Guildhall Wealth Review
Guildhall Wealth, founded in 2002, is a Ontario-based gold and silver dealer that has an established relationship with Questrade, the primary online discount broker for servicing physical bullion in registered accounts. If you are looking to invest in gold or silver bullion with your RRSP tax-deductible allowance, opening an account with Questrade is the best first step. Although Questrade is itself a bullion dealer, they are not experts in precious metal investing. If you want to talk to professional bullion traders, you can link your Questrade RRSP account to Guildhall Wealth (or any of Questrade’s affiliate bullion dealers).
Trade Gold and Silver in Your RRSP
Guildhall was the first dealer in Canada to service physical gold and silver in registered accounts that fully allocate, segregate and store your bullion under your name in a private IIROC approved vault. Although you cannot have physical possession of gold or silver that is still part of your RRSP, Guildhall guarantees that you own more than a certificate or IOU. When you buy from them, you receive a delivery receipt with an inventory list that includes bar descriptions and serial numbers for each of your gold or silver pieces. You can also take possession of your holdings at any time. Of course, for RRSP accounts, taking possession of your gold or silver prior to turning 71 is like making a withdrawal from your RRSP, which means you will have to pay the punitive taxes. There will also be shipping fees from the storage facility.
You can buy and sell gold and silver through Guildhall with cash in your Questrade account and when you look at your Questrade statement, the bullion will be included at current market value. Trades must be completed over the phone during office hours. Simply call Guildhall and talk to a sales representative. They can provide a lot of information to help you make the right personal decisions about what to invest in and when. They can also make a purchase or sale in minutes and will debit or credit your Questrade account the following day.
Your silver or gold will be shipped to a fully allocated and segregated storage facility at the IDS depository in Ontario. Storage costs are 1.25% of the market value of your bullion per year. The fees can come out of a separate margin account at Questrade or simply be deducted from your Questrade RRSP account. Storage fees include insurance from Lloyds of London which insures your holding on a daily basis so that they are always fully covered, even when prices are volatile.
The selection of RRSP eligible gold and silver available through Guildhall is limited to the types of bullion they recommend for investment portfolios. They encourage RRSP investors to stick to gold and silver bars because the premiums are lower than the premiums on coins. As collectors items, coins tend to be priced well above spot price. Also, smaller denominations have higher premiums. Guildhall sells 1 oz gold bars and 10 oz and 100 oz silver bars. They can also organize the purchase of ‘monster boxes’ of silver coins (240 or 500 maple leaf coins per box). Sales representatives are friendly, knowledgeable and easily reached by phone. Prices are updated constantly during business hours.
Fees and Fine Print
Guildhall claims to have the lowest commissions and provide the best prices for bullion in Canada. Although, they do not provide a best price guarantee, like some of the competition. Premiums are not disclosed or standardized but depend on the items purchased or sold. Questrade’s commission of $19.95/trade will be build into Guildhall’s quotes.
There are no fees for opening an account with Guildhall Wealth or Questrade. The minimum funding for a Questrade account is $1000, which should be in U.S. dollars as bullion markets are based in that currency. Conveniently, Questrade allows investors to hold both U.S. and Canadian dollars in the same account so you are can avoid currency exchange fees. An inactivity fee of $19.95/quarter applies to accounts under $5000 that do not make any trades.
Guildhall Wealth Rating & Complaints
BBB Rating: A+ (Details)
BBB Compaints: 0 Complaints in the past three years. (Details)
Yelp: Not Listed
Yellow Pages: Not Rated (Details)
Google+: Not Rated (Details)
Facebook: (5 / 5) based on 1 review. (Profile)
TrustLink: Not Listed
SiteJabber: Not Rated (Profile)
Guildhall Wealth Storage Information
- 100% Allocated & Segregated Storage
- Discreet and Confidential
- Custom inventory reports including serial numbers
- Non-Bank/Financial Institution
- Locations: Toronto, Canada; Delaware, USA; and Singapore
Guildhall Wealth Shipping/Delivery Infromation
Dillion Gage strives to ship orders within 48 hours of receiving your electronic request. At your request, orders can ship insured, via Federal Express, UPS or Postal service.
Guildhall Wealth Promotions, Discount Coupons, or Vouchers
There are no current known or posted promotions.
Guildhall Wealth Founders & Management Team
President. Paul Wiseman. In 2002, Paul was introduced to the bullion business when he was recruited to manage the Toronto office for an international firm. By 2008, Paul had purchased the firm and acquired an additional two companies in the process, rebranding the company as Guildhall Wealth Management.
Vice-President. Jeremy Wiseman. Responsible for sales, growth and development, Jeremy Wiseman is the Vice-President of Guildhall Wealth Management Inc. Joining the family business in 2005, Jeremy’s in-depth expertise in hard asset investments in the areas of Natural Fancy Color Diamonds and precious metals allows him to equip equips every Guildhall client with the know-how to make informed buying decisions.
Senior Analyst. Darren V. Long is a writer, speaker and financial commentator on gold, silver and the economy. He discusses the precious metals market weekly on The Real Money Show. He also contributes his writing to the Precious Metals Advisor, a leading e-publication in the industry.
Guildhall Wealth Store/Branch Locations
Currenly Guildhall Wealth Managment has no retail or branch stores.
Corporate: 100 Allstate Parkway, Suite 301 Markham, ON L3R 6H3 Canada
Guildhall Wealth on the Web
- Helpful sales reps available for consultation
- Full detailed inventory of holdings includes serial numbers of each bar
- Lloyds of London insures daily value of holdings
Small selection of bullion
Guildhall Wealth, founded in 2002, is a Ontario-based gold and silver dealer that has an established relationship with Questrade to service physical gold and silver investments in RRSP accounts. Guildhall was the first dealer in Canada to service physical gold and silver in registered accounts that fully allocate, segregate and store your bullion under your name in a private IIROC approved vault. When you buy from them, you receive a delivery receipt with an inventory list that includes bar descriptions and serial numbers for each of your gold or silver pieces.