Masterworks
Masterworks is the first company to democratize the art market. Investors are able to fractionally invest into SPVs with the world’s most famous and sought-after artists. Masterworks works with blue-chip paintings, making art investing possible for investors of all sizes.
Invest with Masterworks via Rocket Dollar
Instructions:
For those that may be ready to complete their investment through a tax-advantaged Self-Directed Rocket Dollar IRA account or Solo 401(k), follow the instructions below.
Creating Your Account:
If you already have a Rocket Dollar account, you can use your IRA or Solo 401(k) account to start investing on Masterwork's site. If not, establishing a new Rocket Dollar retirement account is easy. Simply sign up online in under 10 minutes, and we'll get your account set up.
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Sign up on Masterworks.com and schedule a time to go through the platform and your suitability with a Masterworks representative. After scheduling a call, immediately move to step 2.
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Sign up for a Rocket Dollar Account at app.rocketdollar.com/signup. At this time, Masterworks can support any IRA w/LLC, a Solo 401(k), and Direct Custody account.
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Fund your Rocket Dollar account through a 401(k) rollover or contribution
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Add your Rocket Dollar retirement account "Entity" by clicking your profile name in the top right> "Entities" > Add a new entity. If you are having trouble filling out fields, visit the FAQs below.
- Invest among offerings, and fund your bank account linked to our partner bank. If you do not deliver funds as the offering closes, be aware you could miss out on the investment.
Support:
Masterwork: support@masterworks.com
Rocket Dollar: info@rocketdollar.com
Masterworks FAQs
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How do I add an IRA LLC Entity to Masterworks?
- Login after you have been approved.
- Click in the top right to access your profile
- Click on "Entities" in the left side
- ADD AN ENTITY
- Entity type: Single Member LLC
- Tax Classification - Individual
- Entity Name: JSMITH RD LLC, (your name FLAST RD LLC) or your custom LLC name you chose at onboarding
- SSN: Your EIN number from your EIN letter, is in the documents section. Login>profile>documents>download EIN Letter
- State of Formation: Colorado
- Date of Formation: Articles of Organization are in the documents section. Login>profile>documents>download articles of organization
- Your title in the Entity: MANAGER
- Business Address: The address that you used at Rocket Dollar signup, usually your home address.
- Certificate of Formation & Operating Agreement
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How do I add my Solo 401(k) Trust as an entity?
- Login to Masterworks after you have been approved.
- Click in the top right to access your profile
- Click on "Entities" in the left side
- ADD AN ENTITY
- Entity type: Trust
- Trust Classification - Grantor
- Trust Type - Revocable
- TIN Type: EIN
- Trust EIN: Ein Letter in your Rocket Dollar documents section
- Justisdiction of Registration: Your home state
- Establisment Date: Look for your Retirement Trust Agreement in your RD documents and scroll to the bottom. Login>profile>documents>download Retirement Trust Agreement
- Trust Address: Your address used at Rocket Dollar signup
- Trust Legal Name: Look at your Basic Plan document, and you should see you legal name of your Solo 401(k) at the top of page2. Login>profile>documents>download Basic Plan Document
- Trustee Tax ID: Look up the EIN letter in your Rocket Dollar Documents Section
- Trustees Can Act Indepently: YES CHECK
- Trust Agreement Document: Upload your Retirement Trust Agreement Login>profile>documents>download
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Do I need to be an accredited investor?
You do not have to be an accredited investor to invest in Masterworks' single-asset SPVs if you are not investing more than 10% or greater of your annual income or net worth.
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What is the minimum investment?
The minimum amount will vary depending on the specific investment offering that is available.
Benefits & Pricing
Transparent pricing on a subscription basis.
Checkbook IRA
Take complete control with our most popular account
$600 one-time setup fee
- IRA Trust checking account (LLC available)
- Unlimited fee-free transactions
- No Custodian sign-off on transactions
- Bring Your Own Deal (BYOD)
- No AUM fees
- Best For Ultimate Control of Investments:
- Rental Properties
- Fix-n-Flip
- Tax Liens
- Crypto (hold your keys)
- Foreign Investments
- Private Note Investing
- Precious Metals
- Limited Partnerships
- Private Placements
- Private Stock Purchases
- Domestic Investments Only
Solo 401(k)
One participant, unlimited investment options
$600 one-time signup fee
- IRA Trust checking account (LLC available)
- BYOD (Bring Your Own Deal)
- Unlimited fee-free transactions
- No Custodian sign-off on transactions
- Bring Your Own Deal (BYOD)
- No AUM fees
- Ideal for folks with self-employment income:
- High contribution limits
- 401(k) loan option
- Self-custody account
- Roth and Traditional in one account
- Domestic Investments Only
- Best for Real Estate Investments:
- Rental Properties
- Fix-N-Flips