St. Joseph Partners is a precious metals dealer with a limited product selection and poor online presence. While the company's focus on religious activities is commendable, they lag behind their competition in many areas as a gold IRA dealer.
St. Joseph Partners is a company established in 2010. It is located in Paoli, Pennsylvania, near Philadelphia. It operates in the precious metals industry, offering a range of products. Such as gold, silver, and platinum bullion coins, collector coins, and precious metal bars.
The company is known for its reputation and aims to assist investors and institutions in acquiring physical precious metals to diversify their portfolios and protect their wealth. St. Joseph Partners distinguishes itself by integrating Christian values and principles into its business approach.
In addition to its business operations, St. Joseph Partners engages in prayer gatherings with fellow believers to pray for the restoration of America and the safety of military personnel, police officers, and firefighters.
However, you must note that there’s no way to verify if these claims are actually true. That’s primarily because there isn’t much information available about them on third-party platforms.
People Behind St. Joseph Partners:
The ownership and management information of St. Joseph Partners is not readily available on their website. This lack of transparency regarding the key individuals behind the company contrasts with the expectation of transparency that stakeholders, including customers and investors, may have.
When stakeholders, such as customers and investors, interact with a company, they often expect to have access to information about the owners and managers. This transparency helps establish trust and allows stakeholders to make informed decisions about engaging with the company. The absence of ownership and management information on the website may create a perception of limited transparency in this regard.
According to the BBB website, Mr. Andrew Mason is the owner of the company. Similarly, Ms. Rebecca McIntosh represents herself as the Manager of the company.
How to Invest in St. Joseph Partners IRA?
Over the years, the directors of St. Joseph Partners have developed a streamlined and reliable process. That aims to provide IRA services in a simple, secure, and hassle-free manner.
Many individuals are unaware that precious metal IRAs can provide tax benefits similar to those associated with paper-based assets. However, there is a fundamental difference between the two.
While paper assets represent fractional ownership in a company. Whereas precious metal IRAs enable you to own physical metals. St. Joseph Partners is dedicated to assisting new customers in securing precious metals for their retirement accounts and offers guidance throughout the account opening process.
If you’re interested in learning more about gold IRAs, you can get a free guide from our top recommended provider here:
Investing in a St. Joseph Partners IRA typically involves the following stages:
Research and Educate Yourself: Begin by familiarizing yourself with the concept of precious metal IRAs. This includes the potential benefits and risks. Understand the specific regulations and requirements associated with IRA investments.
Contact St. Joseph Partners: Reach out to its customer care through their designated contact channels. This could include their website, phone number, or email address. Express your interest in investing in a precious metal IRA and request further information.
Consultation and Guidance: St. Joseph Partners will provide you with personalized guidance and consultation. They will assist you in understanding the process, answering any questions you may have, and helping you determine the best approach based on your individual circumstances and investment goals.
Account Setup: Once you are ready to proceed, St. Joseph Partners will guide you through the account setup process. This may involve completing the necessary paperwork and providing the required documentation.
Funding Your Account: Determine the amount you wish to allocate to your precious metal IRA. Arrange for the transfer of funds from your existing retirement accounts, such as a 401k or another IRA. The company will provide instructions and facilitate the transfer process.
Selecting Precious Metals: With the guidance of St. Joseph Partners, choose the specific precious metals you want to include in your IRA. This could involve selecting from options such as gold, silver, platinum, or other approved metals.
However, I don’t recommend opening an IRA with them. Why? Because there are plenty of better options available for you.
Opening a precious metals IRA is a major decision. That’s why I suggest checking out our top gold IRA providers list. There, you can find the best precious metals dealer of your state and choose accordingly.
Also, the list will help you understand what the industry’s best has to offer and what you might miss out on.
St. Joseph Partners Products:
St. Joseph Partners offers a comprehensive range of IRA-approved products in their catalog, including gold, silver, and platinum options. Their inventory includes a variety of coins, bars, and collector coins that meet the requirements for inclusion in an IRA.
