Today we take a look at Pensco Trust for you. What is Pensco Trust? A scam or legit Self Directed IRA dealer? Will it be the one for you, or are there better alternatives? These are some of the questions this short review will focus on. Ok, let´s go!
Company: Pensco Trust
Website: www.pensco.com
Owner: Curtis A. Glovier
Price: Depends on your investment amount
Who is it for? Investors
Overall rating: 
(2.5 / 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 Pensco Trust!
What is Pensco Trust about?
Pensco Trust is a regulated, self-directed IRA custodian. It was founded in 1989, so it has soon been in business for 30 years. With over $16 billion in assets under custody and more than 52,000 client accounts, they must be considered one of the industry’s leading companies.
The company’s physical address is 275 Battery St Suite 1220, San Francisco, CA 94111, USA.
How does it work?
This company is for you who are looking for a self-directed IRA custodian.
The Products to invest in
- Real Estate
- Private Equity
- Promissory Notes
- Other asset types
IRAs?
Yes, IRAs are offered. It is kind of the main thing of the company. However, when looking on their website, you cannot find gold or other precious metals as an investment option.
***Click here to read about an IRA custodian that allows you to invest in gold and silver
Can you sell back to the company?
This is not mentioned on their site, so you can (most likely) assume that it is not an option as most of its peers take big pride in displaying such a feature on their websites.
Can anybody in any country use the service?
No, the services from the company are for citizens living in the U.S. only.
Is Pensco Trust a scam?
So, is Pensco Trust a scam? No, it is not a scam. It is, of course, a legit company. It would never have survived this long (founded 1989) if it wasn´t.
However, if they are worthy of being called among the leading ones in the industry, I leave it up to you to decide. Below is the:
The Reviews and Ratings online
One of the first things you should always look at to determine whether a company is a scam or not or know if a company is for you is online reviews. I always go by the law that if the negative ones overshine the positive, I stay the h**l away. I highly recommend you do the same.
BBB (Better Business Bureau) “screenshot to the right.”
Overall rating: A+
Nr of complaints: 7 (2 in the last 12 months)
Trustlink:
Overall rating: N/A
Trustpilot:
Overall rating: N/A
YELP
Overall rating: 2/5 stars (out of 48 reviews)
Glassdoor
Overall rating: 3,1/5 stars (out of 27 reviews)
Ripoff Report
Overall rating: 4 VERY negative reviews
Pissed Consumer
Overall rating: 8 reviews and all of them were negative.
Are there any red flags?
As you can see above, the overall score from some of the most trusted and well-known review sites is far from super positive.
Below, you got some screenshots from the pissed consumers. Below them, I will provide a link if you want to read them in more detail
==> Click here to read more details (opens in new window)
==> Click here to read more details (opens in new window)
==> Click here to read more details (opens in new window)
Important to mention here:
As you can see, there are some pretty serious red flags. The complaints are just a bit too many (at least in my book).
***Click here for our Top 5 list of IRA custodians with the highest ratings online
How´s the support?
One thing that I always put a lot of weight on when it comes to the quality of the support of a company is if they have a live chat function or not. Pensco Trust does not have this, which exceeds the overall support experience score.
They offer e-mail support and a phone number you can call with your inquiries.
Why Should You (Or Should NOT) Join Pensco Trust?
It is always good to compare the pros and cons of a company against each other to get a better overall picture. Below I have highlighted some key points to make this easier for you.
The Good
- Almost 30 years in business
- $16 billion in assets
- 52,000 clients
The Bad
- The many negative reviews online
- Do not offer gold and other precious metals as an investment option
- The website lacks in info and support (live chat)
Do You Own or Represent Pensco Trust?
If you are a representative or associate of Pensco Trust 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 get the e-mail on the about page.
Final Words and Verdict on Pensco Trust
Verdict: Legit
Overall rating: (2.5 / 5)
Ok, I think that sums up the overall picture pretty well. This is a legit company. However…
The MANY negative reviews have at least affected me enough to give one of the lowest ratings an IRA custodian of this size has got on this website (StartMakeStopWaste.com).
It can change to a higher or lower one in the future as this review gets updated as soon as some “news” on a company we have reviewed comes up.
You have made a smart choice reading this review as it is always recommended that you research and compare many different companies against each other before making an educated decision.
I Am sure that you will find an IRA custodian that is right for you as you clearly understand this concept (you wouldn´t have read this far if you wasn´t) 😉
As always, the choice 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 GoldCo.
They have 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 read more about GoldCo!
I hope you found this short review on Pensco Trust to be helpful, and now you should have a better understanding of what it is and if it is for you or not. If you have used any of its services, please share your experience with us in the comment section below, as it can help others. Also, if you got any other questions on this review, I will be more than happy to answer them below.
I wish you the best!
Michael
Founder of: Gold Retired
Hi John
Thanks for your detailed review. I appreciate that you have not only done thorough research but are also interested in educating us readers on how to work out if something is a worthwhile investment or not.
I agree the negative comments are one too many even though its a company that has been around for 30 years. Will be giving this a pass and checking out your recommendation.
Thank you so much, makes me very glad to hear that you found the review helpful and interesting. Yes I would also recommend you to take a look on other options.
This one is #1 rated online as it got thousands of reviews but ZERO complaints: https://startmakestopwaste.com…
There through the link you got a great FREE gift to grab to get more educated on what to look out for when it comes to this type of investments.
Thank you again!
/All the best
I’ve never heard of this company before, but I do utilize a local service for my IRA investments.
I really like to work one on one with my investors. They know my goals and I feel as if I can gain a relationship with them and trust them better with my money.
It’s sad that so many people feel scammed – or ‘over-charged’ with fees with Pensco. But since they’ve been in business for a while, that has to be something going for them.
You mentioned that Pensco doesn’t do gold or precious metal options. Do you think that investing in Gold and Silver is smart? I’ve heard arguments for both ways. What’s your opinion?
Yes, I think gold and silver feels like a smart investment, especially as we are heading towards an economic disaster where money are getting less and less worth, historicaly gold and silver have always rised in value when everything else goes down.
Thanks for your comment!
/Sincerely