Lear Capital Review

Bear Lake Gold has created this Lear Capital Review page to provide answers to the questions that you may have about this company.

Unlike other Lear Capital Reviews online, we want to assure you that you will get answers to the most important questions other investors ask about this precious metal company. In addition, we will provide more information about this company that will guide you in your decision-making process of whether it is best to do business with the company or not.

As an independent organization, we aim to provide our readers with impartial, well-grounded and fact-checked information about this company. The essence is to allow you to compare it with other precious metals companies on a like-for-like basis.

We use our standard gold IRA dealer review methodology while conducting all our review procedures, and as a major part of the process, we contact the major people affiliated with the companies we are reviewing. These include founders, staff, managerial team members, and clients.

From the responses we get while conversing with these people about these companies, we form our impartial standpoints about them. From our unbiased conclusions about these companies, our readers will know how suitable, moral, ethical, and competitive these companies are in the precious metals market.

Therefore, the details we will provide you in this review document border around vital aspects of this gold IRA company, like its management team, promotions, pros and cons, products and services, and rating on various rating sites.

We intend to use this Lear Capital Review information to answer the following basic questions.

  • Is Lear Capital a scam or a legit company?
  • Should we do business with Lear Capital?
  • Which companies would we recommend as the best precious metals & gold IRA investment companies?

Summary for Those Who Want a Quick Abridged Answer

After extending our research to the various key players associated with this gold IRA company, the information we got drove us to make the following conclusions about the company.

  • Lear Capital is not a scam company.
  • Lear Capital is not one of the companies we can list in our top 30 gold dealers or precious metals IRA providers.

We have made these conclusions about the company because of the details we got about them. To find out what these details are, please read this article till the end.

There is still one unanswered question above, “Which companies would we recommend as the best precious metals & gold IRA investment companies?”

Apart from giving you information about the companies that we are reviewing, our major aim also entails providing recommendations for you, our readers, about the best gold IRA companies to invest in a gold IRA through. We give our recommendations based on extensive and rigorous research, and the best companies we recommend for doing business with in the gold and silver industry are Augusta Precious Metals, Goldco, and American Hartford Gold.

Click on the relevant buttons below to get these companies’ details review guides. All you need to do is to type in your details, and the documents will be yours in no time. These guides contain all the amazing details about these companies and what you stand to gain when you decide to invest in a gold IRA through them. We have made the documents easy to understand, straightforward, and free to be worth your reading time.

Coin Grading Free Silver Offerenterprise bullion gold iragold ira free silver offer

#1 Recommendation Best Overall Precious Metal Provider

Best IRA Gold information packREQUEST YOUR AUGUSTA GOLD GUIDE

#2 Recommendation Best  Gold IRA Based On Price

Best IRA Gold information pack REQUEST YOUR GOLDCO GOLD GUIDE

#3 Recommendation Best  Gold IRA Based On Price

Best IRA Gold information packREQUEST YOUR HARTFORD GOLD GUIDE
Lear capital Reviews

Lear Capital

Introduction to Lear Capital

Lear Capital has been a precious metal and gold IRA dealer for over 20 years. Since its inception in 1997, the company has made over $3 billion in transactions. Lear Capital is located at Cornerstone Plaza Parking, 1990 S Bundy Dr #650, Los Angeles, CA 90025, United States.

When we understudied the company deeply, we found out that a lot of customers love the company because of the following reasons;

  • It ensures that customers' transactions are smooth and hassle-free.
  • Customers do not pay any fee for its buyback program.
  • The company has a professional customer service department with a timely response.

After our objective study of the company, we proceeded to study the company subjectively. The first thing we did was to reach out to the customer care department. We called the customer service team at different times to speak to different agents on the team.

The first question we asked the customer care representative we spoke to was, "why should anyone invest in physical gold and silver or a gold IRA through Lear Capital?"

