Regal Assets has been closed down, and investors at Regal Assets have been defrauded by the company. Now their official website is inaccessible and an error message like such is shown:
What is Regal Assets?
Regal Assets is an IRA provider based in Burbank, California. Tyler Gallagher founded the company in 2009 and has been running it since.
The company has been able to build a solid reputation in the IRA industry over the years.
They were able to get an ‘A+’ rating with BBB in 2010, a rare feat to achieve within a year of inception.
The company’s office is located at 280 S Beverly Dr 5th Floor, Beverly Hills, CA 90212, US. Their contact number is 1-877-962-1133.
Similarly, you can contact an account executive from 7 AM to 6 PM PST on weekdays.
A unique highlight is they don’t offer collectibles. This IRA provider only offers IRA products to its customers, setting it apart from other precious metal dealers.
Moreover, Regal Assets has been able to get over 1,700 positive reviews on Birdeye.
Again, it’s no easy feat and increases confidence in the company.
Also, the company has been a member of Forbes Finance Council for years. At the time of writing this review, they have over 58 articles published on Forbes.
Considering how the company has faced several hiccups, including a “Regal Assets lawsuit” from competitors, these are all noteworthy achievements.
The company ranked #20 in the Inc 500 list for the US. All of this suggests the IRA provider has built a strong and reputable brand based on trust and authenticity.
Who is Tyler Gallagher?
Tyler Gallagher is the CEO and founder of Regal Assets. Many publications have featured him over the last few years including Reuters, Bloomberg, Market Watch and Forbes.
He founded Regal Assets in 2009 and bootstrapped the company. Since then, it has evolved into an international investment bank with offices in Dubai, Toronto, Beverly Hills and London.
Furthermore, he has been a regular contributor to Forbes, Authority Magazine and Thrive Global.
In multiple interviews, Tyler has revealed that he started Regal Assets when he didn’t even have much funds. There was a time when he used to sleep in his car because he didn’t have a house.
Now, he is a thought leader in the alternative assets industry with a global enterprise.
However, apart from Tyler Gallagher, there isn’t any information available on other Regal Assets employees.
This bothered me a little because you have no method to find out about the company’s team.
Still, Tyler remains quite active in the industry, posting articles and sharing insights regularly.
How to Invest with Regal Assets:
Being an online IRA provider for nearly two decades has allowed Regal Assets to understand how to provide a smooth user experience.
Hence, signing up on their website is rather easy.
You can open an online gold IRA account with Regal Assets within minutes.
Opening an online IRA account saves you a considerable time and effort.
Moreover, you’ll be able to set up your IRA much quickly.
They have a dedicated team of IRA experts so you can take their help as well. Rolling over funds from a traditional IRA into cryptocurrencies and precious metals might seem difficult.
So, having the option to seek expert guidance helps.
Here’s how you can sign up:
Fill out the registration form on their website. The company claims to send an email back within 24 hours.
Also, they complete the required IRA documentation for you during this period to reduce your hassle.
When you receive the email, you will also get the necessary paperwork for transfer request submission.
Submitting the transfer request would allow Regal Assets to contact your custodian and transfer the funds directly to your new IRA account.
Now, you only have to wait to hear from the Account Executive. They will finish the transfer process and update you whenever they complete a step.
Your account executive will help you in purchasing the suitable alternative assets.
Once you approve the purchase, they will complete the order. Then, Regal Assets delivers your metals within seven days to the depository.
After their arrival, the company will notify you. Now, you can check your IRA account whenever you want, including your orders.
Regal Assets Products: Something for Everyone
The Regal Assets Products catalog is full of variety. Moreover, all the options available are IRA-eligible as this IRA provider doesn’t sell collectible coins.
Hence, all the products you purchase will be an investment.
As of 2022, Regal Assets offers 16 gold IRA products. These include bars and coins of various designs and sizes.
You can buy gold bullion bars weighing one kilogram as well as gold coins of just one gram weight.
There are a total of 9 gold bars available with Regal Assets.
- One kg gold bar
- 10 oz gold bar
- 1 oz gold bar
- 50 gm gold bar
- 20 gm gold bar
- 10 gm gold bar
- 5 gm gold bar
- 2.5 gm gold bar
- 1 gm gold bar
Here’s an example of a One kilo gold bar.
These bars are suitable for investors interested in purchasing large quantities of gold. The bars consist of 0.9999 pure gold and come with a hallmark, purity and engraved serial number.
Regal Assets offers a total of 7 gold coins. They come in various designs so you get a ton of options to choose from.
