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Royal Alliance Associates Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Many advisors only offer investment advisory services, but Royal Alliance Associates functions as both a registered investment advisor (RIA) and broker-dealer. Royal Alliance is an advisory firm based in Jersey City, New Jersey that offers services to a network of financial advisor firms. Advisors can take advantage of the firm's proprietary investment advisory programs, financial planning tools, insurance consulting services and more.

In total, Royal Alliance is partnered with nearly 2,000 financial advisors across the country who combine billions in discretionary and non-discretionary assets under management (AUM). These advisors typically work with some combination of high-net-worth individuals, non-high-net-worth individuals, trusts, estates, charitable organizations, businesses and retirement plans.

Royal Alliance and the advisors in its network are fee-based. This means that their compensation comes not only from client-paid fees but also from insurance and securities commissions. Fee-only firms, on the other hand, are compensated solely through client fees.

Royal Alliance Associates Background

Royal Alliance was founded in 1969, but it didn't register with the U.S. Securities and Exchange Commission (SEC) until 1997. It is a subsidiary of Advisor Group Inc., a network of four advisor networks, including Royal Alliance, SagePoint Financial, Woodbury Financial, VISION2020 Wealth Management Corp. and FSC Securities Corporation. Dmitry Goldin currently serves as president and CEO of Royal Alliance, and he has over 20 years of experience in the financial sector.

While the Royal Alliance team doesn't hold any advisory certifications, its collection of advisors does. These include certified financial planners (CFPs), chartered financial analysts (CFAs), accredited investment fiduciaries (AIFs) and more.

Royal Alliance Associates Client Types and Minimum Account Sizes

Rather than work directly with clients, Royal Alliance partners with financial advisors and their firms. The more than 60,000 clients these advisors serve are mostly individuals below the high-net-worth threshold. However, there are also many high-net-worth individual clients, as well as a few pension and profit-sharing plans, charitable organizations, businesses, banks and government entities.

The minimum account sizes for Royal Alliance's advisory programs vary. Exceptions to these minimums can be made at the discretion of Royal Alliance and its affiliated firms.

  • VISION2020's Advisor managed portfolios: $50,000
  • VISION2020's Unified Managed Account (UMA) program: $5,500
  • Signator Managed Account Platform: Varies from advisor to advisor
  • Third-party advisory services: At the discretion of the third-party
  • Financial planning and consulting services: No minimum
  • Retirement plan consulting services: No minimum
  • Non-discretionary investment services: No minimum

Services Offered by Royal Alliance Associates

Royal Alliance offers a wide range of financial services to its advisors, who in turn offer these services to their clients. These include:

  • Investment advisory wrap fee programs
    • Advisor managed portfolios
    • SMA program
    • UMA program
    • Signator Managed Account Platform
    • Investment and wealth management consulting
  • Financial planning
    • Financial review
    • Retirement planning
    • College fund planning
    • Home purchase planning
    • Tax planning
    • Estate planning
    • Insurance planning and risk management
  • Specialized lending services
  • Dual clearing services

Royal Alliance Associates Investment Philosophy

For the most part, Royal Alliance aims to foster sustainable and long-term growth for all of its accounts that its independent financial advisors manage. During the management of its programs, the firm uses a variety of tactics, including fundamental and technical analysis, to help inform its investment decisions.

Although long-term investing is its priority, Royal Alliance also develops short-term strategies as needed. Additionally, under the firm's third-party advisory program, each advisor will independently choose their methods of security analysis and overall strategy.

Royal Alliance Associates Fees

Fees for most advisory programs and services at Royal Alliance are negotiated with each advisor representative. Many of these are wrap fee programs, meaning clients pay a single fee to cover all management and transactional costs. There are some set fee schedules for the following offerings:

  • Financial planning, consulting and non-discretionary investment advisory: $500 - $15,000 fixed fee or $50 - $750 hourly fee
  • Retirement plan consulting: $500 - $100,000 fixed fee or $50 - $300 hourly fee

What to Watch Out For

Royal Alliance has several disclosures on its Form ADV. These disclosures relate to the firm itself, certain of its advisory affiliates or some combination of the two.

Royal Alliance Associates works with independent financial advisors instead of traditional clients, like individuals, businesses or retirement plans. This means that individuals will not work directly with Royal Alliance, instead gaining access to its services through its affiliates.

Certain members of Royal Alliance's advisory network can earn commissions when they sell specific insurance products or securities. This creates the potential for a conflict of interest, though the firm is still bound by fiduciary duty, which legally means it must act in your best interest at all times.

Opening an Account With Royal Alliance Associates

If you’d like to open an account with one of Royal Alliance Associates' affiliated firms, you can go to their website and submit a form or call them at (800) 821-5100.

All information is accurate as of the writing of this article. 

Tips for Building an Investment Portfolio

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How Long $1mm 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.

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

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

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%. 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