National Gold Consultants: Unique Highlights Overview
National Gold Consultants (NGC) is a Minnesota-based firm specializing in integrating tangible precious metals into investment portfolios. Their unique approach and services include:
Find the Best Gold IRA Company of Your State
Advisor-Centric Model
NGC collaborates primarily with financial advisors, providing them with the necessary training and resources to incorporate physical gold and silver into their clients’ portfolios. This partnership enables advisors to diversify assets effectively, enhancing portfolio resilience in volatile economic conditions.
Emphasis on Portfolio Resiliency
Recognizing the importance of diversification, NGC advocates for the inclusion of tangible assets to strengthen portfolio performance during economic uncertainties. Their strategies are designed to protect and grow wealth by leveraging the stability of precious metals.
Comprehensive Educational Resources
NGC offers a wealth of educational materials, including white papers, value cycle illustrations, and market analyses, to equip advisors and clients with in-depth knowledge of the precious metals market. This commitment to education ensures informed decision-making aligned with individual financial goals.
Specialized Services for Retirement Accounts
Understanding the complexities of investing retirement funds in precious metals, NGC provides tailored guidance for clients looking to diversify their IRAs or 401(k)s with physical gold and silver. Their expertise facilitates seamless integration of tangible assets into retirement planning.
Commitment to Integrity and Fiduciary Responsibility
NGC upholds a strong commitment to integrity, honesty, and fair dealing, assisting advisors in fulfilling their fiduciary duties. By prioritizing clients’ best interests, they foster trust and long-term relationships within the financial community.
These distinctive features position National Gold Consultants as a valuable partner for financial advisors and clients seeking to enhance portfolio resilience through the strategic inclusion of precious metals.
Who are the People Behind National Gold Consultants?
National Gold Consultants (NGC), established in 2017 and headquartered in Buffalo, Minnesota, is led by a team of professionals dedicated to integrating tangible precious metals into investment portfolios.
Key Personnel:
- Shaphan Kirkpatrick – Chief Executive Officer (CEO): Shaphan Kirkpatrick serves as the CEO of National Gold Consultants, overseeing the firm’s strategic direction and operations.
- Matthew Dwyer – Founder: Matthew Dwyer founded National Gold Consultants, bringing his vision and expertise to the firm’s establishment and growth.
The leadership team at NGC emphasizes integrity, fiduciary responsibility, and personalized service, working closely with financial advisors and clients to incorporate physical gold and silver into diversified investment strategies.
Does National Gold Consultants Offer IRA Services?
Yes, National Gold Consultants offers Precious Metal Individual Retirement Account (IRA) services, enabling clients to diversify their retirement portfolios with physical gold and silver. Here’s how their process works:
Collaboration with Trusted Custodians and Depositories
- Custodian Partnership: National Gold Consultants collaborates exclusively with GoldStar Trust Company, a reputable custodian specializing in self-directed IRAs.
- Depository Services: They utilize the Delaware Depository for secure storage, ensuring that all precious metals are held in an IRS-approved facility.
Establishing a Precious Metals IRA
- Account Setup: National Gold Consultants assists clients in establishing a self-directed IRA through GoldStar Trust Company, facilitating the inclusion of physical precious metals in retirement accounts.
- Funding the Account: Clients can fund their new IRA by rolling over existing retirement accounts or making new contributions, adhering to IRS regulations.
Purchasing and Storing Precious Metals
- Selection of Metals: Once the IRA is funded, clients work with National Gold Consultants to select appropriate IRS-approved gold and silver products for their portfolio.
- Storage: The purchased metals are then securely stored at the Delaware Depository, ensuring compliance with IRS requirements that prohibit personal possession of IRA-owned precious metals.
Fees and Costs
- Annual Fees: The annual fees associated with maintaining a Precious Metals IRA through National Gold Consultants are approximately $175, varying based on the account size.
- Additional Services: National Gold Consultants provides assistance during liquidation or required minimum distributions at no extra cost, offering support throughout the investment lifecycle.
Comprehensive Support
- Guidance: National Gold Consultants offers end-to-end assistance, guiding clients through each step of the process to ensure a seamless experience.
