- Miles Franklin Precious Metals is a trusted investment company that offers a range of services and products for investing in precious metals.
- They provide Precious Metals IRAs, allowing investors to diversify their portfolios and partner with reputable institutions such as Brinks and NewDirection Trust Company for custodial services.
- Miles Franklin offers a variety of precious metals options, including silver, gold, palladium, and platinum, as well as IRA-permissible precious metals and collectible gold alternatives.
- The ordering process with Miles Franklin is personalized, with options for phone and email orders, ensuring a personal touch in the communication and transaction process.
- Miles Franklin has received positive feedback from reputable sources, and it is worth comparing their services with other alternative precious metals companies such as Augusta Precious Metals, American Hartford Gold, and Goldco.
- In conclusion, Miles Franklin is a trusted and established precious metals dealer with a wide range of offerings and a strong reputation in the industry.
Introduction: • Miles Franklin
3.7/5 Ratings
Miles Franklin has established itself as a trusted asset management company, specializing in a wide array of precious metals such as gold, silver, platinum, and palladium. Known for its commitment to customer satisfaction and transparency, Miles Franklin caters to individual investors seeking to diversify their portfolios with physical bullion and coins, including options for precious metals IRAs.
This Miles Franklin precious metals review finds their customer service, pricing, product variety, and overall reliability, offering insights into whether the firm is the right choice for your precious metals investment needs.
Pros and Cons
Pros
✅They’re rather reliable; they’ve been in business for greater than thirty years.
✅Client service was phenomenal, positive, and timely.
✅Perfect for novices, in addition to seasoned ones.
✅No warnings like on trustpilot.com, ripoffreport.com, etc.
✅Uses individual retirement account services
Cons
❎There aren’t numerous on the internet client evaluations.
❎The firm has no rate details on its internet site.
❎Can not purchase online
Miles Franklin Overview
Miles Franklin stands out in the precious metals industry as a reputable asset management firm headquartered in Minnesota, with a robust presence in the market since its establishment.
Specializing in a diverse range of precious metals including gold, silver, platinum, and palladium, Miles Franklin caters to both individual investors and institutional clients across North America.
Known for its extensive inventory of coins and bullion, Miles Franklin offers options for direct purchase or inclusion in individual retirement accounts (IRAs), catering to diverse investment strategies. The company prides itself on transparency and compliance with regulatory standards, bolstering its reputation as a trusted partner in wealth preservation.
With a commitment to customer education and personalized service, Miles Franklin aims to provide secure, reliable, and strategic opportunities for investors looking to hedge against inflation, diversify portfolios, or safeguard wealth in uncertain economic landscapes
To sum up, At Miles Franklin, we recognize the importance of supplying a variety of investments to our investors. So, we offer a selection of bars, coins, and collectibles made of silver, gold, palladium, and platinum. This allows investors to diversify their portfolios and pick the type that is right for them.
Is Miles Franklin Legit?
Miles Franklin is widely regarded as a legitimate and reputable company within the precious metals industry.
One of the key indicators of its legitimacy is its accreditation and high ratings from credible sources such as the Better Business Bureau (BBB), where Miles Franklin holds an A+ rating. This reflects not only the company’s commitment to ethical business practices but also its consistent delivery of quality customer service and product reliability.
In addition, Miles Franklin is known for its transparency in pricing and fees, providing clear information to customers about the costs associated with purchasing and storing precious metals. The company also adheres to regulatory compliance standards set by government agencies, ensuring that all transactions meet legal requirements.
With a focus on customer satisfaction and education, Miles Franklin continues to be a trusted choice for individuals and institutions looking to invest in precious metals for wealth preservation and diversification.
Miles Franklin Fees
Miles Franklin applies transparent and competitive fee structures for its precious metals transactions, catering to both individual and institutional investors. Typically, fees can vary based on the type and quantity of metals purchased, also the method of payment and delivery.
For instance, purchases made via wire transfer may incur lower fees compared to credit card payments due to processing costs. In addition, storage fees apply for clients opting to safeguard their metals in Miles Franklin’s secure facilities.
These fees are generally assessed on an annual basis and vary depending on the quantity and type of metals stored. Clients should expect to pay storage fees ranging from approximately $100 to $300 per year per storage account, with specific rates dependent on the market value and location of the metals.
