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Established in 2009, Regal Assets was for many years one of the larger alternative assets companies in the U.S.
CEO Tyler Gallagher has expanded from a small business in Beverly Hills, California, to what grew to be a global company with offices in the U.S., Canada, and the United Kingdom.
The gold and crypto IRA market is a competitive industry with multiple highly rated firms vying to earn your business. How does Regal Assets stack up against the competition?
February 2023 UPDATE: Regal Assets has an F rating with the Better Business Bureau as more customers claim the CEO has stolen their money.
Their RegalAssets.com website is currently down.
We are following this story closely and are in the process of rewriting this review in order to reflect the latest Regal Assets news and information.
In the meantime, we strongly suggest that you avoid doing business with Regal Assets.
Regal assets, LLC
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Regal Assets Review - Executive Summary
We no longer recommend Regal Assets. In fact, the company is no longer in business.
Regal Assets (RA) was one of the first gold IRA firms to expand into bitcoin IRAs. They were partnered with low fee (flat rate) custodians and storage facilities, and they offered both U.S. and international storage options.
In 2022 the company's BBB rating dropped to an F.
The company also has an F rating with the Business Consumer Alliance. Based on these scores along with several negative customer reviews, we've eliminated them from our list of trusted businesses.
If this wasn't bad enough, customers are now accusing CEO Tyler Gallagher of stealing their money.
For years, the company boasted 1,000+ positive reviews on TrustLink (five star average rating), along with 5-star ratings on BirdEye. Regal was an INC 500 business with celebrity endorsements ranging from Laura Ingraham to Dennis Miller.
Regal's CEO was a member of the Forbes Finance Council and has been featured across mainstream financial publications such as Smart Money, MarketWatch, Yahoo Finance, and Bloomberg.
Editor's note: Always contact more than one company and compare all fees before opening your gold or crypto IRA. Ask about specials, promotions, or other incentives, and do not work with a company that has a track record of low ratings and poor customer reviews.
You can review our top recommended gold IRA companies from the list of Regal Assets alternatives below.
You can also request a gold IRA investor kit directly from Goldco (our #1 recommended company for 2023) here. Please note that Goldco Precious Metals has a $25,000 account minimum.
If you were researching Regal Assets for their crypto IRA offer, we currently recommend BitIRA. Sister company to Birch Gold Group, BitIRA is highly rated, with low fees, and excellent customer service.
Regal Assets Alternatives
Best Overall
Why Goldco? 10+ years in business, thousands of 5-star reviews, A+ ratings, competitive pricing, and low fee structure.
$25,000 account minimum.
Best for High Net Worth Individuals
Augusta Precious Metals is a 5-star rated company that's focused on compliance, transparency, and customer service.
$50,000 account minimum
Best for Low Cost Bullion
Noble Gold boasts low account minimums, competitive pricing, low fees, and top ratings online.
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$10,000 account minimum.
Best for Price Transparency
Launched in 2003, highly rated Birch Gold has simple streamlined process for opening new IRAs.
$10,000 account minimum.
Company History
Tyler Gallagher, the founder and CEO of Regal Assets established the gold IRA company in 2009. By 2013, the company was an INC 500 company, rated #20 in the U.S. for financial services. In 2017, the company added cryptocurrencies to their product line, making Regal Assets one of the first companies to offer bitcoin IRAs to retail customers.
Competitors like Birch Gold launched BitIRA for crypto customers and Goldco launched Coin IRA. Before Tyler Gallagher's fall from grace, Regal Assets was the only alternative assets company to facilitate both a gold and crypto IRA under the same roof.
The alternative assets dealer had offices in both the U.S. and Canada.
Products and Services
Most of Regal's business was in facilitating gold IRA rollovers. The idea of rolling over retirement funds into a self-directed IRA can be intimidating. The company claimed knowledge and experience in setting up these accounts in compliance with IRS tax rules. They were partnered with trusted custodians and gold IRA storage depositories and offered 'white glove' service, making their four step process as simple as possible for customers.
Important Note: While the company specialized in gold IRAs, they also facilitated direct sales and delivery of precious metals directly to customers. Regal was able to ship bullion products to customers across the United States.
Gold IRA Bars & Coins
Regal Assets offered a wide selection of gold bullion coins and bars that are eligible for your IRA. For example, the company offerred:
- American Eagle coins
- American Buffalos
- Australian Kookaburras
- Australian Koalas
- Canadian Maple Leafs
- Silver Brittania coins
- Gold, silver, platinum, and palladium bars
- and more
This is just an example of some of the products they offered for IRA investors. They previously listed a full list of gold, silver, platinum, and palladium bullion bars and coins on their website.
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Bitcoin IRAs
Regal was at one point unique due to their crypto offerings. Some crypto IRA companies only offer a small selection of cryptocurrencies. Regal Assets was partnered with Coinbase.com and Kingdom Trust for their crypto IRA, and were able to facilitate the purchase of any of the digital assets currently available on Coinbase.
The company sold what they referred to as a "Regal IRA," and clients could select a mix of investment across precious metals and cryptos.
Image courtesy of Regal Assets
Regal Assets Reviews and Complaints (2023)
A quick google search shows a mix of positive with negative reviews. Here are some of their ratings on independent review sites:
- Business Consumer Alliance (BCA): Regal unfortunately has an F company rating, with 11 complaints filed within the last three years.
