American Hartford Gold Lawsuit And Complaints 2024: Shocking Reality

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American Hartford Gold Group Overview & Synopsis:

Founded in 2002, American Hartford Gold Group is a precious metals broker. With locations spread throughout multiple states, the company’s main office is located in Los Angeles, California. Palladium, platinum, silver, and gold are among the precious metals goods that American Hartford Gold offers. The business also provides individual retirement accounts (IRAs) that let customers keep precious metals.

Lawsuits

https://www.govinfo.gov/app/details/USCOURTS-ilnd-1_20-cv-03927

Complaints

https://www.consumeraffairs.com/finance/the-hartford-gold-group.html

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American Hartford Gold Group Owner & CEO

American Hartford Gold, a prominent precious metals dealer in the United States, is led by Sanford Mann, who serves as the Chief Executive Officer. Mann is known for his strong work ethic, which was instilled in him from an early age by his closely knit family. He studied Economics at Connecticut State University and held various senior financial management positions in New York City before venturing into entrepreneurial pursuits in the west. Currently residing in Santa Monica with his family, Mann is deeply involved in community work and supports various non-profit organizations.

The company’s leadership team is committed to providing quality service and fair pricing, with a focus on client education in the precious metal industry. This approach has earned American Hartford Gold an A+ rating with the Better Business Bureau and high customer satisfaction ratings on platforms like Trustpilot and Google. The company has been recognized as the #1 Gold Company on Inc. 5000’s list of America’s fastest-growing private companies.

American Hartford Gold’s mission is centered around educating clients about investments in precious metals and offering them unparalleled customer service. This includes a commitment to providing clients with high-quality gold and silver coins at competitive prices, with a 100% satisfaction guarantee. The company also offers a Buyback Commitment, where they encourage clients to contact them first if they wish to sell their metals, though without a legal guarantee of repurchase.

The company’s executive leadership also includes Scott Gerlis as the Executive Chairman, who, alongside Mann, has been instrumental in the company’s growth and expansion. They work together to maintain high ethical standards and focus on customer service. Max Baecker, as President, oversees the company’s day-to-day operations and administration, contributing significantly to its success.

American Hartford Gold operates from its headquarters in Los Angeles and has expanded to employ between 51 to 200 people. The company supports both local and national organizations and is involved in community service, reflecting its commitment to giving back to society.

Overall, American Hartford Gold prides itself on its ethical business practices, strong community involvement, and dedication to providing clients with quality service and valuable information in the precious metals market.

American Hartford Gold Pros And Cons

Pros:

  • Metals include palladium, platinum, silver, and gold.
  • BBB Grade A+ AA BCA Grade
  • 4.9 on TrustPilot for Minimum Purchase Order $10,000 for IRAs and $5,000 for non-IRA purchases of precious metal
  • Supported by 361 reviews with an average rating of 4.9/5, the BBB granted it an A+ rating.
  • We provide affordable prices, simple transactions, no buy-back fees, and a Lowest Price Promise.
  • celebrity endorsements only available from Rick Harrison and Bill O’Reilly.
  • The business doesn’t impose one-time or yearly fees.
  • comparatively low minimum order quantity
  • Regular campaigns offering exemptions of storage fees
  • Numerous options for caretakers and storage companies
  • A+ BBB grade of 4.9 on TrustPilot

Cons:

  • AA BCA grade (AAA is the highest level).
  • Coin prices are not listed on the internet; for information on prices, get in touch with a salesman.
  • The options for palladium and platinum in self-directed IRAs are restricted.

American Hartford Fees, Charges And Prices In 2024

Customers of American Hartford Gold who have gold IRAs are not assessed unnecessary fees. Launched in 2015, the company doesn’t charge for setups, transfers, or annual maintenance. It also regularly runs promotions where customers may receive two or three years of free storage costs. (To open your precious metal IRA, there is a $50 account custodian fee.)

There is a free buyback option offered by American Hartford, however be aware that buyback prices are less than purchase pricing. You can store your precious metals in either non-segregated or segregated storage when you open an account, according to a spokesperson for the company, which primarily works with custodian Equity Trust Company.

The minimum amount required to open an IRA with the company is a comparatively low $10,000, or $5,000 if you want to purchase precious metals for storage at home (you cannot store gold IRA investments at home per IRS regulations).