Overall, Miles Franklin aims to maintain transparency in its fee structures, ensuring customers are fully informed about the costs associated with purchasing, shipping, and storing precious metals.
How to Open an Account with Miles Franklin
Opening an account with Miles Franklin to start investing in precious metals is a straightforward process designed to ensure ease of access for investors. Below are the detailed steps to guide you through opening an account with Miles Franklin:
- Initial Inquiry and Consultation: To begin, prospective clients can initiate the account opening process by contacting Miles Franklin directly via phone or through their website. A dedicated representative will assist in understanding your investment goals, discussing product options such as gold, silver, platinum, or palladium, and explaining the various services available.
- Account Setup and Documentation: Once you have decided to proceed, Miles Franklin will guide you through the necessary paperwork to open your account. This typically includes completing an application form that details personal information and investment preferences. You may also need to provide identification documents for compliance purposes.
- Selecting Products and Services: During the account setup phase, you’ll have the opportunity to choose the specific precious metals products you wish to purchase. Miles Franklin offers a range of options, including coins, bars, and bullion, also services like storage solutions and options for including metals in individual retirement accounts (IRAs).
- Payment and Transaction Execution: After completing the necessary documentation and selecting your desired products, you’ll proceed with payment. Miles Franklin accepts various payment methods such as wire transfers, checks, and credit cards (with applicable fees). Once payment is confirmed, the transaction will be executed promptly, and your metals will be secured or shipped as per your instructions.
- Confirmation and Account Management: Upon successful completion of your purchase, Miles Franklin will provide confirmation of the transaction and details regarding the storage or delivery of your precious metals. You will also receive information about ongoing account management, including options for monitoring your investments and accessing customer support for any inquiries or assistance needed.
By following these steps, opening an account with Miles Franklin is a streamlined process that ensures clarity, security, and personalized service throughout your investment journey in precious metals.
By joining forces with these two well-known firms, Miles Franklin can offer its customers a reliable and compliant storage solution for their precious metals investments.
Miles Franklin Bonus Offer
Miles Franklin periodically offers bonus promotions and special offers to enhance the value proposition for its clients interested in investing in precious metals. These bonuses may include incentives such as discounted or waived fees on select purchases, promotional pricing on specific products like coins or bars, or complementary services such as reduced storage fees for a limited period.
These offers are typically communicated through Miles Franklin’s official website, email newsletters, or direct communication with their customer service representatives. Clients interested in taking advantage of these bonus offers should stay informed about current promotions and periodically check for updates to maximize their investment potential with Miles Franklin.
Miles Franklin Offerings
Miles Franklin provides a comprehensive array of offerings tailored to meet the diverse investment needs of its clients in the precious metals market.
Whether you’re considering a Precious Metals IRA for long-term wealth preservation, purchasing physical gold for portfolio diversification, acquiring coins for numismatic value, or investing in bullion for intrinsic metal content, Miles Franklin offers a range of products and services to cater to your specific investment goals.
Precious Metals IRA
Miles Franklin facilitates Precious Metals IRAs, allowing individuals to diversify their retirement portfolios with physical gold, silver, platinum, and palladium. These IRAs provide a tax-advantaged way to hold precious metals, offering protection against inflation and market volatility.
Clients can select from a variety of IRS-approved coins and bullion products, with Miles Franklin guiding them through the setup process and ensuring compliance with all IRS regulations governing precious metals IRAs.
Buying Physical Gold
Investors interested in purchasing physical gold can choose from a selection of coins and bars offered by Miles Franklin. The company provides options such as American Gold Eagles, Canadian Gold Maple Leafs, South African Krugerrands, and various gold bars of different weights and purities.
Purchases can be tailored to meet both investment and collector preferences, ensuring access to globally recognized and highly liquid forms of gold bullion.
Buying Coins
Miles Franklin offers a diverse range of coins suitable for both investment and numismatic purposes. Clients can acquire coins such as American Silver Eagles, Australian Kangaroos, Austrian Philharmonics, and other international coins known for their quality and purity.
These coins appeal to collectors and investors alike, offering a tangible asset with intrinsic value that can appreciate over time based on rarity, historical significance, and market demand.
