Merit Gold IRA Review
Merit, located in Santa Monica, is another trusted name within the precious metals industry. They have been around since 1986 so they know a thing or two about the gold market, having seen the highs and lows over the years.
Their website doesn’t have a great deal of information about gold IRA’s and although that’s not necessarily a bad point it could indicate that they concentrate more on gold bullion sales as opposed to also being very experienced with precious metals IRA.
But how do they rate when it comes to Business Accreditations & Customer reviews?
Business Consumer Alliance (BCA): AAA Rating (And 66 complaints in the last 3 years.)
Click Here to see Merit BCA rating profile.
Note: Although they have a AAA rating with the BCA it’s also a little concerning to see a total of 66 complaints registered against them, with 7 of those being registered in 2013. It’s worth noting that all the complaints were dealt with by Merit and details of all the complaints can be found here.
Better Business Bureau (BBB): No rating available.
Click Here to see Merit BBB rating profile.
Trustlink: 5 stars out of 5 from 640 Customer Reviews.
Click Here to see Merit Trustlink rating profile.
Most companies are up front about their IRA fees and post them on their website. However, Merit do not post any fees relating to their IRA so you will need to contact them for that information.
It’s important to note that some companies will charge fees based on the amount of gold you are storing compared to a more attractive and money-saving ‘flat fee’ which can be enjoyed with companies like Regal Assets.
For each company we review we like to provide a number of testimonials from customers as seen on the independent website Trustlink. A large majority of Merit reviews are related to non-IRA transactions but we did find a few IRA testimonials as follows:
Testimonial 1: “1st I would like to say my Rep Michael Goldstein is Awesome! He has been a Pro all thru my process of opening my IRA’s with Merit. I believe he is a very positive asset to the Company! When I received my 1st order I quickly called him to let him know how
pleased I was with The packaging and the quality of coins sent! I truly can not be more happy with him and the Company. I trust our relationship will continue to grow! Thanks Michael for being such a Pro and to all that is in the back office.”
Testimonial 2: “I have the pleasure of dealing with Merit Financial regarding my wealth management. I rolled over my traditional IRA into precious metals with the assistance of Sean and Frank Johnson. These two gentlemen helped make a tedious procedure seem easy. They guided me through the process from conception to close ensuring flawless activity. I had the benefit of being well educated regarding asset allocation that best reflected my long term financial health. Sean ensured that my wife and I were aware of pitfalls in investment strategies. Frank further helped us secure metals for our personal cash. Between these two well educated investors, we were fully supported during our investment process.”
Are Merit the right gold IRA company for you?
When looking for a gold IRA company you should ensure the company has a good track record with providing IRA’s and possess a good track record with customer feedback. It’s clear that Merit still have some work to do when it comes to customer complaints in general. Even if most of the complaints are not IRA related it’s a little unsettling to know that so many complaints have been filed, compared to other companies we have reviewed.
Ultimately Merit still made our Top 10 list of gold IRA companies for a reason and if after having spoken with the companies from our Top 3 list of gold IRA companies and you are still not happy, then you should contact Merit.
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