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If you're curious about investing in precious metals, you've probably heard of Miles Franklin. It's a name that's been around since 1989, and it's built quite a reputation in the industry. In this article, we're diving deep into what Miles Franklin offers.
From their history and services to the products they have on the shelves, we're covering it all. So, let's get started and explore every nook and cranny of this well-known precious metals dealer.
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Company Overview
Miles Franklin, founded in 1989 by Andy Schectman and his father, has grown to be more than just a precious metals dealer.
They have cultivated a reputation for prioritizing customer service and education, firmly believing that precious metals are a crucial component of wealth.
This philosophy has been the cornerstone of their operations for over three decades, guiding their approach to every customer interaction and business decision. As a United States Mint-authorized reseller, a distinction held by only a select few, Miles Franklin has achieved over $9 billion in sales.
This achievement is not just a testament to their business acumen but also to their commitment to providing quality products and services. Their A-plus rating with the Better Business Bureau and a record free of significant customer complaints underscore their reliability and credibility in the market. This standing is particularly noteworthy in an industry where trust and reputation are paramount.
Services Offered
Miles Franklin's services extend beyond the simple buying and selling of precious metals. They offer a comprehensive suite of services tailored to meet the diverse needs of investors, whether they are seasoned traders or new to the world of precious metals.
Individual Retirement Accounts (IRAs)
A significant aspect of their services is the facilitation of Precious Metal IRAs. These accounts allow customers to diversify their retirement portfolios with precious metals, providing a hedge against market volatility and inflation.
Miles Franklin guides customers through the process of setting up these IRAs, making it a seamless and secure experience. This service is particularly beneficial for those looking to incorporate a tangible asset into their retirement planning, offering a level of security that is often sought after in uncertain economic times.
Precious Metals Storage Solutions
Understanding the importance of secure storage for precious metal investments, Miles Franklin offers robust storage solutions through Brinks Global Services. This partnership ensures that customers' investments are safeguarded in state-of-the-art facilities across the United States and Canada.
These storage solutions are designed to provide peace of mind, knowing that your investments are protected by some of the most advanced security measures in the industry. This aspect of their service is crucial, as the physical security of precious metals is a primary concern for many investors.
Brokerage Services
Miles Franklin stands out for its personalized brokerage services. They don't just sell precious metals; they offer tailored guidance and advice to fit each investor's unique profile. This approach makes investing in precious metals more accessible and less intimidating, especially for those who are new to this type of investment.
Their team of experts works closely with clients, providing insights and strategies that align with individual investment goals and risk tolerances.
This personalized service is a hallmark of Miles Franklin's commitment to their clients, ensuring that each investment decision is informed, strategic, and aligned with the client's overall financial objectives.
Products Offered: A Diverse Portfolio
Miles Franklin's product range is not just extensive; it's meticulously curated to cater to the nuanced needs of different investors. When it comes to gold products, they offer more than just variety in sizes and designs.
Each gold coin and bar is a testament to quality and value, ensuring that investors are not just buying gold, but are making a worthwhile investment. Their collection includes globally recognized bullion like American Eagles, Canadian Maple Leafs, and even exclusive collectible pieces that are as much an investment in art as they are in precious metals.
The silver offerings at Miles Franklin are equally impressive. They understand that silver investors often have different objectives compared to gold investors.
Hence, their inventory includes investment-grade bullion for those looking at market value and beautifully crafted collectible items for those who value aesthetic and historical significance. This range ensures that whether you're a seasoned investor or a novice collector, there's something that will meet your specific investment goals.
In the realm of platinum and palladium, Miles Franklin steps up as a guide to these often-overlooked investment options. They offer a range of products in these metals, providing an excellent opportunity for investors to diversify their portfolios beyond the traditional gold and silver.
Their platinum and palladium products are sourced with the same commitment to quality and value, making them a smart choice for those looking to expand their investment horizons.
Storage and Security
When it comes to storing precious metals, security is a non-negotiable aspect. Miles Franklin understands this and has partnered with Brinks Global Services, a name synonymous with security and trust. Their storage facilities are not just about keeping your investments safe; they are about giving you peace of mind.
These state-of-the-art facilities are equipped with advanced security technologies and are strategically located across the United States and Canada, ensuring easy accessibility for North American investors. This partnership reflects Miles Franklin's commitment to providing comprehensive solutions that extend beyond buying and selling precious metals.
