Lear Capital Review: Is It the Best Choice for Your Precious Metals IRA?

Looking into Lear Capital for your precious metals IRA needs? Transparency and trust are paramount. Our in-depth Lear Capital review objectively evaluates their IRA services, fee structure, and customer satisfaction to help you make an informed decision. We’ll guide you through the facts without embellishment, so you can determine if Lear Capital aligns with your investment strategy.

Key Takeaways

A Comprehensive Look at Lear Capital

Precious metals investment

Founded by Kevin DeMeritt in 1997, Lear Capital has grown to become one of the largest precious metals companies in the United States. DeMeritt’s expertise in market fluctuations, hard-asset investments, and the influence of geopolitical events on financial cycles has been instrumental in shaping the company’s market strategy.

Lear Capital has become a leading company in the precious metals industry. It offers a range of investment options in metals such as gold silver and platinum, as well as palladium.

Lear Capital’s Footprint in the Precious Metals Market

Lear Capital’s strategy in the precious metals market stems from comprehending the elements that impact supply and prices. National movements, such as countries shifting from U.S. Treasuries to gold, contribute to a heightened demand and price of gold, a trend that has significantly influenced Lear Capital’s market strategy. Additionally, the finite nature of gold and the increasing difficulty in mining are factors that Lear Capital’s founder, Kevin DeMeritt, cites as influencing the supply and prices in the precious metals market.

Central bank activities, such as substantial acquisitions of gold, also play a significant role in the dynamics of the gold market. Lear Capital equips investors with tools such as the Real-Time Price Monitor, which provides current data on the values of precious metals in the market.

The Services Offered by Lear Capital

Aside from its strong market presence, Lear Capital offers a variety of services tailored to meet the needs of its customers. One of its key offerings is a precious metals IRA, which affords the same tax advantages as traditional IRAs. Investors can choose from a variety of precious metals for investment, including precious metal IRAs:

Committed to providing personalized customer service, each customer is assigned a dedicated Account Representative. Their dedication is also evident in the setup and transfer process of the precious metals IRA, where Lear Capital provides assistance to customers.

Evaluating Lear Capital’s IRA Precious Metals Account

IRA precious metals account

When it comes to setting up a Precious Metals IRA account, Lear Capital facilitates the process quickly and efficiently. Upon receipt of the completed application, which takes roughly 10 minutes to fill out, the company guarantees to establish the account within 24 hours. This IRA account provides tax advantages similar to traditional IRAs while allowing investors to diversify their portfolio, aiding in risk management for retirement planning.

Funding this IRA is flexible with options to deposit funds via wire transfer, certified check, personal check, or money order. Upon reaching retirement, investors can choose to liquidate their assets or take physical possession of the metals. To ensure confidence in investing, Lear Capital provides a 24-Hour Risk-Free Purchase Guarantee.

How to Initiate Your Investment Journey with Lear Capital

Initiating an investment journey with Lear Capital is a simple investment process, usually completed within one business day. The company’s IRA Processing Department assists in transferring IRA funds tax-free, working with the existing IRA custodian to roll over funds into the new precious metals IRA account.

One of the standout features of Lear Capital is its commitment to transparency and control. Investors can use an online account portal to keep track of their precious metal investments in real-time, ensuring constant awareness of their investment standing.

Understanding Lear Capital’s Shipping and Transaction Agreement

Lear Capital ensures a safe and secure ordering environment, providing real-time tracking for the shipment of precious metals. These can either be shipped directly to the customer or stored at a facility. Payment can be made by wiring money over the phone or mailing a check, with wire transfers suggested to expedite the process.

Precious metals purchased from Lear Capital can be stored at the Delaware Depository, an IRS-approved facility with a longstanding reputation since 1999. Additionally, Lear Capital’s annual charges include the cost of storage and insurance, along with the benefit of 24/7 online account access.

