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Regent Wealth Management Review

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Regent Wealth Management Group

Regent Wealth Management Group is an investment advisory and wealth management firm based in Woodbridge, Connecticut. It has more than $292 million in assets under management and two financial advisors on staff.

The firm offers a broad range of financial advisory services to its clients, which include individuals and high-net-worth individuals as well as a select number of pension and profit-sharing plans. However, the vast majority of the firm’s client base is comprised of individual investors, not institutional clients.

Regent Wealth Management Group Background 

Regent Wealth Management Group was founded as a corporation in 1988 and became a registered investment advisor in 2001. It is owned by Alan P. Weiss, who is the firm’s principal and chief compliance officer. Weiss, a certified public accountant, previously worked at a large firm, where he realized that clients wanted help with the “big picture” when it came to investments rather than simply talking about insurance or individual investment decisions.

What Types of Clients Does Regent Wealth Management Group Accept?

Regent Wealth Management Group works with high-net-worth and non-high-net-worth individual investors. In addition to individual investors, Regent also works with a select number of pension and profit-sharing plans. However, the majority of its clients are individual investors. The firm does not have a set account minimum, so in theory even lower-level investors can use the firm. However, the firm’s minimum fee requirements make it realistically an option for those investing at least $2 million.

Individual investors who are looking for a small, boutique-style advisory shop are likely to find what they are looking for with Regent Wealth Management Group. With fewer than 200 clients and just two advisors on staff, the firm is a good fit for customers who are local to the firm’s Woodbridge, Connecticut-based office and want a smaller, family feel. The firm focuses on being a full-service investment management option, offering “investment management integrated with financial life planning.” It considers a wide range of factors, including time horizon, risk tolerance, liquidity needs, tax efficiency and asset protection needs, when working with clients.

Regent Wealth Management Group Minimum Account Sizes

There is no minimum investment requirement at Regent, but the firm does charge minimum annual fees. Regent requires a minimum annual fee of $10,000 for its financial planning and investment advisory services. Additionally, clients who have less than $2 million in assets under management at the firm will pay an annual fee of $5,000, plus 0.75% of investable assets for the first year. After the first year, clients will be charged according to the firm’s regular fee schedule. If a client is only using the firm for financial planning and not investment advising, the minimum fee is $5,000.

Services Offered by Regent Wealth Management Group

Services offered by Regent Wealth Management Group include:

  • Investment advising
  • Financial planning
  • Consulting services
  • Retirement plan services
  • Tax planning
  • Estate planning
  • Insurance needs

Regent Wealth Management Group Investment Philosophy

At the center of Regent’s investment philosophy is the idea of “thinking big.” The firm focuses on long-term investments, preferring to take the view that markets can go through cycles that must be planned around. Managers at the firm seek to limit volatility and create a diverse investment profile that manages risk.

The main investment vehicles that Regent uses are mutual funds and exchange-traded funds, as well as some individual debts and equities.

Fees Under Regent Wealth Management Group

Regent is a fee-only investment advisor, meaning that the firm only earns money from the fees that clients pay. Advisors at Regent do not earn commissions from selling any financial or insurance products.

The firm charges clients based on a percentage of their assets under management. The firm’s fees are negotiable, but it generally charges clients based on the following rates.

Investment Management Fees
Assets Under Management Fee Rate
First $2 million 1.00%
Next $3 million 0.85%
Next $5 million 0.65%
Over $10 million 0.30%

The table below compares Regent’s fees to the fees at other similar financial advisor firms. Note that these fees are only estimates and may vary based on your specific situation and the services provided. This chart includes the first year fees for accounts less than $2 million.

Estimated Fee Comparison*
Your Assets Regent Wealth Management Group National Median Advisory Fees**
$500K $5,000 $5,000
$1MM $10,000 $8,500 - $10,000
$5MM $45,500 $25,000 - $32,500
$10MM $78,000 $50,000
*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. **All figures are based on median fee levels according to Bob Veres' 2017 Planning Profession Fee Survey. The above estimates solely take into account AUM-only fees. Total costs will likely be higher due to additional expenses.

What to Watch Out For

Regent is a small advisory shop, with only two advisors on staff and less than 200 clients. This offers the potential for a lot of personal attention. However, the firm won’t be offer the robust research staffs and the connections to big banks that some large investment management firms offer.

Also, if you have less than $2 million to invest, you should be aware that you will be hit with additional fees. Clients with less than $2 million under management must pay a $5,000 fee on top of an asset-based fee of 0.75% of assets under management. However, this elevated fee rate only applies for the first year. Still, potential clients should make sure to account for the increased first-year fees when calculating their total fee burden.

Disclosures

Regent Wealth Management Group has no disclosures on record with the SEC from the past 10 years.

Opening an Account With Regent Wealth Management Group

To learn more about Regent Wealth Management Group, potential clients can email the firm at info@regentwealth.com or call the firm at (203) 387-7887.

Once you become a client of the firm, the first step will be an interview. A representative of the firm will sit down with you to gather information about your financial situation, which will inform the firm’s subsequent services. 

Where Is Regent Wealth Management Group Located?

The firm’s office is located in Woodbridge, Connecticut. The office is situated in the southwestern region of the city on Bradley Road, nearby West Rock Ridge State Park.

Financial Planning Tips

  • Finding the right financial advisor for your unique situation is key to ensuring you’re set for financial success in the long run. Finding the right advisor isn’t easy though. You can get some help through SmartAsset’s free financial advisor matching service. This service will ask you a few questions about your finances and your personal preferences. From there, it will match you with up to three advisors in your area, all fully vetted and free of disclosures. The advisors will be given your contact information and will get in touch to see if you’re interested in doing business with them.
  • One key area of financial planning is retirement savings. To see how much money you are likely to need in retirement, use the SmartAsset retirement calculator. You can then see how that figure compares to your current savings. 
  • If you find you need to boost your retirement savings, one way to do that is to open a Roth IRA. This lets you put money in post-tax, so what you see in your account will be what you have when you retire. 

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 cost of living in retirement there.

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

Methodology SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. Using that calculation, we determined how many years $1 million would last in retirement in each major city.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors throughout the country. 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.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%, reflecting the typical return on a conservative investment portfolio. Finally, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would last in each of the cities in our study.

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