Investors are now looking for new investment options that are both reliable and stable.. Therefore, many investors focus on gold IRAs, since they can help mitigate the affect of risky investments on their portfolios. However, finding the right company for your gold IRAs is vital.
Choosing the best IRA Company can help you achieve your investment strategies. To help, we will go over a comprehensive review of Lexi Capital. We will go over their pricing, features, and other options that it offers to customers.
Lexi Capital Review: Reputation, Promotional Offers, Fees
Our review will cover various aspects of the company to give investors a better idea. It will help you decide whether or not the company can help you achieve your investment goals.
What Does Lexi Capital Offer? What Makes The Company Unique?
Lexi Capital offers various products, with their most prominent one being the “Gold Assurance Plan." This plan allows you to return your gold coins to the company within six months of their validity.
With their many investment options, investors can choose the one most suitable for their financial goals and needs. Lexi Capital also offers a large selection of coins, such as unique edition coins, numismatics, etc.
The best thing about Lexi Capital is that it offers investors accurate information and other technical analytics before investing in precious metals.
Lexi Capital is looking to educate investors before they dive into the market, helping them understand gold IRAs. Therefore, you can better understand opening an IRA account and converting from a 401(k).
Lexi Capital Website
The robust and easy-to-use website makes navigating through it easier for new customers. You can use the website to open a new account and rollover funds from your current retirement to the gold IRA. Some vital aspects of the Lexi Capital website include:
New or Transfer
The website makes it easy for your new investors to open an IRA account or transfer funds from one retirement account to the other.
Gather Documents
The company requires you to submit some important documents to open an IRA account. You don't have to worry about gathering too many documents since the company only requires a handful of them. These include documents for your personal information, name, address, etc.
People who want to transfer their assets must also need to provide their retirement account. Once you submit all the relevant documents, you can quickly start adding funds to your gold IRA.
Professional Portfolio Analysis
Lexi Capital has a team of advisers who provide information about the precious metal market. You can understand the trends or factors that can influence economic conditions and how precious metals can mitigate the impact of the fluctuations.
The company also offers customers with IRS-approved facilities where they can keep their precious metals. Lexi Capital has collaborated with Horizon Bank and other institutions to ensure their investors' holdings are stored in a secure depository.
Reputation
When investing in precious metals, you need to have a reliable and trustworthy company to help. You need to know the company's reputation before working with them. Lexi Capital maintains an impressive rating on various platforms and references from accredited organizations.
The BBB (Better Business Bureau) has given the company an A++ rating, which indicates the company's transparency and reliability. Moreover, the company also enjoys a relatively good rating from Business Consumer Alliance and has a five-star rating from Trustlink.
These factors indicate that the company maintains a reputable image in the industry. Therefore, investors can trust them for gold or silver IRAs.
Fees
Another critical thing to consider when choosing a company is the fees and the amount it charges. You don't want to do business with a company with hidden charges or costs. Lexi Capital has a very straightforward fee structure that lets you understand the charges you will incur yearly.
You won't have to pay anything to open a new IRA account with the company. The minimum investment required for opening an account is $1,500, which makes it an ideal option for new investors who don't have a lot of capital. You can quickly diversify your portfolio by investing in a stable asset.
Lexi Capital also offers shipping and delivery services to its customers. If your order is of $15,000 or below, you need to pay a shipping fee of $14.95. If you invest more than $50,000, the company won't charge you annual account management fees.
For investments lower than $50,000, you have to pay an annual account management fee are $285 for the initial year. After that, you have to pay $180 in fees each year. The company will also give you a 3% discount for customers that pay with cash, wire transfers, or cashier's checks.
Things Investors Like About Lexi Capital
Investors now have a wide range of options available since many companies in the precious metal industry exist. So, what makes Lexi Capital different from other companies and helps it stand out from the rest of the competition?
While Lexi Capital is new in the market, the company has built a strong reputation in the industry. Here are some factors that customers like about Lexi Capital.
Free Education
Investing in something completely new that you don't know much about can be tricky. You don't want to risk your savings for something you don't know enough about. Therefore, Lexi Capital aims to educate new investors so they can develop a robust investment strategy.
You can get valuable content from the company that tells them about investing in precious metals. As a result, they can make the right choices to diversify their portfolio. Investments are inherently risky, so you should better understand your asset to avoid any mistakes.
You can make the right decisions to mitigate the chances of losses and keep your hard-earned cash safe. Lexi Capital aims to give its investors complete information to make well-informed decisions. They can increase their wealth and protect their investments.
A Large Selection of Investment Options
Lexi Capital attracts the investors' attention thanks to the large selection of investment options. The company allows you to invest in vintage coins and unique edition coins, along with many others.
You can understand the pros and cons of each option to know which one suits your investment goals and needs. Investors can make well-informed decisions to meet your requirements.
Responsive Customer Support
The best thing about Lexi Capital is its impressive customer support team. You can contact their responsive team about queries for their charges, depository facilities, procedures, or anything else. Their representatives will be more than happy to assist you.
You can either leave them an email or contact them through the phone to get all the relevant information you need. The company's responsive customer support stands out from the rest of the industry, as they make an active effort to help customers understand their needs.
How to Open a Lexi Capital Account?
Opening a Lexi Capital account is very simple. You only have to follow the following steps to complete the process. Once everything is complete, the company will set up your account within 10 business days. Here is the step-by-step process that you need to follow:
- Fill out the online form on the Lexi Capital Website and provide relevant details about previous investments
- Fund your account using cash, a cheque, or by rolling over assets from your existing IRAs
- Discuss your investment strategy with your adviser to develop a proper plan
- Invest in your preferred metals
- Ship your valuable commodities either to your home or Lexi Capital's IRS-approved facilities
Lexi Capital FAQs
Does Lexi Capital allow you to cancel an order?
Yes, the company allows customers to cancel their orders. However, you need to pay a cancellation fee of $45 and cancel the order within business hours. The Lexi Capital team will only approve cancellations over calls.
Does Lexi Capital allow returns?
Lexi Capital has various policies for investors, including a return, refund, and exchange policy. You can apply to return the order within three days of receiving it. It is necessary to call the customer support team as they will guide you about the process of returning the precious metals or other items.
How does Lexi Capital ship orders?
Lexi capital will send the precious metals to the customer through Federal Express or U.S. Mail. The package will take 5 to 10 business days to reach your doorstep. Each parcel has coverage, and you will need to sign and provide relevant documents upon delivery.
How do you make a withdrawal?
The process of making a withdrawal from your gold IRA account is the same as a traditional retirement account. You won't have to pay penalties if you withdraw funds after 59 and a half years. Making a withdrawal before that age would be subject to income tax.
Final Thought
We hope you now have a better understanding of Lexi Capital. You can go over the points mentioned in this review to decide whether Lexi Capital is suitable for the investments you have in mind.
Investing in a gold IRA requires clients to properly understand the assets before jumping into it. So, if you want to learn more about diversifying your portfolio or finding a gold custodian, you can contact us for assistance.
