
Lear Capital Reviews
- We require contact information to ensure our reviewers are real.
- Our moderators read all reviews to verify quality and helpfulness.
- We use intelligent software that helps us maintain the integrity of reviews.
+2 more
About Lear Capital
Lear Capital has been involved in the precious metals industry since 1997, and it's now completed more than $3 billion in transactions. It can help you buy, sell and trade bullion, rare coins and physical gold and silver. It also offers a Price Advantage Guarantee for added transparency.
- In business a relatively long time
- Transparent pricing
- Full-service gold dealer
- 24-hour risk-free purchase guarantee
- Website can be hard to navigate
- Only one depository option
Featured Reviews
Gold IRA disclaimer
Gold and other precious metal IRAs are an investment and carry risk. Consumers should be alert to claims that customers can make a lot of money in these or any investment with little risk. As with any investment, you can lose money and past performance is not a guarantee of future performance results. Consumers should also obtain a clear understanding of the fees associated with any investment before agreeing to invest.
What is Lear Capital?
Lear Capital can help you diversify your investment portfolios with precious metal bullion (coins and bars by weight), numismatic coins and precious metal IRAs. To help you make informed decisions, Lear Capital also provides real-time guidance and access to daily and weekly updates.
How does Lear Capital work?
Establishing a precious metals IRA with Lear Capital is a convenient way to diversify your portfolio. To begin, a dedicated account team member walks you through the application process, which takes about 10 minutes to complete. Once the application is processed and approved, your account is set up within 24 hours.
Lear Capital then reaches out to your current IRA custodian on your behalf to arrange for the tax-free rollover of your funds. The funds are transferred via bank wire and deposited into your new precious metals IRA.
You can then arrange to buy precious metals for your IRA. Lear Capital offers a three-step Price Advantage Guarantee for every transaction, which provides you with a written account agreement, a phone confirmation and a written confirmation. All IRA metals are stored in an IRS-approved vault courtesy of Delaware Depository. The metals are backed with a comprehensive insurance policy from Lloyd’s of London, too.
Lear Capital products and services
Lear Capital offers a variety of products and services, including:
- Self-directed IRAs: You can transfer funds or roll over portions of an existing IRA into a precious metals IRA. Your physical metals are stored in a private storage facility, but you get the same tax advantages as you would with a normal IRA.
- Precious metals: You can buy rare coins and gold, silver and platinum bullion (including IRA-eligible products) on Lear Capital’s website. However, its online store is down at the time of publishing.
Lear Capital also has a comprehensive resource library that includes a precious metals encyclopedia, market charts and free guides on precious metals and retirement accounts.
Lear Capital cost
Lear Capital charges a flat $200 annual fee for self-directed IRAs and no other fees. This includes storage, insurance and 24/7 account access online. Pricing for individual gold, silver and platinum products varies over time, so it’s a good idea to check Lear Capital’s website or call to see the latest information.
Lear Capital FAQ
Which coins are IRA-eligible?
A full list of Lear Capital’s IRA-eligible coins can be found on its website. In general, gold bullion must be at least 99.5% pure, silver bullion must be 99.9% pure, and platinum bullion must be 99.95% pure.
How can I track the performance of my Lear Capital portfolio?
With Lear Capital, your IRA custodian, Self Directed IRA Services, Inc., will offer a website with 24/7 access to your portfolio’s performance. Lear Capital also provides quarterly statements that can be mailed directly to your home address.
Where are my metals stored with Lear Capital?
Lear Capital stores client metals with Delaware Depository, which is an IRS-approved depository. The depository also provides a comprehensive insurance policy underwritten by Lloyd’s of London.
Can I make contributions to my Lear Capital account?
Yes, you can set a recurring schedule to have your contributions automatically transferred into your precious metals IRA
Did Lear Capital file for bankruptcy?
Yes, Lear Capital filed for bankruptcy in 2022. Lear Capital completed a Chapter 11 reorganization in 2024 and restructured its finances, allowing it to continue operating. Following the reorganization, Lear Capital made changes to improve transparency and customer experience. Since those changes, its customer reviews have become more positive.
At the time of the filing, the company was being investigated by state securities regulators for deceptive practices and misleading marketing. As part of a settlement, it agreed to pay $5.5 million to compensate affected investors.
Is Lear Capital legit?
Working with Lear Capital to diversify your investment portfolio can be a smart choice. It offers bullion, numismatic coins and self-directed IRAs, so you have multiple options for investing in precious metals. Lear Capital also provides market data, insights and price notifications to help you protect and grow your investments, and this info is important if you want to be an active investor.
Lear Capital Reviews
Filter by Rating
- (1,338)
- (140)
- (33)
- (30)
- (77)
Popular Mentions
- 4,878,129 reviews on ConsumerAffairs are verified.
- We require contact information to ensure our reviewers are real.
- We use intelligent software that helps us maintain the integrity of reviews.
- Our moderators read all reviews to verify quality and helpfulness.
A link has directed you to this review. Its location on this page may change next time you visit.
- 4,878,129 reviews on ConsumerAffairs are verified.
- We require contact information to ensure our reviewers are real.
- We use intelligent software that helps us maintain the integrity of reviews.
- Our moderators read all reviews to verify quality and helpfulness.
Lear Capital Company Information
- Social media:
- Company Name:
- Lear Capital
- Company Type:
- Private
- Year Founded:
- 1997
- Address:
- 1990 S. Bundy
- City:
- Los Angeles
- State/Province:
- CA
- Postal Code:
- 90025
- Country:
- United States
- Website:
- www.learcapital.com
