Lexi Capital Gold IRA Review
Lexi Capital are based in Raleigh, North Carolina and have been in operation since 2010. As one of the newest companies to provide Gold IRA’s and rollovers they certainly have a lot of catching up to do compared to other gold IRA companies.
But even newer companies can come up with much better services than some of the more established companies and we’ve done our research to see whether Lexi Capital have met the expected grade for your retirement investment.
For most companies who provide gold IRA’s you can get a very quick insight into their competence by checking to see whether they have ratings with the BBB, BCA & Trustlink. And the following are the ratings for Lexi Capital.
Business Consumer Alliance (BCA): No rating available.
Better Business Bureau (BBB): A- Rating
Lexi achieved their BBB rating in 2012 and currently it sits at an A- rating. BBB ratings are based on 16 different factors so an A- rating is good but not the best which is an A+. The likely reason for the A- rating is the 1 complaint registered against them since 2012. This was a ‘delivery issue’ and was quickly resolved by Lexi Capital
Trustlink: 5 stars from 2 reviews.
Trustlink Reviews Breakdown: With only 2 reviews from which to make a subjective appraisal of their services we could not give any real credence to what we found. One review is from January 2014 and the other is from 2011.
For any service offering gold IRA services it’s critical and imperative to read as many reviews as possible from existing and past customers. But unfortunately Lexi Capital do not have sufficient reviews and even the Client Testimonials page on their website does not show any meaningful testimonials.
Account Setup & Misc. Fees
- Account setup: $25
- Annual account fee: $60
- Paper Statements: $20
- Late fee: $15
Precious Metals Storage Fees
- Commingled precious metals storage: $100 if value of gold is less than $250,000. $1 per $1,000 of gold value stored if greater than $250,000 is stored.
- Segregated precious metals storage: $2 per $1,000 of gold value stored. With a minimum of $200 in fees.
Lexi Capital use a company called Self Directed IRA Services to act as the custodian for the self-directed IRA. And the physical gold is stored with the Delaware Depository Service Company. When you contact Capital Gold to setup a Gold IRA they will deal with all the necessary paperwork and all you’ll have to do is sign it all off.
And once all the paperwork is complete your gold will be delivered within 5 – 21 business days of payment to Lexi Capital for the physical gold. To fully understand the gold IRA process, Lexi Capital group have prepared a downloadable guide on the whole IRA process.
Customer Testimonials Lexi Capital do not have any testimonials that relate to their gold IRA services. The 2 testimonials found on the Trustlink website relate directly to gold bullion purchases.
Both Testimonials were very complimentary to Lexi Capital, but gold IRA’s are completely different and require a lot more help and advice. So without anything relative to gold IRA’s the existing testimonials do not give us any insight into how preofessional Lexi Capital are with respect to their gold IRA services.
Are Lear Capital the right gold IRA company for you?
Lexi Capital have a very professional website and was started by some very educated and professional people. However, in the real world of gold IRA provision it’s imperative you entrust your hard earned retirement with a company who have a lot more experience which Lexi Capital do not appear to have right now. And they make a very bold statement on their website: America’s #1 Gold IRA Conversion Specialist, but they have a long way to go before they can truly deserve that title.
In the meantime we suggest you seriously consider a company like Regal Assets to take care of your gold IRA/gold IRA rollover & gold 401k /gold 401k rollover needs.
See more details about Regal Assets below or read our detailed Regal Assets review here.
We Recommend REGAL ASSETS for Your Gold IRA
(Call Regal on 1-866-525-4394)
Why Choose Regal Assets?:
- A+ rating from the Better Business Bureau.
- AAA rating with Business Consumer Alliance.
- 5 star Customer Service rating from Trustlink AND Preferred Membership Status. (Just check the sheer volume of Testimonials they have here.)
- No IRA fee for the first year and then one small flat fee for subsequent years. (Investments of $10,000+)
- 7 day delivery on any gold investment purchases.
- Gold buy-back policy. And they buy back gold at market rates which a lot of other companies don’t do.
- Very patient, courteous & professional on the phone.
- FREE portfolio analysis
Call Regal Assets on 1-866-525-4394