Established in 1989, Miles Franklin has been one of the more popular precious metals investment firms in the country. Located in Wayzata, Minnesota, it offers a myriad of gold, platinum, silver, and palladium products for retirement savers and collectors, alike. Vault storage is provided by Brinks, with a number of location options. Miles Franklin has partnered with New Direction Trust Company as a custodian partner for Precious Metals IRAs. Unfortunately, the company website does not provide any prices for its products. Clients must call the toll-free number for pricing.
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Pros:
- Miles Franklin offers some of the most popular IRA-approved gold, silver, platinum, and palladium products
- Numismatic products are for collectors
- Wide range of bullion available in the inventoryCons:
- No product pricing is listed on the website, Instead, clients must contact Miles Franklin directly
Miles Franklin Company Info & Background
Founded in 1989, Miles Franklin Precious Metals (www.milesfranklin.com) is headquartered in Wayzata, Minnesota. It specializes as a precious metals investment company selling gold, silver, platinum, and palladium for retirement accounts and portfolios.
The catalog of products includes both precious metals coins and bars, some of which are IRA-approved. For collectors, there are numismatic gold options. Miles Franklin Precious Metals has a wide array of gold, silver, platinum, and palladium coins and bars that are eligible to be held in a Precious Metals IRA.
As of Q4 2023, there is no recent news media or mentions in the press of Miles Franklin Company. However, their X (Twitter) profile was active as recently as March 2023 and their LinkedIn profile was active at the time of writing in December 2023. The company appears to be in good standing with a legitimate following of loyal customers. To date, this company has sold over $9 billion in precious metals. Let’s see if they’re worth trusting with your savings, or whether you’re better off with another company.
Miles Franklin Management Team
Miles Franklin Precious Metals was founded by David Schectman and his son Andy, in 1989. On the company website, Andy is listed as the owner and president. David is listed as the CEO of Miles Franklin. Andy Schectman is a graduate in Economics from the University of Minnesota and got his licence as a financial planner before starting his adventure with Miles Franklin.
David Schectman is also a graduate form the University of Minnesota, and before founding Miles Franklin with his son, was working as a broker in a precious metals company. In 2006, David promoted his son to president and now has a role educating buyers though the companies blog and newsletters.
Miles Franklin Custodian and Storage
Custodial services at Miles Franklin are provided by New Direction Trust Company.
Secure storage is provided by Brinks International. Clients have a number of location options including Fully segregated facilities in Salt Lake City, Miami, Los Angeles, New York, Toronto, and Vancouver.
Shipping & Payments
Miles Franklin Precious Metals offers free shipping on all orders of 10 ounces or more for gold, platinum, and palladium. Orders of 500 ounces or more of silver also get free shipping. All items are sent with fully insured shipping and require a signature on delivery.
For orders below the minimum required for free shipping, there is a standard flat rate of $15 nationally that includes insurances. Miles Franklin does not accept credit or debit cards, the following lists accepted payment methods:
- Bank Wire
- Certified check
- Cashier’s check
- Money order
- Personal check
Miles Franklin Products
The Miles Franklin catalog provides an excellent selection of gold, silver, platinum, and palladium products. Both IRA-eligible bullion and numismatic gold coins are available, depending on client preferences. Some examples of items include the American Gold Buffalo, Gold Canadian Maple Leaf, American Gold Eagle, Palladium Canadian Maple Leaf, Australian Platinum Platypus, and Silver Eagle.
View more Miles Franklin products here.
Miles Franklin Precious Metals IRA Info
| Company | Miles Franklin |
|---|---|
| Annual Cost | Variable |
| Scaled or Flat Fees? | Flat Fees |
| Partnered Storage Vault | Brinks |
| Partnered Custodian | New Direction Trust Company |
| Metals Available | Gold, silver, platinum, and palladium |
| Years in Business | 32 years (1989) |
Miles Franklin Precious Metals Reviews, Ratings, and Complaints
Below we offer a diverse selection of reviews, ratings, and complaints pertaining to Miles Franklin Precious Metals from trusted consumer reporting and rating agencies sites. Simply click on the links provided to study the reviews in greater detail.
BBB Rating: A+ 
From 5 Customer Reviews (Details)
BBB Complaints: 0 complaints in last 3 years (Details)
BCA Rating: CC 
From 2 Customer Reviews (Details)
BCA Complaints: 0 complaints (Details)
Trustpilot: 
From 1 Customer Review (Details)
RipOff Report: No Reports
Yelp: 
From 4 Customer Reviews (Details)
Facebook: 
From 24 Customer Reviews (Details)
Miles Franklin Contact Information
- Address: 801 Twelve Oaks Center Drive, Ste 834, Wayzata, MN 55391-4650
- Phone: (800) 822-8080
- Email: info@milesfranklin.com
- Website: www.milesfranklin.com
Established in 1989, Miles Franklin has been one of the more popular precious metals investment firms in the country. Located in Wayzata, Minnesota, it offers a myriad of gold, platinum, silver, and palladium products for retirement savers and collectors, alike. Vault storage is provided by Brinks, with a number of location options. Miles Franklin has partnered with New Direction Trust Company as a custodian partner for Precious Metals IRAs. Unfortunately, the company website does not provide any prices for its products. Clients must call the toll-free number for pricing.User Rating