Buying Bullion
For those seeking direct exposure to precious metals’ intrinsic value, Miles Franklin provides a selection of bullion products including bars and ingots. Clients can purchase silver, platinum, and palladium bullion in various sizes and weights, sourced from reputable mints and refineries around the world.
Bullion investments offer a straightforward way to own physical metals with high purity levels, making them ideal for hedging against economic uncertainty and preserving wealth over the long term.
Comparing Miles Franklin
When considering investments in precious metals, comparing different companies can help you make an informed decision. This section compares Miles Franklin with several notable competitors in the industry, highlighting key aspects such as product offerings, customer service, fees, and overall reputation.
Miles Franklin vs Augusta Precious Metals
Miles Franklin and Augusta Precious Metals are both respected names in the precious metals industry, each offering unique advantages to investors.
Miles Franklin stands out with its extensive inventory of coins and bullion, catering to a wide range of investment strategies and IRA options. They emphasize transparency in pricing and compliance with regulatory standards, ensuring clients feel secure in their investments.
On the other hand, Augusta Precious Metals is known for its focus on customer education and personalized service, guiding clients through the complexities of precious metals investing. They offer competitive pricing and streamlined processes for setting up Precious Metals IRAs, making them a popular choice among investors seeking simplicity and reliability.
Miles Franklin vs Goldco
When comparing Miles Franklin with Goldco, investors will find distinctive approaches to precious metals investment.
Miles Franklin excels in providing a diverse selection of precious metals products and IRA solutions, emphasizing flexibility and comprehensive customer support. They prioritize transparency in fees and market pricing, ensuring clients have clear expectations.
Goldco, on the other hand, is renowned for its specialization in gold and silver IRAs, offering robust educational resources and personalized guidance for retirement planning. They focus on IRS compliance and the long-term security of clients’ retirement funds, making them a trusted partner for investors prioritizing stability and wealth preservation.
Miles Franklin vs American Hartford Gold
Miles Franklin and American Hartford Gold both offer valuable services in the precious metals market, each catering to specific investor needs.
Miles Franklin distinguishes itself with a broad range of investment-grade precious metals, including coins and bars from reputable mints worldwide. They emphasize customer satisfaction through transparent pricing and reliable customer support, aiming to provide a seamless investment experience.
American Hartford Gold, known for its expertise in IRA rollovers and gold investments, focuses on comprehensive retirement planning solutions. They offer competitive pricing and educational resources to empower investors with knowledge about the benefits of including gold in their retirement portfolios.
Both companies prioritize client trust and satisfaction, albeit with different strengths in product offerings and service specialization.
Miles Franklin vs Birch Gold Group
Comparing Miles Franklin with Birch Gold Group reveals nuanced differences in approach and service offerings within the precious metals industry.
Miles Franklin is recognized for its extensive inventory of precious metals products, catering to both individual investors and institutional clients. They emphasize transparency in pricing and fees, ensuring clients understand the costs associated with their investments.
Birch Gold Group, renowned for its customer-centric approach and IRA solutions, offers personalized guidance and educational resources for retirement planning with precious metals. They specialize in diversification strategies and aim to protect clients’ wealth through strategic investment in gold, silver, platinum, and palladium.
Both companies prioritize client education and satisfaction, providing valuable options for investors looking to secure their financial futures with precious metals.
Miles Franklin vs Lear Capital
Miles Franklin and Lear Capital represent strong contenders in the precious metals investment sector, each offering distinct advantages to investors.
Miles Franklin distinguishes itself with a wide array of precious metals products, including coins and bullion from globally recognized mints. They prioritize transparency in pricing and customer service, aiming to build long-term relationships based on trust and reliability.
Lear Capital, known for its comprehensive IRA services and investment expertise, offers tailored solutions for retirement planning with precious metals. They provide educational resources and personalized guidance to help clients navigate the complexities of investing in gold, silver, platinum, and palladium.
Both companies emphasize security and wealth preservation through strategic precious metals investments, catering to diverse investor preferences and financial goals.
The company supplies several chances for enthusiasts and investors alike with items like silver rounds and gold bullion. And if you currently have your very own secure storage to store your rare-earth elements in Miles Franklin, they can help discover some great items to fill in your collection too.
