Lear Capital Reviews

What is Lear Capital?

Lear Capital specializes in the sale of precious metals like gold, silver, platinum, and palladium. Kevin DeMeritt created the company in 1997, and it is situated in Santa Monica, California. Lear Capital provides a wide range of precious metal goods, including coins, bars, and bullion. They also provide services like IRA rollovers and precious metal storage.

It has a staff of competent and qualified precious metal specialists. They can offer advice and assistance to investors interested in buying precious metals. The company’s goal is to assist investors diversify their portfolios and protect their wealth by investing in precious metals, which are considered safe-haven investments.

People Behind Lear Capital:

Kevin DeMeritt formed Lear Capital and serves as its Chairman. DeMeritt has more than 30 years of experience in the precious metals sector. The company’s CEO is John Ohanesian.

He has over 25 years of senior executive experience in a wide range of industries, including finance, healthcare, and retail. Ohanesian is also notable for turning the hair restoration company Bosley into a global brand. Jeremy Jason is in charge of customer relations.

Raymond Carter and Steven Jason are both customer service specialists. All of them are committed to delivering excellent help and guidance to clients.

Lear Capital has a team of seasoned precious metal professionals who advise and support clients. These specialists have expertise in finance, economics, and precious metals and have been trained to provide expert advice on precious metal investing.

The company also has a board of directors, which consists of people with different experience in business, finance, and law. The board is in charge of overseeing and guiding the firm’s management team, as well as ensuring that the organization follows its values and objectives.

How Do I Invest in a Lear Capital IRA?

Lear Capital provides Individual Retirement Account (IRA) services to investors who desire to include precious metals in their retirement portfolios.

To invest in a Lear Capital IRA, follow these general steps:

To open a Lear Capital IRA account, visit their website and fill out the application form. You will also need to give identification documents and other personal information in order to set up your account.
To fund your account, transfer cash from an existing IRA or rollover from a qualified plan. Lear Capital can aid with this procedure, including transferring your funds.
With a funded IRA account, you can choose precious metal goods to invest in. They provide a wide selection of products. This includes gold, silver, platinum, and palladium coins and bullion, as well as rare coins and numismatics.
After selecting your desired products, you can finalize your transaction with Lear Capital. The organization will then handle the transport and storage of your precious metals.
Lear Capital Products:

Lear Capital deals in precious metals. This corporation provides a variety of items, including gold, silver, and platinum.

They offer the following products:

Gold Bars and Coins: $10 Liberty Gold Coin, $20 Liberty, $5 Liberty Gold Coin, American Gold Eagle Coin (all sizes), Gold Polar Bear & Cub, Gold 10 Ounce Bar, Gold American Eagle Proof, Gold Australian Kangaroo, Gold Snowy Owl Coin, Canadian Maple Leaf Gold Coins, Gold Krugerrand (1 oz), Austrian Vienna Philharmonic Gold, Gold British Sovereign Coins, The Canadian Royal Mint, and many more.
Silver bars and coins include the American Eagle Silver Coin, Canadian Silver Maple Leaf Coin, Morgan Silver Dollar, American Silver Eagle, Canadian Silver Polar Bear Coin, Silver Rounds (1 oz), and more.
Platinum Bars and Coins: 1 oz. (Varies), Platinum Canadian Maple Leaf, Platinum American Eagle, and numerous others.

In addition to these products, Lear Capital offers a variety of valuable and special coins. Examples include the Silver Polar Bear, Silver Grizzly Bear, Silver Snow Falcon, Silver Arctic Fox, Silver Orca Coin, Silver Spirit Bear, and more. They also provide IRAs for precious metals investments.

Lear Capital Fees and Charges

Lear Capital’s minimum investment is $25,000. However, the website does not specify whether that amount has increased since then. Lear Capital imposes a variety of fees and levies for its products and services, including:

Customers who purchase actual precious metals through Lear Capital’s storage program incur an annual storage cost of $180 per account. This cost includes storage, insurance, and 24/7 access to an online account.
Lear Capital charges commissions for purchasing precious metals. These vary according to the goods and quantity purchased. Commissions might range from 1% to 5% or more, with higher rates for less common or niche items.
Also, Lear Capital charges storage fees for gold and other precious metal transactions. That will depend on the amount and type of metal being stored. These costs may vary according to market circumstances and other factors.
Additional costs may apply if Lear Capital provides additional services. Examples include account transfers, wire transfers, and special delivery orders.

Their website does not include any prices and fees. So, before investing, always check with customer service executives about better pricing. Before investing, you should thoroughly study and understand all fees and charges connected with any investment or financial instrument.

Lear Capital Review and Complaints On Other Platforms:
Google reviews:

Lear Capital has received 4.7 out of 5 stars based on user evaluations on Google. There are 367 customer reviews on Google. The majority of them are favorable, with customers complimenting the company’s exceptional customer service, professionalism, and knowledge.

TrustLink:

Lear Capital has received 4.5 out of 5 stars from 325 customer reviews on TrustLink. The majority of the reviews are good, with customers complimenting the company’s customer service, knowledge, and prompt shipping.

Yellow Pages:

On Yellow Pages, Lear Capital has a 5-star rating based on one customer review. The review was positive. The consumer praises the company’s knowledgeable and friendly employees, speedy shipment, and competitive pricing.

Business Consumers Alliance (BCA):

Lear Capital continues to receive 5-star ratings on BCA, with only 5 client reviews. The review was positive. The customer praised the company’s services. They have a AAA company rating on the BCA website.

Better Business Bureau (BBB):

Lear Capital now holds a A rating on the Better Business Bureau website. Based on 18 customer reviews, the company received 2.56 stars out of a possible 5 stars. There have been both positive and bad reviews. They have 25 years of experience in the field. Over the last three years, 38 complaints have been closed. This company is also not accredited by the Better Business Bureau, according to the website.

Yelp:

Lear Capital has a rating of 3.5 stars out of 5 on Yelp, based on 58 reviews. Reviews contain a mix of good and negative consumer reviews.

ConsumerAffairs:

On Consumer Affairs, Lear Capital scored 4.7 stars out of 5 based on 1179 customer reviews. The majority of reviews are positive, with customers praising the company’s customer service, knowledge, and timely delivery.

Trustpilot:

Lear Capital has received 4.8 out of 5 stars from customers on Trustpilot. There are 1,286 customer reviews on the website, the majority of which are favorable, with customers praising the company’s great customer service, professionalism, and knowledge.

Lear Capital Review: Conclusion

Lear Capital is a respected organization with multiple decades of industry experience. The company specializes in gold IRAs and collectible precious metals products. Their large variety of products ensures that there’s something for everyone. Working with them might be a smart choice for IRA investors.