Lear Capital Pricing Structure Unveiled

Transparency is a hallmark of Lear Capital’s pricing structure. The company ensures investors are fully aware of all fees quoted before the final purchase, providing a clear understanding of costs. New accounts are charged a first-year fee of $280, which decreases to an annual fee of $200 from the second year onwards. This fee covers the maintenance of the account, storage, insurance, and online accessibility. Lear Capital also provides multiple fee waivers based on investment amounts, offering incentives for investors to commit larger sums.

However, it is worth noting that there have been customer reports of significant losses shortly after purchasing metals and accusations of undisclosed fees affecting their investment value. Despite these issues, the company’s uniform fee structure helps in rendering costs predictable and clear for investors strategizing their finances.

Lear Capital Charges and Costs

To further elaborate on Lear Capital’s fee structure, an initial setup fee of $280 is charged for the first year to establish an IRA account. This fee encompasses account maintenance, storage, insurance, and online access. From the second year onwards, the annual maintenance fee is reduced to $200.

Customers may also incur commissions on precious metals purchases, which are included in the total cost structure. To assist investors in minimizing costs, Lear Capital ensures fee transparency through their three-step Price Advantage Guarantee and occasionally offers promotions such as free IRA setup and storage.

Price Match Guarantee and Its Advantages

Lear Capital is proud to offer a Price Match Guarantee as part of their precious metals IRA services, with all gold and silver prices published online. This commitment to transparency is further reflected in the company’s Price Advantage Guarantee, which includes a clear three-step process: a Written Account Agreement, a Phone Confirmation, and a Written Confirmation of the purchase.

Additionally, if investors find lower prices within 24 hours of placing an order, Lear Capital is committed to match or beat those prices, ensuring competitive pricing for the customer. Under certain conditions, Lear Capital’s Price Match Promise will match the price of competitors, further solidifying their unique position in offering a ‘Price Advantage Guarantee’.

Lear Capital’s Reputation Among Investors

Lear Capital's reputation

As for reputation, Lear Capital has earned high ratings on platforms like Trustpilot, Consumer Affairs, and Google, which reflects its strong standing among investors. Further testament to its credibility, Lear Capital is a charter member of the Business Consumer Alliance with an esteemed AAA rating, indicating a high level of customer satisfaction. Customers frequently commend Lear Capital for its knowledgeable and helpful representatives, highlighting the company’s focus on excellent customer service. However, despite these positive Lear Capital reviews, the company has faced criticism for alleged predatory sales tactics, particularly targeting senior citizens and military veterans. There have also been reports of difficulty in obtaining refunds or receiving the purchased precious metals, raising concerns about the company’s service and fulfillment reliability.

Furthermore, Lear Capital has had a history of legal action against it, which calls attention to previous disputes related to their sales practices.

Positive Feedback and Areas for Improvement

While Lear Capital has received a substantial amount of positive feedback, there are also areas for improvement. Customers have praised the company for its professional and knowledgeable service and have expressed a high level of trust in Lear Capital’s representatives. The company’s significant sales of up to $3 billion underline its credibility in the precious metals market. Lear Capital also has a strong presence on Trustpilot, with a high number of positive ratings averaging 4.8 out of 5 stars. The company has been awarded an A+ rating by the Better Business Bureau, indicating a high level of credibility among businesses in the industry.

Despite these positive reviews, there have been allegations suggesting that Lear Capital’s sales personnel may need to provide more transparent explanations about terms and fees. In addition, there are suggestions for improvements to Lear Capital’s website to make its unique features and services more easily identifiable.

Comparing Lear Capital to Other Gold Companies

When comparing Lear Capital to other gold companies, it’s important to consider the unique features that each company offers. Lear Capital stands out with its variety of precious metal products including coins, bullion, and IRA eligible metals, whereas some competing firms may have a more limited selection. While Lear Capital provides customer support and educational resources, other companies may offer different or enhanced support services tailored to individual investor needs.

The fee structure of Lear Capital includes a price match guarantee, which is competitive against some, but not all, gold companies varied pricing strategies and transparency levels. In terms of reputation, Lear Capital has built a solid one with positive reviews, although they are not the only company in the industry with high client satisfaction ratings.

