Midland IRA and AdvantaIRA Trust have some big news! Effective January 1, 2016, AdvantaIRA Trust has merged with and become Midland IRA, Inc. Over the last eight years, both companies have been owned and operated by the same owners: AdvantaIRA Trust in Fort Myers and Midland IRA in Chicago. We have decided to merge the companies to become one and operate under the Midland IRA brand.
Combined, the companies administer over $1 billion in self-directed IRA accounts for over 10,000 clients across the United States. Between our Fort Myers and Chicago offices, we currently have over 40 employees supporting the needs of our growing client base.
What is Changing?
For AdvantaIRA Trust clients, aside from the name change and new website, not much is changing. Midland clients will notice very little change as well. Both companies have been under the same management and have shared common systems, which means you will see little difference in your account servicing. What you will gain is a more robust organization that is better able to handle of all of your needs.
What is Staying the Same?
- Same friendly staff
- Same locations
- Same phone numbers
- Same fee schedule
- Same banking relationships
- Same custodian
- Same account number
- Same online access username/password – Visit midland360.com
- AdvantaIRA Trust assets will NOT need to be re-registered under the Midland IRA name
The ownership and management of both companies is staying the same.
- Dave Owens, President & CEO (Fort Myers)
- Brandon Stith, Executive VP & Chief Operating Officer (Chicago)
- Brandon Hall, Senior Vice President, Operations (Fort Myers)
- Theresa Knower, Senior Vice President, 1031 Exchanges (Fort Myers)
- Amanda Bermudez, Vice President, Client Services (Chicago)
Where are the main offices located?
1520 Royal Palm Sq. Blvd. Suite 320
Fort Myers, FL 33908
Main: (239) 333-1032
135 South LaSalle Street Suite 2150
Chicago, IL 60603
Main: (312) 235-0300
Where can I fax and email general documents?
Fax: (239) 466-5496
Where do I mail my checks for deposits?
Beginning January 1, 2016 all checks for deposits should be made payable and mailed to:
PO BOX 07520
Fort Myers, FL 33919
Are my assets and account number going to change?
- No, your account number and assets will not be changed.
- No, your assets will not need to be re-titled.
Did AdvantaIRA Trust go out of business?
No, AdvantaIRA Trust did not go out of business, the company simply merged with Midland IRA.
Which AdvantaIRA Trust locations are affected during the merge?
Only the Fort Myers, Miami/Fort Lauderdale, New England Region, Gainesville, and the Panhandle locations are merging with Midland IRA.
Will your forms change?
Yes, we are updating our forms. They will be pushlished on midlandira.com in late December.
What can I do at Midland360?
Midland360 has all the same features as Advanta360. Both systems are identical, except for the logo and login page. You can pay bills and fees online, review statements, make contributions, check account activity, and more!