- Advisor Collaboration: For clients with financial advisors, National Gold Consultants coordinates with them to integrate precious metals into the client’s overall retirement strategy.
By offering these services, National Gold Consultants enables clients to enhance their retirement portfolios with tangible assets, providing a hedge against economic volatility and inflation.
What Products Can You Purchase at National Gold Consultants?
National Gold Consultants (NGC) specializes in providing a range of precious metal products tailored to meet the diverse needs of investors and financial advisors. Their offerings include:
Gold Products
- Qualified Gold: These are investment-grade gold products that meet specific purity and quality standards, making them suitable for inclusion in retirement accounts and investment portfolios.
- Non-Qualified Gold: These gold products may not meet the stringent criteria for retirement accounts but are still valuable for personal investment and wealth preservation.
Silver Products
- Qualified Silver: High-purity silver products that are eligible for inclusion in IRAs and other investment accounts, offering a hedge against economic volatility.
- Non-Qualified Silver: Silver products that, while not meeting IRA standards, provide opportunities for diversification and tangible asset ownership.
Numismatic Coins
NGC offers a selection of numismatic coins, which are valued not only for their metal content but also for their rarity, historical significance, and collectibility.
Precious Metals for IRAs
For clients interested in incorporating physical metals into their retirement accounts, NGC provides guidance on selecting appropriate products that comply with IRS regulations for Precious Metals IRAs.
Secure Storage Solutions
While clients have the option to take physical possession of their purchases, NGC also offers secure storage solutions through trusted depositories, ensuring the safety and security of their investments.
It’s important to note that NGC emphasizes a personalized approach, tailoring their product recommendations to the specific needs and goals of each client or financial advisor. They prioritize education and guidance, ensuring that clients make informed decisions when incorporating precious metals into their portfolios.
National Gold Consultants Fees and Pricing:
National Gold Consultants (NGC) offers services related to the acquisition and management of precious metals, particularly within Individual Retirement Accounts (IRAs). Here’s a detailed overview of their fees and pricing structure:
IRA Account Fees
- Annual Maintenance Fee: NGC collaborates with GoldStar Trust Company as the custodian and Delaware Depository for storage. The annual fees for maintaining a Precious Metals IRA are approximately $175, varying based on the account size.
- Additional Costs: NGC does not charge extra fees for assisting clients during liquidation or required minimum distributions, providing support at no additional cost.
Purchase and Storage of Precious Metals
- Product Pricing: The cost of precious metals fluctuates with market conditions. NGC offers competitive pricing on products like Canadian Maple Leaf coins, which are recommended for their performance and liquidity.
- Storage Fees: For metals held within an IRA, storage is managed through Delaware Depository. The associated storage fees are included in the annual maintenance fee.
Buyback Policy
- Repurchase Offers: NGC is open to buying back coins from clients, offering the current acquisition price at the time of the transaction. This policy provides liquidity options for investors.
Additional Considerations
- No Hidden Fees: NGC emphasizes transparency, ensuring clients are aware of all costs upfront without unexpected charges.
- Personalized Service: They tailor their services to individual client needs, which may influence specific recommendations and associated costs.
Why aren’t There Many National Gold Consultants Complaints and Reviews?
The limited number of complaints and reviews about National Gold Consultants (NGC) can be attributed to several factors related to their business model, target audience, and operational practices. Here’s an in-depth explanation:
Advisor-Centric Business Model
- Focus on Financial Advisors: NGC primarily collaborates with financial advisors rather than selling directly to consumers. Their role is to educate and provide resources to advisors, who then guide their clients on incorporating precious metals into portfolios.
- Fewer Direct Consumer Transactions: Since NGC interacts mostly with professionals, fewer individual consumers have direct dealings with them, leading to fewer reviews or complaints.
High Ethical Standards
- Commitment to Integrity: NGC emphasizes fiduciary responsibility and works to uphold the highest ethical standards. Their dedication to transparency and fair dealing reduces the likelihood of disputes.
- Professional Partnerships: Collaborating with financial advisors and reputable custodians like GoldStar Trust Company ensures compliance with industry regulations and best practices, minimizing errors or issues.