The Pros and Cons of Choosing Lear Capital

It’s vital to consider the pros and cons when choosing Lear Capital for your precious metals IRA. Customers have commended Lear Capital for:

The company also presents investing in precious metals as a stable hedge against the volatility of market fluctuations and economic risks. On the flip side, Lear Capital has a documented history of legal issues, which includes:

It’s also worth mentioning that Lear Capital does not provide financial advice or retirement planning services, which can be seen as a limitation by investors seeking comprehensive financial guidance.

The Benefits of Investing with Lear Capital

There are several benefits to investing with Lear Capital. Personal testimonials from customers frequently highlight the professionalism, knowledge, and helpfulness of the company’s representatives. Lear Capital assists clients in developing tailored diversification strategies that optimize asset allocation within their precious metals portfolios.

The company’s physical gold, silver, platinum, and palladium offerings act as a safeguard against inflation and economic disturbances. The average annual returns of gold over the past 100 years have been around 4.5%, demonstrating the potential of precious metals as a long-term investment.

Potential Drawbacks to Consider

Despite the many benefits of investing with Lear Capital, potential drawbacks should also be taken into account. The company has a documented history of legal issues, which includes:

Investors also face potential drawbacks in Lear Capital’s pricing structure, where the buyback prices are lower than sell prices, requiring significant appreciation of metals for profit upon liquidation. Another limitation is that Lear Capital does not provide financial advice or retirement planning services, which some investors may view as a disadvantage.

Lear Capital Offers and Promotions

Lear Capital offers special promotional pricing on select coins, such as Canadian Maple Leaf Gold Coins, American Eagle Silver Coins, and American Gold Eagle Coins, to attract and retain customers. New customers are incentivized with a $100 Precious Metals Certificate for a premium purchase of $5,000 or more, and a $50 Precious Metals Gift Card for a bullion purchase of the same amount, both applicable to future purchases. In addition to these incentives, Lear Capital offers a customer-centric no-fee buy-back program, where they will buy back coins at market price, enhancing the selling experience for investors. Subscribing to Lear Capital’s newsletter can provide customers with special offers and promotions, fostering ongoing engagement. With these features, many investors wonder, “Is Lear Capital legit?” and the answer is yes, as they provide a reliable and customer-focused service.

However, beyond the new customer incentives, no additional promotions or loyalty rewards were identified specifically for returning customers.

Exclusive Deals for New and Returning Customers

Lear Capital provides special coupon codes which customers can redeem to receive discounts on select items like gold and silver coins. Customers who subscribe to Lear Capital’s newsletter gain access to exclusive deals and promotional offers.

However, there are currently no specific loyalty rewards or exclusive deals designated for returning customers at Lear Capital. Nonetheless, Lear Capital does offer a promotion of free IRA setup and storage for precious metals IRAs, which benefits both new and established customers.

Understanding the Fine Print

When it comes to understanding the fine print of Lear Capital’s offers and promotions, the company provides coupon codes to be used at checkout on their website. These discount codes are released variably, often relating to special times of the year or seasons. Promotions and discount codes can also be found through their social media accounts and by subscribing to their newsletter.

The $100 Precious Metals Certificate and $50 Gift Card require a minimum purchase of $5,000 and are credited towards future purchases. To benefit from these new customer incentives when purchasing precious metals, customers must contact a representative as these incentives are not automatically applied.

Additionally, Lear Capital offers a 24-Hour Risk-Free Purchase Guarantee, giving customers the option to return their purchases within that period if unsatisfied.

Making Sense of Precious Metals Investment with Lear Capital

Diversification with precious metals

Lear Capital offers a comprehensive service for those interested in investing in precious metals. The company caters to investors looking to diversify their portfolios with precious metals, offering specific services tailored for this asset class.

Investors can access Lear Capital’s online precious metals marketplace and use the full-service self-directed IRA account for their investment needs.

