Core Offering
BELLEVUE, Wash. - Sept. 24, 2013 // PRNewswire // - Guidant Financial today announced explosive growth in its Rollover as Business Start-Ups (ROBS) offering, with a 50 percent increase in entrepreneurs choosing ROBS 401K reporting services in the last three years and 25 percent more entrepreneurs being funded annually utilizing Guidant's 401K rollover product.
Guidant also announced that Provident Trust Group has acquired its self-directed IRA administration business, which helps individuals buy real estate, tax liens and other alternatives inside an IRA. The sale of its IRA business will allow Guidant to focus on its core business of helping aspiring entrepreneurs secure the funding necessary to turn their business dreams into reality.
As the premier provider of ROBS, Guidant Financial has helped over 8,500 entrepreneurs in all 50 states to invest more than $3 billion in retirement funds to start small businesses, resulting in more than 60,000 jobs thus far.
"Self-directed IRAs were one of our first offerings and have been a huge success over the past 10 years, helping many of our clients achieve the level of control needed to make the types of alternative retirement investments they desired," said David Nilssen, CEO of Guidant Financial. "As we examined the evolving needs of our customers and company mission of increasing the number of entrepreneurs who succeed in small business, it became apparent that putting a greater focus on our small business and franchise financing services is the right direction for ongoing company growth."
"The acquisition of Guidant's self-directed IRA administration business expands on Provident's self-directed IRA footprint and presents exciting opportunities to further execute on Provident's long-term growth strategy," said Theresa Fette, CEO of Provident Trust Group. "With the expanded capabilities Provident has acquired from Guidant, we aim to lead the industry in self-directed IRA options."
Guidant's flagship service, ROBS, has become increasingly popular over the past several years as more entrepreneurs have become aware of the opportunity to leverage existing retirement investments to fund their small business or franchise purchase without taking a taxable distribution.
Guidant will continue to offer a full suite of traditional funding options as well, including Small Business Administration (SBA) loans, unsecured credit, equipment leasing and portfolio loans to meet the unique and varied needs of its customers.
About Guidant Financial
Guidant Financial helps individuals create the life they want through innovative alternative investing. They are the premier provider of Rollovers as Business Start-Ups (ROBS). Guidant's services allow people from all walks of life the freedom to fund a new business or franchise using their existing retirement funds without taking a taxable distribution or getting a loan, in addition to offering traditional business funding options such as SBA loans and unsecured credit. For more information on small business financing, visit Guidant online at guidantfinancial.com.
SOURCE Guidant Financial