What is Strategic Wealth Preservation?Strategic Wealth Preservation Locations, Timings, Email, Phone, Services
Strategic Wealth Preservation is an international precious metals dealer and secure storage provider based in the Cayman Islands.
The company claims to specialise in the acquisition, secure storage, and liquidation of precious metals on behalf of individuals, companies, trusts, and wealth management experts.
They provide precious metals to individuals and companies worldwide, as well as secure storage in vaults located in the Cayman Islands, Canada, the United States, the United Kingdom, Switzerland, Liechtenstein, Germany, Singapore, and New Zealand.
SWP has collaborated with wholesalers and sovereign mints to establish highly liquid two-way marketplaces for precious metals trade across all of its global storage locations.
They are an authorised distributor of the Royal Mint of England, the Perth Mint of Australia, and many LBMA and COMEX-approved refineries, and they also provide offshore storage for precious metals held in self-directed Individual Retirement Accounts (IRAs) for American citizens.
SWP operates within the unique Cayman Technology Centre (CTC) complex, a purpose-built, energy-efficient structure that has received recognition for its innovation, sustainability, and energy-saving design. The CTC’s major energy source is solar power, with backup batteries and a generator to give uninterrupted electricity to the facility in the event of severe weather.
- Address: 115A Printer Way, George Town, KY1-1001, Cayman Islands
- Timing: 8:30 AM-5 PM
- Phone: +1 888-445-1977
- Email: [email protected]
- Website: www.swpcayman.com
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People Behind Strategic Wealth Preservation: CEO, Owner, Co-Founders & MoreWho owns Strategic Wealth Preservation? What is the management team behind Strategic Wealth Preservation?
The company does not disclose information about its CEO and Owner, however, it does share information about a few team members, who are as follows:
Mark Yaxley: Managing Director
Mark joined world-renowned Kitco Metals in 2006 after finishing his studies at McGill University, where he served as Product Marketing Manager until 2013.
He joined SWP as General Manager in 2014 and now serves as Managing Director, working on the different needs of SWP’s individual and business clients.
His popular YouTube series ‘Inside the Vault’ has educated millions of investors on the benefits of holding gold and silver bullion.
Rosie Di Gregorio: Client Services Manager
Rosie, a Concordia University double major graduate, began working in the precious metals sector in 1995 with Kitco Metals.
She was recruited as an independent agent for North America by The Perth Mint of Australia in 2009 to generate business in the region and maintain client account relations.
Rosie joined Strategic Wealth Preservation in 2014 and is now the Client Services Manager, offering world-class support to both the company’s private and commercial clients.
Matt Taub: Sales Manager
Matt, a graduate of Clark University in Massachusetts, began his Wall Street career as a financial advisor at Morgan Stanley and Wachovia.
He received an MBA with dual finance and accounting specialisations from Fordham University in New York before joining CPM Group as Director of Corporate and Institutional Sales.
Matt joined Strategic Wealth Preservation as a Senior Sales Representative in 2020, handling precious metals trades and storage for clients all over the world.
Strategic Wealth Preservation Products: Bullion Coins, Bars, And Rare CoinsAll products offered by Strategic Wealth Preservation
Investors may create wealth and plan for the future by purchasing gold, silver, platinum, and palladium from Strategic Wealth Preservation.
Gold products include:
- Gold British Britannia Coin
- 2017 Gold Australian Kangaroo Coin
- Gold Canadian Maple Leaf Coin
- Gold American Eagle Coin
- Gold American Buffalo Coin
- Gold bars from Pamp Suisse
- Royal Canadian Mint and Republic Gold Bars
- Gold Mint Bar
Silver products include:
- Silver American Eagle Coin
- Silver Canadian Maple Leaf Coin
- Silver United Kingdom Britannia Coin
- Silver Australian Kangaroo Coin
- Cayman Islands Silver Marlin Coin
- Buffalo Silver Bar
- Silver Royal Canadian Mint and Republic Bars
- Silver Royal Canadian Mint and Republic Bars
- Silver Bar
Platinum products include:
- Austrian Philharmonic
- American Eagle
- Canadian Maple Leaf
Palladium products include:
- Canadian Maple Leaf
SWP also offers gold and silver bundles.
How to Invest in Strategic Wealth Preservation IRA?Step-by-step guide for investing in Strategic Wealth Preservation IRA
Time needed: 15 days.
To invest in a precious metals IRA through Strategic Wealth Preservation, here are the general steps:
- Open a Self-Directed IRA
Select an IRA company that handles opening precious metals IRA accounts and fill out an application. You can work with Strategic Wealth Preservation to recommend an IRA company and provide the necessary paperwork. However, I don’t recommend doing so.
