One of our clients is in the process of trying to get approval for an alternative investment that will be owned by his Roth IRA account at Fidelity. The alternative investment will be an LLC that was recently established by several limitied partners with the purpose of purchasing tax liens. Our client will be the only member who will be owning an interest in the LLC through a Roth retirement account.

I don’t think there is an issue in terms of valuing the securities held by the LLC or for that matter any other issues. I have not dealt in this area very much so I wanted to see if anyone had any other information that might be helpful in terms of making sure we are not violating any rules or covering our bases.