Sprott Money Review

Sprott Money
Sprott Money - by, April 1, 2011
4/ 5stars
on
Sprott Money
  • Editor Rating
  • Very Good
Review Summary :

Sprott Money is a precious metals investment firm located in Toronto, Ontario, Canada. Likewise, the company operates as a Gold IRA company, offering storage options in the US, Canada, and abroad. Sprott Money has partnered with New Direction Trust Company for custodial services. Additionally, clients can select from Brinks, International Depository Services of Canada, or Strategic Wealth Preservation (SWP) for vault services. The Sprott Money inventory is focused primarily on providing clientele with some of the most popular IRA eligible gold and silver coins and bars. There is also an entire section of collectibles for collectors. Despite the fact that the website indicates that platinum is an available option, at present none appears in the company catalog. Unfortunately, there are no available palladium products.

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Pros:

- Good inventory of some of the most popular IRA eligible gold and silver coins and bars
- New Direction Trust Company provides custodial services
- Vault storage options include Brinks, International Depository Services of Canada, and Strategic Wealth Preservation Cayman Islands

Cons:

- There is no available platinum at this time, despite the company website indicating otherwise
- There are no palladium products in the catalog
Quick Facts about Sprott Money
Year Founded:2008
Company Headquarters:Toronto, Canada
Annual Fees:Variable
Supports 401(k)?:No
Supports Roth IRA?:No
Crypto Offered?:No
Assets Offered:Gold, Silver, Platinum
Offers Other Assets?:No
Custodian:New Direction Trust Company
Current Promotion:N/A
Supports Home Storage?:Yes, for collectible products
International Storage?:Yes
Segregated Storage?:Yes
Preferred Storage Location:Several locations
Preferred Storage Vault: Brinks, International Depository Services of Canada, and Strategic Wealth Preservation (SWP)
Reviewed By::Sarah Bauder
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Company Info & Background

Sprott Money (www.sprottmoney.com) was founded by investor Eric Sprott in 2008. Headquartered in Toronto, Canada, it also assists customers in establishing self-directed IRAs.

The company’s primary focus is providing gold and silver bullion products that can be held in Precious Metals IRAs. A small selection of gold and silver bars and coins are available for purchase. Likewise, there is an entire section dedicated solely to collectible coins.

Moreover, Sprott Money is dedicated to keeping its customers educated and informed about all facets of precious metals investment. The website has a blog covering a myriad of topics, in addition to available podcasts covering precious metals.

 

Management Team

President – Larissa Sprott

Since 2009, Larissa Sprott (daughter of founder Eric Sprott) has been the company’s president. Larissa has nearly 20 years of experience in the financial industry. Sprott has a degree in English from the University of Toronto and holds a Master of Science degree.

 

Sprott Money Custodians and Storage

Sprott Money has partnerships with three renowned precious metals vault companies: Brinks, International Depository Services of Canada, or Strategic Wealth Preservation (SWP). North American storage locations include Toronto, Ontario, Langley, British Columbia, and New Castle, Delaware. For international storage options, customers can choose between vault locations in Singapore, Zurich, Switzerland, or George Town, Grand Cayman.

Custodial services are provided to clients by New Direction Trust Company.

 

Sprott Money Products

Although the company’s catalog is somewhat smaller than many other precious metals dealers, the emphasis is on providing IRA eligible bullion to customers. Gold and silver IRA eligible bars and coins are present in the inventory. Although the website indicates that platinum is an available option, none appears within the actual online catalog. Examples of available bullion include the  Gold Britannia, Gold Canadian Maple Leaf, Gold Austrian Philharmonic, and Gold American Eagle. Silver options include the SIlver Australian Kangaroo, Silver Canadian Maple Leaf, and Silver Austrian Philharmonic. Gold and silver bars of various weights are also in the inventory. Unfortunately, at this time there is no available platinum or palladium.

View more Sprott Money products here.

 

Sprott Money Precious Metals IRA Info

CompanySprott Money
Annual CostVariable
Scaled or Flat Fees? Flat Fees
Partnered Storage Vaults Brinks, International Depository Services of Canada, or Strategic Wealth Preservation (SWP)
Partnered CustodiansNew Direction Trust Company
Metals AvailableGold, Silver, Platinum,
Years in Business13 years (2008)

 

Sprott Money Reviews, Ratings, and Complaints

Below we offer a diverse selection of reviews, ratings, and complaints pertaining to Sprott Money from trusted consumer reporting and rating agencies sites. Simply click on the links provided to study the reviews in greater detail.

BBB Rating: A+ (Details)

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

BCA: AA (Details)

BCA Complaints: 0 Complaints (Details)

Trustpilot: Profile (Details)

RipOff Report: No Reports

SiteJabber: Profile (Details)

TrustLink: Profile (Details)

Yellow Pages: Profile (Details)

Yelp: No Profile 

Facebook: Profile (Details)

 

Sprott Money Contact Information

  • Address: 130 Queens Quay E., Suite #1224, Toronto, ON, M5A 0P6 Canada
  • Phone: (888) 861-0775
  • Email: sales@sprottmoney.com
  • Website: www.sprottmoney.com

 

Sprott Money
Sprott Money - by, April 1, 2011
4/ 5stars
on
Sprott Money
  • Editor Rating
  • Very Good
Review Summary :

Sprott Money is a precious metals investment firm located in Toronto, Ontario, Canada. Likewise, the company operates as a Gold IRA company, offering storage options in the US, Canada, and abroad. Sprott Money has partnered with New Direction Trust Company for custodial services. Additionally, clients can select from Brinks, International Depository Services of Canada, or Strategic Wealth Preservation (SWP) for vault services. The Sprott Money inventory is focused primarily on providing clientele with some of the most popular IRA eligible gold and silver coins and bars. There is also an entire section of collectibles for collectors. Despite the fact that the website indicates that platinum is an available option, at present none appears in the company catalog. Unfortunately, there are no available palladium products.

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