She responded, "Since 1997, Lear Capital has helped individuals diversify into physical gold and silver. With more than 90,145 customers, we've earned a AAA rating from the Business Consumer Alliance and are a top-rated precious metals IRA dealer. Lear has unparalleled expertise in the precious metals industry. We take pride in our VIP service, and our research team provides special reports and data to get you the answers to common FAQs, such as:

  • Where do experts believe gold and silver prices are heading?
  • How can precious metals help diversify my savings and retirement?
  • How have gold and silver performed in comparison to the stock market?
  • How can precious metals help me hedge against a financial crisis, inflation, and geopolitical unrest?"

Lear Capital Management Team

The founder of Lear Capital is Kevin DeMeritt. He founded the company in 1997. Kevin has been investing in precious metals for over 20 years and has gained a lot of experience in the niche. Kevin is also a well-respected market analyst and financial expert. From what we learned about DeMerrit, he has organized many interviews at different media outlets where he discussed market volatility, national debt ramifications, tangible assets, and portfolio diversification.

What is Lear Capital Selling?

Lear Capital sells a variety of famous IRA-eligible precious metals products in the following categories;

  • Gold
  • Silver
  • Platinum

The customer agent we asked about the company's products told us Lear Capital does not sell palladium products.

Some of the popular IRA-eligible gold products you will find in the company's catalog on its website are;

  • Gold American Eagle
  • Gold Canadian Maple Leaf
  • Gold Austrian Philharmonic
  • American Gold Buffalo

The silver products that you will find in the company’s catalog on its website are;

  • Silver Canadian Maple Leaf
  • Silver American Eagle

If you want to get platinum IRA-eligible products, you can get the popular one-ounce Platinum American Eagle coin from Lear Capital.

According to the agent we spoke to, interested investors can buy gold and silver bars from Lear Capital. The company also sells rare coins to interested investors.

Lear Capital also offers IRA services to interested investors. According to the agent we spoke to, the company has partnered with STRATA Trust Company to offer IRA services to its customers.

Lear Capital Costs and Fees

If you want to open your gold IRA with the company, you will make a one-time payment of $280 for the first year for setup and maintenance. After this one-off payment, you will pay $200 annually. The $200 annual payment will cover the storage fees, 24/7 access to your Lear Capital account online, precious metals insurance fee, and quarterly statements.

The company is transparent with the prices of its products. All products on its website have their prices written for customers to see.

Lear Capital Products and Services

The services that Lear Capital offer allows customers to enjoy the following benefits;

  • Investments management
  • Financial security
  • Purchase of physical gold, silver, and platinum products
  • Other IRA investments in the form of precious metals
  • Rare or premium coins.

Lear Capital's Precious Metals

When we surfed through Lear Capital’s website, we saw that the company sells only gold bullion with at least 99.5% purity, silver bullion with at least 99.9% purity, and platinum bullion with at least 99.95% purity.

Lear Capital's Self-directed IRAs

Starting an IRA with Lear Capital

Lear Capital precious metals IRA gives customers an easy method for their portfolio diversification. If you want to diversify your portfolio using precious metals IRA, the first thing to do is to set up your precious metal IRA (Individual Retirement Account).

When we asked another customer care agent how customers can set up their gold IRAs, she said, "we have a processing department committed to assisting customers with the application procedure." According to her, the application procedure should take at most 10 minutes.

She also told us that the company assigns a committed customer care representative to help new clients through the application process. If you submit the correct details and Lear Capital processes and approves your application, your Lear Capital Account for investment will be ready in 24 hours.

After your account is set up, you should transfer funds or rollover from your existing IRA into your gold IRA. The customer care representative assigned to you can work you through the procedure.

The company sells different gold, silver, and platinum products. It also sells other precious metal coins, and its products meet IRS standards for IRA-eligible products. When your rollover or funds transfer is complete, a member of the Lear Capital staff team will assist you in choosing the right gold IRA products based on your budget and investment goals.

If you go through the Lear Capital website, you will see various products with their descriptions, including pictures and prices. According to the agent we spoke to, the website products' prices are in real-time. Hence, customers will see price fluctuations for various products at different times.