Some notable examples of the products available are the Platinum American Eagle, Gold Britannia, Gold Canadian Maple Leaf, Gold Austrian Philharmonic, Gold American Eagle, Silver Austrian Philharmonic, Silver Britannia, Silver Canadian Maple Leaf, and Silver Australian Kangaroo.
These are just a few examples from their diverse selection of precious metals for IRA investments.
St. Joseph Partners Fees and Charges:
When purchasing precious metals from St. Joseph Partners, you have multiple payment options available to you, including:
Cash: You can make your payment in cash for your precious metals purchase.
Credit Card: The company accepts credit card payments, providing a convenient and secure method of payment for your transaction.
PayPal: Another option for payment is through PayPal, which offers a widely recognized and trusted online payment platform.
It’s important to note that if you opt to pay in cash, you may enjoy cost savings. By choosing this payment method, you can potentially save up to $75 on a single product compared to using a credit card or PayPal account. The company has a minimum order limit of $1,000.
Unfortunately, the company doesn’t share any information about the fees they charge for their IRA services.
Certainly, it can be a huge disappointment for most investors.
Lack of transparency in this aspect can increase your risk of facing hidden charges. Hidden charges can eat away your investment at a rapid pace which is why I recommend dealing with transparent companies only.
On Google, the company has 5 stars out of 5-star ratings based on customer reviews. There are only 2 customer reviews on Google. Both of them are positive, with customers praising the company’s excellent customer service, professionalism, and expertise.
Better Business Bureau (BBB):
On the Better Business Bureau website, the business has an A+ rating with no customer reviews. They are since 11 years in the industry. Only 1 complaint has been filed and closed in the last 3 years. This business is also not BBB accredited on Better Business Bureau website.
Certainly, the lack of BBB accreditation can be a major red flag. All of the top gold dealers in the industry have accreditation with the reputed consumer platform.
A business doesn’t get BBB accreditation when they either don’t apply or don’t meet the eligibility criteria.
Are There Any St. Joseph Partners Complaints? Should You Be Concerned?
Yes, like any other company, they have also a few complaints. Because the company lacks an online presence on various online business rating websites.
One of its customers has expressed their dissatisfaction with this company regarding their experience with purchasing gold and silver.
The customer placed five orders, but only received three of them, as St. Joseph Partners informed them that the remaining two orders would not be fulfilled. One of the unfulfilled orders was placed on April 9th, and the second was placed on May 5th.
The customer’s check for the April 9th order cleared their checking account on April 22nd, but he believes that the company is holding the check for the May 5th order without processing it, resulting in a lack of access to the funds.
Also, the customer states that they made their purchases in good faith and sent the checks in a timely manner.
However, they feel that St. Joseph Partners has not acted in good faith. Additionally, they mention that two of their orders, including the April 9th order, do not appear in their account. The customer tried to reach out to St. Joseph Partners multiple times through emails and phone calls but received a reply only after several attempts.
In response, St. Joseph Partners instructed the customer to send one of the orders and cancel the other, even though both checks cleared the bank on the same day.
The customer has attached a statement with further details about their experience and concerns.
A snippet of A Positive Review on The Company:
Anne Burke had a positive experience with this company. She mentioned being referred by Bannon’s War Room and expressed satisfaction with the customer service she received. According to her, the staff provided clear and patient explanations of the information she needed.
Additionally, when her package was returned by FedEx due to an unclear address, St. Joseph Partners assisted with the delivery. Anne Burke described the coins she received as perfect, and this positive experience has made her feel safe and confident in continuing to build her supply with them.
Is St. Joseph Partners Legit? Should You Invest with Them?
No, I don’t think you should invest with them.
A+ rating on BBB
IRA-eligible products present in the selection
No BBB accreditation
A newcomer in the industry
Lack of transparency
Limited product selection
Few reviews available online
Poor online presence
While it’s true that St. Joseph Partners is a legitimate company, they have too many red flags as well.
For example, the company has a very small number of reviews available. Moreover, they haven’t received a BBB accreditation.
BBB accreditation is a major trust factor and all major gold IRA companies are accredited with the major consumer platform.
If you’re interested in precious metals investments, I recommend checking out our top gold IRA providers.
Alternatively, you can find the best gold IRA company of your state below: