Up to $15,000 in bonus metals
Pros
- Quick and easy account opening
- Easy online purchase
- Flat and transparent fee structure
Cons
- Comparatively higher fee for small amount investment
- Need a representative to help you open an account
- Fewer options for investing in other previous metals
Lear Capital is an investment company that specializes in retirement investments with precious metals. They offer customers new IRA and rollover IRA accounts and even give customers the opportunity to purchase precious metals directly from their site. Lear Capital was founded in 1997 and is based in Los Angeles, California.
Why choose Lear Capital?
Lear Capital has a robust history of 23 years of providing services related to precious metals investment. The company has completed more than $3 billion worth of transactions. They offer a range of investment choices such as self-storage and IRS-approved 401k accounts. Customers can choose to invest in silver or gold coins or bullion with Lear Capital. Coin specialists and collectors may also be able to chance upon historic and rare coins from their online store. Lear Capital has received high ratings from the Better Business Bureau and TrustPilot.
To set up a gold IRA account, customers can roll over their 401k account or create an entirely new account. This process is over the phone but purchasing additional gold or silver metals can be done online once the account is all set up.
New investors can also find helpful resources if they want to learn more about precious metals investment before paying for anything. Lear Capital’s Smart Tools Suite contains tools that can calculate how much is needed to fund a retirement account. Another tool in the suite is the Required Minimum Distribution calculator which will provide the amount a retiree needs to take out of their account to comply with IRS rules. There are historic and real-time spot pricing available for gold and silver products as well.
Account owners can customize their email notifications for price alerts to ensure that they do not miss the best opportunities for buying or selling. Customers can choose the metals they want to monitor and how often they will receive the pricing alerts. If price tracking is not high on the priority list, subscribing to Lear Capital’s monthly newsletter is a practical option. they will send updates on pricing and other news related to precious metals.
Lear Capital does require a minimum of $7,500 deposit which is relatively smaller than the minimum requirements of many precious metal companies. This threshold gives beginners or more careful investors an option if they want to dip their feet in the water before making a larger purchase. The initial service fee of $160 is also at a competitive rate.
Two things about Lear Capital’s business conduct stood out to us. First is that they are one of the only investment companies that have a transaction agreement available online for download. We also note that they have promised not to sell customers’ data as stated in their privacy policy. Customers who are interested in precious metals should visit Lear Capital’s website regularly for different incentives available or sign up for email notifications whenever they launch a new offer.
