Disclaimer: Many or all of the companies listed here may provide compensation to us. This is how we maintain our free service for consumers. Compensation, along with hours of in-depth editorial research, determines where & how companies appear below.
FideliTrade is a corporation that deals in precious metals. The services they provide are comprehensive. Its headquarters may be found in Delaware's Wilmington. You may wonder if they are a trustworthy organization if you are thinking about doing business with them.
BBB lists the company's founding year as 1997. Jonathan Potts serves as president, with Leonard Minner as vice president.
If you are looking to invest, only go with a trusted company!
Currently our #1 recommendation is offering up to $10,000 in free silver!
About the Company
Jonathon Potts began to think about his future at Wilmington Trust in 1997. At the time, he was vice president of the business. He was in charge of the company's precious metals department.
The bank's decision to leave the precious metals industry put everyone in the division in jeopardy of losing their jobs.
Instead of waiting for the bank to reassign the precious metals division, Jonathon bought it. It was a novel idea then, but it made perfect sense to Jonathon.
It first opened its doors in the late 1990s. Five bank employees were transferred to the new firm. The first company offices occupied about 720 square feet.
In recent years, the business has expanded dramatically. The company now employs more than 50 people full-time and operates out of four locations. They've grown into more than 72,000 square feet of office space. The FideliTrade family of companies includes several offshoots. Delaware Depository is one such institution.
In terms of depositories, this firm is among the very largest in the country. They store bullion for various clients, from IRA custodians and commodities exchanges to banks and private investors.
Just eleven other firms worldwide, including FideliTrade, are approved purchasers of US Mint products. This ensured a prosperous future for the corporation and the bullion stored in its vaults.
The enormous interest in these services directly results from international geopolitical and economic uncertainty. As a result, many people look for less volatile investment options. They are seeking the security of precious metals as an investment vehicle.
Because they provide a low-cost and open-book method of investing in precious metals, FideliTrade has attracted the attention of many high-end money managers.
Products and Services from FideliTrade
FideliTrade is a marketplace for buying and selling precious metals. Platinum, palladium, silver and gold are all examples. You can exchange coins and bars. Their storage needs are met by their subsidiary.
Like its headquarters, the storage facility may be found in Wilmington, Delaware. They also provide custody services in several overseas locations, including Toronto and Zurich, for those that require global storage.
Your precious metals are safe in either a segregated or non-segregated vault. Segregated storage allows you to keep your metals away from the bars and coins of other customers in an entirely different location. Your bars will arrive in a carton with individual wrappers. You may have confidence and calm knowing each has its unique label.
Non-segregated storage means your precious metals will be held in the same facility as other customers. Precious metals can be bought, sold and delivered at your convenience.
If you want to set up a precious metals IRA, they'll act as your dealer and help you. They partner with several IRA custodians. They'll advise you on which precious metals to invest in for your Individual Retirement Account.
If you choose FideliTrade as your dealer, you won't have to worry about paying the standard shipping fees.
Who FideliTrade Works With
Customers of the Wilmington Trust Company, among other precious metals businesses, are among FideliTrade's clientele. They provide bullion services, including delivery from the mint itself.
They source all of their bullion from legitimate commercial and government mints. Whether using their distribution services or trading with them, you can rest easy knowing that the relevant exchange has approved their repository.
They have no outstanding debts. They are financially stable and secure. This can reassure customers that they will remain in business and continue to meet their needs.
There would be no reason for customers to worry that the firm may go bankrupt, jeopardizing their precious metals. Each client's assets are insured up to $1 billion.
If you open an account with FideliTrade, a seasoned professional can help you with many of your precious metals trades. Commission-based sales positions do not exist at FideliTrade.
Therefore, you can trust that you will always receive the most objective advice. A dependable business with many delighted clients over the years may offer you the best deals.
Use of the account for purposes other than IRA contributions is always an option. In addition, there are several storage options available for your bullion. Bullion will be stored in Delaware and California in the United States and Toronto and Zurich in other parts of the world.
