Regal Assets Review 2024: Be Careful
You’ve probably heard of Gold IRA companies before, but what are the different features and benefits that make them so popular? In this blog post, we’ll discuss Regal Assets in detail – from their history, products, and services to pricing and other important information. So whether you’re looking to invest in gold or want to know your options, read this Regal Assets review to learn more.
Who Are Regal Assets?
Regal Assets is a precious metal dealer specializing in various precious metals IRA and crypto IRA accounts. The company was founded by CEO Tyler Gallagher and has received accolades from prominent publications, including Forbes. He is also a member of the Forbes Finance Council. The company has been around for 12 years and is located in Beverly Hills, California (United States). Regal Assets looks to be an industry leader in their industry and someone to consider to be able to invest in all types of precious metals and cryptocurrencies. They also offer a wide range of services, such as a crypto-exchange and crypto-wallet.
UPDATE as of 2/15/23: Be extremely careful about Regal Assets before moving forward. An article from the Daily Beast has more updates here:
In light of these events, we suggest you check out Augusta Precious Metals, which is a top choice for the precious metals IRA industry.
Augusta Precious Metals Review 2023: Read This Now
What is a Crypto IRA?
A crypto IRA is a retirement account that can buy and sell crypto assets such as Bitcoin, Ethereum, Bitcoin Cash, and other alternative investments. A cryptocurrency IRA is self-directed, meaning the account holder has complete control over what digital assets to buy and sell. Crypto IRAs also offer tax advantages, as crypto gains can be tax-deferred or even tax-free in some cases. There can be a traditional or Roth IRA account, and you will also need a bank account to start.
What CryptoCurrencies does Regal Assets Offer?
Regal Assets offers a total of 21 cryptocurrencies at the moment. They are the following:
- Bitcoin
- Litecoin
- Ethereum
- Aave
- Basic Attention Token
- Bitcoin Cash
- Bitcoin SV
- Cardano
- Chainlink
- Cosmos
- Dash
- Dogecoin
- EOS
- Ethereum Classic
- Icon
- Maker
- Omisego
- Stellar
- Tezos
- XRP
- Zcash
Once you purchase your assets, they will be stored in a Regal Wallet and put in cold storage. You will want to ask Regal Assets about the security measures they take to secure the crypto IRA, so you are aware of any potential risks. There has been a lot of smart money looking at blending approaches to invest in precious metals and cryptocurrencies.
What is a Roth IRA?
A Roth IRA is an Individual Retirement Account that allows you to grow your money tax-free. With a Roth IRA, you contribute money that has already been taxed, so you don’t have to pay taxes when you withdraw it in retirement. Roth IRAs have several benefits, including the ability to withdraw your money tax-free in retirement. They also offer more flexibility than a traditional IRA regarding withdrawals. You can also learn about crypto IRAs here.
What is a Gold IRA?
A gold IRA is a retirement account that allows you to invest in physical gold and other precious metals. This type of account is best for investors looking for a long-term investment strategy, as gold tends to hold its value over time. A gold IRA can also offer diversification benefits, as they are not subject to the same volatility as stocks and other investments. You can learn more about self-directed gold IRA accounts by researching the best gold IRA company here.
Who is the Depository for Regal Assets?
Regal Assets works with Brink’s to provide vault storage solutions for your assets. The vault storage fee is a flat $250 per year, regardless of your account size.
Who is the Custodian for Regal Assets?
Regal Assets works with CNB Custody as their custodian on record. They are a part of Community National Bank and have more than 35 years of experience. They are located in Kansas. You must be aware of the custodial fees that are charged to factor that into your cost basis when making your minimum investment.
What Type of Precious Metals Does Regal Assets Offer?
Unlike some of their competitors, Regal Assets offers alternative assets to just gold and silver. They also have platinum and palladium bullion that can be purchased in a self-directed IRA. Here are some of their offerings:
- Gold Bar
- Gold Coins like the American Eagle Coin
- Silver Bar
- Silver Coins like the Silver American Eagle, Silver Canadian Maple Leaf, and Silver Brittania Coin
- Platinum Bars
- Platinum Coins like the Platinum American Eagle, Platinum Canadian Maple, and Platinum Australian Koala
- Palladium Bars
- Palladium Coins like the Palladium Canadian Maple Leaf
Can I Buy Precious Metals Outside of an IRA Account at Regal Assets?
Some customers do not feel comfortable buying within an account and want their precious metals in their possession, and Regal can also help with this via cash purchases. Once the purchase is made, they will arrive to you within seven business days and are fully insured.
What is a Regal Assets IRA?
The Regal IRA is an Alternative Assets IRA that mixes both precious metals and cryptocurrencies in the investment vehicle. This allows the customer to hedge against different market conditions, including the US dollar. The entire process is approved by the IRS and helps you add more diversification than traditional precious metal IRAs. The Regal IRA product offering also includes using approved custodians and depository firms to ensure safety around your investment.
Process:
- Create your Regal Assets Gold IRA account by completing the form on the website and other required paperwork.
- You will need to work with your existing company and do either a transfer or an IRA rollover of the funds to your new precious metals IRA account. You can do a current gold IRA rollover as well.
- Purchase your precious metals.
Regal Assets Fees:
There is no discussion about the Regal Assets pricing, annual fee, or whether it is a flat fee based on a percentage of assets. This is something extremely important to find out details about. Most competitors are transparent with pricing, so be cautious about this. There is also no discussion of whether a minimum investment is required to open up a precious metals IRA or even a crypto IRA. They do have recommended packages and portfolios with an investment amount. Here is a brief overview:
- Merchant Package – $5,000
- Knighthood Package – $10,000
- Legacy Portfolio – $25,000
- Kingship Portfolio – $50,000
- Dynasty Portfolio – $100,000
- Coronation Portfolio – $250,000
What Do People Say About Regal Assets?
In the past, Regal Assets boasted a AAA rating (highest) with the BCA (Business Consumer Alliance). Recently, they have been downgraded to an F rating which is quite concerning. Customers are complaining about the lack of customer service. It is crucial to make sure you do your proper diligence before moving forward with them. Send an email and see if anyone responds promptly. They still have many positive reviews, but you want to identify their current issues. The Better Business Bureau, which helps provide ratings on business, has given Regal Assets a C+ rating.
On the other hand, there are positive BirdEye reviews for Regal Assets, so it is essential to consider each item before making a final decision. Another source is to check Google and type in Regal Assets Reviews – TrustPilot to see what customers say about the company. Christian Howard, who provided fantastic customer support for a long time, left the company to work for Noble Gold Investments.
Conclusion
Regal Assets seems to have been a leader in the industry for quite some time. It is important to do further diligence about the company regarding customer service and proper follow-up on needs and information. It may also be worth looking at competitors such as Augusta Precious Metals, American Hartford Gold, Birch Gold Group, Goldco Precious Metals, or others here.
Note: Please note that the content shared in this post is not intended to be taken as financial advice. As the author, I am not a certified financial advisor, so I cannot give financial advice. It is strongly advised to consult with a licensed financial expert before making any financial investments.
Ammar has started several online businesses and is a blogger who loves providing quality content to help others. He is involved with affiliate marketing, domain names, NFTs, and cryptocurrencies. Check out my blog if you want to learn more about these areas and business in general.
