Reputation
With an experience of more than twenty years in
this domain, LearCapital can represent your best option when it comes to
investing in precious metals and diversifying your portfolio. This means that
potential future clients should not worry about being scammed or having any
other issues. In fact, LearCapital has an A+ rating from the Better Business
Bureau and a 4.9 out of 5 rating from Google. On TrustPilot, its rating is
excellent with 4.9 out of five possible stars out of 870 reviews. This is a
company with an overall highly-positive online reputation and there are no
reasons to believe otherwise. So far, there have been no complaints or any
similar problems about them.
Flexibility
Apart from being a highly informative website
when it comes to precious metals investments, LearCapital offers the
possibility to either roll over your already-existing IRA account or part of it
or fund a completely new one. It’s worth noting that there is no other way of
opening an account apart from talking to a representative on the phone. You
cannot do that online, for example.
When it comes to Individual Retirement
Accounts, it’s important to note that they are special accounts that offer the
owner tax benefits. This means that access to the IRAs will be restricted for
the owners until retirement age. When it comes to LearCapital, the company
allows customers to manage their self-directed IRAs easily and helps them every
step of the way. The company will help you purchase, transport, and store the
metals safely. When you want to make a withdrawal, LearCapital will either
transfer you the cash or send you the precious metals.
In case you do not want to open a precious
metals IRA, the company offers other services too. For example, you can simply
make an investment and buy precious metals from them. The main focus of
LearCapital is gold and silver but you can purchase some other metals too, like
platinum. The bars and coins that you can buy are usually minted in the United
States, The United Kingdom, Austria, Canada, and South Africa.
The good news is that you can order precious
metals straight from the official website of the company. They can be either
shipped directly to you or a storage facility of your choice. If you want to
know the price for any type of metal, you will have to contact the company as
the website does not display that information.
Fees, Promotional Offers, and Transparency
If you wish to open an account at LearCapital,
you will have to pay a $180 fee per year. However, take into account that the
fee for the first year is $260. It may seem like a lot but this fee includes
the insurance, shipping, access to quarterly financial statements, and non-stop
online access to the account. Its depository is located in Delaware. The
minimum required investment at this company is $7,500. It’s also worth noting
that, in case you wish to buy gold, there might be some extra fees like a
storage one and a commission. At the time of writing, there is no application
fee at LearCapital.
The company also has a free mobile app that
clients can use to follow real-time precious metals prices. The app also comes
with some special promotions which can only be accessed by those who have
downloaded it for free from any app store.
Customer Service and Educational Resources
An interesting offer that LearCapital has is
its Free Investor Kit that you can download from the official website. The
three separate versions of it include a precious metals guide, a guide on
retirement accounts, and newsletters. You only have to enter your details on the
website and you will receive the kit of your choice.
The website also has a plethora of other
interesting education resources. Some of those include precious metals news and
real-time price charts, all sorts of useful downloads for investors, as well as
a smart tools suite. These tools include encyclopedias, calculators,
estimators, analyzers, and a chart center.
In case you want to contact LearCapital, you
can do so by calling at 1-800-885-LEAR(5327) or by sending them an e-mail at
customercare@learcapital.com. There is no schedule displayed on the website for
its customer care system so you will simply have to try and see whether or not
someone provides an answer to your mail or phone call.
