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Regency Wealth Management Review

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Regency Wealth Management

Regency Wealth Management is a fee-only financial advisor firm based in Ramsey, New Jersey. It has a small, five-person advisory team and just over $256 million in assets under management (AUM). The majority of its clients are individuals and high-net-worth individuals. Aside from these clients, the firm works with charities, businesses, pension plans and profit-sharing plans. The firm requires a minimum investment of $750,000 for its investment advisory services, though it has a slightly lower minimum for its financial planning services.

Regency Wealth Management Background

This firm was opened in 2004 under the name Hudson Capital Management, LLC. It was rebranded as Regency Wealth Management in 2010. The firm has three principal owners: partners Andrew Aran, Timothy Parker and Mark Reitsma. Partner Andrew Aran was recently recognized by Investopedia as one of the 100 most influential advisors in the U.S. He’s written financial content over the years for publications including U.S. News and World Report, Fox Business, Smart Money and The Street.

Regency employs two chartered financial analysts (CFA), two certified financial planners (CFP), one chartered mutual fund counselor (CMFC) and one accredited asset management specialist (AAMS).

What Types of Clients Does Regency Wealth Management Accept?

Although individual investors with and without a high net worth make up most of Regency Wealth Management’s client base, it does serve a multitude of other client types. These include businesses, foundations, trusts, charitable organizations and corporate pension and profit-sharing plans.

Regency Wealth Management Minimum Account Sizes

The wealth management, investment advisory and retirement plan consulting services available at Regency Wealth Management require an account that’s at least $750,000 in size. However, if you’re looking for financial planning services, this minimum is slightly lower at about $637,000.

Services Offered By Regency Wealth Management

Regency Wealth Management provides four major areas of service, with a number of sub-services included within them. They go as follows:

  • Investment advisory services
    • Customized investment and portfolio planning
    • Regular rebalances and plan reevaluation
  • Financial planning
  • Wealth management
    • Combination of investment advisory and financial planning services
  • Retirement plan consulting
    • Support for retirement plan sponsors
    • Investment strategy education for plan participants

Regency Wealth Management Investment Philosophy

Like many firms, Regency Wealth Management utilizes a long-term investment strategy. That strategy is occasionally supplemented by trading and short-term purchases. These are not used often, though, as they’re typically called upon only to help satisfy the liquidity needs of certain clients.

Regency tends to stick with lower-risk investment opportunities. In turn, equities, bonds, mutual funds, exchange-traded products, CDs, real estate investment trusts (REITs), preferred stocks, publicly traded master limited partnerships and structured products make up most of its client portfolios. However, should your risk tolerance, time horizon or overall financial objectives call for it, the firm is prepared to stray from its standard selections.

Fees Under Regency Wealth Management

Similar to its minimum account requirements, Regency Wealth Management operates under two different fee schedules. These are dependent on the types of services you need from the firm. So if you are a wealth management, investment advisory or retirement plan consulting client, your fees will be charged based on the scale below:

Portfolio Size Annual Fee
Up to $2.5MM 1.10%
$2.5MM to $5MM 0.75%
Over $5MM 0.35%

Financial planning clients are charged on an hourly basis at a rate of $300 an hour. There is a $7,000 minimum fee for this service, which equates to around 23 hours spent with your advisor. These fees are charged every three months, and a $1,200 non-refundable deposit must be made prior to the start of your relationship.

The below table demonstrates how Regency Wealth Management’s fees stack up in comparison to those at other comparable firms. These estimates are based on the rates for the firm’s wealth management, investment advisory and retirement plan consulting services.  Remember that the fees listed are only estimates and actual fees may vary depending on various factors.

*Fee estimates only consider the maximum base fees for the services each firm provides. You may also pay manager fees and other fees, which can vary in amount.
Estimated Fee Comparison*
Your Assets Regency Wealth Management Destination Wealth Management Zacks Investment Management
$500K $5,500 $5,750 $12,250
$1MM $11,000 $9,800 $21,500
$5MM $46,250 $39,000 $72,500
$10MM $63,750 $73,000 $125,000
$50MM $203,750 $365,000 $625,000

What to Watch Out For

While Regency Wealth Management is a fee-only firm, one if its advisors, Mark Reitsma, is fee-based. Reitsma sells insurance products and may earn commissions from sales, which could create a potential conflict of interest. However, the firm is a fiduciary and is legally bound to act in clients’ best interests at all times. The firm also explicitly states that clients are not in any way required to purchase insurance products. If they do, they will be given the option to buy it from someone else.

Disclosures

There are no disclosures or legal issues to report for Regency Wealth Management.

Opening an Account With Regency Wealth Management

The best and most direct way to open an account with Regency Wealth Management is to visit its office in Ramsey, New Jersey. You can also call the firm at (201) 447-5850 for information or to set up an appointment.

Where Is Regency Wealth Management Located?

Regency Wealth Management’s sole location is in Ramsey, New Jersey, at 500 North Franklin Turnpike, Suite 212. The firm provides a map and directions on its website if you have trouble finding the office.

Tips for Your Investment Portfolio

  • Financial advisors create and manage investment portfolios on a daily basis, giving many of them plenty of experience in the investment sphere. Finding the right financial advisor that fits your needs doesn’t have to be hard. SmartAsset’s free tool matches you with financial advisors in your area in 5 minutes. If you’re ready to be matched with local advisors that will help you achieve your financial goals, get started now.
  • Diversification is key to the longstanding success of any portfolio. To create a diverse portfolio, you’ll want to include many different invest types from different areas of the market. This allows you to better withstand possible market downturns and also provides the potential to improve returns.

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology To determine how long a $1 million nest egg would cover retirement costs in cities across America, we analyzed data on average expenditures for seniors, cost of living and investment returns.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. This reflects the typical return on a conservative investment portfolio. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research