Banks and Brokers
FideliTrade's institutional clients include financial institutions including banks, hedge funds and brokerage houses. Wholesalers and dealers and even stock exchanges work closely with them.
Having a commercial account will make trading items much simpler. You may make deals with other people through the internet or by phone. Business hours are Monday through Thursday, 8 a.m. to 8 p.m. EST and Friday, 8 a.m. to 5 p.m.
The company provides a full range of specialist administrative and clearing services for precious metals to a diverse clientele of international businesses.
They provide a full suite of custody, trading, delivery and support options to assist brokerage companies and other businesses in enhancing their investment product mix and introduce new services.
It allows them to generate more money by increasing their chances of making sales to existing customers and decreasing the likelihood that their customers may defect to a rival. The best part is that you can do this with almost any effort or expense.
Its clearing business in Delaware provides trading and support services for precious metals to various investment managers and advisers. Your customers can buy coins and bars made of multiple precious metals through the Delaware Clearing Service.
Clients can take physical receipt of the precious metals or have them held in a secure, insured custody facility. Each service aspect was developed with the client and the financial planner in mind.
While working with a financial adviser, a client may obtain tailored advice and the market's best pricing on precious metals investments while optimizing an investment plan and strategy.
By partnering with FideliTrade, you may expand your offerings to include facilitating direct customer access to the precious metals markets.
Segregated Storage for Precious Metals
One of the services FideliTrade offers is Segregated Storage for Precious Metals, which provides clients with dedicated storage space for their precious metals.
Segregated storage means that each client's metals are stored separately from other clients' metals. This ensures that the metals are not commingled and each client can be certain that they own the metals they purchased.
This type of storage is especially important for clients with large amounts of precious metals or who have unique items such as rare coins or bullion bars, that they want to ensure are kept separate.
FideliTrade's segregated storage facilities are highly secure, with multiple layers of protection to prevent theft, damage or loss. The facilities are designed to meet or exceed industry standards and are constantly monitored by security personnel, cameras and other advanced security measures.
Clients can access their segregated storage account anytime and request the delivery of their metals or the sale of their holdings. FideliTrade offers various services, including IRA accounts, estate planning and precious metals investment advice.
For example, if a client purchases 100 ounces of silver, they can store them in segregated storage. FideliTrade will ensure that these 100 ounces of silver are kept separately from other clients' metals and the client can be confident that they own these specific 100 ounces of silver. Additionally, the client can access their account at any time and request the delivery of their silver.
FideliTrade Customer Support
FideliTrade's customer support team assists clients in all aspects of their investment journey, from account setup to ongoing maintenance and support. The team comprises knowledgeable and experienced professionals trained to answer clients' questions or concerns regarding their investments.
One of the primary ways that FideliTrade supports its customers is by providing them access to a dedicated account representative. This representative manages the client's account and provides personalized support and guidance throughout their investment journey.
In addition to personalized account management, FideliTrade offers a range of resources to help clients stay informed and up-to-date on market trends and investment opportunities. These resources include educational materials, research reports and regular market updates.
FideliTrade's commitment to exceptional customer support is evident in the numerous positive reviews and testimonials from satisfied clients. For example, many clients have praised the company for their quick response times, knowledgeable staff and personalized service.
Opening Precious Metals IRA with FideliTrade
The process is straightforward if you consider opening a precious metals IRA with FideliTrade.
The first step in opening a precious metals IRA with FideliTrade is to contact the company. You can contact them via telephone or email; they will guide you through the process. They will provide all the necessary information about the types of metals you can invest in, the fees involved and the rules and regulations you need to follow.
Once you've decided to open a precious metals IRA with FideliTrade, the next step is to fund your account. You can transfer funds from an existing IRA or 401(k) account or contribute cash. It's essential to ensure you have enough funds to cover the minimum investment amount required by FideliTrade.
Once your account is funded, FideliTrade will help you select the type of metals you want to invest in. They offer a range of precious metals, including gold, silver, platinum and palladium. You can invest in one type of metal or a combination of metals.
It's essential to remember that there are rules and regulations regarding the types of metals you can invest in, so make sure you discuss your options with FideliTrade.