Once you are done selecting the products you want to buy, and you are set to check out, Lear Capital will give you 10 minutes to finalize your order at the purchasing price before another price change occurs.

After putting in your order, the company will give you up to 48 hours to pay for it. You can pay for orders via wire transfer or check. It is pertinent to note that these two payment methods have different processing durations.

Wire transfer processing and confirmation time can take up to one week, while checks take around two weeks. The agent told us that Lear Capital encourages its customers to use the wire transfer method because it is faster.

After payment, the company will need you to sign its Shipping and Transaction agreement. The essence of this agreement is to ensure that Lear Capital ships your products to you safely and to your desired location or deposits them in a secure storage facility.

As we have mentioned, Lear Capital partners with STRATA Trust Company to provide custodianship for interested clients.

The company allows its clients to invest in a gold and silver IRA with the flexibility of rolling over a part of their existing IRA funds or transferring money directly to their gold IRA.

Then it stores its customers’ metals in a secure storage facility. If you decide to invest in a gold IRA, you will enjoy the same tax benefits as a normal IRA.

Physical Metals Investments

You can buy rare coins and other precious metals products (gold, silver, and platinum) from the company. However, it does not sell palladium products. You will find the products available for purchase on the company's website.

In addition, you will find the following on the Lear Capital website.

  • Vast resources library
  • Market charts
  • Precious metals encyclopedia
  • Precious metals investments and retirement plan manuals.

Storage

The company gives its interested clients fully allocated storage through Delaware Depository. You can choose Delaware's segregated storage option or its non-segregated storage option. In addition, the storage facility is fully insured via Llyod's of London. Delaware also offers international storage options. It stores customers' products internationally in facilities via the Bank of Nova Scotia sub-custody services in Toronto, ON, Canada, and Via MAT International in Zurich, Switzerland.

Lear Capital Education

The company provides customers with a comprehensive resource library on its website. Its website has a “News & Investor Resources” section allowing customers to access educational tools like precious metals encyclopedia, market charts and data, precious metals price charts, and articles relating to precious metals investments.

Lear Capital offers a secure environment, a personal account representative, quarterly financial statements, and an investment partnership to keep you informed of precious metals news, spot prices, and economic trends that affect your retirement plans and future.

Distribution

When you make precious metal investments, one of the major advantages you will enjoy is that your investments tend to maintain their value over an extended period. Even when the economy is going down, their value remains intact.

Sometimes, their value may increase in a period of economic decline. Alternatively, the traditional IRA will lose value when there is a decline in the economy. Therefore, we advise that you invest in precious metals IRA to hedge your investments from inflation and economic decline effects.

You can hold physical gold, silver, and other precious metals and distribute them if you invest in a gold IRA. Such options are not available for a conventional IRA. You can also sell your metals in your IRA and get the cash transferred to our bank account like you will transfer money from your regular retirement accounts when you decide to.

We were told that customers could contact a representative to know more about gold IRAs and the tax implications of account liquidation.

Credentials

The company has climbed the ladder of success and gained the trust of potential clients in the industry by being a member of the following organizations;

  • Professional Coin Grading Service
  • Business Consumer Alliance
  • Industrial Council for Tangible Assets
  • Numismatic Guaranty Corporation
  • Trust Link
gold ira pros and cons

How Do Customer Review Sites Rate Lear Capital?

BB Review and Customer Testimonials

No Reviews Were Found

No Reviews Were Found

Business Consumer Alllience Review

AAA

BCA shows Lear Capiotal had 9 closed complaints in the last 3 years

Google review

4.8 out of 5 stars

 

The rating was from 286 reviews

Facebook Reviews

4.3 out of 5 stars

This rating was based on 121 customer reviews

Trustpilot Reviews

4.9 out of 5 stars

The rating was from 1,061 reviews

Lear Capital Promotions

When we conducted this review, Lear Capital offered $100 worth of free coins when customers open IRAs and buy physical assets worth $5,000. While the promotion is good, other companies offer better promotions. For instance, as a new customer who is buying precious metals through Goldco, you will get free silver worth $10,000.

