Are you planning to add precious metals to your retirement portfolio through an IRA investment? While it’s a smart approach to securing a financially stable future for yourself, it can be challenging to ensure a smooth investment experience without the support of a reliable investment company.
If you’re reading this review, it means you’re considering Miles Franklin as your investment partner and want to learn more about the company.
To help you with that, this detailed review will take you through all the ins and outs of Miles Franklin’s offerings and investment procedure. Why trust what I say in this review? Because after spending over two decades investing and navigating the precious metals industry, I have partnered with various companies, including Miles Franklin.
Today, I’m here to help you make the right investment decision by getting familiar with the company through my experience and knowledge. So, if you’re still struggling to decide whether Miles Franklin is a worthwhile investment partner, read on to find out!
Miles Franklin: A Brief Overview
So, what is Miles Franklin? While it may appear as just another precious metal company, it's actually both a full-service business and a low-cost discount broker. Miles Franklin, established in 1989 by a father and son, has been running under the same founders for 30+ years.
The father-son duo of David and Andrew Schectman bring a wealth of experience and knowledge of the financial world to the company, building its strong reputation over the years. This has helped Miles Franklin become one of America’s most trusted precious metals dealers, leading to over $9 Billion in sales so far.
Having invested with them, I can confidently say that the trust and reputation Miles Franklin has earned over the years is still intact, making it one of America's most reliable precious metals investment partners. What makes me so confident? Let’s explore that further below!
The Best Gold IRA Companies in 2024
Before I get started with this review, I want to inform you that I have reviewed dozens of precious metal IRA companies over two decades, and I have curated a list of the top 6 gold IRA companies in 2024. I highly recommend reading this article before proceeding with an IRA transfer.
The #1 Best Gold IRA is Goldco, with its A+ rating from Better Business Bureau, thousands of 5-star reviews, and one of the highest buy-back guarantees. Read my review on Goldco, or visit the official Goldco website to learn more.
What Makes Miles Franklin Stand Out?
Similar to many novice investors looking to trust a company with their hard-earned money, I was also a beginner a couple of decades ago. With little experience, I was anxious to trust any new company with a significant amount of money. But, as Mark Zuckerberg says, "The biggest risk is not taking one."
Hence, when I came across Miles Franklin as a trusted precious metals dealer by many investors, I decided to proceed with the company. Interestingly, this investment experience turned out to be highly exceptional.
Not only did I come across a huge variety of products on their website, but I also explored various other services. For a more in-depth analysis, let’s go ahead and explore all the standout services Miles Franklin offers.
Starting with their vast product offerings, Miles Franklin has an easy-to-navigate website that features a wide range of precious metals. Besides the categories of metals, their website also allows you to choose products from well-known mints, per your preferences. I came across a list of categories when navigating through Miles Franklin’s website:
Besides the wide variety of products, I also admire Miles Franklin for its partnership with a secure storage facility like Brink’s, a subsidiary of Brink’s, Incorporated. Founded in 1859 in Chicago, Illinois, Brink’s has become one of the biggest secure logistics companies globally.
In collaboration with Brink’s, Miles Franklin extends two distinct storage programs to investors. The first, termed the Private Safe Deposit Box program, facilitates the exclusive storage of gold and platinum at Brink’s depositories in Ontario, Toronto, and Vancouver, B.C.
Meanwhile, the second option comprises a fully segregated precious metals storage program. Given my investment in a precious metals IRA, i wanted to select a storage depository in proximity to my residence. Because of that, it was only logical for me to leverage Miles Franklin’s segregated storage, in conjunction with Brink’s, located in Brink’s Montreal, Canada.
This made it especially easy for me to visit and physically check my precious metals whenever needed, making it easier for me to trust their secure depository with the storage of my assets. With that said, you can also explore this storage option at Brink’s facilities in:
Reliable Customer Support
As mentioned earlier, Miles Franklin’s customer service is phenomenal. And as an investor with decades of experience investing with various companies today, I can still vouch for Miles Franklin’s customer support service. Why? Well, regardless if it’s your first or most recent experience investing with them, the team is always highly helpful, knowledgeable, and easily accessible. This is of course, from my own personal experience.
So much so that I prefer reaching out to them first when exploring investment options tailored to my specific needs and goals. For example, when I recently chose to invest with them again and contacted their customer support team at 1-952-929-7006, I was pleased to receive the same warm and professional treatment as my first time.
I asked their team about the latest products and the best-selling options in the market, and without trying to sell me their products, their focus was to help me explore all my options and decide on a product that best suited my budget and preferences. It was like talking to a friend and asking for investment suggestions, only these friends knew exactly what to recommend from a huge list of options.
With that said, It’s not just me praising their knowledgeable and reliable team, plenty of other investors have received the same treatment. In fact, according to one satisfied investor’s online review, “Miles Franklin is stellar.” This adds more to the credibility and reliability of the company, both for beginner and seasoned investors like myself.
Amazingly, Miles Franklin sells precious metals and purchases gold and silver from potential sellers. The best part about selling your assets to Miles Franklin is how simple the selling process is! Speaking from my own experience, here’s how I sold my precious metals to the company:
Note: Keep in mind that check payments are free of cost. Meanwhile, the company charges a $25 fee for wire transfers.
Miles Franklin Fee
When assessing all my investment options regarding fees, I found Miles Franklin to be one of the few companies that charge competitive precious metals prices and limited fees.
For a clearer idea, here’s a breakdown of the different fees linked with investing with Miles Franklin:
Note: This storage option also involves an additional account closing fee, a re-purchase fee for adding new assets to your account, and more. You can consult with the depository service to get a clearer fee estimate for the specific service you require.
Miles Franklin Rating on Consumer Review Sites
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Better Business Bureau (BBB)
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Pros and Cons
Whether it be their wide range of products, reliable customer support team, or additional services, they all make Miles Franklin a trusted precious metals dealer in the industry.
However, despite all these offerings, I do suggest considering your specific investment needs and requirements to make a more informed decision.
No, Miles Franklin doesn’t have any minimum order requirements. Hence, it is an ideal investment partner for both small-scale and large-scale investors.
As per the rules and regulations at Miles Franklin, once you place an order, it is 100% confirmed. The only way to cancel it afterwards is to directly contact their Licensed Miles Franklin Broker.