A Regal Assets IRA differs from other precious metals IRAs by allowing investors to also incorporate digital currency into their retirement plan for even more investment protection.
It is also the world's first alternative individual retirement account to enable you to do so for an increased chance at greater diversification using future-driven assets.
Cryptocurrency, also known as digital currency, is a decentralized form of money that is free of government authority. Hence, it is growing in use as the new method of savings and payment for many reasons, including its more private transactions, faster transfers, and more over traditional currency.
Like gold, it is also limited in supply, which means it always has the potential for increased value when demand for it rises, such as when the dollar and the stock market decline due to its negative correlation to both.
Hence, cryptocurrency is also a much sought-after alternative investment among billionaires, retirement savers, and more for its anticipated hedge against inflation and potential long-term earnings.
Regal Assets in a few words
Company name: Regal Assets
BBB grade: F
Summary: Regal Assets can be thought of as a one-stop shop for investors looking to add metals and cryptos to their retirement accounts. In fact, since its opening, its account executives seem to have helped thousands of U.S. clients transfer their current retirement plan into a metals and crypto IRA.
The organization seem to have many prestigious backings, including Forbes and Inc.500, and has also been featured in several notable publications, such as Smart Money, MarketWatch, and more, for its highly doubtful long-standing work in financial services. It also boasts over 1,000 positive reviews on Birdeye.
Regal Assets is based in Beverly Hills, California but also has offices in Toronto, Dubai, and London to serve customers across the globe. However, their F rating from the Better Business Bureau raises some serious doubts. We strongly suggest you avoid dealing with this company, check our list below to find a reliable one.
Our score: 1/5
Should you work with Regal Assets in 2023?
We understand how difficult it is to choose a reliable precious metals company to work with. For that reason, we created a list of gold IRA dealers that we think are best to avoid. Click on the button below to make sure Regal Assets isn’t one of them and discover our top 3 recommendations for this year.
What Products They Offer
Your Regal IRA is eligible to contain physical gold, silver, and platinum coins, bars, and rounds, palladium bars and rounds, as well as various popular cryptos like Bitcoin, Ethereum, Litecoin, and more.
Or you can get a gold IRA to hold gold products alone or a combination of gold and other IRS-approved precious metals. Don't forget to check out our top rated gold IRA company list before you do so.
You can also simply open a crypto IRA if all you wish to own is digital currency.
Setting Up a Regal Assets IRA Account
The first step to setting up a Regal Assets IRA account is to fill out the submission form located on their company website.
You then submit the form, and a member of their retirement amount team will contact you to assist you with completing the paperwork needed by your custodian.
Meanwhile, the retirement account team specialists will keep you updated throughout the remainder of the process of setting up your new IRA.
It typically only takes about one business day to open your account.
Funding Your Regal Assets Account
Your custodian will use your completed paperwork to begin the transfer of funds from your current retirement account to your new alternative IRA. After this time, you will be able to get, silver and/or crypto via your account to help diversify your nest egg.
Or you can have your retirement account funds distributed directly to you and then deposit them into your new IRA account on your own within 60 days from the withdrawal date to avoid tax penalties.
Accredited Custodians
Regal Assets gold IRA account holders can choose an account custodian from a list of some of the most elite companies and custodians in the alternative investment industry.
Your custodian's duty is to ensure your IRA's assets are safely stored in a secure storage facility that meets IRS guidelines.
This means it must provide the highest security measures for your precious metals. It must also protect them with full FDIC insurance coverage while in their possession.
The company also works with the most trusted trading firms for your retirement account for high future returns.
Brink's Depository
When you get physical assets for your IRA, they will be safely transported and held in the Brink's depository.
Brink's is notable for its most secured services and non-bank storage facilities across the globe and in trade-free zones.
As an account holder, you can choose Brink's services throughout Singapore and North America.
Their depositories are also IRS-approved. Therefore, your gold and silver are also fully insured while in the facility.
You can also take possession of your investments and store them on your own. However, they will be exempt from being a part of your IRA, which means you will also lose any tax benefits.
