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.
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**|
|$1MM||$10,000||$8,500 - $10,000|
|$5MM||$45,500||$25,000 - $32,500|
|*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.
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 firstname.lastname@example.org 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
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