Hello and welcome to another review at Gold Retired! Today’s we’ll be looking at a huge company: Wells Fargo, and investigating its IRA services. So, What is Wells Fargo IRA? What are the products and services this company offers? What are the IRAs offered and how much are the IRA fees? Can you invest in precious metals with Wells Fargo? How does it rank compared to our #1 Recommended company?
Without further ado, let’s go!
Company: Wells Fargo
Who is it for: People looking to invest in an IRA.
Overall rating: (2 / 5) NOT Recommended
Important to mention before we go into more details of this review:
We always strongly recommend doing your research online before you choose a company to invest with. There are so many reviews online of clients being ripped off and scammed. The most common way people are getting scammed is through so-called “hidden-fees” so please investigate thoroughly before you make your decision.
With that being said, let´s continue with the review on Wells Fargo IRA!
What is Wells Fargo IRA?
Headquartered in San Francisco California and founded in 1851, Wells Fargo is an American multinational financial services company. It has been around for a long time and it’s now the third largest bank in the US when it comes to total assets. Does the quality of their services match their experience and size? Let’s continue investigating and find out!
Berkshire Hathaway owns 10% of this company while the rest of its stocks are held by various people and companies.
Here is a screenshot of Wells Fargo’s Headquarters:
While investigating this company I stumbled upon some news that is not promising to say the least. According to CNN, this company is planning to close 800 branches by 2020 due to a financial crisis. This is definitely not a good sign. You can read more about it here ( opens in new window )
What are the products and services offered?
Wells Fargo offers multiple financial services including:
Here are the different IRAs offered by Wells Fargo:
|WellsTrade® IRA||Intuitive Investor® IRA Account||Full Service BrokerageIRA|
Here is a screenshot of Wells’ Fargo IRA fees for their three different IRAs offered respectively:
As you can see, these fees aren’t that detailed. Maybe this company has more documents explaining the fees but for the sake of transparency, would’ve preferred to see fees displayed directly on their website in a manner that is as detailed as possible. You might ask why? Well, “hidden fees” are something many IRA investors complain about and I’m sure you’re too smart to fall for them. This is where most of the rip-offs take place so it’s better to get as much information as you can about the fees of any company.
==> Want to take a look at our #1 recommended IRA solution instead? (low one-time fee)
Does Wells Fargo offer precious metals?
Apparently, Wells Fargo offers precious metals as a fund you can invest in. But, it doesn’t detail the storage fees, the delivery fees or any other fees associated with investing in precious metals. Also, the different kinds of precious metals available are not included on their website.
This is a disappointment and a reason why you should consider other options that give precious metals the importance they deserve when it comes to including them in your retirement portfolio.
What about online ratings and reviews?
It’s always highly recommended to go through the online reviews and rating of any company before making your decision. Getting an idea about what other customers think about a certain company can go a long way in terms of guiding you through the investment process and helping you choose the IRA custodian/precious metals dealer that suits you the best.
Here’s what the top review websites have to say about Tangible Investments LLC:
Customer reviews: (1 / 5) out of 482 reviews.
NOT Accredited by the BBB
5 ALERTS against this company from the BBB website
Rating: (2 / 5)
Click here for more details ( opens in a new window )
Are there any Red Flags?
Yes, there are plenty. The number of complaints alone is enough of a red flag. This company received a staggering 3,429 in the last 3 years on the BBB website alone.
The reviews of Wells Fargo are just awful. This company’s previous clients are calling it a “joke”, “dishonest”, and one customer said, “I would rate it zero if I could”. You can find these reviews and other bad ones across all the top review websites. This proves that this company, in spite of its huge size, failed and is still failing to provide good service to its customers, which definitely makes it fall to the bottom of the list when it comes to the IRA custodians you should consider.
Learn about the #1 rated company (by most 3rd party consumer protection agencies in the industry) on this page
Do you Own or Represent Wells Fargo IRA?
If you are a representative, or associate of Wells Fargo IRA 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 got the e-mail on the about page.
Final Words and Verdict
Overall rating: (2 / 5) NOT Recommended
Okay, I think that’s everything that could be said about Wells Fargo. Despite its huge size and experience, this company’s reputation is extremely bad, to say the least. Almost everyone who worked with them seems unsatisfied with their service. I would honestly recommend looking in other directions and avoiding companies that can cause nothing but headaches.
So, What IRA company do we recommend?
You made a wise decision to read this review and you are a smart person. I am absolutely sure that you will find the right company that suits your particular needs the best. I would advise you to compare different alternatives against each other before you make a decision. Below you got my absolute #1 recommended IRA custodian:
That’s it for this review! I hope that you now know what Wells Fargo IRA is and whether you should consider it or not. If you have any questions or remarks, feel free to leave them in the comments below! I’ll be more than glad to answer!
See you soon,
Owner of: Gold Retired.