Reviews and Ratings for Miles Franklin
When it comes to Miles Franklin, the reviews and ratings from reputable sources speak for themselves. Positive feedback and a comparison with alternative precious metals companies provide valuable insights into the company’s standing in the market. Not only that, but it is significant to remember that Miles Franklin’s positive name goes beyond customer feedback. Industry experts and professionals have also praised the company for its brilliant performance in the market.
Alternatives to Gold IRA
While a Gold IRA is a popular choice for diversifying retirement portfolios, there are several alternative investment options that can also provide stability and growth potential:
- Silver IRA: Similar to Gold IRAs, Silver IRAs allow investors to hold physical silver as part of their retirement portfolio. Silver offers lower entry costs compared to gold and can serve as a hedge against inflation and economic uncertainty.
- Platinum IRA: Investing in platinum through a Precious Metals IRA provides exposure to a rarer and more industrial metal. Platinum’s value is driven by its applications in industries such as automotive and jewelry, offering diversification benefits.
- Palladium IRA: Palladium has gained popularity as an investment metal due to its increasing industrial uses, particularly in catalytic converters. A Palladium IRA allows investors to capitalize on its unique market dynamics.
- Precious Metals ETFs: Exchange-Traded Funds (ETFs) that track the prices of precious metals such as gold, silver, platinum, and palladium offer a convenient way to gain exposure to these metals without owning physical bullion. They can be traded like stocks on major exchanges.
- Mining Stocks and Funds: Investing in stocks or mutual funds of companies engaged in precious metals mining can provide exposure to the sector’s performance. Mining stocks can be more volatile but offer potential for higher returns compared to physical metals.
- Real Estate Investment Trusts (REITs) backed by Precious Metals: Some REITs specialize in owning and managing properties that generate income from precious metals production or storage facilities. This can provide indirect exposure to the precious metals market.
- Cryptocurrency: For investors interested in alternative assets, cryptocurrencies like Bitcoin and Ethereum offer a digital hedge against economic instability and inflation. However, they come with higher volatility and regulatory uncertainties compared to precious metals.
- Collectible Coins and Numismatics: Investing in rare and collectible coins can provide a blend of numismatic value and intrinsic metal content. Collectible coins can appreciate based on rarity, historical significance, and collector demand.
- Commodities and Futures Contracts: Trading commodities and futures contracts tied to precious metals allows investors to speculate on price movements without owning physical assets. This approach requires a good understanding of market dynamics and risks.
- Traditional Stocks, Bonds, and Mutual Funds: While not directly related to precious metals, traditional investments in stocks, bonds, and mutual funds offer diversification benefits within a retirement portfolio. They can complement precious metals investments to achieve a balanced portfolio.
Exploring these alternatives allows investors to tailor their retirement portfolios based on their financial objectives, risk tolerance, and market outlook. Each option offers unique benefits and considerations, providing flexibility in building a diversified and resilient investment strategy.
Why You Should Trust Us: How We Reviewed Miles Franklin
Our review of Miles Franklin is grounded in thorough research and analysis aimed at providing our readers with reliable insights into the company’s offerings and reputation in the precious metals industry.
We meticulously gather information from multiple reputable sources, including customer testimonials, industry publications, and independent reviews, to ensure our evaluations are comprehensive and unbiased.
Miles Franklin’s long-standing presence since its inception in 1990, coupled with its strong reputation for transparency and compliance with regulatory standards, distinguishes it as a trusted partner for investors seeking to secure their financial futures with precious metals.
We highlight Miles Franklin’s commitment to customer satisfaction, evidenced by their A+ rating with the Better Business Bureau and positive feedback regarding their diverse range of products, competitive pricing, and knowledgeable customer support.
By focusing on factual accuracy and insightful analysis, we aim to empower our readers to make informed decisions when considering Miles Franklin for their precious metals investments.
Miles Franklin Final Thought
Miles Franklin stands as a distinguished asset management firm in the precious metals industry, offering a robust selection of gold, silver, platinum, and palladium products. Their extensive experience since 1990, coupled with an A+ rating from the Better Business Bureau, underscores their reputation as a trustworthy partner in wealth preservation.
