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Before embarking on a journey into the precious metals industry, it's crucial to do your research.
The right precious metals dealer can help you make more informed decisions to protect and grow your assets. But the wrong precious metals dealer can lead to a host of problems.
Rosland Capital and Lear Capital are two popular precious metal dealers and IRA specialists that provide a variety of products and gold IRAs to their customers.
Before we get started, investing your savings is a serious task. When it comes to adding precious metals to your portfolio, how do you know which companies to trust?
That is why we have researched every company in the industry and selected the very few with the highest customer service standards.
This way you can easily compare the best companies in the business, and choose one that fits your needs and investment goals.
Read the list to see if Rosland Capital & Lear Capital passed our strict customer service standards to become one of our top recommendations.
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Rosland Capital deems itself the buyer's source of gold, silver, platinum, and palladium resource. Rosland Capital is a proud supplier of many exclusive specialty coins minted in gold and silver.
Rosland has built a strong partnership with Formula 1, the PGA Tour, and the British Museum to bring customers a range of beautifully crafted and 100% exclusively licensed coins for collection.
Rosland was founded by its CEO Marin Aleksove in California in 2008. Today, the company serves customers in the United States from its headquarters in Los Angeles. They also serve customers from international locations through their separate, independent Rosland-branded companies located in London, Paris, and Munich.
Lear Capital is committed to its customers' long-term financial security. The company has deemed itself America's Precious metals leader since 1977 and has since strived to earn its customer's business and maintain superior service.
Lear Capital states that it can help investors diversify their portfolio by purchasing bullion, acquiring premium rare coins, or adding physical gold and silver to their existing IRA account.
When working with Lear Capital, you'll have access to a personal account representative, a secure ordering environment, and a real-time investment relationship that keeps you up to date on spot prices, precious metals news, and economic events that can affect your retirement and future.
Rosland Capital Products
Rosland Capital has an excellent range of precious metals to meet your needs. Whether you're looking to purchase gold, silver, platinum, or palladium, Rosland Capital has something in its stock.
The company features products like the Billie Jean King Cup 2022 1.5 oz Gold Coin, Arnold Palmer 2.5 oz Silver Proof 2022, British Museum Roman Gladiator's Helmet Gold 1-kilo proof, and more.
You'll also find several IRA-eligible products like the American Buffalo Gold coin, American Eagle Gold proof, American Eagle Silver proof, and American Eagle Gold coin. Other products you'll find on Rosland's website are premium coins, bullion coins, exclusive coins, and exclusive specialty coins.
Lear Capital Products
Lear Capital has an extensive number of gold, silver, and platinum products on its website. Whether you're a collector or investor, Lear Capital will easily have something that meets your needs.
Some featured gold products include the $10 Liberty Gold coin (circulated), $20 Gold Liberty, French 20 Franc, and Canadian Maple Leaf gold coins.
Silver products include the American Eagle Silver coin, Proof Silver American Eagle, Morgan Silver Dollar, Silver Peace Dollar, and Silver Rounds.
You'll also find platinum products like the Platinum Bar 1 oz, Platinum Canadian Maple Leaf, and Platinum American Eagle.
Rosland Capital and Lear Capital both offer gold IRA services for investors who want to physically hold gold and silver in a self-directed IRA account. Let's take a closer look at the value of each gold IRA:
Rosland Capital Gold IRA
A gold-backed IRA is a great way to protect your hard-earned financial assets and Rosland Capital makes it easy to get started.
Step 1: Talk to a Representative
A Rosland Capital representative will explain to you how precious metals IRAs work. This will help you decide whether a gold IRA is right for you.
Step 2: Paperwork
If you decide to move forward, the representative will send you the required forms and the Rosland Capital customer agreement.
Step 3: Account Creation
Once the paperwork has been submitted, your representative will create an account for you at Rosland Capital. You will also have an account created with Equity. If you wish, your representative will discuss options for your IRA, such as what coins qualify for your new account.
Step 4: Purchasing Metals
Once Equity receives funds from you or from a transfer of an existing IRA, your Roseland Capital representative will get in touch with you to discuss your metal purchases for your IRA account.
If you decide to make a purchase your representative will coordinate with Equity for the precious metals to be moved to the Delaware depository where your precious metals are kept in separate, highly-secure storage.
Step 5: Fees
You'll need to pay the appropriate fees for administration and storage.
Step 6: RMD
At age 73, you must take your distributions. You can take distributions in physical precious metals so long as the provided IRA contains precious metals of the appropriate value. But you could also choose to liquidate and receive cash for the value of your metals.
If you would like to discuss your options, you can always call Rosland Capital by dialing 1-888-656-0947.
Lear Capital: Gold IRA
Lear offers a Lear Advantage IRA that enables you to invest in quality precious metals like gold, silver, and platinum metals. In addition to opening an account with them, you'll receive a free IRA setup and storage, a free gold and silver guide with free silver coins, a price match guarantee, a 24-hour risk-free purchase guarantee, a free evaluation of metals, and more.
Lear Capital does provide many details on its process. But they do encourage customers to open a new IRA account by completing the form on the company's website. Lear Capital will ask you to include some basic information about yourself to open your account. Submit the form and they'll guide you on the next steps.
IRA fees are a common concern for investors. IRA fees vary from company to company and it's important to have a basic understanding of fees before signing up for any accounts. Let's take a look at the gold IRA fees for Rosland Capital and Lear Capital:
According to Rosland Capital, they do not charge IRA customers any fees for helping you establish a precious metal IRA. But you will need to pay fees to Equity Institutional.