Fees and Pricing
Our thorough investigation into Miles Franklin's fee structure revealed a transparent and straightforward approach. They understand that clarity in pricing is crucial in building trust with investors. Their fees are competitive, ensuring that investors get good value for their investments.
This is particularly important in the precious metals market, where small differences in margins can have a significant impact on investment returns. Moreover, their pricing strategy is designed to be fair and accessible, making precious metals investment viable for a wide range of investors, from those making small, personal investments to large institutional buyers.
Customer Service and Support
Drawing from our experience, customer service at Miles Franklin isn't just a department; it's an integral part of their ethos. They understand that investing in precious metals can be daunting, especially for newcomers.
That's why they've established a robust support system. Customers can reach out via phone, email, or even in person at their Minnesota office. Their team is known for being approachable and knowledgeable, ready to assist with everything from order inquiries to detailed investment advice.
This personalized approach ensures that each interaction is more than a transaction; it's a step towards building a lasting relationship.
Moreover, the FAQ section on the website is comprehensive, addressing a wide range of queries, which reflects their commitment to empowering customers with information. This level of support is particularly crucial in an industry where trust and reliability are paramount.
Miles Franklin's Unique Selling Propositions
Miles Franklin distinguishes itself in the precious metals industry through its stringent adherence to legal and ethical standards, particularly in Minnesota, a state known for its rigorous regulations in the precious metals industry. This commitment to compliance provides customers with an added layer of confidence.
Being licensed, bonded, and accredited in a sector that often lacks federal regulation is not just a legal formality; it's a testament to their dedication to customer protection and service integrity. This unique positioning in the market not only elevates its reputation but also reassures customers that they are dealing with a company that values transparency and accountability.
Furthermore, their accreditation and positive standing with the Better Business Bureau reinforce their commitment to maintaining high standards in all aspects of their operations.
Investment Education and Resources
Based on our observations, Miles Franklin takes investor education seriously, understanding that informed customers make better investment decisions. Their resources go beyond simple product catalogs; they offer insightful market analyses and educational content that demystifies the complexities of precious metals investing.
Whether it's understanding the nuances of bullion trading or grasping the economic factors that influence precious metals prices, their resources are designed to provide clarity and depth. Additionally, they frequently update their blog and media sections with the latest news and trends, helping investors stay ahead in a dynamic market.
This educational approach aligns with their belief that precious metals are more than just commodities; they are a form of wealth that requires understanding and respect. By equipping their clients with this knowledge, Miles Franklin empowers them to make investment choices that align with their financial goals and risk profiles.
FAQs
How Does Miles Franklin Ensure the Authenticity of Their Precious Metals Products?
Miles Franklin prioritizes the authenticity and quality of their precious metals products. They employ rigorous verification processes, including sourcing their products directly from reputable mints and authorized distributors.
Additionally, as a United States Mint-authorized reseller, they adhere to strict standards for authenticity and quality.
Their products undergo thorough inspections to ensure they meet the precise metal purity and weight standards. This commitment to authenticity provides customers with the assurance that their investments are genuine and of the highest quality.
Can International Customers Use Miles Franklin's Services and Products?
Miles Franklin primarily serves customers within the United States and Canada, focusing on these markets to provide tailored and efficient services.
However, international customers interested in their products and services can contact their customer service team for specific inquiries. The team can provide information on international service availability, shipping options, and any additional requirements for international transactions.
International customers need to be aware of their country's regulations regarding precious metals investments and imports.
What Educational Resources Does Miles Franklin Offer for New Precious Metals Investors?
Miles Franklin is dedicated to educating their clients, especially new investors in the precious metals market. They offer a range of educational resources, including market analysis, investment guides, and insightful articles.
These resources cover various topics, from the basics of precious metals investing to advanced market trends and strategies.
Additionally, their customer service team is equipped to provide personalized advice and answer specific investment queries, helping new investors navigate the complexities of the precious metals market with confidence and informed understanding.
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Conclusion
After trying out this service, we conclude that Miles Franklin is a solid choice for those interested in precious metals investment. Their commitment to customer service, extensive product range, and secure storage options make them a reliable partner in your investment journey.
While every investment carries risk, Miles Franklin's approach to precious metals investment is grounded in education and customer support, making them a noteworthy option for both new and experienced investors.
Make sure to check out our compilation of The Top & Best Gold Companies to see if Miles Franklin Precious Metals made the cut
If you find Miles Franklin Precious Metals appealing, explore more on their website by visiting the link below.