Diversification and Risk Tolerance

Investing in precious metals with Lear Capital provides considerable diversification, mitigating overall risk by offsetting the volatility of conventional assets such as stocks and bonds. Lear Capital assists clients in developing tailored diversification strategies that optimize asset allocation within their precious metals portfolios. The company’s precious metals, historically, demonstrate resilience during times of economic uncertainty, appealing to investors with different risk tolerances.

Additionally, rare coins offered by Lear Capital can serve as a long-term hedge against inflation, adding a unique form of diversification to an investor’s portfolio.

Physical Metals vs. Paper Assets

Lear Capital provides the chance to invest in physical metals like coins and bars, which offer a form of tangible investment. Physical precious metals convey a sense of security and can add diversification to an investment portfolio, differentiating them from paper assets. Lear Capital’s tangible gold, silver, platinum, and palladium offerings act as a safeguard against inflation and economic disturbances.

The company’s commitment to transparency includes offering real-time pricing, providing an added layer of confidence when investing in physical assets over paper assets. Lear Capital’s bullion programs for gold and silver emphasize physical asset ownership for direct wealth conservation, as opposed to paper representations. Investors can benefit from the resilience of Lear Capital’s physical coins, bars, and bullion products during economic downturns compared to paper money.

Lear Capital Stands Out: Unique Features and Services

Lear Capital's unique features

The unique features and services of Lear Capital truly distinguish it from others. The company offers:

Investors are provided with the following benefits:

These benefits give customers trust in the fair pricing and monitoring of their investments.

Lear Capital’s Educational Commitment

Lear Capital is dedicated to equipping customers with the necessary resources to make informed decisions when it comes to education. The company provides a suite of educational materials including:

The company offers a detailed coin encyclopedia on its website, providing access to extensive information about rare and premium coins, aiding collectors and investors in making informed decisions. Lear Capital extends personalized educational support through one-on-one consultations, assisting investors in developing a precious metals portfolio that aligns with their individual investment goals and risk preferences.

Secure Depository Options

Regarding secure storage, Lear Capital exceeds expectations. Precious metals acquired through Lear Capital are stored securely at the Delaware Depository, which is equipped with advanced security systems and enjoys the coverage of insurance by Lloyds of London. The Delaware Depository is an IRS-approved storage facility, establishing it as a secure and reputable option for the safekeeping of precious metals in IRA accounts.

In addition to standard security measures, Lear Capital also offers segregated storage options to clients, meaning that each investor’s holdings are individually stored and are not mixed with those of other investors.


In conclusion, Lear Capital offers a comprehensive suite of services and products for investing in precious metals. With a strong reputation in the industry, a diverse range of investment options, a commitment to customer service, and a focus on education and transparency, Lear Capital is a worthy consideration for those looking to diversify their portfolios with precious metals. However, it’s crucial to remember that each individual’s investment goals and risk tolerance vary, and thorough research is essential before committing to any financial investment.

Frequently Asked Questions

What are the complaints against Lear Capital?

Lear Capital has been accused of fraudulent charging undisclosed commissions on sales and violating New York laws, which require commodity broker-dealers and telemarketers to register with the state. This resulted in the company accruing millions of dollars of fees and revenue at the expense of investors.

Is Lear Capital trustworthy?

Yes, Lear Capital is considered trustworthy based on its AAA rating with the Business Consumer Alliance, its status as a PCGS Authorized Dealer, and its positive customer satisfaction rating.

Is Lear Capital still in business?

Yes, Lear Capital is still in business and remains an active participant in the precious metals industry.

How quickly can I set up a Precious Metals IRA account with Lear Capital?

You can set up a Precious Metals IRA account with Lear Capital within 24 hours upon submitting the application, which only takes around 10 minutes to complete.

What are the annual maintenance fees for a Lear Capital IRA account?

The annual maintenance fee for a Lear Capital IRA account is $200 after the first year, with an initial setup fee of $280 for the first year.