Lexi Capital is a self-directed or gold IRA firm established in North Carolina with a reputation for providing honest and comprehensive client care. One of the hottest issues in our period is precious metals investing through an IRA. Many consumers want to find an IRA investing firm that can give all the services while maintaining reasonable pricing.
If a consumer is focused on sales and solely intends to increase sales, this work may mislead them. Most precious metals enterprises operate with such ideals but fail to follow their promises. In this situation, though, Lexi Capital is unique. Everything the organization promises are stated plainly on its official website, lexicapital.com, and they even provide a free gold IRA guide to its customers.
Lexi Capital was founded by two entrepreneurs who developed a company strategy as a semester assignment at ULCA. They each earned first prize for their proposals, which were ultimately carried out effectively. Lexi Capital offer customers the to establish individual retirement accounts (IRAs) and keep track of the shifting silver and gold markets.
The firm has numerous gold and self-directed IRA experts on staff who utilize their market knowledge to construct a recession-proof portfolio. Lexi Capitals’ website is well-designed, with the most necessary information included rather than a slew of advertisements or no unscrupulous bankers honking and incentives to entice visitors. You’ll have no trouble finding the link to create an account for their IRA.
The top way to safeguard your retirement is to open a precious metals IRA. Check out the below providers and request a free kit.
Best Overall Rating (Where I Invested)
#2 American Hartford Gold
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#3 Augusta Precious Metals
Most Educational ($50,000 Minimum)
#4 Noble Gold
Best Metals Selection
What Will I Learn?
- Why Invest in a Precious Metals IRA?
- About Lexi Capital
- Services Offered by Lexi Capital
- The Gold Assurance Plan of Lexi Capital
- Lexi Capital IRA
- How to Open an IRA Account with Lexi Capital?
- The Lexi Capital Review
Why Invest in a Precious Metals IRA?
A Precious Metals IRA, often known as Gold IRAs or silver IRAs, is a retirement account that allows you to invest in gold, silver, platinum, and palladium bullion. First, you must pick a custodian, a depository, and a metal dealer for a precious metals IRA. In this situation, Lexi Capital will play the role of a dealer. Precious metals IRA investing is a means to diversify your investment portfolio using metals, and it’s typically thought of as a strategy to protect against inflation and volatility. Most financial gurus recommend that a person invest at least 10% of their total assets in precious metals.
If you invest in gold or silver, you don’t have to be there every day to trade. It’s a long-term investment, somewhat. As a result, precious metals and gold IRA metals will be stored at the depository for at least ten years. And depending on the type of IRA chosen, all payouts will be made to the owner alone. As a result, a precious metals IRA is a viable option for investing in retirement savings.
About Lexi Capital
Two entrepreneurs launched Lexi Capital in 2010. The firm was created soon after the stock market and general investment industries experienced a crisis in 2007-2008. Due to the crisis, the majority of individuals have lost their gains and even their contributions.
As a result, traditional IRA and 401(k) IRAs were crippled as principal assets with conventional stocks. Lexi Capital was founded in 2010; it was a breath of new air since it offered better rates even when the stock market was at its lowest point.
When the price of other metals falls, most stock market prices rise. It’s the same story in reverse, and inverse correlation operates in a similar way. When the stock market falls, the cost of silver and gold rises.
You’ll be investing in gold for a long time if you have a retirement account, and in that event, the cost of metals will increase in general. Lexi Capital was created to keep your assets secure at all times, and as a result, the firm has maintained its reputation over the years.
Lexi Capital is based in Raleigh, California, at 310 S. Harrington St.; the company was founded by two entrepreneurs who drafted a plan to get a better plan for investment accounts. Here are some facts about Lexi Capital:
- Lexi Capital recognizes that if a customer invests in gold or other precious metals without the right expertise, the outcomes are more likely to be disappointing.
- Only silver and gold are available from this company.
- Minimal asset offerings will give you greater control over your assets, resulting in higher profits.
- If only silver and gold are exchanged, there’s a chance that domestic and international markets will remain stable.
- Clients who invest in gold or silver with Lexi Capital will be part of the Gold Assurance Plan, a short-term correction. There will be a six-month repricing policy with the assurance plan.
- The gold assurance plan covers some bullion, and the protection value is roughly $500 per ounce.
- Bullion goods may be subject to an additional charge.
- Rather than dictating regulations, the organization prefers to educate its customers. The best method to show this is through the Lexi Capital Free Gold Guide.
Services Offered by Lexi Capital
exi Capital specializes in recession-resistant gold IRA funds for future retirees with market insights. Later, the corporation felt that long-term investments were the best way to ensure that the IRA market remained stable.
Gold IRA Approved Coins
In their firm, they only have a small selection of metals, so you can buy gold and silver. However, unlike other gold IRA providers, they have not amassed a diverse portfolio of assets. We were only able to locate two precious metal IRAs on which the organization makes offers:
- The American Gold Eagle.
- Canadian Maple Leaf in Gold
- Gold Bars
It is mentioned that the company offers unique edition coins, vintage coins, and numismatics to their clients. To access the coins and bars, you must contact the company first.
They have not specified what kind of bars the company will let you invest in.
Lexi Capital has partnered with SDIRA Services, Inc. to provide a storage solution. Clients will be able to start a self-gold IRA account or even a rollover. The forms are accessible on the Lexi Capital website and may be printed to complete. The organization also appears to provide storage services through Delaware Depository. The Delaware Depository is the chosen storage location for Strata Trust Company, one of Lexi Capital’s custodians. Wilmington, Delaware, and Boulder City, Nevada, are home to the Delaware Depository.
