Having a gold IRA account is one of the ways to invest your money and diversify your portfolio. This investment requires that you select a precious metals IRA company that will manage your investment. While there are so many such companies in this industry, Allegiance Gold comes up in discussions.
Many have wondered about the reputation and reliability of this firm. If you are among those wondering whether Allegiance Gold is a reputable company, this article is for you. This piece will review this precious metals IRA company in detail and help you decide if you can do business with them. Without further ado, let’s get right into it…
History and Background
Allegiance Gold has its base in the suburban/residential community of West Hills in California. Although established in 2013, they have a combined experience of 50 years in the industry, thanks to the caliber of individuals in their management. Its mission as stated on the organization’s website: “Protect our client’s wealth and retirement from economic uncertainties with physical precious metals!” This mission has kept them committed to customer service and also the generation of sales accruing millions of dollars while satisfying their clients.
When it comes to certification (which is very important when checking an organization’s credibility), Allegiance Gold is certified by the following bodies: The U.S. Mint, the U.S. Chamber of Commerce (ICTA), The Industry Council for Tangible, and The American Numismatic Association (ANA). These certifications guarantee that you are not dealing with a fly-by-night company when you invest with them.
Third-party reviews and ratings are equally important when assessing the reputation and credibility of a business. The Business Consumer Alliance (BCA) gives Allegiance Gold a rating of AAA. TrustLink rates them 5-star, and the Better Business Bureau rates them A+.
Senior Management
The management of an organization is very important because it determines the vision and path the firm takes. For Allegiance Gold, Mark Naaman and Alex Ebkarian are the men at the helm of the affair. Let’s find out more about these individuals to see if you can trust them with your investment.
Mark Naaman
A co-founder and CEO of the company, Mark Naaman has over 20 years of experience in the financial services and investment sectors. Before the creation of Allegiance Gold, he functioned as a tax strategist, credit manager, and upper-level manager. The top organizations he has served at include Jakks Pacific, Universal Music, Walt Disney Co., and Wells Fargo Financial.
His experience as a licensed tax professional and Intuit ProAdvisor led him to co-found MBA Financial & Accounting Solutions. He is the CEO and president of this firm based in Los Angeles. We can say that Mr. Mark Naaman knows the business.
Alex Ebkarian
He is a co-founder and functions as the COO of the company. You can read this to find out the differences between a CEO and a COO. Alex Ebkarian is no novice as he has 15 years’ worth of experience to his name in the financial services and investment sectors.
Orchestrating $1 billion financing for ambitious start-ups, venture-backed enterprises, private equity firms, and publicly traded companies is just one of the achievements of Mr. Alex Ebkarian. His career has seen him spearhead investment and risk assessment management for various organizations with remarkable results.
Storage and Custodians
Allegiance Gold does not act as a custodian, instead, it partners with two of the best in the business. Goldstar Trust Company and Strata Trust Company serve as custodian partners. Therefore, you can rest assured that your precious metals are in safe hands.
Furthermore, Allegiance Gold stores its client’s precious metals at Brinks Global or Delaware Depository. This ensures that the precious metals are kept under heavy security. In addition, the items are covered by the depository company in case of any theft, loss, or damage.
Services and Products
While Allegiance Gold deals majorly with bullion, they still deal with gold and silver coins and bars. However, such coins must be investment-grade. Here are some of the coins and bars covered by this company:
- Gold American Buffalo
- Silver American Buffalo
- Gold American Eagle
- Platinum American Eagle
- Gold Canadian Gyrfalcon
- Platinum Canadian Maple Leaf
- Palladium Canadian Maple Leaf
You can also get an investment guide sent to you for free when you provide your name, email, etc. on the company’s platform. The guide can help you learn more about precious metals investment. So, if you are seeking to take this type of investment form seriously, you can get the guide.
An interesting thing about Allegiance Gold is that their charges are openly displayed on their website. They offer a flat rate for storage irrespective of your account balance. Furthermore, the charge is done annually, and it includes the following:
- Account maintenance – $95
- Depository storage charge for accounts with precious metals value less than $100,000.
- Shipping charges and bank wire are not included.
What is not listed on the site is the minimum required investment. Therefore, you need to find out from the company what the minimum investment requirement is. This is necessary to prevent you from investing and then finding out that the minimum requirement is more than what you invested.
Conclusion
Is Allegiance Gold a reputable company? From what we’ve researched so far, the answer is yes. With several years of experience in the field and quality ratings from different reputable review bodies, this company has proven to be reliable.
The level of transparency even displayed on their sites regarding their products, services, and offers is further proof of their reliability. In addition, the custodians and depository storages they partner with. This is a guarantee that your investment is safe.
One thing we didn’t mention is the buyback policy of the company. Allegiance Gold advises its customers to contact them when they want to liquidate physical assets. When this is done, the company can help you carry out the process. This will eliminate the hassle of getting a trustworthy dealer that will purchase your precious metals.