Numerous promotions are available from American Hartford Gold, such as free insured shipping and up to $10,000 in free silver with qualifying purchases. Additionally, they provide three years of lower IRA fees for purchases of $100,000 or more, and they waive first-year IRA expenditures for purchases of $50,000 or more. Additionally, depending on the size of the account, AHG might cover storage costs for the first year or even up to three years. The minimum for cash transactions is $5,000, however the minimum to start an IRA with American Hartford Gold is $10,000.

Compliance and Regulation of Companies

American Hartford Gold offers a Gold IRA that closely complies with IRS regulations. The organization is dedicated to protecting your financial security and privacy. AHG assures you that your investment is secure and private. Governmental organizations are unable to trace or track it. Your IRA-qualified precious metals can be kept in any of the numerous vaults across the nation that have been approved by the IRS for maximum security.

Security Deposits and Business Trustworthiness

American Hartford Gold has an A+ rating from the Better Business Bureau (BBB) and thousands of 5-star reviews on Trustpilot and Google. More than $1.5 billion worth of precious metals have been supplied to happy clients by American Hartford Gold. Being listed as one of the Fastest Growing Companies on Inc.’s list further enhances its already stellar reputation.

Among the most well-known precious metals companies is American Hartford Gold. They have earned the admiration and thanks of thousands of happy customers for their outstanding service. American Hartford Gold is the gold standard when it comes to precious metals IRAs. They offer outstanding educational resources along with reasonable prices for precious metals.

FAQs for American Hartford Gold

Is there a minimum amount required to be contributed to a Gold IRA at American Hartford Gold?

Indeed, We offer a self-directed Gold IRA with a $10,000 minimum order amount.

What are American Hartford’s vault storage fees?

The size of your account and the amount of metals you have in your depository determine the fees. Your scenario will determine whether or not the storage is free. Kindly get in touch with their Account Executives for additional details.

American Hartford Gold: What Is It?

American Hartford Gold is a dealer of precious metals with an emphasis on silver and gold. The company is based in Hartford, Connecticut, and was established in 2011. Among the many goods and services provided by American Hartford Gold are the following:

Bullion in gold and silver

IRAs for gold and silver

Portfolio management for gold and silver

Educational resources in gold and silver

What advantages come with purchasing silver and gold from American Hartford Gold?

Customers of American Hartford Gold can take advantage of several advantages, such as:

competitive costs

a large assortment of goods and services

A competent and seasoned group of specialists

a dedication to client satisfaction

How can I purchase gold and silver from Hartford Gold in America?

You can contact American Hartford Gold at 1-800-462-0071 or on their website to purchase gold and silver. American Hartford Gold also offers gold and silver IRA openings.

A gold individual retirement account: what is it?

One kind of retirement account where you can invest in actual gold and silver is a gold individual retirement account. Because gold IRAs are tax-advantaged, your investments can increase without incurring taxes until you take them out in retirement.

What are the advantages of starting an IRA in gold?

Opening a gold individual retirement account has several advantages, such as:

Increasing variety: Silver and gold can lower your risk and diversify your retirement portfolio.

Inflation protection: Gold and silver are frequently seen as inflation hedges.

Tangible assets: Physically possessed gold and silver are examples of tangible assets.

How can I start an IRA in gold?

You must get in touch with a gold IRA custodian in order to open a gold IRA. Services for gold IRA custodians are provided by American Hartford Gold.

What costs come with starting and keeping up a gold individual retirement account?

Opening and keeping up a gold individual retirement account (IRA) has certain expenses, which include:

Setup fees for accounts

One-time upkeep charge

Fees for transactions

What effects does owning gold have on taxes?

Retirement funds with a tax benefit are gold IRAs. This implies that until you take them out in retirement, your contributions can grow tax-deferred. If you take money out of your gold IRA before you’re sixty-ninth of an inch old, you can be penalized 10%.

Is American Hartford Gold a trustworthy business?

Indeed, American Hartford Gold is a well-known business. The business is accredited by TrustLink and has an A+ rating from the Better Business Bureau.

How can I get in touch with Hartford Gold American?

American Hartford Gold can be reached at 1-(800) 462-0071 or on their website.

Verdict

American Hartford Gold is a reputable company, not a fraud.

This company has received hundreds of positive evaluations on a few consumer advocacy websites.

Sure, there are a few lawsuits and complaints as well, but they pale in comparison to the overwhelming amount of good online reviews.

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