Educational Resources
Like Augusta Precious Metals, this company also provides its users various helpful resources on its website, including weekly market updates to keep you informed about how the different precious metals are performing.
The company also offers a list of recommendations for investment packages and portfolios based on your style and needs to help you get started.
Visitors can also signup for a kit, which also includes a Forbes issue and more, to learn more about alternative IRAs before investing.
Regal Assets's Ratings
The company seems to be widely recognized by various leading publications, including Inc. Magazine, where it is ranked #20 out of 500 companies in the U.S. for its revenue growth rate.
The company has also been featured in Forbes, Bloomberg, The Huffington Post, Smart Money, Bitcoin.com, and MarketWatch for its financial services.
Customer Reviews of Regal Assets
The organization has also earned over 1,000 5-star testimonies on BirdEye.
However, noticing that this was the only site giving a five-star rating to Regal Assets, we decided to also look into a few other top review sites to see how they ranked with them.
Like with our analysis of Lear Capital, after further research, we found that the company has an F rating with both the Better Business Bureau and Business Consumer Alliance.
Of the 11 complaints listed on the Business Consumer Alliance site and the 21 complaints listed with the Better Business Bureau, most were from users stating that their holdings never showed up in their accounts.
Some members who opted for the home delivery of their assets also stated they never received their precious metals.
Of these members, most also stated that when they tried to reach out to the company for help, they received poor customer service or were just downright put off for months and still waiting.
However, after also exploring the Birdeye site and even the user comments on Trustlink and Trustpilot, we did find some account holders who shared how professional, informative, and helpful their Regal Assets specialist was.
So the overall message here is, as with all new investments, do your research and proceed with caution before making large acquisitions with companies with whom you are unfamiliar.
You should also be sure to contact the company and ask lots of questions to gauge their trustworthiness before investing, and do not move on with the process unless you feel 100% comfortable with them.
What are their costs?
Their costs are not listed on their site. Again, the company lacks transparency on this crucial aspect just like one of its competitor, Lexi Capital, which we can't recommend.
However, they will provide you with a breakdown of their costs upon contacting a team specialist. Some fees they charge include an administration, an annual storage, and a transaction fee.
Once you open your account, you will be charged $100 per year to help maintain it.
You will also be charged an annual storage cost by the depository you choose to secure your precious metals. This annual fee will depend on whether you choose segregated or non-segregated storage.
To store your assets along with all other precious metals stores in the facility, also called non-segregated storage, will cost you $100 per year for storage.
However, if you want them to be stored on their own, you will be charged $150 per year for separate storage.
Fees for their cryptocurrency IRAs
For a crypto IRA, the annual storage cost is 1 percent. You will also be charged 1% on your transactions.
There are also fees when you acquire and exchange your Regal assets. But, you can lock in the value of your precious metals to help prevent fluctuations in the cost.
In the meantime, there is a $5,000 minimum required investment to open a Regal IRA account, which includes a mixture of rare metals and cryptocurrency. Or you can opt for a crypto IRA, which also requires a minimum of $5,000.
Pros about Regal Assets IRA services
Enables IRA Savers to Get Gold And Cryptocurrency as Part of Their Retirement Plan
Regal Assets is the first IRA company of its kind that enables investors to own physical gold and cryptocurrency as part of their retirement plan, which presents an exciting opportunity for those interested.
In fact, the only way to own physical gold and crypto as part of your IRA is to work with an alternative IRA company, which is according to IRS rules.
You Can Also Own a Crypto IRA
If you fancy yourself more of a modern investor and like the idea of owning only digital currency as part of your nest egg, then you can also do so with a crypto IRA.
You can also choose from popular crypto like Bitcoin to Ethereum and even some lesser-known and upcoming digital currencies like Icon, Marker, and OmiseGO.
You Can Also Own Silver, Platinum, and other Precious Metals as Part of Your IRA
The company offers silver, platinum, and palladium products, which can also be acquired via your IRS-approved IRA.
This way, you can benefit from even more portfolio diversification using other goods that offer similar economic benefits to gold.
