Company: Rosland Capital
Location: Los Angeles, CA 90025
Phone: (888) 993-9476
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In this Rosland Capital review, we take a detailed look at an established player in the world of precious metals and retirement planning. Differences in fees, policies, and other attributes can add up to thousands of dollars gained or lost in savings over time. The more information you have about this company, the better you will know when making a decision as to which company to choose for your gold IRA.
Who is Rosland Capital?
Rosland Capital was founded in 2008 and is best known for selling physical gold and silver coins to customers as an investment. The founder and CEO, Marin Aleksov, believes that gold is a key commodity for savings, because it performs well in times of uncertainty and retains its value in the face of dollar inflation.
The company acquired their brand recognition through TV and radio ads that feature actor William Devane. They also employ a staff economist, named Jeffrey Nichols, who provides investment advice to clients and guidance for the company as a whole.
Rosland Capital started off by selling gold, silver and other metals directly to their clients. Later they expanded their operations to offer IRAs in precious metals.
When setting up a gold IRA, customers will need to pay a $50 startup fee and then a $75 ongoing annual fee plus storage costs. The storage fees are $100 for commingled holdings or $150 for segregated holdings.
Precious Metals IRA – Pricing & Storage Fees
|Initial Setup Fees||$50|
|Annual Admin Fees||$75 (Flat)|
|Annual Storage Fees||$150 (Flat)|
|Preferred Custodian||Equity Institutional|
|Preferred Depository||Delaware Depository|
Ratings, Complaints & Customer Reviews
We want to take a look at the Rosland Capital BBB ratings, among others, to see which Rosland Capital reviews are most accurate. This ultimately gives us a clearer picture of the true nature of this company from independent customers.
Better Business Bureau
They have an A+ rating from the BBB and have been accredited since 10/01/2008.
While this is the best rating that they offer, Rosland Capital has received dozens of complaints.
They have received a 4 out of 5 on Trustlink.
Most of the complaints from customers, was of a Rosland Capital scam about how the company would charge a 28-33% markup for the coins that they sell.
Is there a Rosland Capital ripoff afoot?
Well according to Ripoff Report, the company has been reported for charging high commissions and using pushy and deceptive sales tactics.
What are the Pros and Cons with Rosland Capital?
In recent times, investing in a gold IRA has grown in popularity because you can still meet your retirement goals, while also protecting your investment with inherent value. However, there are dozens of companies to choose from. In the following, we will look at this company as a whole, highlighting both its pros and cons of Rosland Capital.
- The main website of Rosland Capital is straightforward, easy to navigate, and clear. Some other gold IRA companies have over-designed and confusing sites. When it comes to financial assets, plain, simple, and informative works best.
- Having a staff economist both adds credibility to the philosophy of Rosland Capital and improves the quality of their investment advice. It is helpful that Nichols is not the founder, so he has some objectivity and can honestly assess the company's direction.
- In addition to the fees listed above, Rosland tends to charge high commissions and other expenses when customers sign up. The high fees are probably going towards marketing and advertising costs, because maintaining gold and silver coins is less expensive and labor-intensive than balancing a paper portfolio.
- The company is lacking when it comes to free training or education for potential clients. If you are new to gold IRAs it can be confusing and it would be helpful if they did more to inform their customers.
- Customer service at Rosland Capital has attracted lots of complaints. They can be hard to reach and unclear, especially with respect to fees, leading to frustrating experiences for callers.
Overall, after reviewing Rosland Capital, our recommendation is to be cautious of their fees. Most customers had satisfactory experiences, but the company could be a lot more transparent about the total costs associated with setting up a gold IRA.
There were certainly some positive things to say about them, but there were drawbacks as well. Just like with any other type of business, it is critical to do your research before making a purchase.
Whether you are interested in Rosland Capital or not, you should call a few companies on your shortlist and ask them about their products, services and how they can help you meet your needs. Remember they serve you, not the other way around, and you have the right to know about their fees, history of complaints, their performance and all other relevant information.
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