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Lear Capital Reviews

8.8

bestfor-icon A trusted partner in precious metals investments

mattlevy
Written by Matthew Levy

About Lear Capital | Read More

9

LS Score

10

Credibility

8

Support

8

Accessibility

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Opening Hours Opening Hours drop-down-btn
7 days a week 9:00am to 6:00pm PST
Contact Information Contact Information drop-down-btn
  • CustomerCare@learcapital.com
  • 800-576-9355
  • Lear Capital, Inc 1990 S. Bundy Dr., Ste 650 Los Angeles, CA 90025
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Lear Capital Gold and Silver Review

4.5

Lear Capital offers a comprehensive precious metals investment service tailored to novice and seasoned investors. The company specializes in helping clients diversify their portfolios by acquiring physical gold, silver, platinum, and palladium and setting up a Precious Metals IRA. Lear Capital’s process and extensive market expertise make it an appealing choice.

Lear Capital Gold and Silver Highlight

A+

BBB Rating

$10000

Minimum Investment

Gold Bullion, Silver Bullion, Precious Metals IRA, Platinum, Palladium, Other

Investment Services

Pros & Cons

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  • con-icon Extensive Product Offering: Wide range of precious metals and numismatic coins.
  • con-icon Free Shipping & Storage: Competitive shipping and storage policies, particularly for larger accounts.
  • con-icon Strong Reputation: High customer satisfaction with a 4.9 rating on Trustpilot.
  • con-icon 24-Hour Risk-Free Purchase: Allows for cancellation without penalties within 24 hours.
  • con-icon High Minimum IRA Investment: $10,000 minimum may be prohibitive for some investors.
  • con-icon Annual Maintenance Fees: Although competitive, annual fees add up over time.
  • con-icon No Specified Call-Back Timeframe: Lack of a clear call-back timeframe could be an issue for urgent inquiries.
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How to Apply

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Request free investor kit

Getting started with Lear Capital’s precious metals investment services is straightforward. You can do it online or by phone.

Steps to Apply:

  1. Initial Contact: Visit Lear Capital’s website or call their toll-free number. You’ll be connected with a dedicated account team member who will guide you through the process.
  2. Complete the Application: Your account representative will provide a simple application form, which takes about 10 minutes to complete. You can submit this form via fax, email, or mail. Once received, Lear Capital will process the application and set up your new Precious Metals IRA account within 24 hours.
  3. Fund Your Account: After establishing your IRA, Lear Capital will coordinate with your current IRA custodian to arrange a tax-free rollover of your retirement funds. This process typically takes up to 5 business days, depending on your custodian. Funds are usually transferred via bank wire, and once deposited into your new Precious Metals IRA account, you are ready to invest.

Required Information

• Personal Details: Name, address, date of birth, phone number, and Social Security number.
• Investment Details: Desired precious metals and IRA information.
• Bank Information: This is used to fund the account.

Requirements:

  • Minimum IRA Investment: $10,000
  • Minimum Physical Purchase: Varies by product
  • IRA Setup Fee: Free for accounts over $10,000
  • IRA Maintenance Fee: $280 first year, $200 annually thereafter

State Availability

- Available in all states

mattlevy
Written by Matthew Levy

Matthew is a freelance financial copywriter with 14+ years in financial services. He holds a Bachelor of Science degree in Economics with business and finance options and is a CFA Charterholder. He is from Vancouver, Canada, but writes from all over the world.

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FAQ’s

What types of accounts can be rolled over into a Precious Metals IRA?

You can roll over a variety of retirement accounts into a Precious Metals IRA, including 401(k) plans from previous employers, 403(b) plans typically offered by public schools and non-profit organizations, Thrift Savings Plans for federal employees, and traditional pension plans. This rollover process allows you to diversify your retirement portfolio by including physical assets like gold and silver.

How does Lear Capital ensure the security of my precious metals?

Lear Capital stores all precious metals in the Delaware Depository, a state-of-the-art, IRS-approved facility known for its stringent security measures. This depository is fully insured by London Underwriters, one of the oldest and most reputable insurance providers globally. The coverage protects your metals against risks such as theft, damage, or natural disasters.

What is the 24-Hour Risk-Free Purchase Guarantee?

Lear Capital offers a 24-Hour Risk-Free Purchase Guarantee, which allows customers to review their purchase details within a full 24-hour period. During this time, you can cancel your transaction without incurring any fees or penalties if you change your mind.

