Private Equity Investment Through Fidelity Solo 401k Brokerage Account1 Reply
Top ForumsSolo 401k Brokerage AccountMay 11, 2022 at 5:28 am
I have my solo 401K brokerage account at Fidelity Investments but wanted to ask if I need to establish another kind of account to make a private equity investment through the solo 401k accounts? Said another way, I have a checkbook for my solo 401k. If I liquidated mutual funds in the account and wrote a check to a private equity investment, does that work as a mechanism?Jeremy B.
Top ForumsSolo 401k, Solo 401k ContributionsMay 11, 2022 at 5:35 am
In short, yes. A solo 401k offered from My Solo 401k Financial allows for investing in private equity. See the following sample procedure. https://www.mysolo401k.net/solo-401k/private-company-investment/
Also, the Fidelity Investments brokerage account that for a self-directed solo 401k (a solo 401k not offered by Fidelity) can be used to place alternative investments such as real estate and private equity, which can be funded by writing a check or by wire. See the following procedure and form for placing the private equity investment by wire. https://www.mysolo401k.net/solo-401k/fidelity-investments-wire-form-directive-for-solo-401k-alternative-investment-such-as-real-estate-promissory-note-and-private-investment/
Lastly, yes, you would need to liquidate equity investments to have available funds for placing the private equity investment through the existing Fidelity brokerage account for the self-directed solo 401k (aka checkbook control solo 401k).
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