Lear Capital Review

Despite observing numerous gold companies come and go Lear Capital has persisted through decades. We now evaluate Lear Capital’s reputation through our review. 

Our priority is discovering the genuine story rather than accepting marketing embellishments. We want to provide you with truthful information regarding Lear Capital’s services so you can decide confidently about your investment.

What Is Lear Capital?

Lear Capital has earned its reputation in the precious metals industry by providing gold, silver and platinum products for both IRAs and direct purchase.

Through more than two decades of operation the company has developed a trustworthy reputation for creating investment options specifically for retirement planning.

The firm Lear Capital specializes solely in precious metals investments and serves as an option for people wanting to diversify their retirement funds.

The leadership team of Lear Capital which consists of founder Kevin DeMeritt possesses extensive knowledge about precious metals investing and market analysis.

As a leader within the company John Ohanesian contributes strategic insights which help establish a solid operational foundation.

The leadership team’s dedication demonstrates their focus on both customer-oriented services and regulatory compliance.

The company Lear Capital establishes its regulatory compliance framework by partnering with reputable organizations including the Industry Council for Tangible Assets (ICTA).

Investors benefit from insured storage options through secure facilities provided by Delaware Depository and Brinks Depository.

Lloyd’s of London provides insurance protection for both storage options which enhances security for precious metals investments.

Lear Capital makes it easy for those who want to establish a Gold IRA or self-directed IRA for retirement by offering support for IRA rollovers and transfers from current 401(k) accounts or other retirement accounts.

The focus on tax-deferred growth enhances their product offerings with additional appeal. Lear Capital delivers its services through partnerships with accredited organizations including Numismatic Guaranty Corporation (NGC) and Professional Coin Grading Service (PCGS) to guarantee the authenticity and value of purchased metals.

Lear Capital’s reputation as a trustworthy investment provider for precious metals is validated by positive reviews on platforms such as the Better Business Bureau (BBB) and Trustpilot.

Lear Capital leads the industry because of their commitment to transparent practices and secure storage solutions along with expert advice.

Kevin DeMeritt – Founder

Kevin DeMeritt who leads Lear Capital as founder and chairman brings extensive experience from international banking to the table. His expertise extends to economic cycles and financial trends together with sovereign debt.

DeMeritt leads Lear Capital’s diversification plans while continuing to teach investors about precious metals benefits.

The Bulls, The Bears and The Bust served as a prescient forecast of the 2001 market crash while showcasing the author’s economic foresight.

 During his tenure as leader Lear Capital established itself as a well-regarded entity in the precious metals market.

John Ohanesian – CEO

John Ohanesian leads Lear Capital as CEO while utilizing his deep corporate leadership experience and strategic development expertise. 

His responsibilities include leading company operations while making sure their products meet investor requirements.

John Ohanesian directs his focus toward customer satisfaction and regulatory compliance while streamlining processes for IRA rollovers and self-directed IRA services.

Through his client-centered strategy he reinforces Lear Capital’s reputation as a trustworthy precious metals investment partner.

Product Offered

Lear Capital delivers multiple precious metals investment solutions. Lear Capital’s product offerings target gold and silver products which serve both retirement accounts and direct buying opportunities.

Gold Products

Lear Capital features a wide assortment of gold products that serve investment needs and portfolio diversification.

Key options include:

• This selection of gold coins offers premium rare versions including American Gold Eagles from the U.S. Mint and Canadian Gold Maple Leafs which are distinguished by their purity and historical value. Their value remains consistent despite economic downturns.
• Investors purchasing physical gold in bulk find gold bars available in multiple sizes more affordable due to lower premiums than those of gold coins.
• Bullion serves as a practical option for inflation protection because it holds value through its weight and global market liquidity.

Self-directed IRAs enable investors to store physical gold within retirement accounts that provide tax benefits and portfolio diversification through long-term tax-deferred growth.

Silver Products And Coins

Lear Capital provides multiple silver investment options that help protect wealth and protect against inflation.

Popular items include:

• The American Silver Eagles and Austrian Philharmonics gold coins exhibit meticulous craftsmanship which makes them highly valued and sought after by both coin collectors and financial investors worldwide.
• Silver bars exist in various dimensions which allow investors to purchase large quantities of physical silver at reduced costs.
• Silver bullion functions like gold bullion as a means to store value and maintain liquidity during economic uncertainty.

Precious metals portfolios benefit from silver products because they help diversify investment assets. Investors have the option to store these products in self-directed IRAs which provide flexible and secure investment choices.

Service Offered

Lear Capital offers numerous gold, silver, and platinum investment services that allow you to expand your portfolio with physical precious metals through easy purchase methods or retirement accounts that offer tax benefits.

