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Companies That Will Act as Custodian for your IRA

DRIP investing seems to be off limits for tax-deferred investing. You can’t invest funds directly and there are only a few DRIPs that will act as custodian

The companies listed above are among the few that will provide custodian services for tax-deferred accounts.

To invest IRA fund directly, you would follow this procedure:

First, ask the bank or financial institution that acts as your custodian to send funds from that account to buy the qualifying share(s) and get the account open. The Temper Enrollment Service will handle the enrollment process. After Temper gets the account open in the name of your IRA, your custodian or your employer can send funds directly to that account.

Company Symbol Shares to Qualify
Altria Group Inc. MO 1
American Electric Power AEP 1
Anworth Mortgage Asset Corporation ANH 1
Aqua America Inc. WTR 5
AT&T Inc. T 1
Buckle Inc. BKE 1
Campbell Soup Co. CPB 1
Exxon Mobil Corp. XOM 1
First Business Financial Services, Inc. FBIZ 1
Ford Motor Company F 1
McDonald's Corp. MCD 10
MidSouth Bancorp, Inc. MSL 1
ONE Gas Inc. OGS 1
Paychex, Inc. PAYX 1
Philip Morris International Inc. PM 1
Southwest Gas Holdings, Inc. SWX 1
Verizon Communications Inc. VZ 1
Wal-Mart Stores Inc. WMT 1

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