Miles Franklin Review (Scam Or No?) (Updated November 2022)

November 2, 2022

Miles Franklin Review

Welcome to my Miles Franklin Review. (UPDATED NOVEMBER 2022)

If you are looking to jump into precious metals in 2022, you need to find a reliable and good firm to help you with that.

Is Miles Franklin the one you are looking for? What are its products and services? Is legit or a scam?

This Miles Franklin Review will answer all of those questions for you. Without further ado, let's get started.

Miles Franklin Review Quick Summary

Name: Miles Franklin

Founders: David and Andy Schectman

Price: Varies depending on your investments

Rating: 3/5

Miles Franklin Review logo

What is Miles Franklin?

Miles Franklin is a precious metals investment company and firm that aims to help its clients in starting their precious metal IRAs.

It was founded by the father/son duo, David and Andy Schectman in 1989. Miles Franklin is headquartered in Wayzata, Minnesota.

Miles Franklin Products and Services

Miles Franklin's products include gold, silver, platinum and palladium coins and bars. Moreover, it also offers IRA-eligible precious metals and numismatic gold options.

You can check out the company's products right here.

Apart from selling products, the company is also open to buy precious metals from its clients. Moreover, Miles Franklin offers custodian and storage services.

Brinks provide the fully segregated vault storage services for the company's clients. The following locations are available for the clients to choose from:

  • New York
  • Los Angeles
  • Vancouver
  • Toronto
  • Salt Lake City

As for the custodial services, New Direction Trust Company is in-charge for it.

How does it work?

Unfortunately, unlike other companies, Miles Franklin does not allow its clients to transact online.

If you wish to know the price of their products or make an order, you must call them at their phone numbers which you can find on their site.

Miles Franklin Ratings and Reviews (November 2022 Update)

At the time of writing this Miles Franklin Review, I found the following online ratings and reviews of the company.

  • BBB - 4/5 rating 4.4/5 rating, A+ rating, BBB accredited, 3 reviews 5 reviews, 0 complaints
Miles Franklin BBB Rating September 2022

  • BCA - CC rating based on 1 review 2 reviews
  • Trustpilot - 3.7/5 rating based on 1 review
  • Yelp - 4/5 rating based on 4 reviews
  • Facebook - 4.7/5 4.8/5 rating based on 15 reviews 25 reviews

Miles Franklin Pros and Cons


  • Good products
  • Good ratings and reviews, more positive ratings added in 2022
  • Offers IRA services


  • No price information on its website apparently
  • Cannot order online...
  • Still lacks some reviews and ratings compared to other companies

Is Miles Franklin a scam?

Let's conclude this Miles Franklin Review with an answer to this question.

Miles Franklin is not a scam. It is a genuine and legitimate company that offers good products and services.

Moreover, it has been in the industry for a long time already. The only downside it has is that clients cannot order online and the company lacks ratings and reviews, if we compare it to its competitors.

Nevertheless, it is still up to you whether you should engage with Miles Franklin with your investments or not.

If you want to know my top recommendation, you can check it out below.

Thank you so much for reading my Miles Franklin Review! If you have any comments or questions, feel free to leave them in the comments section!

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 Questions? Call 855-444-7022