You Can Transfer or Rollover Your Current IRA or Other Eligible Retirement Account
Provided your existing IRA or another retirement account is eligible, which most plans are, you can simply transfer all or some of the funds to your new alternative IRA account to begin making your purchases.
Their team specialists also have a combined 12 years of experience in the business, so they will work with you to complete your IRA rollover according to IRS regulations to prevent tax penalties and more.
This includes setting you up with a custodian to manage your account, make alternative asset acquisitions on your behalf, and safely transport your assets to the depository.
The team specialists will also keep you informed throughout the IRA setup process and even after your signup is complete so that you can keep track of your account and more.
They Work With Brink's Depository
Once you have acquired your gold or silver, your custodian will contact Brink's Global Services to arrange for the secure transport of your items to one of their depositories in Singapore or North America.
Brink's is recognized across the world as one of the most trusted private security and protection companies, and it is the only depository this firm works with.
They Have a Low Minimum Investment
Their minimum $5,000 IRA investment requirement is one of the lowest in the industry, which makes it accessible to more investors.
They Have a Buyback Program
If at any time, you wish to sell your precious metals, the company will get them back
and have the funds in your account within 24 hours of the sale.
They Provide Somewhat Reliable Educational Materials on Their Site
The company also prides itself on ensuring you are completely comfortable with investing in their alternative asset IRA, so they offer all the educational material you need to understand your investments before you jump in.
You can also check their site for articles on the latest market news to see for yourself how precious metals and cryptocurrency are performing in the market.
The Company is an Official Member of Forbes Financial Council and More
Regal Assets is an official member of Forbes Financial Council, Inc.500, and more. The company was also featured on Bloomberg, Yahoo Finance, Forbes, MarketWatch, and more.
Hence, they are esteemed by some of the biggest names and publications in the industry.
Cons about this firm
They Have Too Many Negative Testimonies
Regal Assets has too many negative comments on various reputable sites concerning customers not receiving their metals, which makes you leery about doing business with them.
They Have an F With the Better Business Bureau and Consumer Alliance
Considering that the Better Business Bureau and Consumer Alliance are two of the top sites for helping to ensure that businesses remain ethical in their practices, having an F with both, as Regal Assets does, makes them seem untrustworthy.
Their Costs are Not Listed on Their Website
The company states that it values transparency and security; however, its prices are not listed on its site, which makes you feel they are not being transparent.
Our conclusion: avoid this company at all cost
We love the idea of being able to own precious metals and crypto as part of an IRA.
However, being a financial company that undoubtedly handles billions of dollars of clients' money per year with an F BBB rating raises concern about whether it values its members and its reputation. Hence, how can you trust its ethics?
The number of testimonies that stated they never received their precious metals or that their purchases never showed up in their IRA account is also a concern because it puts you on guard against being deceived.
However, to be fair, the company also has a number of good feedback, especially on Birdeye, and they are also backed by a conglomerate of reputable in the business, so it makes you think they must be doing something right for them to risk their own good standing with the public to endorse the company.
They also have one of the lowest minimum IRA investment requirements, and with the opportunity to also own crypto, so their product is designed to benefit more people.
Regal Assets also doesn't charge a fee to set up your account, which again enables more people to get in on the action.
You can find much better gold IRA dealers
Our only advice to you would be to really take your time to investigate the company and its practices before supporting them with your hard-earned capital. However, we strongly recommend you consider working with other top gold IRA firms like Goldco or Birch Gold.
You should also contact the company personally to ask questions and gauge the quality of their customer service for yourself before choosing them as your alternative assets IRA company.
It may also help to periodically check back with the BBB to see if the company's rating has increased, which may signal that they are making efforts to improve it and earn your confidence.
Otherwise, working with the wrong alternative assets IRA company can pose a bigger threat to your nest egg than any stock market risk ever could.
Another reliable gold IRA dealer, SchiffGold, doesn't have any Better Business Bureau's grade. It is not a great sign but it doesn't mean the company isn't legit.
Our score: 1/5
TO BE AVOIDED, SCAM RISK