Niche Clientele
- Specialized Audience: NGC targets investors and advisors interested in precious metals as part of a diversified investment strategy. This niche audience is often well-informed and less likely to lodge complaints compared to retail consumers.
- Education-Focused Approach: NGC’s emphasis on educating clients and advisors fosters informed decisions, reducing misunderstandings or dissatisfaction.
Small Business Advantage
- Personalized Service: NGC provides tailored solutions and personalized consultations, creating positive customer experiences and minimizing dissatisfaction.
- Client Retention: Strong relationships with advisors and repeat business contribute to fewer negative experiences or public complaints.
Positive Reputation Management
- Limited Online Presence: NGC focuses more on professional relationships and less on public-facing marketing, resulting in fewer public reviews.
- Strong BBB Rating: NGC’s A+ rating with the Better Business Bureau reflects a commitment to resolving any potential issues promptly, contributing to their positive reputation.
High Customer Satisfaction
- Quality of Service: Clients who work with NGC often praise their professionalism, transparency, and expertise in integrating precious metals into financial strategies.
- Few Service Errors: NGC’s structured processes and partnerships with reliable custodians and depositories reduce the likelihood of service-related issues.
The limited number of complaints and reviews about National Gold Consultants is a reflection of their advisor-centric model, commitment to ethical practices, and niche target audience. Their focus on professional partnerships and personalized service fosters positive client relationships and minimizes public-facing interactions that typically lead to online reviews.
Are There Any National Gold Consultants Lawsuits?
No.
We didn’t find any lawsuits involving this gold dealer.
Can You Trust National Gold Consultants? Is National Gold Consultants Legit?
Yes.
They seem legitimate.
Whenever you’re curious about a company’s legitimacy, follow these tips:
Tip #1: Check Their Regulatory Compliance and Accreditation
Check for proper licensing and registration with relevant financial regulatory bodies such as the Securities and Exchange Commission (SEC) or Financial Industry Regulatory Authority (FINRA).
Verify the company’s accreditation with industry organizations like the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC).
It will help you check how credible they are.
Tip #2: Look into The Company’s Background
- Research the company’s history, including years in business and any name changes.
- Examine the Better Business Bureau (BBB) rating and accreditation status.
- Review customer feedback on reputable third-party review sites like Trustpilot or Consumer Affairs.
Tip #3: Does the Company Offer Good Resources?
- Assess the clarity of information provided about fees, storage options, and buyback policies.
- Evaluate the quality and depth of educational resources offered to investors.
- Verify that the company provides clear information about IRS regulations regarding precious metals IRAs.
Tip #4: What are Their Product Offerings and Pricing?
- Ensure the company offers IRS-approved precious metals for IRA investments.
- Compare pricing with other reputable dealers to ensure competitiveness.
- Be wary of companies pushing numismatic or collectible coins over bullion for IRA investments.
Tip #5: Confirm the Storage and Custodian Partnerships
Verify that the company works with IRS-approved custodians and secure storage facilities. According to IRS’ regulations, you cannot store your gold IRA’s precious metals at your home.
You’ll need a certified third-party storage provider.
Check the company’s storage and custodian partner to ensure you’re working with a reliable firm. Moreover, ensure they offer segregated storage options for your precious metals.
Segregated storage means your owned precious metals products will be stored separately from other investors’ possessions. Similarly, non-segregated storage means your products will be stored along with others.
Keep in mind that storage providers charge extra for segregated storage.
Some popular custodians include Equity Trust and Goldstar Trust.
Red Flags to Watch For in Gold IRA Companies
- Promises of guaranteed returns or claims of “secret” investment strategies.
- Pressure to act immediately or make large investments without proper consideration.
- Lack of physical address or unclear company ownership structure.
- Unwillingness to provide detailed information about fees or policies in writing.
By thoroughly evaluating these aspects, investors can make an informed decision about the legitimacy and reliability of a gold IRA company. It’s crucial to conduct due diligence and, if necessary, consult with a financial advisor before making any investment decisions.
National Gold Consultants Review Summary:
Overall, National Gold Consultants seems like a decent choice for many people.
However, it’s always best to browse the market to see what other companies have to offer.
What are your thoughts on NGC? Let us know in the comments.
