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Royal Fund Management 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.

Based in Lady Lake, Florida, fee-based investment advisory firm Royal Fund Management (RFM) currently has hundreds of millions of dollars in assets under management (AUM). The firm offers a variety of advisory services through asset-based, hourly and fixed fees, and it has nearly 100 advisors managing more than 5,000 clients.

Royal Fund Management Background 

RFM was founded in 2007 by Mark Royal Sorensen, who still principally owns the firm to this day. The firm specializes in investment, financial planning and retirement planning services, and it serves a wide range of individual and institutional clients. 

Many of the firm’s advisors are located in different states and offer various qualifications. Among RFM’s team are certified financial planners (CFPs), registered financial consultants (RFCs), certified public accountants (CPAs), chartered life underwriters (CLUs), chartered financial consultants (ChFCs), retirement income certified professionals (RICP) and certified employee benefits specialists (CEBSs) and more.

Royal Fund Management Client Types and Minimum Account Sizes 

RFM serves a client base almost entirely comprised of individuals with less than a high net worth. It also works with high-net-worth individuals, corporations and businesses.

The firm does not require clients to have a minimum initial investment for investment management services. However, if you want to subscribe specifically to the firm's options strategy, you'll need at least $100,000 in investable assets.

Services Offered by Royal Fund Management

Clients of Royal Fund Management will have access to the following advisory services:

  • Portfolio management
    • Investment strategy 
    • Asset allocation 
    • Asset selection
    • Risk tolerance 
    • Portfolio monitoring 
  • Financial planning
    • Investment planning
    • Life insurance
    • Tax concerns 
    • College planning 
  • Pension consulting 
  • Educational seminars/workshops
  • Selection of advisors 

RFM’s educational seminars cover topics such as risk tolerance, asset allocation, diversification and time horizon. 

Royal Fund Management Investment Philosophy 

Royal Fund says its mission is “quality service, teamwork and the quest for excellence.” In making investment decisions, the firm values diversification among assets, and it uses no-load mutual funds, individual equities and exchange-traded funds (ETFs). Its investment strategies include long-term trading and options writing, and the firm uses technical, cyclical and fundamental analysis to evaluate securities. 

The firm mainly offers investment advice and/or management on bonds, mutual funds, equities, fixed income, debt securities, ETFs, real estate, real estate investment trusts (REITs), insurance products and government securities. 

Fees Under Royal Fund Management

For investment advisory services, RFM charges asset-based fees which are paid quarterly in arrears. Clients utilizing the firm’s investment advisory services can also enroll in the firm’s Dividend Enhancement Overlay Strategy. RFM charges an extra 0.25% for this strategy. Below, we’ve listed RFM’s investment advisory fee schedules:

Investment Supervisory Service Fees
Total AUM Fees
Under $100,000 2.00%
$100,000 - $1,000,000 1.50%
Above $1,000,000 1.25%

 

Option Strategy Account Fees
Total AUM Fees
$100,000 - $250,000 2.00%
$250,001 - $500,000 1.75%
$500,001 and above  1.50%

 

Financial Consulting Fees
Total AUM Fees
$0 to $100,000 0.50%
$100,000 to $1,000,000 0.375%
Over $1,000,000 0.3125%

RFM’s clients pay fixed or hourly fees for financial planning services. Depending on the client’s needs, fixed fees generally range from $250 to $5,000. The firm charges an hourly fee of $250.

Here's a breakdown of roughly what you can expect to pay for investment management services at RFM:

*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 Royal Fund Management*
Your Assets Royal Fund Management Fee Amounts
$500K $8,000
$1MM $15,500
$5MM $65,500
$10MM $128,000

What to Watch Out For 

Royal Fund Management has five regulatory disclosures that all involve advisory affiliates of the firm.

RFM has independent advisor representatives (IARs) who are also registered as licensed insurance agents. While they may occasionally offer clients insurance products which pay commissions, RFM’s firm brochure says that no clients are required to purchase such products. However, the firm acknowledges that this can create a potential conflict of interest if these agents recommend or sell insurance products to clients. Nonetheless, RFM says it honors its fiduciary duty to act in the best interest of each client.

Opening an Account With Royal Fund Management

If you want to become a client of Royal Fund Management, you can call (352) 750-1637. If you'd rather have an in-person consultation, you can also stop by the firm's office in Lady Lake, Florida or use its website to find an advisor near you.

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

Tips to Help You Save More 

  • Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • By planning out your finances and spending, you can save a lot of money over the long-term. You should also identify any of your fixed, discretionary or variable expenses so that you’ll be able to save accordingly. Our budget calculator can help you. 

How Long $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 We weighed potential expenditures for a prospective retiree with a  $1 million nest egg to assess how many years that fund would cover in retirement in America’s largest cities.

We 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 metro areas across the U.S.

We assumed the $1 million would grow at a net annual return of 2% after inflation. 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.