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Lexi Capital Reviews

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7.5/10 (Expert Score)
Product is rated as #15 in category Precious Metals
Lexi Capital appears to be a competent and customer-focused precious metals dealer and IRA provider, well-regarded for its educational support and customer service. The Gold Assurance Plan is a unique offering that adds value to their services. However, potential clients might find the lack of online transparency and detailed fee information a drawback. Those interested in engaging with Lexi Capital should be prepared to initiate direct contact to obtain detailed information about products and services.
Reputation and Experience
5
Fees and Costs
9
Customer Service
7.5
Selection of Offered Metals
9
Storage and Security
7.7
Buyback Policy
7.7
Educational Resources
7.4
Transparency
7
Accreditations and Licensing
7.4
Ease of Transaction
7.7
PROS:
  • Customer Service and Education: Lexi Capital is praised for its exceptional customer service and extensive educational resources. The company provides a high level of guidance from knowledgeable specialists, particularly in the area of Gold IRAs.
  • Gold Assurance Plan: One of Lexi Capital's standout features is its Gold Assurance Plan, which offers six months of price protection for gold and silver, helping to safeguard investments against short-term market fluctuations​.
  • Low Minimum Investment Requirement: Lexi Capital has a relatively low minimum investment requirement of $1,500, making it accessible for individuals starting with smaller amounts​.
CONS:
  • Limited Online Transparency: The company's website lacks detailed product listings and comprehensive fee information, requiring potential clients to contact them directly for these details​.
  • Limited Product Range: While Lexi Capital offers a variety of precious metals, they primarily focus on gold and silver, with limited options for other metals like platinum and palladium.
  • Fees Not Clearly Listed: The company does not provide a clear breakdown of all associated fees on its website, which could lead to surprises for uninformed customers​.

What is Lexi Capital?

Lexi Capital is a precious metals dealer located in Raleigh, North Carolina. Established in 2010, the company asserts itself as the result of visionary individuals who recognize the importance of providing market insights and assets that can withstand economic downturns to all.

In addition, their office is situated at 310 S, Harrington Street, Raleigh, NC 27603.

They offer investors the opportunity to establish self-directed IRAs and have earned an outstanding A+ rating from the Better Business Bureau.

Lexi Capital offers self-directed IRAs that specialize in gold and silver investments. Furthermore, the company provides a Gold Assurance Plan that safeguards customers against short-term market fluctuations.

People Behind Lexi Capital:

Chris Mitchell is the CEO of Lexi Capital. He has held the position of CEO at the firm since 2020.

Chris is highly involved in the investment sector, having also founded BitcoinAdvizers, a company specializing in Bitcoin and cryptocurrency IRAs.

In addition, he also operated Search Wire, a mobile marketing and lead generation service specifically designed for realtors.

Chris Mitchell has extensive experience in sales, marketing, and alternative investments. With his extensive experience, he has successfully led Lexi Capital and positioned it as a specialized IRA provider.

He holds an Associate of Arts in Business and Psychology from Pierce College.

Unfortunately, besides the CEO, there is a lack of available information regarding the other team members of Lexi Capital. In addition, the company does not disclose any information about its founders.

The founders of the company were two UCLA graduates who aimed to establish a retail venture that offered consumers gold and silver investments with the same level of security as Wall Street investment firms.

This is why the Gold Assurance Plan was created, as it plays a crucial role in Lexi Capital’s gold IRA services.

How to Open a Gold IRA with Lexi Capital:

  • Initially, it is necessary to reach out to the company. They can assist you in setting up a new self-directed IRA. With a self-directed IRA, you have the freedom to explore alternative investments like real estate and precious metals.
  • It is important to gather your recent retirement account statements in preparation for setting up your new gold IRA account, according to Lexi Capital.
  • After setting up your new Lexi Capital IRA, simply add funds to it. Their representatives will expertly guide you through the investment process and if you have a 401(k) account, they can help you roll over it to your new gold IRA account.
  • After you have successfully deposited funds into your self-directed IRA, you can start distributing those funds to the assets of your choice.

Lexi Capital Products:

Although the website lacks detailed product information, the company invites investors for direct engagement to offer a personalized investment experience.

