Regal Assets Review: Products, Fees, & Ratings (2022)

Regal Assets Review - TL;DR

We no longer recommend Regal Assets. In business for more than a decade, Regal Assets (RA) is one of the first gold IRA firms to expand into bitcoin IRAs. They've partnered with low fee (flat rate) custodians and storage facilities, and offer both U.S. and international storage options. 

The company was high on our list for years, but 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.

In their defense, the company still boasts 1,000+ positive reviews on TrustLink (five star average rating), along with 5-star ratings on BirdEye. Regal is an INC 500 business with celebrity endorsements ranging from Laura Ingraham to Dennis Miller. Regal's CEO is a member of the Forbes Finance Council and has been featured across mainstream financial publications such as Smart Money, MarketWatch, Yahoo Finance, and Bloomberg.

If you're still considering Regal Assets for your gold or crypto IRA, request their 2023 investor kit here.

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 Precious Metals (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

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. Today, Regal Assets is still the only alternative assets firm that can facilitate both a gold and crypto IRA under the same roof.

The alternative assets dealer has picked up celebrity endorsements and celebrity clients over the years and expanded their operations globally with offices in the U.S, U.K., and Canada.

Products and Services

Most of Regal's business is in facilitating gold IRA rollovers. The idea of rolling over retirement funds into a self-directed IRA can be intimidating. The company shines in their knowledge and experience in setting up these accounts in compliance with IRS tax rules. They've partnered with custodians and gold IRA storage depositories and offer 'white glove' service, making their four step process as simple as possible for customers. Setting up a new IRA starts with filling out a simple online form on their website.

Important Note: While the company specializes in gold IRAs, they also facilitate direct sales and delivery of precious metals directly to customers. Regal can ship products to clients across the United States.

Gold IRA Bars & Coins

Regal Assets offers a wide selection of gold bullion coins and bars that are eligible for your IRA. For example, the company offers:

• 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 offer for IRA investors. A full list of gold, silver, platinum, and palladium bullion bars and coins can be found on their website.

Note: Regal Assets 'shines' in the fact that they offer a wider selection of IRA-eligible bars and coins than many of their competitors. 

Related: Gold vs Silver - Which should you own in your portfolio?

Bitcoin IRAs

Regal also shines when it comes to their crypto offerings. Some crypto IRA companies only offer a small selection of cryptocurrencies. Regal Assets has partnered with Coinbase.com and Kingdom Trust for their crypto IRA, and are able to facilitate the purchase of any of the digital assets currently available on Coinbase. 

The company sells what they refer to as a "Regal IRA," and clients can select a mix of investment across precious metals and cryptos, making it a truly diversified alternative assets IRA. 

Related: What is a Central Bank Digital Currency (CBDC)?

Regal Assets Reviews and Complaints (2022)

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: 2.5Star average rating based on 4 reviews.
• F Rating with the Better Business Bureau with two complaints closed in the last three years.

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.

Custodian

Regal Assets has negotiated IRA custodial fees down to $90/year for all gold IRAs. This is very competitive with what others in the industry are charging. 

Storage

Regal's preferred gold IRA storage company is 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.

If you're only buying precious metals, your total annual cost for storage and custodial fees are as low as $190/year. We find their gold IRA custodial and storage costs very to be very competitive for 2023.

Note: At the time of this writing, Regal Assets will cover all of your IRA custodial and storage fees for your first year. If you choose to work with Regal Assets, speak to your account rep to learn more about any promotions they're currently offering.

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?

• Been in business over 10 years.
• Largest selection of precious metals and cryptocurrencies.
• Zero custodial / storage fees your first year.
• Fair buyback program - if and when you want to liquidate assets.
• Low minimum investment for IRAs - Regal will open an IRA with as little as $10,000 investment.  While this might not seem low, competitors in this space like Augusta Precious Metals have a $50,000 account minimum.
• 2,000+ positive client reviews between Business Consumer Alliance, TrustLink, TrustPilot, and BirdEye.
• They've streamlined the process. You can just fill out a form on their website to get started.

Cons

The truth is that Regal Assets has done a lot of things well over the years. What we don't like about Regal Assets? The elephant in the room that we just cannot get passed 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

It's difficult to make a case for this company when so many of Regal's competitors have stellar online reputations. Read some of the complaints on the BBB's website and you may agree it's better not to take a chance with Regal Assets. 

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 company we recommended for both gold and crypto IRA rollovers. Unfortunately, their reputation has hit a few snags within the last year with a drastic drop in their Better Business Bureau and Business Consumer Alliance ratings. We will investigate this further and perhaps change our assessment of this company in the future. But at this time, we cannot recommend Regal Assets as a solid choice for your gold or crypto IRA. 

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.