Whether safeguarding against inflation, diversifying investments, or planning for retirement, Miles Franklin’s dedication to quality service and comprehensive product offerings makes them a compelling choice for investors seeking stability and growth in uncertain economic climates.
Some Facts About Miles Franklin Precious Metals Review:
✅ Miles Franklin is a full-service business and low-cost discount broker that specializes in helping individuals diversify their assets with precious metals. (Source: Team Research)
• ✅ The company was founded in 1989 by David and Andrew Schectman. (Source: Team Research)
• ✅ Miles Franklin offers a wide range of precious metals IRAs, partnering with storage vaults from Brinks and NewDirection Trust Company for custodial services. (Source: Team Research)
• ✅ The company does not allow customers to do business online, so orders and inquiries must be made over the phone or through email. (Source: Team Research)
• ✅ Miles Franklin has received positive ratings from reputable sources such as BBB, BCA, Trustpilot, and Yelp. (Source: Team Research)
FAQs About Miles Franklin Precious Metals Review
1. Does Miles Franklin offer IRA services for precious metals?
Yes, Miles Franklin facilitates Precious Metals IRAs, allowing individuals to include physical gold, silver, platinum, and palladium in their retirement portfolios. These IRAs provide tax advantages and serve as a strategic hedge against economic volatility and inflation, offering clients a secure method to diversify their retirement savings.
2. What are the fees associated with purchasing and storing precious metals at Miles Franklin?
Fees at Miles Franklin can vary depending on the type and quantity of metals purchased, also the method of payment and storage option chosen. Generally, fees include premiums over spot prices for metals, transaction fees for purchases, and annual storage fees for secure vault storage. Clients can expect transparency in fee structures, ensuring they are fully informed about costs before making investment decisions.
3. How does Miles Franklin ensure the security of stored precious metals?
Miles Franklin prioritizes the security of stored precious metals by partnering with reputable vault facilities equipped with advanced security measures. These facilities adhere to strict protocols for access control, surveillance, and insurance, providing clients with peace of mind that their investments are safeguarded against theft, damage, or loss.
4. Can I sell back my precious metals to Miles Franklin?
Yes, Miles Franklin offers a buyback program for precious metals purchased through their platform. They provide competitive pricing based on current market conditions, making it convenient for investors to liquidate their holdings when needed. The process is designed to be straightforward, ensuring clients can efficiently manage their investments with confidence.
5. Does Miles Franklin offer educational resources for new investors?
Yes, Miles Franklin is committed to providing educational resources and guidance for new investors in precious metals. They offer articles, guides, and personalized consultations to help clients understand the benefits and risks of investing in gold, silver, platinum, and palladium. These resources empower investors to make informed decisions aligned with their financial goals.
6. What is the process for shipping purchased metals to clients?
Miles Franklin ensures secure and efficient shipping of purchased metals to clients. Depending on the client’s preference, metals can be shipped via insured courier services directly to their designated address or stored securely in Miles Franklin’s vaults for later delivery or collection. Clients receive tracking information and documentation to monitor and confirm their shipments.
7. Can I visit a Miles Franklin location to purchase or inspect precious metals in person?
While Miles Franklin primarily operates online, they do accommodate visits to their headquarters in Minnesota by appointment. This allows clients to discuss their investment needs in person, view available products, and finalize transactions with the assistance of knowledgeable staff. For those unable to visit, Miles Franklin provides comprehensive online services and support.
8. What happens if there are fluctuations in the market price after I place an order?
Once an order is placed with Miles Franklin, the price is locked in for the client to secure the agreed-upon rate. If there are fluctuations in the market price before finalizing the transaction, Miles Franklin honors the locked-in price to ensure transparency and fairness for their clients. This policy protects clients from unexpected price changes during the purchase process.
9. Does Miles Franklin provide assistance with setting up a Precious Metals IRA?
Yes, Miles Franklin offers personalized assistance to help clients set up Precious Metals IRAs. Their dedicated team guides clients through the necessary paperwork and compliance requirements, ensuring IRS regulations are met for tax-advantaged retirement savings. They also provide ongoing support to manage and optimize IRA investments according to individual financial objectives.
