Founded in 1975, Blanchard’s maintains its headquarters in New Orleans with an office in Dallas, and consists of eighty-five rare metal specialists focused on cultivating long-term wealth for clients. In the last three years, Blancahrd earned over $1 billion in sales. That speaks volumes about their ability to produce, sustain, and satisfy clients.
Better Business Bureau
The company qualifies as beyond trustworthy with a blanchard gold BBB rating , the highest in the industry.
Business Consumer Alliance
The company has a Blanchard gold Business Consumer Alliance, and zero complaints at the time of this review.The company qualifies as a five star entity on Google based on three positive reviews. The reviews do not go into much details except one client who said that the company was trustworthy and reliable.
The reviews give an array of perspectives from all sorts of customers. If you want something negative to see the whole picture, there are negative reviews. I personally appreciate the company taking the time to address these reviews online in a straightforward, and also taking the time to resolve complaints made against them.
Part of doing business in such a demanding industry involves being able to handle issues as they arise. This company has proven they can handle them when faced with low ratings.
The company qualifies poorly with a bad one star rating on Trustlink.
Blanchard Gold Complaints
Blanchard gold has two BBB complaints at the time of this review, one with delivery issues and the other with product service, the complaints stand resolved as of now.
On Ripoff Report, Blanchard has three consumer complaints all revolving around high premiums over the spot price of gold and which reached over thirty % according to clients’ reviews. Blanchard responded to the unhappy customers and offered to help settle their issues, which shows how seriously they take their clients’ happiness and money.
On Trustlink, the complaint says that Blanchard and Company charges excessive fees and commissions. The complaint also warns against buying any of the company’s rare coin offerings because of the excess charges and mark-ups. However, this is the only review on the site in regards to Blanchard
Blanchard under the Radar
Details from our Phone call
Q : How do you guys handle the rollover process? How does it work?
A : We handle the brokerage part of it. You would actually work with a company called Goldstar Trust who we have worked with for 25 years Goldstar would set up the account and handle the custodian part. Basically, they would help you roll the funds over to their trust, and once the funds are there and in place, then we would come into the picture.
Goldstar would give us the amount that was available and, at that point, we would call you and discuss with you the products that are available to be placed in the IRA based on the amount of funds you have and then we would lock in the order.
It has to be held by a third party, so we would ship it to the depository we use which is Delaware Depository.
Q : Is there a minimum investment amount?
A : We usually recommend a minimum investment of $5,000
Q : Which third party custodian is involved?
A : Goldstar Trust – we have worked with them for the past 25 years.
Q : IRA Fees including storage admin Scaled or flat?
A : Goldstar has a maintenance fee of $60.00 charged once a year based on the time that you start the account and they do an annual storage fee based on calendar year which just got adjusted to $100.00 for up to 99 ounces.
This is a flat fee. If you have larger amounts of metals, they usually use a formula. You can find out about it on their website. The most it can ever be is $250.00 for everything.
Q : Tax penalties?
A : No as long as you follow the time line of 60 or 90 days you shouldn’t have any problems.
Q : Storage facility commingled or segregated ?
A : It is usually commingled, but if you want it to be segregated you can pay extra to have that done. You can confirm that with them but as far as I know it is automatically commingled.
Q : Can I track my account online and Ongoing support?
A : Yes you can access and track your account online and they do send you either quarterly or semi annual statements.
You can either contact me for general questions or Goldstar for tax questions. They have an investor services department on staff.
My Final Thoughts on Blanchard Group Review
Going through the ratings and reviews of Blanchard Gold, I conclude that they require more work to win more attention in the marketplace. In addition, the company charges an extra fee on segregated storage,which is a bit daunting knowing that other competitors with higher ratings offer the same feature with no extras. While there is no sign of scam or fraud related to the company’s reputation, We still recommend you do your due diligence and compare Blanchard Gold with other top rated gold IRA companies that we have reviewed to see which one best meets your options.