For example, here’s a Gold American Buffalo coin. It is the first 24-karat gold coin pruced by the US Mint for the public.
It showcases the profile of a Native American Indian with features from 3 different tribe chiefs, Two Moons, Iron Tail and Big Tree.
Similarly, you have the following gold coins to choose from:
- American Eagle
- Canadian Maple Leaf
- American Buffalo
- South African Krugerrand
- Chinese Panda
- Austrian Philharmonic
- Britannia Coin
If you’re interested in silver bullion products, Regal Assets has got you covered there as well.
They offer a total of 8 silver products you can purchase. Out of them only two are silver bullion, which might be a downer for some investors.
Their silver offerings include 2 bars and 6 coins:
- 100 oz silver bar
- 10 oz silver bar
- Australian Kookaburra coin
- Britannia coin
- Australian Koala coin
- American Eagle coin
- Austrian Philharmonic coin
- Canadian Maple Leaf coin
Even though their collection of silver products is a bit smaller than gold, it’s full of variety in designs and weight.
If you’re interested in purchasing large quantities of silver, then Regal Assets is probably among the best precious metal dealers in the market.
For example, their Silver American Eagle is among the best-sellers in the category.
These coins weigh 1 oz each and if you order a group of 20 coins, you get a free storage container as well.
The US government had introduced the Silver American Eagle in 1986 so people could invest in silver bullion. These coins are guaranteed for their purity and weight by the US Mint.
Also, these one ounce coins are 99.9% pure silver.
If you’re looking for a diversified IRA portfolio, Palladium might be an excellent choice for you. However, finding IRA-approved palladium is rather difficult.
So, even though the collection is small, Regal Asset’s palladium offerings is a breath of fresh air.
Palladium is a rare element staying between silver and gold in terms of value.
Regal Assets offers three palladium products to their clients:
- 10 oz Palladium Bar
- 1 oz Palladium Bar
- Canadian Maple Leaf Coin
If you haven’t invested in palladium before, one of their best products you can buy is their 1 ounce Palladium Bar.
Its pricing and quality make it an attractive investment for those looking to diversify their IRA portfolio.
The Palladium Canadian Maple Leaf Coin weighs one troy ounce and is another attractive investment option.
Their palladium bars have 0.9995 purity.
The product selection of Regal Assets for platinum bullion is much smaller than their gold and silver offerings.
Considering they are mainly a gold IRA company, it’s not surprising.
They offer three platinum coins:
- Canadian Maple Leaf
- Australian Koala
- American Eagle
Among these, the most popular coin is Canadian Maple Leaf. It was introduced by the Royal Canadian Mint in the same year as the Silver Canadian Maple Leaf coin.
This coin is 99.95% pure platinum and its legal tender value, purity and weight are guaranteed by the Government of Canada.
Regal Assets Bitcoin IRA
Apart from being an industry leader in the gold IRA industry, Regal Assets is also a pioneer in the crypto IRA sector.
They were the first gold IRA company to begin offering cryptocurrency investments within the same account.
Initially, they only offered Bitcoin and Ethereum.
However, their current roster has increased substantially and now includes Litecoin (LTC), ChainLink (LINK), Zcash (ZEC), Ripple (XRP), Stellar (XLM) and many others.
Their collection includes a large selection of cryptocurrencies to choose from.
Additionally, you can create a custom Regal IRA portfolio where you have both precious metals and cryptocurrencies.
It’s a unique feature and makes it suitable for many investors of alternative assets.
Regal Assets Fees: How Much Will You Need to Pay?
Regal Assets has a very competitive pricing structure.
However, like most other IRA firms, they don’t list their pricing details on their website.
As of 2022, Regal Assets fees follows the following structure:
|Initial Setup Fee||$0|
|Storage and Maintenance Fees||$0 (non-IRA accounts)|
|Precious Metal Buyback||$0 (no fee)|
|Annual Administration Fee||$100 (waived for first year)|
|Annual Segregated Storage Fee||$150 (waived for first year)|
|Minimum Purchase Amount||$10,000|
Because they waive the annual administration fee and segregated storage fee for the first year, you can save $250 automatically.
Furthermore, unlike other IRA providers, Regal Assets doesn’t charge any initial setup fee.
You would need to start paying 12 months after you open the account.
Their annual fee is quite competitive as well.
For example, Noble Gold is another prominent gold IRA provider which charges $230 annual fees.
However, its annual insurance premiums add up and increase the overall costs substantially.
Certainly, Regal Assets fees don’t come with those premiums and remain predictable, making sure it doesn’t hamper your finances.