Setup Fee: a one-time $50 setup fee
Maintenance Fee: a $100 Annual Maintenance fee
Storage Fee: $100 or $150 per year (depending on the type of storage you choose)
Paper Statement Fee: If you wish to receive a paper copy of your statements, it will be $40. However, digital copies of statements are free.
When setting up a self-directed IRA, you'll be charged a flat annual fee. For first-year customers, the annual fee is $280. This fee includes storage fees and an insurance policy to protect your precious metals. Customers will also get online account access and receive quarterly financial statements.
After the first year, the annual cost is $200. One thing to keep in mind is that your account fee may be tax deductible, which helps to offset the annual cost.
Lear Capital may also cover some of your yearly fees, depending on the amount of money you invest with them.
Investing more than
$10,000: a $50 setup fee is covered.
$25,000 to $50,000: The first year is free. But you'll need to pay the fee first and then you'll receive a reimbursement check.
$50,000 to $75,000: Your first and second-year fees are covered by Lear Capital.
$75,000: Your fees for the first three years are covered.
Overall, Rosland Capital and Lear Capital offer pretty standard fees. But Lear Capital seems to offer more benefits for investors. If you plan to invest a large number of assets, you may find Lear Capital to be more favorable.
Rosland Capital and Lear Capital are two well-known precious metals companies delivering quality products and services to their customers. But now it's time to see how these two companies stack up against one another through their online reputation:
Rosland Capital is an A+ BBB accredited business with a 4.71/5 rating by customers. The company received 34 complaints closed in the last 3 years and 14 complaints that were closed in the last 12 months. Here is what some people have said about Rosland Capital:
A customer from March 2023 stated that the representative was highly interested in their well-being and investment interests rather than making a commission sale. The customer further stated that Rosland was a trustworthy company that made them beyond happy with their experience.
Another customer noted that their representative was highly attentive to their questions and made the information simple. The customer ultimately said that they felt prepared with their investment choices and secure in the wealth they were building for retirement.
A customer that had been working with Rosland Capital for the past several months was very satisfied with their experience. They noted that their account representative took the time to explain the process in a very clear and concise manner. The customer further stated that their representative made them feel comfortable with making their selections and they would recommend the company to anyone.
Many customers have raved about their experience with Rosland Capital, but there are a few complaints that investors should make themselves aware of.
One customer bought precious metals from Rosland Capital back in 2015. At that time, the customer said they asked Rosland how to sell before they made their purchase. According to the customer, Rosland Capital said just to contact them.
Fast forwarding to 2022, the customer claims that Rosland will not talk to them about buying back their particular coins. The customer states they have called them by phone and email but couldn't get an adequate response.
Another customer said that they decided to do a rollover of an IRA into Rosland Capital because of what the spot price for silver and gold were at the time. But according to the customer, they were charged over $100 an ounce. The customer said that they have tried to reach out and speak with their compliance department but never received a callback.
It's worth noting that there have been several other customers complaining about inaccurate prices for precious metals. More specifically, several customers believe they overpaid for metals.
Lear Capital is not an accredited business with the Better Business Bureau. The company has received a rating of 2.65/5 with an average of 17 reviews. It's important to note that on 03/03/2022, Lear Capital filed for reorganization under Chapter 11 of the federal Bankruptcy Act (case# 22-10165). With this filing, the business is allowed to operate but with court supervision while they develop a reorganization plan.
Let's take a look at some of the reviews on Lear Capital:
Unfortunately, most reviews for Lear Capital were negative. One customer did give the company 3 stars after having a bad experience that was eventually resolved.
The customer said that their representative did not provide them with the proper guidance in deciding on the retirement portfolio. The customer felt left to decide on their own and that Lear Capital was only concerned with their bottom line.
The customer did eventually get a new representative who was professional and said that they wanted to help the customer grow their account. This felt promising for the customer and left them feeling content.
Lear Capital has received a lot more complaints than they received reviews. One customer who filed a complaint at the beginning of 2023 stated that Lear Capital was a fraudulent company. On 08/6/2020, the customer agreed to buy metals from Lear Capital. Lear Capital told them that they would receive coins that were equal to the amount of money they spent.
The customer says they even received a confirmation letter with the details of the sale. The customer said that Lear Capital quoted there would be a 2% commission on the order. However, this ended up resulting in a 40% commission. According to the customer, Lear Capital inflated the cost of the metals to increase commissions.
Another customer said they intended to purchase other coins but Lear Capital convinced them to purchase a different set of coins. The customer sent money but decided to call back to change/terminate their purchase but was assured the deal was solid. The customer also asked about a 15% bonus advertisement that the rep said wasn't valid for his transaction.
According to the customer, it took 90 days to receive their invoice and there was no description of the coins. In the end, the customer ended up paying more for their coins and did not receive a deal at all.
Rosland Capital vs Lear Capital: Conclusion
Although Rosland Capital boasts a diverse array of precious metal offerings, encompassing numismatic and semi-numismatic coins among others, the distinct advantage of Lear Capital becomes evident when it comes to catering to investors' needs.
Lear Capital stands out through its unwavering commitment to IRA-approved investments, a comprehensive approach to customer education, and an exceptional online user interface, making Lear Capital superior choice for investors looking to safeguard their portfolios with precision.
Lear Capital prioritizes portfolio diversity by providing personalized IRA services, free IRA setup and storage, and a 24-hour risk-free purchase.
If you're interested in working with either one of these companies, be sure to talk with a representative for more information.
Remember to read out list of the Top Gold Companies to see if Rosland Capital or Lear Capital made the cut.
Or, if you like what you read about Rosland Capital or Lear Capital , you can visit their website below.