After you've selected the metals you want to invest in, FideliTrade will purchase them on your behalf and store them in a secure facility. They will also provide you with periodic account statements and reports, so you can keep track of your investment.
Why Add Gold to Your IRA?
Here are five reasons why adding gold to your IRA is a smart move:
One of the main reasons to add gold to your IRA is to diversify your portfolio. Gold has historically been a safe-haven asset that can perform well during economic uncertainty. By adding gold to your IRA, you are adding a new asset class that can help balance out the risk in your portfolio.
2. Inflation Protection
Gold is often seen as a hedge against inflation. When the value of paper currency decreases, the price of gold tends to rise. By adding gold to your IRA, you are protecting your retirement savings against the potentially negative effects of inflation.
3. Long-Term Growth
Gold has historically been a long-term investment that has provided steady growth over time. While the price of gold can be volatile in the short term, it has consistently increased in value over the long term. By adding gold to your IRA, you are investing in an asset that has the potential to grow your retirement savings over time.
4. Tax Benefits
Gold IRAs offer the same tax benefits as traditional IRAs. Contributions to a gold IRA are tax-deductible and earnings in the account grow tax-free until you withdraw in retirement. By adding gold to your IRA, you take advantage of these tax benefits while diversifying your portfolio.
5. Peace of Mind
Finally, adding gold to your IRA can provide peace of mind. Knowing that a portion of your retirement savings is invested in a safe-haven asset like gold can help you sleep better at night. With so much economic uncertainty today, having a diversified portfolio that includes gold can provide extra protection for your retirement savings.
Types of Gold IRA Accounts
There are several types of gold IRA accounts, including Roth gold IRA, traditional gold IRA and SEP gold IRA.
Roth Gold IRA
A Roth gold IRA is a retirement account that allows you to invest in gold and other precious metals using after-tax dollars. With a Roth gold IRA, you won't have to pay taxes on your earnings when you withdraw them in retirement, making it a popular choice for those who expect to be in a higher tax bracket later in life.
Roth gold IRAs also offer more flexibility regarding withdrawals, as there are no required minimum distributions (RMDs) to worry about.
Traditional Gold IRA
A traditional gold IRA is the most popular type of gold IRA account. With a traditional gold IRA, you can invest in gold and other precious metals using pre-tax dollars, lowering your taxable income in the year of contribution.
However, you will have to pay taxes on your earnings when you withdraw them in retirement. Traditional gold IRAs also have RMDs, which require you to withdraw a certain amount each year starting at age 72.
A SEP Gold IRA
A SEP gold IRA is a retirement account for self-employed individuals and small business owners. With a SEP gold IRA, you can contribute up to 25% of your net earnings from self-employment, up to a maximum of $58,000 in 2021.
Like a traditional gold IRA, contributions to a SEP gold IRA are tax-deductible, but you will have to pay taxes on your earnings when you withdraw them in retirement. SEP gold IRAs also have RMDs, which require you to withdraw a certain amount each year starting at age 72.
FideliTrade is a reputable company with a long-standing history of dealing with precious metals. They are a reliable option for people looking to invest in precious metals. However, it is vital to note that the market is highly competitive and there are other firms that offer better products and IRA services.
When it comes to precious metals investments, it is essential to consider factors such as the variety of products offered, fees, customer service and overall customer experience. For instance, our highly recommended firms provide a more extensive range of precious metals products, including gold, silver, platinum and palladium, which may be a crucial consideration for some investors.
Additionally, these firms offer lower fees or more favorable terms for IRA accounts. As such, it is crucial to do your due diligence and research various companies before making an investment decision.
That said, FideliTrade has many years of experience in the precious metals industry and is an excellent option for investors. Still, it is worth exploring other firms to compare their offerings and determine the best fit for your investment needs. Ultimately, finding the right precious metals investment firm can make a significant difference in the success of your investment strategy.
If you are looking to invest, don't forget to checkout our highest recommended companies!
Currently our #1 recommendation is offering up to $10,000 in free silver!
Father, Husband, Investor, Entrepreneur.