RA Review

February 21

0 comments

Regal Assets Review: No Longer in Business?

Ilir Salihi

Disclosure: We are reader-supported. If you buy through links on our site, we may earn a commission. Learn more.

For gold IRA investors, it seems like there’s a new gold dealer opening their doors every week. Online, tv, and radio broadcasts are flooded with Gold companies blasting their advertisements in hopes of earning your business.

Regal Assets is one of these companies. In this Regal Assets review, we’re going to look at the company’s history, reputation, products and services. We'll also review the fees you can expect when opening a new gold (or crypto) IRA with this business.

Before we get started: If you'd like to view our full list of top gold IRA companies, click here.

If you're ready to open your new gold IRA, you can request more information from our #1 recommended gold IRA company by visiting their website here.

For our full Regal Assets review, keep reading below! Let's get started.

Protect Your Wealth: Request Your Free 2024 Gold IRA Guide

Augusta Precious Metals IRA Kit

Free Gold IRA Guide from Augusta Precious Metals Reveals Strategies to Buy Physical Gold and Silver (Tax-Free) with Your 401(k)...

APM social proof

Executive Summary

Updated March 2023: Regal Assets is out of business.

The company has an F rating with the Better Business Bureau (BBB), an F rating with the Business Consumer Alliance, and a 2.5-star rating with TrustPilot. 

Multiple customers claim CEO Tyler Gallagher has taken their money and never delivered gold and silver

We recommend that you find a different alternative assets company.

There are plenty of highly rated companies that you can trust for your gold IRA. Regal Assets is not one of them.

You can view our full list of highly rated companies here.

We are in the process of updating our full Regal Assets review below to include the shocking claims made against their CEO.

Regal Assets Review: Company History

After years as an account executive for an established U.S. gold IRA dealer, Tyler Gallagher ventured out to launch his own precious metals company under the name Regal Assets.

The company started as a one-man operation where Gallagher literally handled every position in the office. Fast forward to 2023, and the precious metals company became a global operation with offices in the United States, Canada, and the U.K.

The Regal Assets U.S. office specialized in Gold IRAs, but the company also handled:

  • Cryptocurrency IRAs (one of the first U.S. companies to offer this)
  • Non-IRA sales of precious metals delivered directly to your home
  • Gold RRSP accounts for customers in Canada

Related: Is a Gold IRA a Smart Investment?

Their Service: Gold & Crypto IRAs

Regal Assets offered customers the option of purchasing precious metals for home delivery, but the bulk of their business was in facilitating customers with gold IRAs.

Regal Assets offered a wide variety of IRA-eligible gold, silver, platinum, and palladium bars and coins for your investment. The inclusion of platinum and palladium is important to note, because some competitors limit their product offering to the most popular gold and silver products. 

In 2017, the company saw a demand for cryptocurrencies, and began offering their crypto IRA .  The firm allows customers the option of purchasing bitcoin, ethereum, litecoin, and other digital currencies with their self-directed IRA.

alternative assets ira

Image credit: Regal Assets.com

When compared to other crypto IRA companies, Regal Assets offered the largest selection of cryptocurrencies. Regal was partnered with Coinbase.com and was able to facilitate the purchase of any coins currently available on the coinbase exchange. Regal Assets also claimed their crypto IRA was the most hacker proof, fully insured, cold storage crypto IRA offer available on the market.

Related: Best Gold IRA Companies for 2023 - Ratings, Reviews, and More

bitcoin ira cold storage

Image credit: RegalAsset.com

Company Reputation

Tyler Gallagher, the company CEO was a member of the Forbes Finance Council,  featured in Smart Money, Bloomberg, CoinTelegraph, MarketWatch, Seeking Alpha, and more. Regal Assets was previously endorsed by celebrities such as Laura Ingraham, Dennis Miller, and Lars Larson.

The company has completed hundreds of millions in IRA rollovers and account transfers. Their corporate website proudly displayed screenshots of top rankings across these verified client review sites.

