Lear Capital - Review

Lear Capital is a reputable precious metals company founded in 1997 that helps people invest in gold, silver, and other precious metals.

They can help you diversify your portfolio while also offering expert advice on investing your money. If you wish to know more about this reputable company, we created a comprehensible Lear Capital review to help you make an informed decision.


Lear Capital Info & Background

Lear Capital is a well-known precious metal investment company established in 1997. It was founded by its current Chairman, Kevin DeMeritt, a financial analyst.

The company offers a wide selection of precious metal coins and bullion products, as well as precious metal IRA accounts. The company also partners with a top-tier self-directed IRA custodian, STRATA Trust Company.

The precious metals purchased by clients from the company are stored in the Delaware Depository, fully insured by Lloyd’s of London. The Delaware Depository also offers several international vault storage options, including Toronto, Canada, and Zurich, Switzerland.

The company has also gone through the process of becoming a licensed Professional Coin Grading Service (PCGS) Authorized Dealer. They also follow the Numismatic Guaranty Company (NCG) and National Coin and Bullion Association standards.

What’s offered Lear Capital offers a selection of popular gold and silver IRA-eligible coins
Annual fees Depends on the IRA investment amount; ranges between $180 and $225
BBB rating A+
Trustpilot rating ★★★★★ 4.9/5

Lear Capital Product and Service Offerings

Lear Capital offers a wide selection of precious metals that investors can invest in. Lear Capital offers the following products and services:

  • Precious metal IRA
  • Silver coins and bars
  • Gold coins and bars

Precious Metal IRA

Lear Capital offers precious metals IRAs that include IRS-approved gold and silver assets. Precious metals IRAs are retirement accounts where precious metals are held in custody. It’s the same as a regular IRA, but the difference is that it contains precious physical metals rather than paper assets.

Lear Capitals helps investors purchase and store precious metals in their accounts. If you want to invest, all you need to do is contribute cash to your precious metals IRA and inform Lear Capital of the metals you wish to purchase. Since you will enjoy tax benefits from the IRA, you will be restricted from accessing the funds until your retirement.

Once you are ready to withdraw from the account, Lear Capital will handle the sale of the metal and then send the cash to your address. If you are unsure which precious metal to buy, Lear Capital can also present you with up-to-date data to aid in your decision-making.

Silver and Gold Products

Aside from precious metal IRAs, Lear Capital also allows investors to invest in physical gold and silver coins. The company offers physical coins and bars from the American, French, Austrian, South African, and Canadian mints.

Lear Capital has a generous spread of products, including

Gold

  • Ten-ounce bar
  • Australian Kangaroo coin
  • American Eagle coin
  • Canadian Maple Leaf coin
  • Austrian Philharmonic coin
  • One-ounce South African Krugerrand coin

Silver

  • American Eagle coin
  • American Morgan Dollar
  • Ten-ounce bar

Lear Capital Costs

Lear Capital charges an annual fee of $180 for shipping, storage, insurance, quarterly financial statements, and 24/7 online access to accounts. Lear Capital also has a minimum investment amount of $25,000.

If you purchase a minimum amount, the company will reimburse the storage fee in silver, whose value is the same as the storage fee. For investments above $100,000, the annual fee is worth $225. However, that fee is not as high as it seems because every $25,000 additional investment is rewarded with silver in the value of a year’s worth of storage costs.

ProductInvestment Amount Annual Fee
Precious metals IRA$25,000$180
Gold and silver coins and bars$0$0

Lear Capital Pros and Cons

Like any other company, there are a couple of pros and cons to consider when investing in Lear Capital.