free $10,000 in silver

Lear Capital Pros And Cons

Pros
Lear Capital has transparaent pricing
They make ordering products online and any precious metals investment process easy

It is easy to open a gold IRA through them
They will set up your IRA precious metals account in 24 hours
They have a customer care team that offers professional service
Their customer team responds in a timely manner
THhey have partnered with a third-party IRA custodian for their custodianship services
Cons
Lear Capital are not a BBB-accredited business
The company’s fee is quite high
You can only open an IRA account once you contact a Lear Capital representative
They do not sell palladium
The minimum investment you can make is $7,500

Lear Capital Conclusion

To conclude this review, we will give our final verdict on this precious metal and gold IRA company based on the information we got about the company after our deep research.

Generally, Lear Capital is not a scam company. It is a legit company with a verifiable owner. It is a popular precious metal dealer in the industry, and they have various investment options for investors to choose from and a comprehensive insurance policy.

We also concluded that the company has an experienced customer care team that makes the gold and silver acquisition process easy for interested investors. Some investors highly recommend Lear Capital because of its customer care service.

Apart from selling precious metals, it also offers gold and silver self directed IRAs, and its customer service representatives are always available to help customers set up their accounts.

Lear Capital offers various options when it comes to shipping. Customers can choose between allowing the company to send their metals to their desired locations or a secure storage facility (Delaware Depository).

While we have concluded that Lear Capital is a good investment company for precious metals IRAs, and they make investing easy for their customers, we think there are other better companies in the industry.

Hence, if you are considering Lear Capital for your investment, we would not advise you to do that.

We do not recommend the company as a precious metals investment company that you should do business with because it has a lawsuit history.

The company had legal issues in 2019, to be precise. The lawsuit accused Lear Capital of fraudulent selling methods that allowed it to charge its customers as high as 33% extra fees without their knowledge.

However, Lear Capital seems to have turned a new leaf from such practices, but for us, the fact that there has been a lawsuit history is a big red flag.

We believe that there are better precious metals IRA firms in the industry with clean records and more competitive prices, and from our extensive research, we have carefully selected the companies in the industry that are the best for your precious metals investing.

These companies are Augusta Precious Metals, Goldco, and American Hartford Gold. We have ranked them as our top three gold IRA companies in the industry because of their amazing features. In addition, they offer the best promotions in the industry to new customers. For instance, you will get free silver worth $10,000 from Goldco after setting up your gold IRA and rolling over funds from your existing IRA account.

Finally, these companies have tons of positive reviews and ratings on third-party customer rating sites, showing that they are true to their promises. To learn more about these companies and other FREEBIES you will enjoy by investing through them, click the relevant buttons in the "Top Three Lear Capital Alternatives" section below.

Our Recommended Alternatives To Lear Capital 

Our #1 Precious Metals & Gold IRA Company - Best Overall

augusta Precious Metals

Augusta Precious Metals is our best rated overall precious metals company

  • Customer care is exceptional
  • Pricing is highly competitive
  • Educational program second to none
  • The best FREE investment guide in the industry
  • Zero complaints on BBB & BCA
  • Free shipping on all orders

Our #2 Recommendation - Best For Promotions

Goldco best ira company review

Goldco is our second top rated gold and precious metal company. Having been top rated all of last year they were very close top Augusta Precious metals

  • Great promotional offers
  • Pricing is highly competitive
  • Educational program second to none
  • FREE investment guide in the industry
  • High buyback prices
  • Expert guidance provided by the team
  • First years fees waivered for new customers

Our #3 Gold & Silver Company -Great Prices and Great Customer Service

Hartford American

American Hartford Gold is our third top rated company.

  • A leading, recognized and trusted brand in the industry
  • A family owned and run business
  • Excellent customer service
  • Buy back guarantee
  • Free shipping
  • Promotional offers for new  customers
  • Transparent about cost
  • Diligent when it comes to compliance

 

Read Other Gold Company Reviews, Including :-  7K Metals Reviews  Monetary Metals Review

 

 

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