For years, the company was a recognized name in the industry. It is in 2022 when their ratings recently slipped considerably with a few watchdog sites. This includes:

  • F Rating with the Better Business Bureau
  • F Rating with the Business Consumer Alliance
  • 2.5 Star average rating on TrustPilot based on 12 reviews

The company does however still hold a good overall ranking with TrustLink and BirdEye:

  • 5 Star Average Rating with Trustlink (based on 1,000+ client reviews)
  • 4.9 Star Average Rating on BirdEye (based on 1,000+ verified reviews)

We imagine that their TrustLink and BirdEye ratings will soon slip to reflect the unfortunate reality of this company's demise.

In our Regal Assets review, it's normal to find a couple of negative reviews on any gold dealer.  But what's happened with Regal Assets is beyond a few 'unhappy customers." 

Regal Assets Review: In-depth look at the #gold #bitcoin alternative assets firm

Click to Tweet

Regal Assets Alternatives

There are several highly rated gold IRA companies in the market that can facilitate your precious metals IRA. Below are a few Regal Assets alternatives to consider in your research. This is not an extensive list.

Top Rated Gold IRA Companies

Augusta Precious Metals

Highly rated gold dealer with a focus on customer education and transparent pricing. Current promotion: All IRA fees covered for up to ten years. 

Goldco

Founded in 2006, Goldco is highly rated, with low fees, and wide selection of metals.

Current promotion: Up to $10,000 in free silver.

Red Rock Secured

The only highly rated gold IRA company on our list to offer a price protection guarantee.

Current promotion: Qualified accounts get IRA fees covered for life.

Protect Your Wealth: Request Your Free 2024 Gold IRA Guide

Augusta Precious Metals IRA Kit

Free Gold IRA Guide from Augusta Precious Metals Reveals Strategies to Buy Physical Gold and Silver (Tax-Free) with Your 401(k)...

APM social proof

Regal Assets Review: Company Fees

There are of course, costs involved with opening up a Gold IRA. When Regal Assets was in business, they negotiated low rates with both their custodian and vault storage partners.

This is an example of the the fees you would paid if opening a gold IRA account with Regal Assets:

  • No Set-Up or Administrative fees for your first year
  • Annual storage fee of $125 via Brinks Segregated vault storage
  • Annual custodial fee of $90

Important note: Do you prefer segregated or non-segregated vault storage?

When comparing storage fees, confirm the type of vault storage you’re getting quoted. Regal Assets offered segregated vault storage for the same annual fee that some competitors charge for non-segregated storage.

Find a reputable dealer and discuss storage with your account rep to decide which option is best for you.

It's also important to note that by partnering with Brinks, Regal Assets was able to provide clients a wide selection of storage facilities world wide. Many other companies also work with Brinks and should be an option for you also.

Related: Best Gold IRA Companies for 2023 - Ratings, Reviews, and More

map

Regal Assets offers international storage options

Regal Assets Review

We’ve researched and reviewed a wide selection of precious metal IRA companies. Regal Assets is at the bottom of our list. 

Related: What is a Gold IRA Rollover? Insider Guide to Buying Precious Metals with Your 401(k)

Before buying or storing any precious metals, vet at least two or three companies. Let them know you’re doing research and comparing different dealers. Have them mail a gold IRA investor kit to your home (do not ask for the digital download). Go through their content, connect with an account representative, and ask questions.

In our Regal Assets review, we are shocked to hear of the allegations against their CEO Tyler Gallagher.

Many of Regal's competitors have an A+ with the Better Business Bureau, hundreds of 5-star reviews, and a longer track record of serving happy customers. Perform due diligence and safeguard your retirement with a trusted provider.

View our updated list of top gold IRA companies (ranked and reviewed) here.

Protect Your Wealth: Request Your Free 2024 Gold IRA Guide

Augusta Precious Metals IRA Kit

Free Gold IRA Guide from Augusta Precious Metals Reveals Strategies to Buy Physical Gold and Silver (Tax-Free) with Your 401(k)...

APM social proof

About the Author

Ilir Salihi is the founder and senior editor at IncomeInsider.org. He oversees all content for IncomeInsider and its partner sites. His articles and insights have been featured on Barchart, Benzinga, and Investing.com, among other prominent media channels.

Ilir Salihi


Tags

Bitcoin IRA, cryptocurrency, gold, Gold IRA, reviews, silver


You may also like

Are You an Income Insider?

Get Insider News Delivered Straight to Your Inbox...

>