Cornerstone Asset Metals is a boutique precious metals firm that caters to high net worth individuals. One of their biggest services is helping people to set up a precious metals IRA. But how do they compare to the other precious metals IRA competitors on the market?
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About Cornerstone Asset Metals
Cornerstone Asset Metals has been in operation since 2009 and serves a limited clientele. There is a team of asset management specialists who help each client with their needs. They say that the overall goal is to customize the financial strategy to fit every individual client.
Cornerstone is particularly interested in working with young people who have a high net worth. They want to work with millennials who are concerned about securing their retirement against potentially turbulent economic factors.
The company guarantees that when you place an order, their service will exceed expectations. If customers are unhappy with their orders, the company pledges to make it right. Since there are very few reviews of the company online, it's difficult for us to verify this claim. But it does seem that they care about their customers.
You can purchase IRA-approved precious metals. You can also go through the entire setup process for a precious metals IRA. It can be intimidating to set up a self-directed IRA, thanks to all the regulations and rules. Companies like Cornerstone Asset Metals aim to change that.
Environmental responsibility is another key focus of Cornerstone Asset Metals. They believe in sustainable and ethical mining, and they recycle precious metals whenever they can. Their recycled materials are compliant with the 99.9% purity rate required by ASTM codes.
Cornerstone Asset Metals emphasizes how important it is to have a diverse retirement portfolio. With a self-directed IRA, you can invest in non-traditional assets like real estate and precious metals. They have services available to help you set up and fund this account through a rollover.
For people who don't have an IRA, the company walks you through the steps to create one. Precious metals can only be held in a self-directed IRA. Your account will also need to be managed by a custodian, and the assets must be held in an approved depository.
Self-directed IRAs have a larger amount of freedom for investors. You can put traditional assets into the account, but you can also use alternative assets. You also have full control over the account holdings. With a traditional retirement account, a professional investment manager chooses your holdings.
If you already have an IRA, the company encourages you to reach out to your custodian and find out whether you can hold precious metals in it. If you can't, you'll need to make an additional IRA and roll over some of the funds from your existing retirement account.
After you have your account properly set up and funded, you will work with a dedicated Account Executive at Cornerstone Asset Metals. This executive is responsible for finding out about your goals, answering your questions, educating you about the different available options, and helping you choose which items are ultimately best for your future.
Once you've decided on the order, you'll authorize your custodian to make the purchase. Your dedicated executive can walk you through this paperwork as well.
The company sells a wide variety of gold and silver products that are eligible for use in an IRA. Unfortunately, though, their website doesn't explain which bars and coins are available for purchase. It seems like you need to make an account before you can peruse the inventory.
This is somewhat inconvenient. There are plenty of other companies that list the exact number of items that they have in stock, along with their real time pricing. It's a little frustrating that it's so difficult to find information about Cornerstone Asset Metals's products.
Because there's no information about the available products, we can't say for certain how low or high the prices are. When you're getting ready to purchase precious metals, you should always compare your quoted price to the spot price to make sure you're getting an acceptable deal.
There is one exclusive coin that you can invest in. This silver Cornerstone Crown is a way of symbolizing and celebrating the religious freedom protected by the Constitution's First Amendment.
There aren't very many reviews of the company's services available online. And unfortunately, there are a few red flags. It's important to look at what people have said via third party organizations like the Better Business Bureau and Business Consumer Alliance.
It's difficult to find many customer reviews. However, the ones that do exist seem to be largely positive.
The Better Business Bureau has not rated the company. This can indicate that they either don't have enough information or are doing an investigation. The company also has not been accredited with this organization.
There's better news when it comes to the Business Consumer Alliance. This organization gives the company an AAA rating, which is the highest that a corporation can receive.
On Trustlink, the company has just three reviews. But those reviews are all positive, garnering a total of 5 out of 5 stars.
There are no reviews or ratings to be found on Trustpilot. This is unusual, since many precious metals dealers curate Trustpilot reviews. You can find several precious metals IRA companies with hundreds of positive Trustpilot reviews.
On the company's website, there are a variety of different educational resources. For example, you can download a free investment guide to learn about precious metals IRAs. There are also articles and blog posts that teach you about silver, gold, and general precious metals investment.
There is even a free strategy guide for retirement that you can download once you register for an account.
Is Cornerstone Asset Metals a Scam?
Cornerstone Asset Metals is not a scam. They are a legitimate company and have been serving their customers for more than a decade. In addition, it's easy to find the company founder and owner online. Scam companies are often dishonest about who operates them, making it difficult for people to file complaints.
But just because it isn't a scam doesn't mean that you definitely want to invest. Not being a scam is the bare minimum. Cornerstone Asset Metals barely has any third party reviews from customers online, which makes it very difficult to determine the quality of their services.
In addition, there are some drawbacks that make the company perform more poorly than some of the competition. For example, they don't offer any platinum and palladium products. It's also difficult to determine what items are available for sale through the company website. Other dealers tend to list their available inventory, pricing, and sometimes even the algorithm they use to set their pricing.
Pros & Cons of Cornerstone Asset Metals
Cornerstone Asset Metals is a small business that has been selling precious metals online since 2009. They do appear to be a legitimate company, and there are a few positive reviews. But it's difficult to find a lot of customer feedback, so it's hard to determine the quality of the company's services.
In addition, their website doesn't make it very easy to buy precious metals. They don't provide a lot of information about which products they have in stock or what you can expect to pay. That means that you might not get any kind of price quote until you talk to a representative on the phone.
Overall, there's nothing glaringly wrong with Cornerstone Asset Metals. But there are several precious metals companies that simply offer a more convenient overall experience. We recommend working with one of these instead.
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