Today we take a look at IRA Financial Group for you. What is IRA Financial Group? A scam or a legit company? Will it be the one for you, or are there better alternatives? These are some of the main questions this short review will focus on. Ok, here we go!
Company: IRA Financial Group
Owner: “Partner owned” by a group of tax attorneys
Price: Depends on your investment amount
Who is it for? Investors
Overall rating: (3 / 5)
Important to mention (before we go into more details of this review)
We strongly recommend doing your research online before choosing a company to invest in. There are so many reviews online of clients being ripped off and scammed. So please investigate thoroughly and compare different alternatives before you make your decision.
One example: 99.9% of companies got “pushy” salespeople trying to stress you into acting fast.
Here is the thing, the #1 Recommended Gold & Silver IRA Dealer on our top-5 list got No-salesy representatives… So they won´t bother or terrorize you with phone calls.
You are a smart person, so I am sure that you understand the benefits of dealing with such a company instead, right?
+They got a couple more benefits you might appreciate as much as I do. You will understand yourself once you have visited the page (link) above.
==> See our Top-5 List of Precious Metals IRA Companies on this page <==
With that being said, let´s continue with the review on IRA Financial Group!
What is IRA Financial Group about?
IRA Financial Group was founded in 2010 by a group of tax attorneys. With around $4,9 Billion in retirements funds under administration, you can say that IRA Financial Group has developed to be one of the leading in the industry.
The physical address of the company is: 1688 Meridian Ave #504, Miami Beach, FL 33139, USA
How does it work?
The Products and services offered.
Below you have a list of the products and services that IRA Financial Group offers to its clients.
- Self-directed IRA’s
- Solo 401(k)
- Self-Directed Roth IRA
**See my #1 recommended IRA solution on this page
Yes, IRAs are offered (read above). It is the company’s main service.
Normally this is the section where I put a screenshot (of the particular custodian) on their yearly IRA storage fees. However, IRA Financial Group Fees are nowhere on their website…
This is something that (in my humble opinion) doesn´t feel good as transparency is what you should want from a company if you are planning to trust them with your money.
Can you get the gold (and other metals) delivered to your home?
Once again, this is not mentioned on their website, so I will assume that it is not an option as its peers take pride in mentioning a function like that when they got it.
Can you store your investment with the company?
Once again, the website is lacking in info. This is nowhere to be found on their website. However, it is not a wild guess to assume that they offer at least a third-party partner depository for you… The question is, what fees are associated with that?
Can you sell back to the company?
Once again, this is not mentioned on their website.
Can anybody in any country use the service?
No, the services are for citizens living in the U.S.
Is IRA Financial Group a scam?
So, is IRA Financial Group a scam? No, it is not a scam. It is a legit company. It would never have survived this long (founded 2010) if it wasn´t.
IRA Financial Group Complaints and reviews from real users:
So, do IRA Financial Group got Complaints online that you should be aware of? Below I have listed the score and ratings on the company from some of the most trusted and well-known review and rating sites online:
BBB (better business bureau): A+ rating
Overall score: (4.6 / 5) (out of 10 reviews) click here for details (opens in new window)
Overall score: (4.2 / 5) (out of 6 reviews) click here for details (opens in new window)
Overall score: N/A
Overall score: N/A
Overall score: N/A
Overall score: 3 reviews and one complaint.
Learn about the #1 rated IRA custodian instead! (recommended by most independent 3rd party consumer protection agencies in the industry)
Any red flags?
Well, you can see above that the overall score is pretty high… However, you can also see that they are VERY few.
That is strange (at least I think so) as they have been in business for more than ten years, and you can´t even find more than 30 reviews??
What is going on?
Important to mention:
Even if most of the reviews (around 30 online) are positive, I found pretty negative ones. Below are the exact words from a former client of IRA Financial Group:
I was starting my initial research on self-directed IRAs and came across IRA Financial Group from another website. I called them up because I still had questions about their service that their poor website did not answer. When I called, Fred H. picked up the phone. I introduced myself and told him that I was starting the process of researching self-directed IRA companies but that I had a few questions. I think he said something while I was talking, so I said, “Excuse me.” He said, “No go ahead.” Then, I asked, “How long have you been in business?” He said, “Several years.” I said, “Is there a number to go along with a number of years?” Then, he said, “Thanks for calling,” and HUNG UP on me. WTF? Did he think I wasn’t serious and that I was calling him just for it? Uh, yeah, Fred, I like to call people and waste their time because I like to waste my time. Seriously?
I don’t know if this is Fred’s way and/or IRA Financial Group’s way of treating potential clients, but you can bet in the competitive field of self-directed IRAs that these guys are not one of the big players. Their whole schtick is that they were founded by top tax and ERISA attorneys. Big whoop. I spoke to 4 other self-directed IRA companies (who gladly answered my questions), and they have top tax and ERISA attorneys in-house. Top attorneys may have founded IRA Financial Group, but they SUCK at customer service.
Don’t even waste your time calling them!! You might just get hung up on simply for asking a question!! They obviously don’t want new business!
***If you want to read this review on the original website (rip off report), click here (opens in new window)
How´s the support?
One thing I always put a lot of weight on when it comes to the quality of the support of a company is if they got a live chat function on their website. IRA Financial Group does not have this. That takes the score down a bit (at least in my book)
What support options do you have then? You got e-mail support and a phone nr to call with your questions.
Why Should You (Or Should NOT) go with IRA Financial Group?
It is always recommended to compare the pros with the cons of a company to get a better overall picture.
Below I have highlighted some key points that might make it easier.
- $4,9 Billion under administration and over 15,500 clients
- Ability to invest in many different assets such as gold, real estate (domestic and foreign), tax liens, other precious metals, peer-to-peer lending, stocks, etc
- Lack of info on the website regarding fees, support, etc
- Lack of reviews from real users
- Lack of transparency on their site when it comes to fees
Do You Own or Represent IRA Financial Group?
If you are a representative or associate of IRA Financial Group and have found something not to be correct in this review, please, feel free to tell, and I will make sure to update the info on this post. The easiest way to do it is in the comment section below, or else you can send an e-mail to firstname.lastname@example.org.
Final Words and Verdict on IRA Financial Group
Overall rating: (3 / 5)
Ok, that sums the overall picture up pretty well. This is a legit company. However, I am not very impressed with a company of its size. For example, many of its peers are completely transparent regarding yearly storage fees. Also, more than 20 others (of its peers) got way more reviews and a better overall score.
You have made a smart choice reading this review as it is always recommended that you research and compare many different companies before you choose.
I hope this review has made it easier for you. As always, it is up to you.
Which Company Do You Recommend?
If you are looking for a reputable gold IRA custodian besides any other company, you should check out Augusta Precious Metals.
Augusta Precious Metals has ZERO complaints from A LOT of real users. They are used by celebrities respected by well-known publications and websites.
And A LOT more benefits!
==> Click here to learn more about Augusta Precious Metals (my #1 recommendation) <==
I hope you found this short review on IRA Financial Group to be helpful, and now you should have a better understanding of what it is and if it will be something for you or not. If you have used any of their services, please share your experience in the comment section below to help others. Also, if you got any questions on this review, I will be more than happy to answer them below!
I wish you success!
Founder of: Gold Retired