Updated Dec. 24, 2018 – If you’re looking for Broad Financial reviews, complaints, or a related scam, do not be mistaken with Broad Financial Services; which has no relation to this business. Broad Financial LLC has been an accredited business with the BBB since 2011.
IMPORTANT: If you are new to purchasing gold and interested in investing in a gold IRA in particular, go ahead and start here to read this important info regarding fees to look out for.
We always recommend doing thorough research before selecting a custodian or broker to do business with. We have seen so many reviews where clients have been scammed out of thousands of dollars. Do your due diligence on companies before making a decision.
Our top recommended Gold IRA company has also been selected as “Bullion Dealer of the Year 2018”: RegalAssets (click here to get your physical gold retirement kit)
Is Broad Financial a Scam?
They’ve been in business since 2004 and offer an array of financial services products. The short answer to: is Broad Financial a scam – We have determined that Broad Financial is definitely NOT a scam.
When reviewing this company further, it easy to find evidence that the company is to be trusted in the industry and holds good ratings among the agencies.The company has many different financial offerings and products in diverse categories such as real estate and cryptocurrency.
Their primary businesses include:
- Self-directed IRA
- Solo 401(k)
- Checkbook IRA
- Real Estate IRA
- Gold IRA
- Bitcoin in your IRA
- IRA LLC
- Roth & SEP IRA
Here are some of the things to consider before deciding if Broad Financial is right for you…
Broad Financial Reviews
Their website provides a lot of information on all sorts of investing options and is easy to get around. This well-known name within this industry has been around for nearly a decade which can be interpreted as having a good track record.
Broad Financial Complaints
The complaints that were filed against them with the BBB have since been resolved and closed.
There have only been 2 complaints with the BBB directly in the last 12 months (at the time of writing this). This shows that they operate with higher than average standards. Other review sites such as Yelp give high ratings as well, indicating that customers would recommend and work with the company in the future.
The complaints that are documented against Broad Financial are not overwhelming but should play a part in your assessment. The two complaints filed with the BBB were involving billing/sales issue and advertising.
Other customer review sites that you could take into consideration is the Business Consumer Alliance (BCA). They have a AAA (top rating) however they do not have any reviews present (0 star rating). No complaints and no positive reviews.
- an old client that said they had to cancel because the company has as good sales pitch but once you send the check you no longer received adequate customer service
- The other complaint is very similar.
One fellow alleges when setting up an LLC IRA, the company registered it themselves and put themselves down as directors and shareholders of the LLC; essentially granting themselves as stake in the company. They then sell the company back to the client to earn
The lesson learned here is always have your own professional practicing attorney draft and write your IRA Operating Agreement.
What to Look Out For
When researching precious metals dealers, if a company hasn’t been servicing specific IRA accounts for a good period of time and if they constantly try to only sell certain products, then these might be things to watch out for. If the representative is asking questions in a way as to lead you into purchasing certain products, it could be interpreted that the company is acting in its best interest, which may cause you to reevaluate.
Some negative reviews can be posted over a year ago or more and if companies still have yet to respond chances are they won’t. You might consider this to show a lack of caring to repair the situation and poor customer service. You should always be able to get a hold of your rep whenever you call, for whatever reason.
We hope these Broad Financial reviews have been enlightening and has aided you in your decision making process. Overall they seems to provide good value and decent customer service, with a variety of financial products. As with all companies we suggest doing your own deeper research for the entire story. If you come across negative feedback we suggest to definitely listen. Same goes for the positive client experiences. We don’t want any company to put your capital at risk.
Especially when investing larger amounts of funds in gold or precious metals backed IRAs, complaints cannot be taken lightly when so much is on the line. Since quality service is paramount, we advise you to read over more reviews before making a decision.
Which Company Are We Recommending?
A company that won the “Bullion Dealers of the Year 2018” honors, currently holds our top rated precious metals dealer designation and also ranked the highest in quality service and for best pricing: Regal Assets company review
If you have had a positive or similar experience as mentioned above, please be so kind as to share it with us below in the comments section. This will help others get answers to their question, is Broad Financial a scam and those that come after you will be able to make a more informed decision. Thanks for visiting.