Direct Purchase

Lear Capital lets you purchase gold, silver, and platinum directly without using IRAs. The online platform remains accessible throughout the day and night where investors can explore extensive collections of coins, bars, and bullion. Customers can participate with any investment amount because there is no minimum order requirement.

Free shipping adds value by providing cost-effective delivery options for your order. The full insurance coverage for all items during transportation provides you with additional peace of mind.

Lear Capital provides insured storage for metals at reputable vault facilities such as the Delaware Depository for those who prefer not to handle storage themselves.

Purchasing precious metals becomes straightforward for both experienced investors and newcomers through these features.

Precious Metal IRA

Lear Capital offers gold, silver, and platinum IRAs for retirement that provide tax-deferred growth alongside portfolio diversification options.

A free Gold IRA kit is available to help you understand their services and benefits. Lear Capital delivers up to $15,000 coin bonuses to qualified buyers which boosts your overall investment worth.

IRS-approved coins and bars that adhere to strict standards make up their collection. The team’s expert guidance allows you to easily establish a self-directed IRA or move a 401(k) into a Gold IRA.

The use of insured storage options at the Delaware Depository helps maintain regulatory compliance and ensures your assets remain protected.

Opening A Gold IRA With Lear Capital

Lear Capital offers an efficient three-step Gold IRA setup procedure to ensure simplicity throughout the process.

Your dedicated support enables you to participate in retirement accounts that benefit from tax advantages and contain tangible precious metals such as gold and silver.

Step 1: Lear Capital Form

You initiate the process by submitting a simple online form available on Lear Capital’s website. The form gathers only essential details including your name, contact information, and residential address before proceeding to the next step.

After submission, Lear Capital’s team member contacts you right away to provide further assistance. The process guarantees efficient resolution of your questions while delivering a smooth onboarding experience.

The form gets rid of unnecessary steps while prioritizing secure communication. Lear Capital maintains a strict adherence to industry standards during every phase of the initial setup to ensure regulatory compliance.

The swift account setup by Lear Capital establishes their position as a dependable partner for precious metals investment.

Step 2: Decide On The Metal And Amount

Once you complete the form you will pick the appropriate metals to match your portfolio and establish your investment amount.

Their expert representative helps you select from choices such as gold coins or platinum bars while making sure these options match your financial objectives and market strategies.

You receive complete guidance that covers modern market status assessments as well as product verification through organizations like NGC and PCGS alongside the benefits of tax-deferred growth. Your retirement plan gets a strong base when this step customizes Gold IRA investments to fit your strategy.

Step 3: Open Your Account Via Lear Capital

An account specialist provides personalized support through the final stage where you open and fund your precious metals IRA. Your self-directed IRA receives funds through either direct deposits or an IRA rollover process.

Your selected metals receive secure and insured storage at vault facilities including Delaware Depository and Brinks Depository. These facilities maintain strong security standards while being protected by Lloyd’s of London insurance.

Every stage of the process adheres to regulatory standards which strengthen investment protection and ensure investor confidence.

Storage And Security

Lear Capital works with reputable depository facilities that provide reliable security for your precious metals. Through these partnerships, they provide insured and regulated storage solutions for retirement accounts including Gold IRAs and self-directed IRAs.

Delaware Depository

Delaware Depository which opened in 1999 focuses on storing precious metals including gold, silver, platinum, and palladium.

This IRS-approved facility stands out for its top-tier security measures that include 21-inch reinforced concrete walls and bulletproof doors along with advanced electronic surveillance.

Your assets stay protected through multiple control access measures along with time locks and insured shipments.

Lear Capital teams up with Delaware Depository to deliver insured storage services. The partnership puts a strong focus on maintaining operational transparency alongside strict adherence to regulatory standards.

DDSC provides comprehensive insurance coverage for your assets stored at Lear Capital’s trusted facility on the purchase of metals.

Brinks

Brinks increases your secure storage facilities through its partnership with Lear Capital. Brinks provides high-level vault storage solutions for gold and silver investments while maintaining its global reputation for security and logistics expertise. The network operates on a large scale to provide safekeeping and easy access simultaneously.

Clients who utilize Brinks receive benefits from advanced storage technology as well as comprehensive insurance coverage provided by Lloyd’s of London.

The facility of Gold IRAs supports Lear Capital’s emphasis on meeting regulatory standards and promoting tax-deferred growth while providing another choice for asset protection.

Insured Storage And Vault Storage Facilities

Lear Capital provides two insured storage options: segregated and non-segregated vault storage. Segregated storage places your metals into separate dedicated spaces while non-segregated storage combines multiple clients’ assets. Both are fully insured, ensuring asset protection.