If you open a tax-exempt account, the minimum investment requirement is only $5,000.
To find out the latest and most accurate Regal Assets fees information, you would have to contact their customer support.
Alternatively, you can sign up for a free kit they offer.
Regal Assets customer support number is 1877-962-1133.
After contacting them, you’ll talk to an Account Executive who will give you a quote based on your account size and requirements.
Furthermore, the quote will only change if you accept or lock in the price regardless of how the precious market behaves.
Additional Highlights of Regal Assets:
Apart from fees and products, Regal Assets has many features that help them stand out in the extremely competitive IRA industry.
Below are some unique highlights of this gold IRA provider:
Free IRA Education Kit:
One of the most attractive features of this IRA provider is the free IRA kit they offer to new registrants.
The free investors kit consists of valuable information on Regal Assets including the company’s history, products and fees.
But that’s not all.
They offer a bonus CD and a 10-year anniversary silver coin to people who register for the free investors kit.
It’s the perfect way to get to know about an IRA provider you haven’t dealt with before.
Insurance and Delivery:
When you purchase precious metal products from Regal Assets, you get a delivery guarantee of seven days.
Moreover, if the company misses the deadline, you can get an American Eagle coin.
On the other hand, other precious metal dealers and IRA providers take 30-90 days to deliver products.
Fast product delivery makes Regal Assets an easy first choice for many investors. Your product will arrive in discreet packaging through FedEx, UPS or USPS, according to the location.
In terms of insurance, this IRA provider takes total responsibility for the order’s delivery until it reaches your hands.
When they dispatch an order, you get a tracking number. You can use it to track your order’s location..
Furthermore, if the order is large, Brinks provides you with armed guards.
Regal Assets Buyback:
A notable highlight of this IRA provider is they can buy back your precious metal products at an over-spot price if you want.
They take 24 hours to complete the process after you submit the request.
For investors who like having liquidity at hand, this is a phenomenal feature.
According to IRS rules, you must insure your gold and store it at an IRS-approved depository until you are 59.5 years of age.
Regal Assets offers storage facilities to its clients as well. Their preferred depository is Salt Lake City’s Brinks.
Furthermore, if you want segregated storage, they don’t charge any extra fees. They don’t even increase the insurance so your costs remain the same.
Also, the company records the transfer of precious metal products from your retirement account to the depository for storage by video.
It’s worth noting that Regal Assets was a pioneer in this regard as well. They were the first gold IRA provider who began recording videos of such transfers.
With their international reach, you have the option to store your precious metal products overseas as well.
IRA Rollovers –
Regal Assets offers 401(k) to IRA rollovers. Apart from 401(k)s, you can get rollovers from TSPs, IRAs and 403(b)s.
According to various reviews, the account executives at Regal are quite helpful and make sure the rollover happens smoothly.
You won’t even have to contact your IRA custodian because the staff at Regal will do it for you.
All you have to do is decide how much you want to invest and where you want to invest .
Regal Wallet –
Regal Wallet is the crypto IRA offering of Regal. It protects your cryptocurrencies through cold storage.
Furthermore, it will allow you to take advantage of the Regal Assets crypto IRA selection more effectively.
Regal Assets Reviews: What People Say About Them
Before investing with any IRA provider, you should check their reviews on third-party platforms.
I checked multiple review platforms to find out what the clients of Regal Assets have been saying.
The result was amazing.
With thousands of positive reviews, Regal Assets enjoys a rather positive reputation in the industry.
There were complaints too but they were substantially outnumbered.
Furthermore, I found the customer support team of Regal Assets to be extremely quick.
Most of the complaints I found on the IRA provider were either answered or resolved.
Below is a detailed breakdown of Regal Assets reviews according to platforms:
Birdeye Regal Assets –
The Birdeye Regal Assets page has the highest number of reviews in comparison to other review platforms.
Here, the rating of this IRA provider is 4.9/5.
The total number of reviews here is over 1700 and they seem organic.
To recognize if the reviews on a business are fake or organic, you should see if the reviews share much detail or not. Also, you should check their dates. Fake reviews tend to be posted on the same day.
However, that doesn’t appear to be the case here.
Having a 4.9 out of 5-stars rating is commendable.
Out of the 1700+ reviews on the Birdeye Regal Assets page, only 8 of them are negative.
Here are some examples of the reviews available on that page.
Most Regal Assets reviews praise the company’s effective service and the guidance they offer in setting up an IRA.
Also, a ton of reviews compliment the company’s simple rollover procedure.
I found several reviews from clients holding investment portfolio with this firm and they were praising its analysts and advisors for their assistance.
