Regal Advisory Services, Inc. (Glenview)

Regal Advisory Services, Inc. is a large advisory firm based in Glenview. It manages $93.31 million of regulatory assets for 378 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Arizona, Arkansas, California, and 17 other states.

Regal Advisory Services provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Regal Advisory Services: assets under management

The assets under management (AUM) of Regal Advisory Services, Inc. is $93.31 million. The firm's AUM has gone down by -7% since the beginning of its operation, and $158.77 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $38.87 million in discretionary accounts and $54.45 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $211.22 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $280.66 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is investment and business development companies, which make up 29% of the firm’s portfolio. Investments in cash and cash equivalents form 18% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Regal Advisory Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Veronica Lynn Gude serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Veronica Lynn Gude is individuals with 332 clients and $46.05 million of assets under management. Among the 6 most similar advisory firms, Regal Advisory Services has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $81.39 million for 374 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Regal Advisory Services doesn't advise any private funds.

Careers at Regal Advisory Services, Inc.

The company employs 35 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. 35 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Veronica Lynn Gude has been acting as President since 1 Jul 2015. Bokios 2012 Dynasty Trust joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 1 indirect owner.

Based in Glenview

The principal office where Regal Advisory Services, Inc. performs its advisory services is located at 950 North Milwaukee Avenue, Glenview, IL 60025 3771, which is also the mailing address of the firm. An additional office of the firm is in Farmington Hills, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 877-488-6537 or by fax 847-375-6033. The normal business hours are 8 am to 5 pm on Monday - Friday. You can find more information about the New York firm at regalsecurities.com.

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