The Delaware Depository and Brinks provide segregated and non-segregated storage options for Gold IRAs and precious metals IRAs.

The storage facilities adhere to IRS standards and provide secure storage for your metals with regulatory compliance.

Lloyd’s of London

Lear Capital-partnered storage facilities receive insurance protection from Lloyd’s of London. As an insurance market with worldwide reach Lloyd’s delivers unparalleled protection options for high-value items including precious metals. This guarantees protection against theft or damage.

The partnership with Delaware Depository and Brinks secures your investments through Lloyd’s of London insurance.

Clients who store metals for IRAs or direct purchases receive security and peace of mind through Lear Capital’s offered coverage.

Costs And Fees

Investment Amount	Setup Fee	Annual Maintenance Fee	Fee Waivers
Less than $10,000	$280 (First Year)	$200 (From Second Year)	None
$10,000 – $24,999	$230 (Setup Fee Waived)	$200 (From Second Year)	Setup fee waived for deposits > $10,000
$25,000 – $49,999	$0	$0 (First Year)	No fees for the first year
$50,000 – $74,999	$0	$0 (First Two Years)	No fees for the first two years
$75,000+	$0	$0 (First Three Years)	No fees for the first three years

Lear Capital maintains straightforward fee disclosures for Gold IRAs and additional precious metals accounts.

The initial setup fee of $280 must be paid during the first year to cover account creation and related services.

Starting from the second year you will pay a yearly maintenance fee of $200. The fee covers insured storage at protected vaults such as the Delaware Depository or Brinks while providing round-the-clock online account access and insurance coverage through Lloyds of London.

Fee waivers become available when particular investment levels are reached which creates cost-saving benefits.

The setup fee of $50 is eliminated for deposits that are above $10,000. The first year features no fees when your investment is between $25,000 and $50,000.

Deposits that fall between $50,000 and $75,000 qualify for a fee waiver during the first two years. Investments above $75,000 secure three years of zero fees to boost your earnings.

Annual storage costs together with the maintenance fee fulfill regulatory compliance requirements for IRS-approved self-directed IRAs.

Lear Capital Customer Service And Support

Lear Capital provides customer support through accessible services that deliver quick responses and personalized assistance.

The primary customer service line for Lear Capital is (800) 576-9355 and it remains the preferred contact method for 92% of clients who wish to make inquiries.

You should contact (888) 806-5945 or transaction@learcapital.com for cancellations or specific transactional issues.

The company’s corporate office is situated at 1990 S. Bundy Drive, Suite 650 in Los Angeles with the postal code 90025 for general inquiries.

Operating hours for customer service span from 7: Customer service operates from 7:00 AM until 6:00 PM PST to provide ample assistance throughout the week.

When reaching out to them customer service experiences shorter delays on Thursdays and Saturdays while Fridays tend to have extended wait times. Most concerns get resolved efficiently with an average call duration of 4 minutes.

The focus of Lear Capital is to deliver customer satisfaction through straightforward and efficient communication methods.

Transparent support channels combined with knowledgeable representatives strengthen their dedication to clients.

Lear Capital Reputation And Ratings

Trusted review platforms deliver high ratings for Lear Capital consistently. Lear Capital maintains a 4.9-star rating on Trustpilot which includes feedback from over 2,584 reviews.

ConsumerAffairs has given Lear Capital the highest rating of 5 out of 5 based on over 1,444 customer reviews.

The Trustpilot platform shows that 95% of ratings for Lear Capital fall at four stars or above which indicates exceptional customer satisfaction.

Lear Capital has held the top customer satisfaction position for multiple years in the Precious Metals IRA Dealer sector due to its exceptional service.

The company receives frequent customer praise for delivering personalized attention alongside transparent operations and expert advice.

Lear Capital demonstrates reliability through outstanding customer feedback while people explore Gold IRAs or other retirement options.

Lear Capital proves its trustworthiness with its industry partnerships and official certifications. Since 2013 Lear Capital has maintained Verified Company status from Registered Representatives.

By aligning itself with organizations such as the Better Business Bureau (BBB), Lear Capital strengthens its pledge to uphold ethical business standards.

These accreditations confirm that Lear Capital gives top priority to regulatory compliance and industry standards.

Customer concern resolution strategies helped maintain Lear Capital’s positive reputation for almost 25 years besides customer reviews.

The current data shows that issues are resolved effectively which enhances the company’s positive reputation on digital platforms.

These positive reviews demonstrate Lear Capital’s dependable status as an investment partner for precious metals IRAs and direct purchases.

Pros And Cons

Understanding Lear Capital requires examining its capabilities and limitations to fully grasp what it offers.