Investors must ensure that any products they consider align with IRS regulations for inclusion in a gold IRA.

This focus on personalized service can be seen in a positive light, as it demonstrates a dedication to meeting the specific needs of every client.

Lexi Capital Fees:

At Lexi Capital, clients with investment amounts of $50,000 or less are required to pay $285 for the first year and $180 for each subsequent year.

However, accounts over $50,000 are fee-free with this company.

The firm requires a minimum investment of $1,500. The cost of your storage will vary depending on the type of storage you choose. Segregated storage is priced at $150 per year, while non-segregated storage is available at a lower cost of $100 per annum.

For any non-IRA precious metals you buy, there will be a shipping fee of $14.95. Additionally, the company provides a 3% discount on your shipping order when payment is made through cash, wire transfers, or check.

For non-IRA purchases, you have the option to return or exchange the product within 3 days of placing your order. However, the firm will impose a $45 cancellation fee, in addition to any potential ‘market loss’ that the firm may have experienced during that time.

Unique Highlights of Lexi Capital:

Lexi Capital stands out from the competition due to a multitude of exceptional qualities. These are the key qualities of this gold IRA company:

Custodial Partnership:

Despite being a relatively new company, Lexi Capital gains credibility through its custodial partner, STRATA Trust.

According to the IRS rules, a custodian is required for your precious metals IRA. Our custodian ensures strict compliance with all the rules and regulations for your gold IRA.

STRATA Trust has been operating in the industry since 2008 and is a subsidiary of Horizon Bank. They manage a portfolio of over $3 billion in assets.

Located in Austin, Texas, STRATA Trust is highly regarded as one of the most reputable IRA custodians in the market.

IRA Storage Partners:

Only IRS-approved vaults are authorized for storing the precious metals of your gold IRA. Lexi Capital has partenered with Delaware Depository to provide storage services to its clients.

Delaware Depository operates from two different locations:

  • Boulder City, Nevada
  • Wilmington, Delaware

In addition, Delaware Depository is highly regarded as a storage provider. They provide a Class III vault storage that is insured by Lloyd’s of London for up to $1 billion.

The storage locations of the Delaware Depository have received approvals from the IRS.

Additionally, you have the option to select between segregated storage and non-segregated storage when working with the Delaware Depository.

It’s important to keep in mind that segregated storage comes with a higher price tag.

The Gold Assurance Plan:

The Gold Assurance Plan is a standout feature of Lexi Capital. It offers you the same level of protection against market fluctuations as the one enjoyed by major institutions from bullion providers.

This feature sets Lexi Capital apart from the competition and is one of the main reasons why it is so popular.

Lexi Capital offers a facility that provides 6 months of protection for eligible coins, with coverage of up to $500 per ounce. They will let you know if your portfolio qualifies for the Gold Assurance Plan when you make your purchase.

Lexi Capital Reviews and Ratings on Other Platforms:

There are only a few Lexi Capital reviews available online.

Nevertheless, the company’s business practices have enabled it to achieve an A+ rating on BBB, which is the highest rating a business can receive.

TrustLink features 3 reviews for Lexi Capital, all of which award the company a perfect 5/5 star rating.

In a similar vein, they were awarded a AAA rating on the Business-Consumer Alliance (BCA).

Lexi Capital Review: Conclusion

Lexi Capital is a reputable gold IRA company. With a solid track record of over ten years in the industry, they proudly provide their customers with the exclusive Gold Assurance Plan.

The company has formed partnerships with STRATA Trust for custodial services and the Delaware Depository for storage facilities. Having esteemed partners greatly enhances the company’s credibility.

In addition, they have achieved top ratings on BBB and BCA, demonstrating their exceptional reputation.

With a minimum investment requirement of just $1,500, Lexi Capital is easily accessible to a wide range of precious metals investors.

Specification: Lexi Capital Reviews

Main
BBB Rating

A+

Business Consumer Alliance

AAA

Custodian

STRATA trust Company

IRAEmpire

4+

Storage Fees

Standard

Specification
Address

310 S, Harrington Street, Raleigh, NC 27603

Leadership

Chris Mitchell

Minimum Investment

$1,500

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