- Fund Your IRA
Once you have selected an IRA company, you can move your funds into your new IRA account. You can work with the IRA company representative to transfer or rollover funds into the new account.
- Select a Precious Metals Dealer
One of the forms you need to fill out along the way is typically called a Buy Direction Letter. This is where you list the precious metals dealer you have selected, such as Strategic Wealth Preservation
- Decide Which Precious Metals to Purchase
You can choose to invest in gold, silver, platinum, or palladium for your IRA. There are some restrictions regarding fineness requirements and allowable coin types, so it’s important to get guidance from Strategic Wealth Preservation in this area.
- Place Your Order
Once the funds are available in your IRA account, you can call them to place your order for the desired precious 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.
Alternatively, you can learn about how a gold IRA works, through the following guide:
Strategic Wealth Preservation Fees and Charges: Do they overcharge?What are their fees? Do they have hidden fees?
Fees
The fees that Strategic Wealth Preservation may charge the Customer for Precious Metal Bullion, SWP Account products, and Scrap Metal Transactions are described in the following section.
Administrative Fees:
If a cheque (of any sort), bank draft or money order issued to Strategic Wealth Preservation (SWP) is returned, the Customer will have to pay a $35.00 administrative fee.
Transactions that are cancelled will be charged a $50.00 administrative fee in addition to any applicable market loss repayments.
Other Fees:
- Metals Transfer (internal transfer from one client account to another): $50.00 fee
- Metals Withdrawal (from the vault, either via pick up or via delivery): $75.00 fee
- Audit (self-audit or a 3rd party hired by the Customer to conduct an audit on the Customer’s behalf): $75.00/hr fee.
Shipping Charges
SWP does not specify an exact shipping fee, but it does state that the company charges shipping and insurance fees based on the value of the package, the type of products being transported, the delivery method, and the shipping destination. Shipping and insurance costs may be subject to taxes.
Payment Options
Strategic Wealth Presentation accepts wire transfers, ACH, certified checks, cashier’s checks, and bank draughts as options for payment. Customers can save a preferred payment method after creating an online user account for faster order processing.
If the payment method fails, the customer must inform Strategic Wealth Preservation and update their details.
Companies like Augusta charge ZERO fees for up to 10 years and allow you to choose your own gold & silver. Strategic Wealth Preservation on the other hand provides fewer options.
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Strategic Wealth Preservation Reviews and Complaints: BBB, Trustpilot, Sitejabber Read all the Strategic Wealth Preservation reviews & complaints on Strategic Wealth Preservation
Trustpilot
SWP got a 4-star rating out of 5 on the Trustpilot platform, which is one of the most trusted consumer business ratings and reviews websites. There are a total of six customer reviews, the majority of which are positive. The Customers praised the customer service as well as the expertise of the representative of this company.
SWP has a 5-star rating on Google based on 9 user reviews. This is a good rating, but the low number of customer reviews is not appealing. However, the customers have left most the positive reviews praising SWP’s shipping services, product quality, and helpful knowledgeable advisor.
SWP has received no ratings or reviews on any other platforms besides Trustlink and Google. This is extremely disappointing for potential investors who value transparency and search for a strong online presence initially.
Also, this company is not Better Business Bureau accredited, which is another major red flag because an accreditation tells potential customers that the company is committed to providing them with a secure and the best possible experience.
Overall, they have received a few customer reviews, which could be because it is a new company in this market. According to sources, SWP was founded in 2014, which explains why they have such a low online presence.
Is Strategic Wealth Preservation Legit? Should You Invest With Them?Is Strategic Wealth Preservation a scam or legit? Are they worth it?
No, I don’t recommend investing with them.
Pros:
- Multiple choices of storage locations
- Wide range of products
Cons:
- Relatively new in the industry
- Limited online presence
- Not a BBB-accredited business
Buying gold or silver can be a difficult task for any individual. That is why it is critical to work with an experienced team that is knowledgeable about the industry and gives excellent customer service.
However, SWP appears to be a new company with no strong track record, no BBB accreditation, and no solid online presence. That is why it is concerning for potential customers.
To conclude, Strategic Wealth Preservation is a legitimate company for offshore precious metals storage; they are not a scam, but I would not recommend them to investors looking to secure their savings with a precious metals IRA; there are many better companies to work with.
You can check out our top recommendations here. Or, find the best provider of your state below:
Each state has its own regulations and rules, so we’ve sorted and found the best Gold IRA company for each state.
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