Miles Franklin Review

Miles Franklin
Miles Franklin - by, April 1, 2011
3.5/ 5stars
on
Miles Franklin
  • Editor Rating
  • Good
Review Summary :

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 inventory

Cons:

- No product pricing is listed on the website, Instead, clients must contact Miles Franklin directly
Quick Facts about Miles Franklin
Year Founded:1989
Company Headquarters:Wayzata, Minnesota
Annual Fees:Variable
Supports 401(k)?:No
Supports Roth IRA?:No
Crypto Offered?:No
Assets Offered:Gold, Silver, Palladium, and Platinum
Offers Other Assets?:No
Custodian:New Direction Trust Company
Current Promotion:N/A
Supports Home Storage?:Yes, for collectible products
International Storage?:Only North American options
Segregated Storage?:Yes
Preferred Storage Location:Several locations
Preferred Storage Vault:Brink’s Global Service
Reviewed By::Sarah Bauder
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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. 

 

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

CompanyMiles Franklin
Annual CostVariable
Scaled or Flat Fees? Flat Fees
Partnered Storage VaultBrinks
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+ 4.4 out of 5 stars From 5 Customer Reviews (Details)

BBB Complaints: 0 complaints in last 3 years (Details)

BCA Rating: CC 5 out of 5 stars From 2 Customer Reviews (Details)

BCA Complaints: 0 complaints (Details)

Trustpilot:  3.7 out of 5 stars From 1 Customer Review (Details)

RipOff Report: No Reports

Yelp: 4 out of 5 stars From 4 Customer Reviews (Details)

Facebook: 4.8 out of 5 stars 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

Miles Franklin
Miles Franklin - by, April 1, 2011
3.5/ 5stars
on
Miles Franklin
  • Editor Rating
  • Good
Review Summary :

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.

Get Info Kit Now
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