In this Broad Financial review, we take a look at the business, its offerings, what we liked, what we did not like and whether we would or would not use it to invest in gold or a gold-backed IRA.
Who is Broad Financial?
A notable investment company in the United States, Broad Financial is known for its wide selection of precious metals, which clients can buy and sell. Although the company is regarded as one of the popular broker of precious metals, they also offer other services.
For instance, clients are given professional assistance when it comes to setting up their gold IRA accounts. The company’s customer service representatives are also responsive and knowledgeable about the investment field, and this helps potential clients who are new to the experience of growing their wealth in this manner.
Broad Financial started in 2004 and it was established in New York. The company initially began as a real estate firm, but has added other products which are geared towards investing.
At present, it offers key services such as Solo 401(k) and self-directed IRA’s. Thus, people who are looking to diversify their investment and prepare for retirement can select from numerous options available to them.
What Does Broad Financial Offer?
Clients can select from a wide range of services available which including the following:
1. Checkbook Control
With this feature, you can be sure that your funds are well-managed and in excellent condition. It gives you the option to simply write a check that allows you to direct your IRA or Solo 401(k) into almost any asset in real time.
2. Real Diversification
A unique service offered by Broad Financial, this allows clients to invest their funds into personal loans, foreclosures, tax liens and real estate. Since there are several choices for fund investment, you are not tied up to just one possibility when it comes to maximizing your wealth.
3. Rollover of Funds
It is easy to rollover or transfer funds from your choice of retirement account or IRA plan whether you go for SEP IRA, 401K, 403b or Roth IRA, among a few others.
Things To Like About Broad Financial
Primarily what you will like about Broad Financial is that there are several products and services available, which gives you greater flexibility. Having numerous options to place your money and time on is crucial since you do not want to tie yourself up to one form of investment, which may or may not give you the returns you were looking for.
Another aspect about this company that draw people towards it is the professionalism and level of customer service provided by the company’s sales representatives. If you have any questions or concerns about the product or service you purchased, you can always contact the staff for support.
This is essential in a reliable investment company since you should be able to have any issues resolved considering the fact that your precious money is on the line.
It is interesting to note that the BBB and BCA have given Broad Financial a good rating, and this should be something to look into when choosing an investment company. However, you also need to do your research aside from checking the company’s ratings to have a more in-depth understanding about it.
Things NOT To Like About Broad Financial
It is not enough that the company gives clients several options when it comes to investing in different asset types. What matters most is the reliability and credibility of the company.
Presently, there are few complaints filed against this company which need to be reviewed. Also there are no existing reviews on TrustLink, which can be rather alarming since it has received a high rating from the BBB and BCA.
It’s absolutely critical to look at reviews by past customers, since it will give you an idea of what type of service you can expect from them. In this case there is a lack of client reviews which causes the decision making process to be a lot more difficult.
Broad Financial – IRA Fees
|Initial Setup Fees||$1400|
|Annual Admin Fees||Not Disclosed|
|Annual Storage Fees||$115|
|Minimum Purchase Amount||$10,000|
|Preferred Depository||Delaware Depository|
Rankings, Complaints and Customer Reviews
Learn more about what renowned authorities have to say about Broad Financial by looking at the ratings it has received from the following:
Better Business Bureau (BBB)
The BBB has given Broad Financial an A+ rating. Moreover, the company has been BBB-accredited since October 5, 2011. This is an outstanding rating, which reflects the integrity of the company.
In spite of the notable rating, you should still factor in the issues experienced by clients and assess if these are significant concerns that matter to you (read more).
Business Consumer Alliance (BCA)
Currently, Broad Financial is rated AAA by the BCA (read more).
There are no details provided by TrustLink with regard to the quality of services and products it offers, based on customers’ feedback.
The company has received some complaints from customers, and these were posted on Ripoff Report. While these have been resolved, it is worth taking these problems into consideration before you make a final choice when dealing with an investment company (read more).
Broad Financial Review – Final Thoughts
There are numerous areas about Broad Financial that we like such as their wide range of services and their good rating from authority sources. However, there are also some negative features that need to be addressed before making a final decision.
The main issue is the lack of transparency regarding customer reviews. There is an insufficient amount of information out there that doesn’t make one feel comfortable when investing with this company.
In addition there are numerous complaints posted, which can easily be found online, that describe the type of service you can expect with them.
Which Company Do We Recommend?
With all these aspects in mind, it may be more beneficial to deal with a more reputable and transparent company that you can trust.
Regal Assets has remained a fine choice for investors who have always counted on them to give them the security and confidence that their money is in safe hands. This company has received an overwhelmingly number of positive reviews from happy customers.
For more information about this company, check out this review of Regal Assets.
If you’re new to precious metals, Regal Assets provides potential clients with a free investment kit that gives you a solid understanding on the benefits of investing in gold and silver. To learn more about rolling over into a gold IRA visit Regal Assets or Call 1-844-913-7373.