Here are some more.
According to these reviews, Regal Assets focuses on helping its clients through expert advice and guidance. This way, both of them benefit.
This quality makes this IRA provider particularly suitable for people who aren’t much familiar with IRAs.
The expert guidance ensures you can set up a Self-Directed IRA easily.
Regal Assets BBB –
The Regal Assets BBB page shows that they have an B+ rating.
Considering how the business has been operating for 17 years, it’s impressive.
While a higher rating might have been better, there are other platforms where they have received overwhelmingly positive reviews.
Their BBB page shows a temporary warning regarding a lawsuit they were involved in.
Also, they have responded to or resolved every complaint they have received on their BBB page.
It’s a good sign as it means the company takes customer service seriously.
So, if you encounter an issue with them, you can be assured that they will try to resolve the problem as effectively as possible.
Additional Regal Assets Reviews –
Apart from Birdeye and BBB, this IRA provider has received reviews on Business Consumer Alliance.
There, IRA provider has a stellar 5 out of 5-stars rating based on 57 reviews.
This is another good sign and shows Regal Assets is a dependable firm you can trust.
Because of their industry experience and rating, BCA has given them an AA rating at the time of writing this review.
Furthermore, it’s worth noting that Regal Assets has been a member of BCA since 2009.
In the last 3 years, the company has only received 4 complaints on the platform and they have resolved each of them.
I was glad to see such fast complaint resolution by Regal Assets. Considering the size of this organization, they have really focused on providing their customers with a smooth experience.
Verdict: Is Regal Assets Legit?
Judging from the 1700+ reviews, the answer to this question would be: Yes.
Regal Assets has a longstanding reputation in the gold IRA industry. They are pioneers of the crypto IRA sector and focus heavily on keeping transfers and rollovers secure and smooth.
The company has been operating in the extremely competitive IRA industry for 17 years.
In these years, Regal has expanded globally and has innovated along the way. They offer a longevity benefit you rarely see in this industry as most companies shut down within 3-4 years.
Furthermore, they only offer IRA-approved products which saves you a lot of trouble. Otherwise, you might find yourself owing penalties to the IRS because you added ineligible products to your IRA.
Surely, their unique offerings and features make them a favorite for many investors.
Should You Invest with Regal Assets?
- Nearly two decades of experience
- Thousands of positive reviews
- Only sell IRA-approved metals
- Offer precious metals and cryptocurrencies together
- Don’t charge additional fees for buyback
- Competitive pricing
- Forbes Finance Council member
- Highly reputed
- Faced a lawsuit by a competitor in 2014
- Share little information about their management team
- Closed down
- CEO on the run
According to the points I listed above, Regal Assets is a great place to consider when you’re looking for an IRA provider.
They are a great fit for beginners and seasoned investors alike.
If you’re unfamiliar with IRA then the account executives at Regal Assets can be of great help to you. All you have to do is request a free kit. They will take care of the rest.
Their IRA-eligible products ensure you don’t violate any rules or regulations when expanding your iRA portfolio. Moreover, they store all client metals in a secure third-party vault.
I recommend investing with Regal Assets. No company is perfect and they have their flaws too.
But the sheer number of pros outweigh the few issues present in this company.
With Regal, you will be safe from any IRS penalties and free from any worries about your portfolio.
Furthermore, if you’re interested in cryptocurrencies then their crypto IRA selection would be perfect for you. They are one of the few companies that allow investors to have both precious metals and cryptocurrencies in their IRA.
Whether you’re someone interested in precious metals or just retirement investments, you should definitely consider Regal as a strong candidate.
Regal Assets charges a $250 flat annual fee where the first year is waived. They have partnered with New Direction IRA and Brink’s to vault precious metals.
Regal can roll over funds from your existing IRA for free and offers both Traditional IRAs and Roth IRAs.
Before you begin, they offer a free kit so you can get familiar with everything.
However, I must say that I didn’t like how Regal Assets avoids sharing any information about its management team. They only share Tyle Gallagher’s name publicly.
Apart from that, I think Regal Assets is perfect for most retirement investors. Still, don’t follow my word blindly.
You should always speak to your financial advisor to decide if Regal Assets is right for you. Your financial advisor can also help you decide how much you can invest in precious metals.
They will inform you of various risks associated with metals investments and what their drawbacks are.
It’s true that investing in precious metals saves you from US dollar’s devaluation and recession but it doesn’t generate dividends like stocks.
Moreover, if you’re looking for a different IRA provider then you can always check out our gold IRA reviews on other firms. Always learn about a company before investing with them.