Customer Support

Lear Capital provides exceptional customer support and is particularly responsive via phone during working hours. Customers can expect to connect with a knowledgeable and helpful human representative rather than a bot, and there is also an email contact. The company offers a callback option, although the exact callback timeframe is not specified.

Online reviews reflect a strong reputation for resolving customer issues effectively. Lear Capital has an impressive 4.9 rating on Trustpilot and strong reviews on other platforms. This high level of satisfaction underscores the company’s commitment to addressing client concerns promptly and efficiently, ensuring a positive experience for those investing in precious metals.

Privacy & Security

Lear Capital is committed to safeguarding customer privacy and ensuring the security of personal and financial information. The company adheres to strict US privacy laws, including those of states like California and Virginia, collecting only the necessary data such as names, contact details, and browsing history to enhance user experience and meet regulatory requirements. Lear Capital does not sell personal data to third parties or engage in targeted advertising without explicit consent. Customer data is securely stored and managed by authorized processors who are restricted to using the information solely for customer service and internal improvements. For transactions involving precious metals, Lear Capital complies with Anti-Money Laundering (AML) laws, which require collecting specific personal details. The company offers customers control over their data, allowing them to access, correct, or delete information as per their rights under US law.

Regarding asset security, Lear Capital stores precious metals in the Delaware Depository, an IRS-approved facility with comprehensive insurance coverage, ensuring protection against theft, damage, or natural disasters. By prioritizing both data privacy and the security of physical investments, Lear Capital provides a reliable and secure environment for customers to manage their precious metals portfolios, offering peace of mind with every transaction.

In Conclusion

Lear Capital stands out as a reliable and experienced provider in the precious metals market, particularly for those looking to invest in a precious metals IRA. With a solid track record and a strong commitment to customer service, Lear Capital offers a secure and trustworthy option for diversifying investment portfolios. However, potential investors should be mindful of the company’s for-profit nature and be fully informed before making financial decisions.

Brand Disclaimer

Risk Disclosures

Purchase Price:
Sales: The purchase price Customer has been quoted and agreed to pay includes LCI’s profit margin on the transaction. Within the Precious Metals industry, the difference between LCI’s cost on the day of the purchase (for the Precious Metals Customer has agreed to buy) and the retail price quoted to Customer is known as the “Spread.” Spreads vary significantly – by Precious Metal, by customer, and over time. For Customer to make a profit, Customer must be able to sell the Precious Metals in the future for a price high enough to cover Customer’s initial investment, including this Spread. Spreads may be subject to negotiation, and any Spread charged to Customer in a specific transaction may be more or less than the Spread charged to others in similar transactions or charged to Customer in prior or future transactions.

Re-purchases: The law prohibits LCI from guaranteeing to re-purchase the Precious Metals LCI sells, and LCI does not guarantee that it will re-purchase any Precious Metals that Customer purchases. However, as of the date of the transmission of this Transaction Agreement, LCI has never refused the opportunity to re-purchase Precious Metals that a customer purchased from LCI. If you wish to sell your Precious Metals in the future, LCI encourages you to offer them to LCI first. Should LCI make an offer to re-purchase Precious Metals you previously purchased from LCI, it is LCI’s current practice, which is subject to change at its sole discretion, to offer to re-purchase Precious Metals that it commonly sells at the highest current wholesale price (offered by LCI’s suppliers) for such Precious Metals. LCI’s re-purchase offer may be raised or lowered on a daily, even hourly or more basis, depending upon various market conditions, inventory needs, and the price and availability of comparable Precious Metals. LCI does not guarantee that any re-purchase offer will equal the price that LCI would pay to acquire the same denomination/type and grade of Precious Metal from a wholesaler, or that any offer made will be higher or equal to what someone else might offer for the same Precious Metals.

Classification as Bullion, Limited Minted, or Premium: Whether a Precious Metal is classified as Bullion, Limited Minted, or Premium may turn on a number of objective and subjective factors, including the age of the Precious Metal, its condition, the number of known copies, the likelihood of additional minting, the originating country, relevant historical events or owners (e.g., shipwreck; royalty), relevance to the formation of various Precious Metal collections, and an investor’s personal attraction to the piece. LCI’s classification of Precious Metals is only an opinion and may change over time (e.g., if additional quantities of the Precious Metal are discovered). In addition, given the subjective nature of the classification process, other dealers or investors may classify the same coin differently. LCI’s prices and spreads are based on its classification determination.