Pros

  • No Tax Penalties

Lear Capital doesn't charge for rolling over traditional IRAs into precious metal IRAs

  • Full-service Dealer

The company offers buying, storage, and selling options

  • Customer Education

Lear Capital offers a library of resources regarding precious metal investing

  • Positive Reviews

The company has several positive consumer reviews and is accredited by the BBB

Cons

  • Limited Options

Lear Capital only offers gold and silver products

  • Long IRA Transfer Process and Deliveries

If you plan on rolling over your traditional IRA to a gold IRA, the transfer process takes five to 30 business days, which is longer than the standard time. It's the same way with a 401(k) rollover, which can take more than 30 business days to process. Additionally, deliveries can take up to 14 days

  • Credit Cards Are Not Accepted

One of the downsides with Lear Capital is that they don't allow transactions using credit cards

  • High Fees

If you plan to invest a small amount, you may incur more fees


How to Open an Account

To open an account at Lear Capital, you can begin by completing a request form on their website or calling a representative directly. If you complete the online form, a company rep will reach out to you to complete the account setup process. Usually, the company will create your account in less than 24 hours.

If you already have an existing IRA and wish to move your money to your current account, then Lear Capital will contact your current IRA custodian to organize a rollover. A typical rollover process takes five business days. 

You can choose among the selection of precious metals on the website. Afterward, the company will handle your order fulfillment and send the precious metals to the Delaware Depository.


Lear Capital Metals Review, Ratings, and Complaints

Consumer Protection AgencyRatingsNumber of ReviewsVisit Site
Better Business Bureau (BBB)A+n/aBBB.org
Business Consumer AllianceAAA3Checkbca.org
TrustLink★★★★★ 4.9/5797TrustLink.org
TrustPilot★★★★★ 4.9/5 325TrustPilot.com

Before investing in precious metals, you need to ensure that you are working with a legitimate and trustworthy company.

Many of Lear Capital’s consumer reviews are positive. However, the company does also have some negative reviews that are worth mentioning. For instance, some consumers have complained about the high fees for the products and maintaining the accounts.

Nevertheless, Lear Capital has been in business for several decades and is accredited by the Better Business Bureau.


FAQ

Where Does Lear Capital Store My Precious Metals?

Lear Capital partners with the Delaware Depository to store your precious metals. These metals are also fully insured by Lloyds of London. The insurance policy covering the investments includes theft, flood, fire, and other natural calamities.

Can I See How My Precious Metal Investments Are Performing?

With Lear Capital, you can access your portfolio’s performance through their online account portal. On the online portal, you can check the value of your precious metals based on real-time prices. Lear Capital will also send you quarterly statements.

How Can I Withdraw From My Account?

If you open an IRA account, you cannot withdraw from it until you reach retirement age. Once you reach retirement age, Lear Capital offers you two withdrawal options:

  • Sell your precious metals – Lear Capital will initiate the sale of your metals and send the money to the bank of your choice.
  • Deliver your precious metals – If you choose to keep or sell on your own, Lear Capital will ship the metals to your home. Kindly note that your metals are insured and secured.

Is Lear Capital Legit?

Lear Capital is a good and legitimate choice if you wish to grow your investment portfolio. They offer precious metal IRA, bullions, and numismatic coins. Aside from diversifying your portfolio, Lear Capital can provide you with market insights, investment advice, and resources to help you become a better investor.

Which Coins Are IRA-Eligible?

If you wonder which coins are IRA-eligible, Lear Capital has a complete list on its website. Gold bullion must be 99.5% pure, and silver bullion must be 99.9% pure to qualify as IRA-eligible precious metals.

How Can I Track the Performance of My Lear Capital Portfolio?

Lear Capital allows you to access the online portal to check your portfolio. They also send quarterly statements directly to your address.

Can I Make Contributions to My Lear Capital Account?

Yes, you can make contributions directly to your precious metals IRA account. You can also create a schedule so your contributions are automatically credited.


Contact Information

Websitehttps://www.learcapital.com/
Phone Number(800)576-9355
Emailjeremyjason@learcapital.com
Address1990 S. Bundy Dr. #600
Los Angeles, CA
90025

Final Thoughts

Lear Capital has been in business for over two decades, and it has proven itself as a renowned and trustworthy precious metal investment company. With more than $2 billion in trusted transactions and A+ Ratings from trusted agencies, Lear Capital is an investment company you may consider when diversifying your portfolio.

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