- BirdEye: 4.9/5 star average rating based on 1,631+ reviews.
- TrustLink: The company has a 4.9/5 star rating based on more than 1,088 customer reviews.
- YellowPages: Regal Assets boasts a 5/5 star rating based on 12 customer reviews.
- TrustPilot: 2.5 Star average rating based on 4 reviews.
- F Rating with the Better Business Bureau with two complaints closed in the last three years.
We believe that the high scores on TrustLink and TrustPilot will soon crash and reflect the shocking turn of events within the company over the last few months.
Business Consumer Alliance (BCA) Ratings and Reviews
Gold IRA Fees
If you're reading this Regal Assets review, you're likely already aware there are unique tax advantages to executing a gold IRA rollover. There are of course costs involved in opening and maintaining a self-directed IRA (SDIRA).
Your current 401(k) or IRA custodian likely offers a mix of the usual stocks, bonds, and funds for your account. If you want to diversify into metals or crypto, you'll need to open a new self-directed IRA. In addition to finding an SDIRA custodian, you'll also need to pay annual fees for third party gold depository storage.
Note: Don't believe the hype around home storage gold IRAs. The IRS prohibits direct possession of your IRA. Going this route could result in heavy IRS penalties. If you work with a reputable firm, they'll ensure you follow IRS guidelines and avoid unnecessary taxes or penalties.
Request Your Free Gold IRA Guide:
Protect Your Retirement Savings with Physical Gold & Silver.
Custodian
Regal Assets offered IRA custodial fees of $90/year for all gold IRAs. This was very competitive with what others in the industry are charging.
Storage
Regal's preferred gold IRA storage company was Brinks Global Services. The cost for Brinks storage comes down to $100 annually. Brinks is the preferred partner for many of the top precious metals firms and a trusted industry leader.
Regal charged a total of $190/year for both storage and custodial fees.
Again, Regal Assets is no longer in business. Contact a reputable gold IRA company, but feel free to use this fee schedule as a pricing reference when comparing with other gold IRA dealers.
Regal Assets Pros and Cons
A balanced Regal Assets review should reveal both pros and cons about the company's services.
Pros
What we like about Regal Assets? For years, the company was in good standings with the BBB and other watchdog groups.
It was great to see a company offer both precious metals and cryptocurrencies under the same roof. I hope that other gold IRA companies follow the model they started
Regal Assets review: in-depth review of the gold dealer's history, reputation, products, fees, and more
Cons
What we don't like about Regal Assets? Of course, the elephant in the room is the fact that Regal Assets has:
- An F rating with the Better Business Bureau
- An F rating with the Business Consumer Alliance
- 2.5-star average rating on TrustPilot
- Customers claim the CEO stole money and never delivered their metals
It's a mystery what went wrong with the CEO and his company, but Regal Assets is now a gold IRA scam that should act as a cautionary tale for consumers.
Perform due diligence before investing with any gold company.
Regal Assets Alternatives
You can find our full list of recommended gold IRA companies here. However, here's a quick rundown of some of the best Regal Assets alternatives:
- Goldco Precious Metals: Goldco is consistently ranked across trusted financial sites a top gold IRA provider. Goldco is an INC 500 company with thousands of 5-star reviews from happy customers.
CEO Trevor Gerszt has been named to the Board of Directors for the Better Business Bureau of Los Angeles and Silicon Valley. There's a lot to like about Goldco Precious Metals. Read our full Goldco review here. - Augusta Precious Metals: Augusta has overwhelmingly positive customer reviews. The firm is 5-star rated, and is the only gold IRA company to offer each customer a one-on-one educational web conference designed by their Harvard trained Director of Education. In 10+ years of business, Augusta is an established leader in serving gold IRA customers. Read our full review here.
Bonus: Augusta will cover all of your annual gold IRA fees for up to ten years. Make sure to ask about this.
The downside? Augusta has an account minimum of $50,000. This may be too high for some people, which is why we've bumped them down from the #1 spot on our recommended dealer list. - Birch Gold Group: With endorsements from Ben Shapiro, Ron Paul, and other prominent conservative figures, perhaps no gold IRA company has the trusted name recognition of Birch Gold Group. With almost 20 years in business, the top rated gold IRA company has thousands of happy customers in all 50 states.
With an account minimum as low as $10,000, working with Birch Gold is accessible to most Americans. Read our full review here.
Summary: Regal Assets Review
The precious metals industry is competitive. There are countless options out there for customers ready to buy physical gold and silver.
For years, Regal Assets was a major player in the gold IRA market offering both gold and crypto IRA rollovers. Unfortunately, the company is now making news for less-than-ideal reasons.
We are still processing the bizarre details revealed in the Daily Beast article.
We will continue to watch this story as it unfolds. But at this time, we recommend you find a different company for your investment needs.
Of course, always speak with a financial professional before making any investment decisions. Reach out to two or more highly rated gold IRA providers and compare costs before moving forward. Don't hesitate to get all of your questions answered and get all pricing and fees in writing.
A little research now will ensure your gold IRA rollover process turns out to be simple and easy.
