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Ira Financial Group
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Ira Financial Group Reviews Summary

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Financial Services | Miami, FL

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1691 Michigan Ave # 335, Miami Beach, FL 33139, United States

Trustguide Rating

TrustScore®
A+
A
B
C
D
F
Graded by
Trustguide®

This rating reflects Trustguide's opinion about the organization's customer feedback published on review platforms.

What do customers say about Ira Financial Group?

As of Mar 28, 2024, 225 customers have reviewed this business and rated it 4.6 Star out of 5. Trustguide conducted an in-depth analysis of Ira Financial Group's publicly available reviews, carefully extracting sentiment phrases to help users understand customer experiences.

This report was generated using data from publicly available review platforms. To learn more about verification and authentication of reviews, please visit the respective review platform. View source

Created by
Trustguide
Published on
March 28, 2024
Last updated
March 28, 2024

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Ira Financial Group's customer reviews analysis

Evaluating the overall reputation of IRA Financial Group through recent reviews reveals a conflicted picture. There appears to be a general satisfaction among many of the clients with regards to customer service, particularly noting the attentiveness, professionalism, and educational support provided by their representatives. Customers like Maria, Casper, and Delight are frequently mentioned for their helpfulness and efficiency. This positive feedback suggests that the firm has a process in place that operates smoothly, and clients have a sense of assurance and ease when handling financial transactions, even in complex situations such as investing in real estate or setting up self-directed IRAs and solo 401ks. On the other hand, there is a grave concern due to a significant security breach incident resulting in a $36 million hack. This highlights serious risks associated with their service and points to dissatisfaction with communication and resolution efforts in the aftermath of the breach. Reviews hint at a potential dent in trust and security expectations that customers have from a financial institution, which is essential for the firm's reputation.

Positive Feedback

Several key positive aspects emerge from customer feedback for IRA Financial Group. Customers express a high level of satisfaction with the customer support received, specifically commending the knowledgeable and courteous staff. Representatives like Maria and Casper receive special mentions for their exceptional service, highlighting their role in facilitating a streamlined and efficient process for clients' financial transactions. The ease of setting up complex financial arrangements such as self-directed IRAs and solo 401ks, alongside the accessibility of customer service agents, bolsters customer confidence in managing their investments. Educational resources provided by the company, and their impact on enabling clients to make informed decisions about their retirement accounts, further contribute to the positive customer experience. Testimonials consistently point to a responsive, attentive, and professional service, providing a strong foundation for the company's positive reputation.

Concerns and Threads

Despite the positives, IRA Financial Group faces significant reputational challenges stemming from customer feedback. Most notably, the impact of a $36 million hack has been catastrophic for affected customers, with serious allegations of inadequate communication and lack of responsibility in compensating the losses. This incident has raised questions about the company's cybersecurity measures and its ability to protect client funds, a critical factor for any financial service provider. Moreover, the allegations of manipulating online reviews cast a shadow over the authenticity of customer satisfaction ratings, further eroding trust among the client base. Lastly, the advice to prospective clients to monitor access reports alludes to concerns around data privacy and unauthorized access, possibly exacerbating the trust issues triggered by the hacking incident.

Frequently asked questions about Ira Financial Group

How does IRA Financial Group support customers during the setup of complex financial structures like self-directed IRAs?

IRA Financial Group provides customers with educational materials, personalized guidance from experienced staff, and a one-stop-shop experience during the setup of self-directed IRAs and solo 401ks, facilitating a smooth and informed process.

Can IRA Financial Group's fees be paid from IRA balances and how does their fee structure compare?

The company offers a reasonable fee structure, billed quarterly at $360 per year. This fee can be paid from IRA balances, which offers tax benefits, and there are no extra charges for additional services, making it a competitive option in the market.

What measures has IRA Financial Group taken to address security concerns following the $36 million hack?

Reviews have raised concerns about communication and resolution measures post-hack. It is advised that prospective customers inquire directly with IRA Financial Group regarding updated security measures and compensatory policies for affected clients.

Recent customer reviews and testimonials for Ira Financial Group

Ira Financial Group
Eli Moallem
5-Star
2 months ago
Working with IRA Financial group was an excellent experience. My primary contact was Maria and she walked me through the process, educated me on my options and was incredibly attentive and personable. Everyone that I had contact with at IRA Financial was also pleasant and professional. I highly recommend IRA Financial and their team. Thank you!
Ira Financial Group
Andre Council
5-Star
a month ago
Maria and the team did an outstanding job of handling a rollover for business for me! It was a very streamlined process, plenty of email and communication and when I needed to actually speak to her, she dialed me right away. Kudos to IRA Financial Group!
Ira Financial Group
Paul Moran
5-Star
a month ago
I spoke with an very friendly CSR named Delight who was polite, courteous, and knowledgeable. Prior to my call I was concerned since I was behind on my account maintenance fees. Delight made getting current on my account a breeze and I am so happy to be using IRA Financial Group for a checkbook IRA type account. Great job!!
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Satisfaction Score

Based on the set of reviews used to generate this report, it appears that of Ira Financial Group's customers had a positive experience.

Positive
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Ira Financial Group

Overall Rating

TrustScore®
A+
A
B
C
D
F
Verified by
Trustguide®
Overall Rating
4.6
/5
225
reviews
Excellent
Good
Average
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Poor
More details

About Ira Financial Group

Financial Services
At IRA Financial Group, we help our clients take control of their retirement funds and gain the ability to invest in almost any type of investment–tax-free. When you choose IRAFG, you have direct and unlimited access to our in-house tax and ERISA professionals to ensure that all established tax structures are IRS compliant.
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