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Lear Capital Review

Wednesday, May 29th 2024

When you want to set up an IRA, especially a gold IRA, you want to make sure that you are working with a company that you can trust. There are a lot of companies out there to pick from. In this evaluation blog post we are going to tell you about one of your many choices, Lear Capital, the metals leader in the industry. With their claim that they help everyone from experienced to novice investors to set up a diverse retirement plan, they might just be the company that you want to turn to regardless of your starting capital available. By the end of this review you will have an idea of whether that is true or not.

Lear Capital: An Experienced Business

Lear Capital has been in business since 1997 has helped myriads of clients diversifying portfolios into both gold and silver. Unlike some other precious metal IRA companies, Lear Capital not only helps you to set up an IRA backed by metals but they sell precious metals such as gold, silver, palladium and platinum. This allows you to get everything you need to set up your account all in one place. Lear Capital is as a gold dealer Numismatic Guaranty Company member which means they take coin grading seriously (they are also certified by the PCGS).

The company claims that their staff of precious metals assets member managers are expert at helping everyone through the process of setting up an account. From the most advanced investors to people who have never even heard the term precious metals IRA in their life.

IRAs Offered to Customers

With a bit of research you will find that there are three different types of IRAs to invest in for your retirement. Traditional IRAs, Roth IRAs, and Rollover IRAs. Each of these three different types of IRA have a different purpose.

Most people fund their IRAs with stocks that they buy with paper money (aka the money from their paychecks). Despite that being the most common funding method, you aren’t limited to having stocks in an IRA. They can also be funded by precious metals such as silver, gold, palladium and platinum. Precious metals are a great way to diversify your retirement as they perform really well when the rest of the economy is not.

The process of setting up these accounts is not the same as a traditional IRA. Lear’s job is to help guide you through the process of setting up a precious metal IRA from the beginning to the end.

Lear Capital helps you decide what metal is right, guides you through the IRA set up process, the purchases process, and arranges the transfer of your precious metals to a custodian and all transactions.

Investments & Products

Lear Capital provides various products and services related to gold, silver, platinum, and palladium. As these offerings may change with time, always refer to Lear Capital’s official website or contact them directly for the most updated information. Here is a list of some typical precious metal offerings provided by Lear Capital:

Gold Products
Coins: Capital offers various varieties of bullion and numismatic gold coins, including popular selections like the American Gold Eagle, Canadian Maple Leaf coins and other capital gold choices.
Gold Bars: Lear Capital also offers choice with various-sized gold bars ranging from one gram to one kilogram in purity of 99.999 pure.

Silver Products and Coins

Lear Capital also provides various silver coins such as American Silver Eagle and Canadian Maple Leaf coins to keep investors up-to-date with market fluctuations and investment options.
Silver Bars: As with Gold and Silver bars, these also come in different sizes and purities.

Lear Capital may offer platinum and palladium coins and bars as offerings, although retail investors usually shy away from investing in those metals and keep their purchase power directed towards gold, which is the only precious metal that was tied to a reserve currency.

Precious Metals IRAs

Lear Capital offers services to enable investors to acquire precious metals as IRA assets. This may include gold, silver, platinum and palladium products meeting certain purity and fineness standards.

Collectible Coins

Lear Capital can also offer collectible coins investments with special value that extend beyond metal content and quality alone – they may have rarity, condition and historical importance as well.

Storage Solutions

Lear Capital’s storage solutions and service enable investors to safely secure their precious metal investments within vaults or a depository, helping customers protect them for maximum returns on their investments.

How to set up a Gold IRA account with Lear Capital


Step 1: Lear Capital form

The first step to setting up an account with Lear Capital is simple. They have a form on their website to gather your information, you fill that out and they will contact you. By using the form, the company has time to prepare information just for you. Alternatively, you can call Lear Capital and start the process that way. The form tends to be easier though as the form allows them to get all of your information and personalize the contact.

Step 2: Decide on the metal and amount

The second step is to determine what you are going to use to set up your account. There are several options for the precious metals, with gold being the most common of them. You also have to decide how much of the metal you want to invest in. Each metal comes with its own benefits and Lear Capital’s professionals will help you to decide which option is right for you. Gold is the most common investment metal but the other options may be more appropriate for you.

Step 3: Open your account via Lear Capital

The last step is to work with Lear Capital to purchase the precious metals and open the account. They will work with you to finalize the transaction and transfer your precious metals to the appropriate storage facility.
Precious metal IRAs of all kinds require your metals to be stored in an approved facility. This protects your investment through security and insurance.

Investor Toolkit at Lear Capital

Since Lear Capital opened its doors, the company has been working to make informed investors. To do this they have built up a toolkit for you to learn about retirement savings, precious metal IRAs, and others. The best tool that you have at hand is the personal account representative that works with you to establish your account and keep you informed on ways to grow your wealth.

Another great tool they have is market insights, data, info and breaking news, all through the Lear Capital website. You won’t have to go searching for all of the information that you need to set up your account. Along with that is coin search tool to help you find what you are looking for. Lastly, you can get price notifications through Lear Capital to know when it is the right time to sell or buy and let your capital work for you despite the volatility of the markets.

