The firm's small advisory team works mostly with individuals and high-net-worth individuals. Additionally, the firm serves charities, businesses, pension plans and profit-sharing plans.
Regency Wealth Management Background
The firm first 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: Andrew Aran, Timothy Parker and Mark Reitsma. In 2018, Aran was recognized by Investopedia as one of the 100 most influential advisors in the U.S. Over the years, he's been quoted in the New York Times and Wall Street Journal and been interviewed on Bloomberg and CNBC.
Regency employs such certifications as chartered financial analyst (CFA), certified financial planner (CFP), chartered mutual fund counselor (CMFC) and accredited asset management specialist (AAMS).
Regency Wealth Management Clients Types and Minimum Account Sizes
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.
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, the minimum annual fee is $7,000.
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 are 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 Investing 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, 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 schedule below:
|Regency Wealth Management Fee Schedule|
|Portfolio Size||Annual Fees|
|*Estimated investment management fees do not include brokerage, custodial, third-party manager or other fees, which can vary in amount.|
|Estimated Investment Management Fees at Regency Wealth Management*|
|Your Assets||Regency Wealth Management Fee Amount|
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. These fees are charged every three months, and a $1,200 non-refundable deposit must be made prior to the start of your relationship.
What to Watch Out For
There are no disclosures of legal or regulatory issues to report for Regency Wealth Management.
One thing to note is that Regency Wealth is a is fee-based firm. Advisors may sell 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.
Opening an Account With Regency Wealth Management
You can send a message to Regency Wealth Management via its website. Alternately, you can call the firm or send an email for information or to set up an appointment.
All information is accurate as of the writing of this article.
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- 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.