The Sterling Trust Company review

The Sterling Trust is a company which deals with investments in gold IRAs, precious metals, hedge funds and ira’s within the real estate Industry. In 2009 the Sterling Trust was acquired by the Equity Trust Company and later on was known as the Equity Institutional from the beginning of May in 2013

If you do happen to browse through many different customer review sites related to Sterling Trust Company, you would come to know that most of the clients of Sterling Trust do not seem to be satisfied with its operations and with the with the customer services that both Equity Institutional and Sterling provides to its customers. This has caused a great deal of mistrust within the Investments industry in particular to its Gold Ira Investments and precious Investments.

Sterling Trust Ira Reviews By Customers are not the best, but not the worst!

According to the reviews given by customers within the Trust link website only 6 of them shared their experience in which only 1 had given a positive review regarding the company, while on review sites such as the Pissed Consumer, Sterling Trust got more than 40 different complaints that ranged from customer services to banking and financing. But according to Better Business Bureau website www.BBB.com it gave the company an A from a scale of A+ to F, BBB also provided with resolutions to the different complaints that had be provided against the company.

Most of the reviews regarding the company focused on the fact that Sterling Trust was a fake and a scam and In many different ways, such as charging its clients who had no balance within their accounts at all, not able to convert the clients IRA funds and requesting different kinds of fees from their clients.

The Company (Now Equity Institutional) Was Investigated In The Past Because of the Complaints

Due to all of the above and other kinds of complaints, a company (Colt Ledger and Associates Inc.) was specially hired to investigate on all the claims stating it to be a scam. According to tother review sites, the investigation company found out that Sterling Trust had been suspected in dealing with many different fraud companies while it was acting as a custodian, and according to the investigators it was found out that the well reputed name of Sterling Trust was used by different fraud companies in convincing IRA investors to invest their valuables and gold through them.

This all was carried out by an agreement that was made between both the clients as well as the fraud companies that all of their investments would be later on forwarded to Sterling Trust. And in the end none of the investors saw their investments as all of it was transferred to the fraud companies.

Clients Were Victims

Those clients who were the victims of such fraud later reported that an agreement was made with the presence of Sterling Trust, moreover, it was also found in 2013 that Sterling Trust Online was hacked therefore compromising all of the personal information of their clients and the company failed to notify their clients regarding the issue until late April of 2013.

New Company Equitable Trust Seems Better Or Is It Same Company Different Name

In the light of all the negativity coming from the previous Sterling Trust, One has to consider if the move to Equitable trust is the same company with a different name or has the company cleaned up its image from the past. When you go on to the new site, you immediately feel the professionalism from the design and the reviews, therefore one considers if it is all smoke and mirrors.

There is perhaps not enough information now to see whether the spots have indeed been changed, but we must also be prepared to give second chances. Perhaps the new company learned from the mistakes.