Pros

• You can explore educational resources including a complete learning center alongside the “Keeping You Informed” video series and an insightful blog. These resources provide current information about precious metals investment opportunities and market patterns.
• Lear Capital delivers outstanding customer service by assigning personal account representatives to give you customized support during your investment process. The white-glove service from Lear Capital manages both the onboarding process and account management for Gold IRAs.
• Lear Capital delivers price transparency through its ‘Price Advantage Guarantee’ which includes written account agreements and real-time price insights alongside purchase confirmations. This eliminates hidden fees and enhances trust.
• Lear Capital maintains asset protection and regulatory compliance through its partnership with IRS-approved depositories like Delaware Depository and Brinks Depository which provide insured storage services with backing from Lloyd’s of London.

Cons

• The company faced legal challenges that led to a $6 million settlement with the New York Attorney General over undisclosed commissions in 2021 which might cause hesitation.
• The $280 setup fee along with a $200 annual maintenance fee could be off-putting for those who prioritize cost-saving. Some investors will not be able to reach investment levels that eliminate specific fees.
• Customer reviews across Better Business Bureau (BBB) and Trustpilot demonstrate a range of opinions including both positive feedback and negative comments about fees and transparency issues.
• The company’s previous bankruptcy proceedings and their $5.5 million compensation plan for investors could raise concerns about their financial stability.

Lear Capital Vs. Competitors

Lear Capital surpasses its industry rivals through its custom investment strategies and dedication to regulatory standards along with delivering exceptional customer service.

When evaluating Lear Capital alongside other industry competitors we can see clear distinctions in their areas of expertise as well as their product offerings and customer benefits.

Goldco

Goldco offers gold and silver IRAs which Lear Capital also specializes in but the two companies differ in significant ways.

Lear Capital gains its edge through insured storage solutions from Brinks and Delaware Depository with Lloyds of London coverage while Goldco offers free storage promotions for new account holders who fulfill their criteria.

Lear Capital offers a broad spectrum of products which encompasses numismatic coins authenticated by independent organizations such as NGC.

Both organizations promote tax-deferred growth opportunities for retirement accounts while Lear Capital maintains a commitment to transparent fee practices.

Goldco delivers similar 401(k) rollover and self-directed IRA services compared to Lear Capital which offers live tracking and alert tools for improved real-time investment monitoring. Lear Capital highlights secure vault storage facilities which attract investors who value metal security.

Rosland Capital

Rosland Capital gives priority to collectible coins in its investment options while Lear Capital focuses on investment-grade precious metals IRAs.

Lear Capital provides diverse gold and silver retirement products but Rosland Capital specializes in direct sales of premium collectible coins.

Retirement investors seeking tax-deferred growth will find Lear Capital a stronger option because it offers access to IRS-approved precious metals for Gold IRAs and self-directed IRAs.

Rosland Capital offers secure storage solutions while Lear Capital gains advantage from its partnerships with Delaware Depository and Brinks through insured storage facilities and IRS regulation compliance.

Lear Capital provides a more beginner-friendly experience through its personal account representatives and illustrative guides, unlike Rosland Capital which concentrates mainly on serving high-net-worth collectors.

Frequently Asked Questions

How long has Lear Capital been in business?

Since 1997 Lear Capital has operated in the precious metals investment industry accumulating more than 25 years of expertise.

Is Lear Capital a trustworthy company?

A proven record shows Lear Capital’s two decades of expertise along with good ratings from BBB and Trustpilot.

The company resolved transparency-related legal challenges through settlements while implementing better practices.

Can Lear Capital help with rolling over a 401(k) into a Gold IRA?

Lear Capital makes it easy to roll over your 401(k) into a Gold IRA. The company’s team supports compliance management and account transfers for establishing tax-advantaged retirement accounts.

What sets Lear Capital apart from its competitors?

Lear Capital distinguishes itself through its vast experience combined with secure storage facilities and adherence to regulations while providing beginners with resources such as step-by-step instructions and professional consultations to plan for retirement.

Did Lear Capital encounter any legal problems?

A lawsuit about fee transparency led Lear Capital to settle for $6 million. The company implemented measures to strengthen its disclosure processes and provide greater transparency to its investors.

Conclusion

Selecting a trustworthy partner for your precious metal investment demands thorough analysis and attention.

Lear Capital delivers retirement planning services that fuse industry knowledge with secure storage solutions while maintaining full regulatory compliance.

The company’s improved transparency and customer satisfaction initiatives demonstrate a dedication to resolving investor worries despite previous legal difficulties.

Lear Capital delivers essential tools and guidance that benefit investors seeking portfolio diversity through its wide range of products and educational resources while offering tailored support.

Evaluating the advantages and disadvantages will help you assess how well Lear Capital matches your investment objectives and future financial plans.

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