Sprott Money Review

Home » Blog » Top 10 Best Gold IRA Companies (2024) » Sprott Money Review

Disclosure: Our content does not constitute financial advice. Speak to your financial advisor. We may earn money from companies reviewed.  Learn more

Last Updated on: 10th May 2023, 11:24 am

Sprott Money
Sprott Money - bySarah Bauder, April 1, 2011
4/ 5stars
on
Sprott Money
Review Summary :

Sprott Money was established in 2008 and is headquartered in Toronto, Canada. It functions as a precious metals dealer and a Gold IRA company. The catalog of products is somewhat smaller than most other bullion dealers, however, the primary focus is on providing clientele with IRA-approved bullion products. Gold and silver coins and bars are available, including several of the most popular coins eligible to be held in a Precious Metals IRA. The company’s website does indicate that platinum is an option, yet nothing appears available in the catalog. Collectibles are also available in the inventory. The preferred IRA custodian is New Direction Trust Company. Regarding storage options, Sprott Money has partnerships with International Depository Services of Canada, Brinks, and Strategic Wealth Preservation (SWP). Those looking for palladium as an investment option will have to look elsewhere.

Pros:

  • IRA services provided by New Direction Trust
  • Transparent founder and leadership team
  • Stellar reputation and track record with "A+" rating from BBB
  • Markups among industry lowest

Cons:

  • Shipping times can be a little slow
  • Not all items IRA-eligible
Quick Facts about Sprott Money
Year Founded:2008
Company Headquarters:Toronto, Ontario, Canada
Reviewed By:Sarah Bauder
Published On:December 29, 2022
Have you purchased products from Sprott Money? Leave a review!

Leave your rating

Field is Required

Field is Required

Field is Required

Field is Required

Leave a rating:

Company Info & Background

Sprott Money (www.sprottmoney.com) mainly focuses on providing customers with bullion products that can be held in precious metals IRAs, or in a portfolio. It is located in Toronto, Canada, and was established in 2008. Additionally, it operates as a gold IRA company.

Despite the fact that the inventory is not as extensive as some of its competitors, Sprott Money has gold and silver IRA-approved bullion coins, in addition to collectibles. The website does list platinum as an available option to customers, but none appears available in the catalog. For retirement savers, the company has a selection of some of the popular IRA-approved coins and bars.

With regards to informing the public about precious metals investment, Sprott Money has a regularly updated blog section, in addition to a podcast section. Moreover, customers can subscribe to the “Sprott Money Newsletter”.

Sprott Money Management Team

Larissa Sprott – President 

Sprott Money was founded in 2008 by Eric Sprott. A year later, his daughter Larissa assumed the role of president. She attended the University of Toronto, receiving a BA in English, and likewise has an M.Sc. Larissa has an accumulation of experience in the finance sector. 

Sprott Money Custodians and Storage

The Sprott Money preferred IRA custodian is New Direction Trust Company. 

Apropos of storage options, the company has partnerships with International Depository Services of Canada, Brinks, and Strategic Wealth Preservation (SWP). Depending on customer preference, there are both domestic and international storage facility locations including in Toronto, Langley, British Columbia, New Castle, Delaware, Grand Cayman, Zurich, and Singapore.

Sprott Money Products

The Sprott Money inventory has a selection of gold and silver IRA-approved coins and bars, in addition to collectible coins. The website does indicate that platinum is an option, yet nothing appears available in the inventory. Some of the available options include the Gold Australian Kangaroo,  Gold American Eagle, Gold Canadian Maple Leaf, Gold Britannia, Gold Austrian Philharmonic, Silver Canadian Maple Leaf, Silver Austrian Philharmonic, and the Silver Canadian Antelope, and the Silver Australian Koala. Neither platinum nor palladium are available options at present.

View more Sprott Money products here.

Sprott Money Precious Metals IRA Info

CompanySprott Money
Annual CostVariable
Scaled or Flat Fees? Flat Fees
Partnered Storage VaultsInternational Depository Services of Canada, Brinks, and Strategic Wealth Preservation (SWP)
Partnered CustodianNew Direction Trust Company
Metals Available Gold and Silver
Years in BusinessYears in Business 13 years (2008)

Sprott Money Reviews, Ratings, and Complaints

Below we offer a diverse selection of reviews, ratings, and complaints pertaining to Sprott Money from trusted consumer reporting and rating agencies sites. Simply click on the links provided to study the reviews in greater detail.

  • BBB Rating: A+ (Details)
  • BBB Complaints: 0 complaints in the last 3 years (Details)
  • BCA: AA (Details)
  • BCA Complaints: 0 Complaints (Details)
  • Trustpilot: ⭐⭐⭐⭐(Details)
  • RipOff Report: No Reports
  • SiteJabber: Profile (Details)
  • TrustLink: Profile (Details)
  • Yellow Pages: Profile (Details)
  • Yelp: No Profile 
  • Facebook: Profile (Details)

Sprott Money Contact Information

  • Address: 130 Queens Quay E., Suite #1224, Toronto, ON, M5A 0P6 Canada
  • Phone: (888) 861-0775
  • Email: sales@sprottmoney.com
  • Website: www.sprottmoney.com

Review All IRA Options Before Investing

It is essential to carefully consider the different precious metals companies available, prior to making any purchases as part of your IRA investment strategy. In addition to its overall reputation, be mindful of a company’s bullion prices, policies, practices, and most importantly, storage fees for precious metals.

Sprott Money
Sprott Money - bySarah Bauder, April 1, 2011
4/ 5stars
on
Sprott Money
Review Summary :

Sprott Money was established in 2008 and is headquartered in Toronto, Canada. It functions as a precious metals dealer and a Gold IRA company. The catalog of products is somewhat smaller than most other bullion dealers, however, the primary focus is on providing clientele with IRA-approved bullion products. Gold and silver coins and bars are available, including several of the most popular coins eligible to be held in a Precious Metals IRA. The company’s website does indicate that platinum is an option, yet nothing appears available in the catalog. Collectibles are also available in the inventory. The preferred IRA custodian is New Direction Trust Company. Regarding storage options, Sprott Money has partnerships with International Depository Services of Canada, Brinks, and Strategic Wealth Preservation (SWP). Those looking for palladium as an investment option will have to look elsewhere.

Have you purchased products from Sprott Money? Leave a review!

Leave your rating

Field is Required

Field is Required

Field is Required

Field is Required

Leave a rating:

Sarah Bauder
Sarah Bauder

Sarah Bauder has a decade of experience at numerous publications, writing about finance, politics, economy and more.

Articles: 114

FTC Disclosure: We are an independent blog that aims at providing useful information for retirement account owners interested in alternative assets like precious metals. However, our content does NOT constitute financial advice. Please speak to your financial advisor before making any investment decision. Also, the data quoted on this website represents past performance and does not guarantee future results.

 

Copyright © 2024 Gold IRA Guide
×