Lear Capital’s Website

Lear Capital’s website is their business face. That means the website is key. Lear’s website is exactly what you would expect if you were looking to go to an investing site. Their website is easy to navigate, read through, and contains myriads of helpful information.

Alongside resources on IRAs Lear also offers a Smart Tools Suite that gives you access to many of the tools that Lear Capital has set up to help their customers with their searches.

The Main Features:

Other Helpful Website Resources:

Lear Capital Advertising

If you still watch television with commercials you may have noticed Lear Capital’s commercials. Lear pushes their precious metal IRAs to the public in over 200 commercials every 30 days. Some label their commercials as aggressive.

The commercials you might have seen represent precious metals as a sure thing, an investment that will get you great return, which is a concern. Precious metals can do that, but they are just like all other investments when debt levels are on the rise, often the tipping point to market turbulence or uncertainty around this asset class. There are points in time where gold and other precious metals do not perform well, they can be volatile just like any other investment.

Costs with Lear Capital

Buying with Lear Capital can be done via check, money order, credit cards, cashier’s checks, in addition to bank wire transfers. If you go to the store in person you can also pay with cash to complete the transactions. The exact cost of precious metals varies greatly on the metal but also on the current value, checking the Lear Capital website will show you their current prices for each precious metal item they trade. IRA set-up fees are also listed on the website, although they vary depending on each IRA setup. Finally, Lear Capital claims to offer a price match and purchase guarantee on their “Lear advantage IRA”.

Shipping is charged on all orders below $10,000 and is completed within 17 business days, if not sooner. Orders over $10,000 ship for free. There is also a $160 yearly fee for precious metal storage and the insurance charges that comes with it. The rest of the fees depend on the account that you set up and what you have stored in it, which will impact the total cost.

Lear Capital Ratings on Consumer Review Sites

Lear Capital’s rating can be found on several customer review sites around the internet. On the Better Business Bureau they have 38 complaints that have been closed, showing that Lear is willing to work with clients who may not be happy following their recommendations. All of the claims were reported as being responded to satisfactorily but the most common complaint among those who submitted reports to the BBB was a lack of communication with the company. At the time of writing this article, the company has thousands of 5 star reviews on TrustPilot.

The Final Say

In the end, Lear Capital has been around for over twenty years and during that time, they have become a big name in he precious metal world. The LCI company has completed over 2 billion dollar in precious metal sales, making it one of the most popular gold IRA companies to choose in America. Lear also makes it easy to manage your investment capital, has a team of great employees and a good track record. As a company, they have earned their place in the industry for a reason.

Other Great Gold IRA Deals available for May 2024

Frequently Asked Questions about Lear Capital (FAQ)


Who owns Lear Capital?

Kevin D Demeritt is the founder and chairman of Lear Capital Inc.

Is Lear Capital a real company?

Lear Capital is a real company that has been around for a good amount of time. Like any business, they have had their complaints. What makes the company stand out is that they have worked to correct complaints.

Does Lear Capital have a good reputation?

Lear Capital has an overall good reputation. There have been issues in its past where the company has had complaints but those have been resolved and they still maintain prominency as a large name in the precious metals industry.

Where is the Lear Capital Office?

Lear Capital has offices across the country, take a look at their map: https://www.learcapital.com/local/

How long has Lear Capital Been Around??

Lear Capital was founded in 1997 and has worked with customers to purchase precious metals since then.

What Makes Lear Capital Unique?

Lear Capital’s website with a plethora of information helps to set them apart from the competition. You can find just about anything you want to know about precious metals, IRAs, or how-tos on their site. Not only that, you can buy all of the precious metals you need through them.

Other gold IRA companies reviewed:

American Hartford Gold
Goldco Direct
Advantage Gold LLC
Noble Gold Investments
Patriot Gold
Augusta Precious Metals
RoslandCapital
BirchGold
OxfordGoldGroup Inc.

Lear Capital

8.7

Service

9.1/10

Quality

8.9/10

Pricing

8.2/10

Positives

  • More than 20 years in business
  • Most popular gold IRA Company
  • Great customer service

Negatives

  • Multiple Lawsuits against Lear Capital
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6 Comments

  • Ben says:

    Hi Christopher,

    I’m hesitating between Lear Capital and Augusta Precious Metals for my gold IRA. Which one would you recommend?

    Regards,

    Ben

    • Hi Ben, this is an interesting question, although I invite you to consider your priorities as they play a crucial role in your final decision.

      You’ll find a comparison of those two reputable companies on our website, this article will give you everything you need to know to make an informed choice.

      My personal recommendation would not help you make the right choice for you as all situations are unique.

      Happy investing!

      • Nat says:

        Hi,

        What is the minimum investment for a gold IRA with Lear Capital?

        Thank you!

        • Hi Nat,

          The minimum investment requirement for a gold IRA with Lear Capital varies depending on the specific service. Generally, Lear Capital has a minimum investment requirement of $25,000 for its gold IRA services. However, for those interested in rollovers for their gold IRA with Lear Capital, the minimum investment is $10,000, offering more flexibility for investors in terms of investment options.

          Happy investing!

      • Ben says:

        I understand, I’ll check the article out before investing.

        Thank you for your help 🙂

  • ArthurIRA says:

    Personally I left Lear Capital and went with Augusta, and I couldn’t be happier with my choice.