There are two types of storage systems available at the Delaware Depository: segregated and non-segregated. You’ll be keeping your metals on a nominal basis using a non-segregated or commingled storage method. As a result, you’ll get a ballpark figure when you sell your metals. Your bullion will be kept separate in segregated storage, and you will receive the same metal when you remove it.
Gold and silver as bullion products are the most common commodities offered by Lexi Capital. However, the firm is a self-directed IRA firm. Rather than focusing on their selling point, the organization concentrates on dependable returns for consumers with other investments and other assets. A self-directed IRA can only hold gold and silver, and physical metals are not mentioned. There are alternative options to invest with a Self-Directed gold IRA, which are commonly referred to as gold-backed forms of investing.
- Real estate
- Equity, hedge funds
- Mortgage on large investment houses
- Tax liens
- Precious Metals
- Closely held checks
- Promissory notes
- Private companies
- Liable companies, etc.
The company does not provide customer support 24 hours a day, seven days a week for gold and silver investments, and is only open during business hours. You can, however, leave a message, and they will return your call as soon as possible. Lexi Capital offers a live chat service via which a corporate representative will respond as quickly as possible. You may also mail the firm, which has a faster turnaround time. If you need to cancel an order, you should contact the firm during business hours.
The Gold Assurance Plan of Lexi Capital
It is self-evident that gold and silver are excellent retirement investments. However, metal prices will change over time. The Lexi Capitals Gold Assurance Plan acts as a buffer between investors’ assets and broader economic volatility.
The Gold Assurance Plan will guarantee a price of $500 per ounce of gold for six months. The price protection amount with the gold assurance plan will be greater if the metals are IRA-qualified bullion.
Lexi Capital IRA
Gold IRAs and self-directed IRAs are available via the firm. You’ll be able to invest in gold and silver with a gold IRA. In any case, this is a technique to keep your investment portfolio stable. You have complete control over the funds and investment plans in a self-directed IRA. You may invest in properties other than simply equities and bonds with a self-directed IRA. You’ll have more control over the assets, which will act as a buffer against economic turbulence.
Account Minimum Investment for Gold and Silver Investments
The Lexi Capital Account Minimum investment usually refers to your starting point with the company. The minimum amount for Lexi Capital is pretty low compared to other companies, and some even claim that it is the lowest, which even allowed retail buyers to invest.
Minimum Amount For Investment: $1,500
Annual IRA Investment: $6,000 (under 60). 7,000 (over 60).
As the Starta Trust Corporation or SDIRA SERVICES INC, the company provides custodianship services for recession-proof assets. Self-directed IRA services, inc. is now known as Strata Trust for gold and silver investment. The IRA custodian will assist you in setting up your account and handling all of your IRA reports. The IRA custodian will hold most of the paperwork necessary to start an IRA account.
The Strata Trust Company was created in 2008 in Austin, Texas. Strata is a subsidiary of Horizon Bank. The firm has over three billion dollars in assets and 40,000 active consumers.
IRA Rollover or Transfer
With Lexi Capital and Strata Trust Company, you may move or roll over your IRA. You can move an IRA account to a self-directed IRA, such as a 401(k) or 403(b). There is a lower risk of issues with a direct rollover or transfer. You can start a self-directed traditional IRAs
Roth IRAs or SEP-IRA account with an IRA rollover. A fast IRA application is also available through Lexi Capital.
Lexi Capital IRA Fees
Here we are including some of the introductory pricing for the Lexi Capital
IRA management fees: $285 for the first year and $185 for every year.
Fees for IRA management over $50,000: none.
Separated Storage Fees: $150
Fees for non-segregated storage: $100
Shipping costs for non-IRA metals are $14.95.
3% off with checks, wire transfers, or cash.
Custodian Fees to open an account: $50.
Annual Fees: $95/$125/$300
Distribution is free of charge.
Account Closure: $250.
How to Open an IRA Account with Lexi Capital?
If you open an account with Lexi Capital, you have to go through a short process. According to its website, it’ll take ten days to set up the account and fund it fully.
- Lexi Capital’s website features an online application form. You’ll need to learn about IRAs and other related topics. You must identify Lexi Capital as your administrator if you want to roll over the account.
- You must provide your personal information, social security number, and retirement account information on the application.
- After that, you must transfer your retirement funds to your account. The account can be funded using cash, cheque, wire transfer, direct transfer, rollover of an existing IRA, etc.
- Don’t hesitate to get in touch with a Lexi Capital adviser, and they’ll outline the ideal option for your precious metals requirements.
- You may buy IRA-eligible gold and silver through Lexi Capital to begin your investment.
- The metals you purchased will be shipped to your chosen depository. And as for non-IRA metals, they’ll be sent to your home address.
The Lexi Capital Review
Here are some reviews of Lexi Capital from third-party websites.
The Better Business Bureau (BBB)
The Better Business Bureau accredits Lexi Capital, and the overall rating is A+.
The Business Consumer Alliance (BCA)
Lexi Capital is rated AAA in BCA, the highest rating for any company.
There are only three reviews on this site, and based on those, Lexi Capital has a 5/5 rating.
Lexi Capital has a 4.7/5 rating on retirement living.
Lexi Capital’s founders observed how firms mistook their customers by making misleading promises and collecting more money from them. As a result, Lexi Capital was added to the list, and they created a gold IRA firm that is more than simply static and emailed data. Lexi Capital regularly provides current information to its clients and updated education on the IRA and investing sector.